Case study - Sunlife - https://www.itbusiness.ca/news/sun-life-chooses-aws-as-its-cloud-tech-provider/119336 Use the model of Strategy Co-Evolution to explain why the implementation of the AWS Cloud could be a driver to business strategy change
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Case study - Sunlife - https://www.itbusiness.ca/news/sun-life-chooses-aws-as-its-cloud-tech-provider/119336
Use the model of Strategy Co-Evolution to explain why the implementation of the AWS Cloud could be a driver to business strategy change
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- Business Strategy Business strategy refers to the overall plan for a business. The strategy sets out the direction for the company and what it wants to achieve in the long term for business success. The strategy defines which markets the business needs to compete in,which activities will give it a competitive edge and how its resources will be used to achieve the overall plan business strategies and practices continuously adapt to a changing world. In an increasingly competitive global environment, without a clear vision a business will lack direction and may not survive. A vision should be both aspirational and inspirational for stakeholders. The Vision is: to earn the lifetime loyalty of our customers by consistently delivering frequent, high performing public transport services which offerexcellent value. Underpinning the Vision are a common set of Values, an organisation's values are the guidingprinciples that influence its activities across the business. Values show how the…Kourdi (2009:3) has defined business strategy as a “plan, choice or decision used to guide a company to greater profitability and success.” Required Explain how the following strategies facilitate the achievement of success or profitability: Outsourcing Diversification Market Focus Market developmentA business-level strategy assists a company in establishing and exploiting a specific competitive advantage within a particular competitive scope. How firms integrate the activities they perform within each different business-level strategy demonstrates how they differ from one another. Describe TWO (2) business-level strategies that Kindle/Amazon should employ to achieve and protect their desired strategic position against competitors.
- The pursuit of competitive advantage requires a strategist to discover or build a company’s core competencies which will constitute the vehicle that will drive the implementation of successful strategies. A renowned global consulting firm, McKenzie Consulting Group states that “in order to gain and sustain competitive advantage, an organization should at least possess three core competencies which will form the foundation upon which successful strategies are developed”."Emerging technology is progressively levelling the playing field" undoubtedly brings this to mind. Hence, technology reduces incumbent organizations' competitive advantages while opening up new business opportunities. How does this relate to HoloLens, iPad, Windows 10, Apple, and Google products?Strategy: a set of choices for how we will differentiate ourselves with customers and from competitors Assess the current strategy for your department, unit, or organization. How does the current strategy align with the contextual factors and vision you’ve identified for your business for the next three years? Use the following questions to guide your development of a strategy and think about your strategy as a set of choices. What set of key choices will define how your team, department, unit, or organization delivers on the vision and mission in the next three years? Think about how you will execute externally: What choices are you making about differentiating yourself in the marketplace? Think about how you will operate internally to make that execution possible. How does those set of choices differentiate your team, department, unit, or organization from others trying to deliver value for end users? What sensible and attractive options are you NOT going to pursue as an…
- The entries in the boxes in the center of a TOWS matrix represent A) the opportunities and threats within the external industry environment. B) the company's strengths and weaknesses C) the company's strengths and weaknesses and the threats and opportunities that exist in the external environment. D) possible strategic actions that company might take to address external conditions using the company's internal resources E) market challenges that top management needs to addressIn a globalised world with unprecedented demand for COVID-19 vaccines, vaccine manufacturers are not concerned about competitiveness. However, the manufacturers are adopting a strategy. What are the factors that contributed to the selection of the firm strategy? Over the time period, as several vaccine candidates are available across the world, firms need to change its strategy. What are the most important challenges that the firm is likely to face in changing the strategy? How can the firm overcome these challenges?2. Use a diagram and accompanying narrative to explain what differentiation is, the different forms it can take, and how a firm utilising the policy is looking to alter its market environment in order to enhance its profit potential.
- The Five Forces model of business strategy identifies threat of substitutes, threat of entry, power of buyers, power of suppliers, and the intensity of rivalry as the determinants of sustainable incumbent profitability in a particular industry. Discuss each of the Five Forces and provide relevant examples to support your answers.When an incumbent faces a new entry from a competitor to the market, this incumbent should decide whether on an offensive approach and initiate aggressive strategic moves to improve its market position, or to employ defensive strategies to protect its market position. As a result, a competitive dynamic-action and response begins in the market. Suggest and critically discuss a model that helps managers to decide to adopt an offensive or defensive route. Support your answer with examples.A winning strategy is one that A) results in a company becoming the dominant industry leader. B) fits the company's internal and external situation, builds sustainable competitive advantage, and improves company performance. C) builds strategic fit, is socially responsible, and maximizes shareholder wealth. can pass the ethical standards test, the strategic intent test, and the profitability test. D) is highly profitable and boosts the company's market share.