Plagirism is Prohibited . Course: Strategic Management . Select an organization
ID: 389659 • Letter: P
Question
Plagirism is Prohibited
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Course: Strategic Management
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Select an organization of your choice. Carry out a research on the following aspects and present it in the form of a Report.
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1. Give a brief overview of the organization including its business, location and history.
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2. Assess the significant manner in which each company’s mission and vision align with the long-terms goals and strategic direction of the organization.
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3. Analyse the business-level strategy of the company by conducting a SWOT (Strengths, Weaknesses, Opportunities, and Threats). Conduct a PESTLE (Political, Economic, Social, Technological, Legal, Environmental) analysis and determine the fundamental way in which each sector influences its competitive position within the industry. Provide rationale to support the response.
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4. Analyse the central manner in which the strategies of the company’s business leaders have adapted to cultural differences in order to facilitate effective operations within global markets or drive new strategic initiatives with improved innovation excellence. Provide one example of any such strategy in use from the company to support the response.
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5. Assume that the organization is in need of organizational change and must alter existing strategies. Recommend one appropriate new business strategy for the company that may maximize profitability and improve competitiveness in the industry. Provide a detailed rationale for this strategy.
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6. Analyse the strategies that the internal leadership of the organization has taken to discourage unethical behaviours. Provide at least one example of such leadership in action from the company to support the response.
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7. Provide a conclusion at the end of the report
Explanation / Answer
Talview is a company that provides IT solution to HR products. They make products that can make the whole recruitment process a whole lot easier. Their products include online interviewing software, preliminary test conducting software, and software that can catch unfair practices during these tests. It is headquartered in Bangalore, Karnataka, India with its operations running in numerous countries including the USA.
A company's vision and mission help them find a path from the very beginning and stick to it throughout the years. It gives them the direction that leads towards the final goal of the organization and ensures that the company doesn't deviate from the track. Formulating a vision and mission statement will also help the employees working in the organization to understand what they are working towards and how they can contribute towards the final goal.
SWOT ANALYSIS
Strength
Their strength is the employees that the have hired. They are mostly freshers who are filled with enthusiasm, freshness, and ideas with an inbuilt go-getter attitude. They help the company to be flexible enough to act quickly to the changes that the market requires them to make.
Weakness
Their weakness is the limited resources which hinder their growth and makes them plan within their confines.
Opportunity
Their opportunity is that there are many startups coming up in India and around the world which do not have an HR department during their initial phases. Their products can eliminate the need for an HR in the initial phases of a business.
Threat
The major threat that the company faces is from competitors. A lot many companies have come up who are making the exact same product which makes the constant innovation an absolute must at a lightning speed. This will also become a differentiating factor in their business industry.
PESTLE ANALYSIS
Political
Curb on H-1B visa has led to changing of business strategies and also brought in a need to develop Indian market rather than foreign markets.
Economical
The growth of the whole sector will bring changes in the employment, revenue in the form of taxes etc.
Social
Playing in the field of IT in India is difficult as the competition is humongous. This makes the company take steps which are not friendly towards the society or sometimes completely ignore the impact on the society.
Technological
The fast-changing environment and the age of 'spinnovation' have made it important to constantly innovate and improve.
Legal
The stricter laws relating to GST have brought numerous changes in the inter and intrastate transactions.
Environmental
As most of the work that the company does requires a lot of power supply in terms of electricity, it is facing hefty charges in terms of the bill payments, fines, and charges.
GLOBAL MARKETS
As the company operates in many different countries, it makes it important for them to build a culture that promotes the diversity in these workplaces. They have employed people from various nations to contribute towards the strategies so that they get a wider perspective while building these strategies. For example, they have a US national leading their sales team. This gives them insights from different markets and plan accordingly.
Strength
Their strength is the employees that the have hired. They are mostly freshers who are filled with enthusiasm, freshness, and ideas with an inbuilt go-getter attitude. They help the company to be flexible enough to act quickly to the changes that the market requires them to make.
Weakness
Their weakness is the limited resources which hinder their growth and makes them plan within their confines.
Opportunity
Their opportunity is that there are many startups coming up in India and around the world which do not have an HR department during their initial phases. Their products can eliminate the need for an HR in the initial phases of a business.
Threat
The major threat that the company faces is from competitors. A lot many companies have come up who are making the exact same product which makes the constant innovation an absolute must at a lightning speed. This will also become a differentiating factor in their business industry.