Environmental Uncertainty

  Environmental UncertaintyUnit 3 DB: Environmental Uncertainty We will divide the class up into 4 parts according to your birth month and each part will be assigned an industry as follows: Jan-Mar: Automobile industry (My Birth month Is January) Apr-Jun: Social Media Jul-Sep: Newspaper industry Oct-Dec: Medical Services From the perspective of your assigned industry, what strategic issues have the potential to create environmental uncertainty? Why? De Kluyver, C. A., & Pearce, J. A. (2015). Strategic management: An executive perspective. New York, NY: Business Expert Press. Chapter 3: Analyzing the External Strategic Environment Articles, Websites, and Videos: In this case, you have the opportunity to think critically about the "best" strategic decision for Tata Motors. The study describes the turnaround plan of Tata Motors, a business in the automobile industry. Read about their business model, learn about the automobile industry, and discover the challenges that come along with running a business in this industry. Bodhanwala, S., & Bodhanwala, R. (2020). Tata Motors: Can the Turnaround Plan Improve Performance? Harvard Business Publishing Education. This HBR article is about strategy: what constitutes effective strategic planning and how you can utilize the respective frameworks in your career. Refer to the information about HBR articles in Course Information for details on how to access the article. Sull, D., Homkes, R., & Sull, C. (2015, March). Why strategy execution unravels— And what to do about it. Harvard Business Review, 93(3), 57-66. Jet Blue Organizational Culture and alignment to strategic outcomes. https://www.youtube.com/watch?v=wSZ3IPDmqCg Analyzing the Internal and External Strategic EnvironmentsAnalyzing the Internal and External Strategic Environments productive and capacity written on intertwined metal gears Adapting to changes and doing so effectively can ensure our organization’s sustainability. Changes in the broader economic, technological, political, and sociocultural environment, which often are beyond the control of any single company, can have a profound effect on a company’s success. We will focus on three forces that perhaps have had the greatest impact on strategic thinking. Globalization has increased the interdependence between the world’s major economies and intensified competition in many industries. The technology revolution has changed the way we live, work, and unwind, spawning entirely new industries. Our commitment to corporate social responsibility (CSR) has virtually become a business imperative. In this unit, we will examine how companies utilize opportunities created by globalization, technology, and CSR. Objectives: Examine the external forces impacting changes within our organizations. Analyze internal human capital and technical competencies in response to external factors. Develop a strategic plan to encompass how you will position your organization to compete effectively given the current realities