Related questions
Scenario:
Tech Products Inc. is one of the world's leading technology companies known for its innovative
products, including the TechPhone, TechPad, Tech computers, and software services. At present,
Tech Products Inc. is now facing significant challenges in an evolving industry landscape due to
increasing competition and the introduction of similar products on both the local, regional and
global markets. The company is aware that internal and external drivers play a crucial role in
shaping the strategic direction and overall performance of an organization, and that to remain
relevant they must be able to understand and respond to these drivers in an effective manner. To
assist them in formulating a comprehensive strategy that can help the company navigate the
complex business environment it faces, Tech Products Inc. has hired you as a Strategic
Management Consultant.
Further to an initial meeting with Management, it was ascertained that Tech Products Inc. has not
been keeping abreast with the changes in the external operational environment and did not analyze
this against their current environment. Whilst they are aware that there are internal and external
tools which can assist, they have no idea how to use them to their benefit. They are aware however
that the current business strategy needs to urgently be reviewed to one which focuses more on
design, user experience, and premium pricing to help set them apart from the competition. There
is also a need to review the current global strategy to ensure that the company is reaping the best
possible benefits, allowing the organization to capitalize on opportunities, manage risks
effectively, and create a robust foundation for long-term success. Their current organizational
structure is one which organizes its workforce by function, such as design, engineering, marketing,
and retail, which to date has worked well, but they are now unsure if it is serving their needs. The
company has been approached by various companies in the past who wished to create strategic
alliances, but due to its top-ranking position in the market did not feel it was necessary at the time.
Management is currently rethinking this position and requires some guidance as they aim to
enhance their organisation and expand their market reach.
Questions
1.Clearly identify and justify one (1) type of alliance from the
scenario, that Tech Products Inc. can form to enhance its organization and expand its
market reach. Recommend an example of a company locally or regionally that the
company can partner with, justifying your selection. The name of the organization must
be clearly stated
2. Identify and discuss by completing a thorough analysis of Tech Products Inc. one (1)
internal tool that Tech Products Inc. can use to assess its
internal environment to enable management to capitalize on organizational strengths
while minimizing organizational weaknesses
Step by stepSolved in 4 steps
It is important that the company understands and identifies the uncontrollable forces in
the broad environment which impact their business strategic position. Apply one (1)
external tool, as discussed in the course, to the operations of Tech Products Inc., as
discussed in the scenario. Students are asked to refer to their own country when
completing where required
It is important that the company understands and identifies the uncontrollable forces in
the broad environment which impact their business strategic position. Apply one (1)
external tool, as discussed in the course, to the operations of Tech Products Inc., as
discussed in the scenario. Students are asked to refer to their own country when
completing where required
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