Strategic Evaluation

In: Business and Management

Submitted By bignate82
Words 8530
Pages 35
[pic]

By

Table of Contents

Strategic Evaluation……………………………………………….3
SWOT……………………………………………………………..8
5 Forces……………………………………………………………11 Substitutes…………………………………………………...11 Industry Rivalry……………………………………………...13 Buyers……………………………………………………….14 Suppliers…………………………………………………….15 New Entrants………………………………………………..16
Environment………………………………………………………..17
Remote environment…………………………………………17 Industry environment…………………………………………21 Operating environment……………………………………….23
Profile……………………………………………………………….24
Short Term Objectives………………………………………………27
Long Term Objectives………………………………………………28
Boundaries……………………………………………………………29
Implementation………………………………………………………31
Recommendations…………………………………………………...33

Strategic Evaluation

Pick n Save is owned by Roundy’s who is in turn owned by Willis Stein & Partners, an equity investment firm based in Chicago. This paper will focus on the relationship between Roundy’s and Pick n Save and briefly touch on the influence of the parent company. Some parts of the paper wills stress areas fo the Pick n Save store because it is the largest of the four banners of Roundy’s. We have determined the current market and geographic location to be concentrated in southeast Wisconsin and moving West to Minnesota. A long term object of Willis Stein & Partners is to create a distribution chain from Chicago to Milwaukee. Our evaluation of Roundy’s strategic goals have resulted in identification of several grand strategies that Roundy’s uses in its daily operations as well as short and long term goals. An interesting note is that in the supermarket environment, Roundy’s and similar companies will sell their own brand of goods along with there competitors goods side by side. So Roundy’s is a distributor of grocery goods, health and beauty, and other household items, as well as a manufacturer of the about items.…...

Similar Documents

Strategic Choice and Evaluation Paper

...Strategic Choice and Evaluation Paper Target Firm: Hamilton Sundstrand is a subsidiary of United Technologies Corporation and is among the largest global suppliers of technologically advanced aerospace and industrial products. With more than 50 major facilities worldwide, Hamilton Sundstrand designs and manufactures aerospace systems for commercial, regional, corporate, and military aircraft, and is a major supplier for international space programs. Introduction A company is continuously faced with decisions to select among the factors that would make the business more attractive and focus on the ones that defines and aligns with its visions of “what it would like to be”. A company can overextend itself by attempting to have the best service or delivery time, the highest quality product, and the lowest cost; and could possibly result in failure. Therefore, it is inherent that a company use strategic planning to focus on primary objectives for long-term preparation and success. Hamilton Sundstrand and its sister companies are already market leaders in many established and mature markets; however, in order to continue its growth in the near future an examination of its long-term objectives is necessary. According to Pearce and Robinson, Strategic Management: Formulation, Implementation, and Control, there are seven common categories of long term objectives: profitability, productivity, competitive position, employee development, employee relations, technological......

Words: 1702 - Pages: 7

Strategic Choice and Evaluation

...Strategic Choice and Evaluation United Natural Foods, Inc (UNFI) “is the leading U.S. independent national distributor of natural, organic, specialty foods and related products, including: nutritional supplements, personal care items, and organic produce” (UNFI, 2012, para. 1). UNFI started out as Mountain People’s Warehouse in 1976, when people started becoming interested in natural product. In 1996, Mountain People’s Warehouse and Cornucopia Natural Foods merged and formed United Natural Foods, Inc. Today the company employs 6,900 individuals throughout the United States and Canada. This paper is going to evaluate the best value discipline, generic and grand strategies, and the recommended strategy UNFI should implement in the organization. Best Value Discipline Value disciplines are strategies that center on delivering customer value through operational excellence, customer intimacy, and product leadership (Pearce & Robinson, 2011). Operational Excellence Operational excellence is the approach to the production and delivery of products and services. Using this approach the organization leads the industry in price and convenience by focusing on lean and efficient operations. Organizations using this approach work hard to minimize costs by reducing overhead costs, eliminating unneeded production steps, reducing transaction costs, and optimizing business processes (Pearce & Robinson, 2011). To implement this strategy organizations generally restructure their delivery......

Words: 1536 - Pages: 7

Costco Strategic Choice and Evaluation

...Strategic Choice and Evaluation Costco Wholesale Corporation (Costco) operates a membership-only warehouse that sells quality products and services at an affordable price. Costco remains an organization known for providing quality goods and services at the lowest possible prices (Costco, 2013). This paper evaluates Costco’s strategic choices and evaluates considerations for growth. The paper identifies the best value discipline, generic strategy, and grand strategy for Costco. Finally, the paper includes a recommended strategy for Costco to implement. Best value discipline According to Pearson and Robinson (2013), consultants Michael Treachy and Fred Wiersema described the Value-Discipline Model as a strategy took to help organizations recognize what the organization wants their customers to value them for. The Value-Discipline Model focuses on three areas for an organization to focus on, operating excellence, product leadership, and customer intimacy. Of the three areas of the Value-Discipline Model, customer intimacy best describes Costco’s business model. According to Pearson and Robinson (2013), “a strategy of customer intimacy continually tailor and shape products and services to fit an increasingly refined definition of the customer” (p. 198). Customer intimacy differentiates Costco from competitors with low prices and hassle free service. Costco’s mission statement states the importance of providing “quality goods and services at the lowest possible prices”......

Words: 1108 - Pages: 5

A Report on the Strategic Evaluation of Easyjet

...Business Strategy Module Code – ST3S03 Tutor – Rachel Leek Assignment A Report on the Strategic Evaluation of Easyjet Student Number - 09134190 CONTENTS Terms of Reference Page 3 Executive Summary Page 3 Introduction Pages 4 Identify Strategic Position Pages 4 & 5 External Drivers Of Change Page 8,9,10 & 11 Adding value To Strategic Position Pages 12, 13 & 14 Conclusion Page 14 & 15 References Page 16 Bibliography Page 17 Terms of Reference This report is based on a case study of Easyjet and its strategic position. The report is addressed to Rachel Leek from Shaun Sweeney, submitted on the 28/2/2013 Executive Summary The purpose of this report is to look at Easyjet and how they align their Strategic Business Strategies to compete with other similar businesses within the aviation industry. It will also look at how they may implement these strategies into their business. The report will look at how they deal with political, economic, social and technological obligations and threats. This will be analysed......

Words: 3362 - Pages: 14

Evaluation

...that a delightful appetizer menu and all deserts made in house. However, with such amazing creativity, comes understandable limits. The entrée menu is usually bound to about 10 selections, not counting the specials. With no liquor license, patrons are encouraged to bring their own adult beverages. Depending on one’s point of view, BYOB can be either a positive or negative. The next criteria used for my evaluation was the atmosphere found at Serenity Café. As soon as you step inside the restaurant you cannot help but notice the relaxed atmosphere. It is not uncommon to see folks dressed in jeans and button-down shirts across from a table of diners attired in formal evening wear. Both of which is perfectly acceptable at this location. The front of the house is tastefully decorated with just the right amount of art and interesting items on the walls, with a warming paint scheme. But, to get a table at this place, one must secure a reservation in advance as there is seating for only about 90 persons. Finally, of course I had to consider price in the evaluation. The majority of the entrees are priced at $25 or less, with several items below $20, while most of the appetizers are $10 or less. Guests can save additional money by avoiding the normal grossly inflated wine list prices by bringing their own vino selections to the table. There is also a nice lunch menu offered with most items at or below $10. On the down side, there is the occasional $30 plus......

Words: 730 - Pages: 3

Strategic Choices and Evaluation

...Strategic Choices and Evaluation Name: Subject: Date Strategic Choices and Evaluation Value Discipline Strategies These are strategies that will allow Vizio Inc. to provide the best offering in their market places by excelling in a specific dimension of value. The company should adopt the best value discipline that is compelling and unmatched and off course one that maintain the threshold standards on other dimension of value. There are three different kinds of value based on the value proposition namely operational leadership, product leadership and customer intimacy (Treacy & Wiersema, 2004). Operational Excellence Vizio Inc. is an electronics company that need to be operational excellent to ensure its definite and rapid growth in all its strategic activities. The company ought to deliver a combination of quality HD entertainment products including home audio systems, high definition televisions, personal computers, tablets and accessories, efficient prices for its entertainment products and also enhance the easiness of purchase that no any other competitor in the market can match. The company should start viewing itself as not a service innovator or product innovator and should also not cultivate one-to-one relationship with the customers. The company should learn to execute extra-ordinarily well and their proposition to their mass customers should be guaranteed low prices and hassle-free services. Vizio Inc. should adopt the four characteristics of......

Words: 1392 - Pages: 6

Strategic Choices and Evaluations

...Strategic Choice and Evaluation Strategic decisions are an important factor to help with growth within an organization. Coca-Cola analysis trends in buying from the consumer in each market unit and provides the products that consumers want. Being able to analysis the trends will help the company to be able to set up goals to be able to grow. This paper will discuss value discipline, generic strategy, grand strategy to help the company realize growth, and a recommendation on what can be done to help the company grow. Value Discipline Value disciplines are a model that was created to describe three generic value that companies can adopt these values are operational excellences, product leadership, and customer intimacy (Business Dictionary website, n.d.). Coca-Cola has recently rolled out the Operational Excellent (OE) Site Lead within all of the facilities. This new position is in place to drive the OE culture, built OE capability, and to deliver the OE vision across the facility. The OE site lead is responsible to provide expertise, training and leadership on Lean Principles and Structured Problem Solving to all employees. Other programs that OE has led to are Total Productive Maintenance (TPM) and Total Quality Management (TQM) Recently Coca-Cola has been rolling out a new program called Total Productive Maintenance. This Total Productive Maintenance is a maintenance program that involves a newly defined concept for maintaining facility and equipment. The goal of the......

Words: 1318 - Pages: 6

Strategic Choice and Evaluation

...Primerica Life Strategic Choice and Evaluation Shauntel Reeves STR/581 April 7, 2014 Charles Millhollan Strategic Choice and Evaluation It is very important for organizations to identify different alternatives in order to continue growing within an industry. Primerica Life is a company that offers life insurance, investments, and financial education. Primerica finds that they are in a very competitive industry and must discover their competitive advantage. The paper will discuss the strategic choices and evaluation that Primerica will need to consider to realize growth in the industry and to achieve long term objectives. Generic Strategy Generic Strategy is “a core idea about how a firm can best compete in the marketplace” (Pearce & Robinson, pg. 195). Primerica must look at the three generic strategies to gain a competitive advantage in the industry. The three strategies consist of low cost leadership, differentiation, and focus. “Advocates of generic strategies believe that each of these options can produce above-average returns for a firm in an industry” (Pearce & Robinson, pg. 195). Focus Primerica will perform best using the focus strategy. The focus strategy is when “a firm targets a specific, often narrow, segment of the market. The firm can choose to concentrate on a select customer group (youths or senior citizens, for example), product range, segment of a market (professional craft persons versus do-it-yourselfers), geographical areas......

Words: 1136 - Pages: 5

The Strategic Evaluation of Lidl

...The Strategic Evaluation of Lidl’s within the UK Market. Submission Date: 26 January 2014 Contents Introduction 3 1. Analysis of the competition faced by Lidl within the UK food retail industry 4 2. The Strategic position of Lidl 5 2.1 Porter’s Generic Strategies 5 2.2 Bowman’s Strategic Clock 6 3. An analysis of the external business environment and how it affects Lidl 7 3.1 PEST Analysis 7 3.1.1 Political 8 3.1.2 Economic 8 3.1.3 Social 8 3.1.4 Technological 8 3.2 Porter’s Five forces Model 9 3.2.1 Threat of New Entrants 10 3.2.2 Threat of Substitutes 10 3.2.3 Bargaining Power of Suppliers 10 3.2.4 Bargaining Power of Buyers 10 3.2.5 Competitive Rivalry within the Industry 10 4. How Lidl adds value to its strategic position 11 5. The sustainability of Lidl’s strategic position 13 6. Conclusion 13 7. Bibliography 14 Introduction The purpose of this report is to carry out a strategic evaluation of the hard discount food retailer Lidl. It will cover the following key items • An analysis of the competition within the food retail industry and the strategic position of Lidl; • An analysis of the external business environment and how it affects Lidl; • An analysis of how Lidl adds value to its strategic position; This will allow for a discussion of how sustainable Lidl’s strategic position is and conclude where Lidl is likely to progress within the UK grocery sector. Research from on-line literature, books and......

Words: 3567 - Pages: 15

Str 581 Week 4 Strategic Choice and Evaluation

...strategies for the organization in order to ensure that the business remains viable. The strategic choice of the organization is critical for the achievement of both short term and long term goals of the organization. Organizational leaders and analysts must therefore conduct a thorough evaluation of various strategic alternatives by analyzing the risks involved, organizational capabilities, external environment, and whether the strategies form a good fit with the objectives and values of the organization. (Peng and Dess, 2013) A good strategy will ensure that the organization operates at its maximum potential and achieves exemplary performance. The strategic approach that the organization adopts will however depend on the organizational culture, organizational structure and leadership style. (Abu-Jarour, 2014) The bottom line is that organizations will design strategic plans that seek to improve customer satisfaction and service quality, gain competitive advantage, improve business processes, attract and retain employees and manage their costs. Strategic Alternatives In developing and adopting a strategic choice, an organization has to put into consideration various strategic alternatives that are crucial in making a decision on which strategy to adopt. An important step in this process includes identification and evaluation of the best strategic alternatives for the organization. Evaluation is done on the basis of suitability, feasibility and sustainability of the......

Words: 1606 - Pages: 7

Str 581 Week 4 Strategic Growth and Evaluation

...STR 581 WEEK 4 STRATEGIC GROWTH AND EVALUATION A+ Graded Tutorial Available At: http://hwsoloutions.com/?product=str-581-week-4-strategic-growth-and-evaluation Visit Our website: http://hwsoloutions.com/ Product Description STR 581 Week 4 Strategic Growth and Evaluation, Introduction Growth is a core objective of many organizations because it leads to increase in sales as well as revenue. However, most companies do not know the right tactics and strategies to follow in order to ensure that they grow successfully. It is also vital for companies to determine the right kind of growth that the company needs in order to meet its objectives. Therefore, involving stakeholders in that discussion in order to make the right decision is very imperative (Marquis, 2010). This paper will discuss the best alternatives of growth using Verizon as an example. Value discipline Value discipline has three forms in which different companies use to define its core objectives. Operational excellence is one of the value disciplines where by the company does not really care much about the product they are offering but the services they are offering in addition to the products. This means that the company has to ensure that all the services they offer are superior to any other company in the market. By so doing, they will be able to attract customers due to the after service they offer the market (Saks, 2009). The company offers customers with products of low prices so as to ensure......

Words: 700 - Pages: 3

Strategic Choice and Evaluation

...Strategic Choice and Evaluation STR/581 July 13, 2015 Strategic Choice and Evaluation The Sonoco Products plant in Memphis, TN has been in business for over 40 years. Many of the operations have been very manual. The plant was just introduced to the new technology of supply chain. Of course many of the productions workers are having being brought up to speed to the new technology. Production workers have the responsibility of entering the umbers into the system in which they produce. It is very critical that the numbers that they enter are accurate. However, in order to assure accuracy, one must understand how the system works. In this industry, it is very important that the workers understand the essence of their job and how critical it is that each worker does their part tot he fullest. To assure long term operation of this plant, strategic choices have been made to ensure successful generic strategy, value discipline, and overall grand strategy for Sonoco Products. Generic Strategy Pearce and Robinson (2013), describes generic strategy as the core idea about how a firm can best compete in the marketplace. Sonoco Products is a company that is always about bettering their customers as well as their employees. There have been several changes made to the process of operations and leadership throughout the business. Value Discipline I am having a little trouble trying to find the right words for this section. Team, I need your comments......

Words: 289 - Pages: 2

Strategic Choices and Evaluation

...Strategic Choices and Evaluation Christel McCrory STR/581 April 23, 2012 Professor Frank C. Bearden Strategic Choices and Evaluation Target Stores Strategic Choice and Evaluation The first Target Store was opened in 1962 by the Dayton Company. Though there were other discount chains in the US at that point of time, many of them do not exist today. Target was able to adapt itself to the changing environment and by 2002; it was the second largest discount retailer in the US (Target.com, 2012) http://www.icmrindia.org/casestudies/catalogue/Business%20Strategy/BSTR164.htm] In June 2002, Target Corporation (Target) had 1,330 retail stores in 47 states of the United States. Even though it only had a fifth of the sales and profits of Wal-Mart, it had a loyal customer base that was looking for a trendy, yet, affordable range of merchandise (Hays, 2002 pg. 2). Target's customers, whom it referred to as 'Guests', were younger and more affluent than that of its rival Wal-Mart | | An early strategic choice to build a brand around the Target name fostered the company's steady growth. From the very beginning, George Dayton's strategy was to position Target as an upscale discount chain at which the prices would be just above the lowest prices. To achieve this upscale image, it offered trendy and stylish goods in an environment that was bright and attractive, unlike other discount stores of the time (HBS Working Knowledge, 2004 para 2). Once a generic strategy is......

Words: 1422 - Pages: 6

Strategic Choice and Evaluation

...* * * * * Strategic Choice and Evaluation Paper * Tanya Gurule * University of Phoenix * STR 581 * Leon Baudot * June 22, 2012 * Strategic Choice and Evaluation Paper * Starting a new company could be a very challenging feat. Finding the right demographic, location, and product could become a very intense endeavor. A comprehensive detailed strategic plan will be needed to ensure a new company’s success. Modesty Apparel Company is no exception to this process. * Mission, Vision, and Value Statement * Modesty Apparel Company is a new store which will cater to the modest women in Denver Colorado, and across the United States on line, and in time. As our name suggests, modesty will provide modest clothing and accessories, as we position ourselves at the top of this particular market. Modesty is the first and only Christian Clothing store in the city of Denver. The intention of Modesty is to obtain 70% market share for the modest women population. We at Modesty intend to provide opportunity to purchase clothes and accessories which make women feel modest, yet be fashionable. What will Modesty Look like? Modesty is a small boutique, which will be based on a familiar setting of many clothing stores. The store front will be placed in a strip mall in the Cherry Creek area of Denver. Upon entering the store, the view to the left is clothing racks filled with modest apparel for the......

Words: 924 - Pages: 4

Strategic Choice and Evaluation

...Buckle, Inc. Strategic Choice and Evaluation Takeisha Gilbert University of Phoenix STR-581, Strategic Planning and Implementation Instructor: Suchitra Veera The Buckle has had the opportunity to experience stability in a fluctuating market. Other organizations within its market have had close stores, file bankruptcy, lay off workers, and change distributors to save cost. It is important to understand the value discipline, generic strategy, grand strategy and rational that was essential in helping Buckle, Inc remain successful during economic hardships. Recommendations for what the organization should implement in future strategic planning will be given. Value discipline The Buckle recognized that in an economy where consumers value quality items but are dealing with decisions to buy based on affordability should always offer layaway services. This service allows consumers to afford expensive brands that express individualism with stress free payment plans. Consumers no longer have to worry about handing over large amounts of money at one time but make timely payments before the end of the layaway period. The value the organization had to offer is (1) high end merchandise, (2) layaway opportunities (affordability), (3) custom screen printing services (customer service option, and (4) alteration service. No matter what a consumer’s wallet may look like it is a realization that he or she can still afford luxury brands with the layaway option....

Words: 994 - Pages: 4