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Assessment 2: Strategy Formation Type:ReportLength:2000 words maximum | Mini

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Assessment 2: Strategy FormationType:ReportLength:2000 words maximum | Minimum word count 1,850Table of Contents + text in tables and diagrams + Reference List ARE NOT included in the word count.An Executive Summary is NOT required.Weighting: 40% Due date: Sunday 8th May 2022 @ 23:55pm Melbourne timeOverviewIn this assignment we build on the analysis we undertook for Assignment 1. In Assignment 2 we now focus on the organisation. You are required to undertake an analysis of the strategic choices available to our case study organisation and make a recommendation as to which strategy to pursue.Directly related to professional practice in organisations, you will integrate theory with informed strategic choices. This assessment is deliberately designed not only to test what you know, but to also build lifelong learning skills. It has been developed to give you the best possible opportunity to help the organization to survive and thrive into the future. The skills that you will be developing include:cognitive conceptualisation skillscritical thinking and analysis skillscreative application skills.All these are valuable skills you will need in future employment. How well you are able to demonstrate these skills and knowledges will impact not only on you and your group (in terms of a mark) but also has the potential to influence the future of the case study organisation. Your work matters.Learning OutcomesThe targeted Course Learning Outcomes for this assessment are:CLO1: Identify and describe the key components of the strategic management process and how it can be applied in organisations.CLO2: Assess and judge strategic inputs, including the external and internal environment, strategic mission and strategic intent.CLO3: Create a strategy including synthesising appropriate elements of business level strategy, competitive dynamics, corporate level strategy, cooperative strategies and international strategiesCLO4: Examine the relationship between strategic inputs, strategic actions (formulation, implementation and evaluation) and strategic outcomes to design a strategic plan.Assessment detailsRequirements:In this assignment we build on the analysis we undertook for Assignment 1 . In Assignment 2 we now focus on the organisation. You are required to undertake an analysis of the strategic choices available to our case study organisation and make a recommendation as to which strategy to pursue.You are expected to apply the theory and concepts covered in the course and to apply them when conducting an analysis of the strategic choices for Bonza, our case study organisation.ASSESSMENT REQUIREMENTS AND CRITERIA |To fulfil the assessment criteria, your report you should demonstrate you have completed each of these requirements:Analyse the current business-level strategy using Porter’s Generic Strategy and Miles and Snow Strategy typologies. Based on your analysis make and justify a recommendation for the most appropriate future business-level strategy [Rubric Criteria 1].Propose ONE new strategic initiative for the organisation to implement. This initiative can be a major functional initiative, such as marketing, use of technology, product (service) innovation/development, and mergers and acquisitions. Describe the features of the strategic initiative in detail and explain why it is strategic [Rubric Criteria 2].Utilising the SAFe evaluation criteria [see Whittington et al. 2020. Ch. 12: Section 12.3 (Links to an external site.) onward), justify your future business-level strategy recommendation. Provide financial and stakeholder examples . In applying the SAFe criteria you are expected to undertake a high-level risk analysis of the strategy that you are recommending. Identify what the main threats are and the organisation’s vulnerability to those threats [Rubric Criteria 3].Future Directions: Provide a concise overview of future strategy options available to Bonza – a corporate strategy and an international strategy [Rubric Criteria 4].Written assignments must be presented in a professional format (Links to an external site.). Quality of the Report presentation, including the quality of your references and academic writing (Links to an external site.) , will be assessed. [Rubric Criteria 5].Advisory notes for this assignmentThis advice should be read in conjunction with RMIT assessment policy (Links to an external site.) and the course guide. (Links to an external site.)Conduct an extensive information search on the organisation -the Library (Links to an external site.) is a great starting point.Company websites, annual reports, and media reports are important sources of such information, but their objectives, and thus credibility, should be carefully analysed and evaluated.You should apply appropriate theoretical concepts and analytical tools.The assignment should be in report format (Links to an external site.)with a Table of Contents, and numbered headings, sub-headings and page numbers for each section.Limited use of tables or diagrams can be used but only to summarise key points made in the section. Marks will be deducted for extensive writing in tables.Dot points are not permitted.Referencing style: To comply with RMIT’s Academic Integrity policy, you must acknowledge all sources of information used in your assignment. Apply either the RMIT Harvard (or Harvard (Links to an external site.) referencing style if you are using EndNote or Google Scholar (Links to an external site.) citation). Consistent reference style throughout the report is essential.The RMIT Easy Cite referencing tool gives examples and tips on how to reference in the RMIT Harvard style. Refer to the Library referencing page (Links to an external site.) for more tools such as EndNote (Links to an external site.).Assessment Questions?Listen to the weekly lectures as they explain the theories and concepts that are essential for the assignment. In addition, your tutor will discuss the assignment in class and respond to questions.You can also post your question on the Discussions board in Canvas to see if they have already been answered.If you have a Library or referencing related question – get help online through the RMIT Ask the Library (Links to an external site.).SubmissionSubmit your assignment through the Final Submission link in the Assignment 2 page in Canvas. Please note the Turnitin is also embedded in this link for checking the authenticity of your report.Before you submit your assignment undertake the following:Keep a back-up copy of all work on a device other than your computer in case you experience computer problems. IT failure is not an allowable reason for avoiding late penalty or an extension.Use Study help 24/7 -Studiosity (see link in menu) + Study Support Hub and Ask the Library to check your assignment meets the criteriaReference check – check that you have applied the referencing style in a consistent manner throughout the report.Check for plagiarism and similarity through Turnitin – see the Assignment submission link in Canvas. You can submit your paper multiple times through Turnitin. The last submission will be the copy that will be marked.Keep a record or screenshot of your submission time in case this is queried by your tutor.Further submission instructions will be given in the tutorials or through Canvas Announcements.

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