• Posted on December 15, 2023
• Vikas Chelani

BSS058-6 Strategy and the Global Competitive Environment Assignment Sample

BSS058-6 Strategy and the Global Competitive Environment Assignment Sample

Slide 1: Introduction

• The external strategic development has to be managed through environmental enhancement.
• Digital technology management has to be analysed by providing ways of managing information technology through business.
• Digital technological enhancement has to be analysed in managing the resources and helps in processing the data.

The strategic development has to be analyzed well and the environmental enhancement has to be managed in a more developed manner which has provided an analysing of digital technology management through better learning. The digital learning enhancement has to be managed well in managing the uses through technology on managing the various kinds of social media platforms in a much better manner on managing the connectivity and development in a more established manner.

Slide 2: Industry Introduction

• Digital technology management allows for evaluating and analysing situations through information performance development in a making better business
• Digital technology allows in managing electronic tools, techniques and procedures for analysing the process of the data
• The importance of digital technology has allowed in managing the digital learning process on managing the processes of the data
• The few key examples of the company are Deloitte, Amazon, Capgemini, Microsoft

The data processing and enhancement of the technological development has to be analysed well on managing the performance on implementing managerial challenges for better performance development on managing the sales and services in a more enhanced manner. The implementation of digital technology management has to be analysed well on managing the potential barriers through the management of the business establishment on managing the services through development (Attaran, 2020). The digital technological development has to be analysed well on managing the digitalisation process which has provided in managing the development of the organisation on analysing the performance through transformational development in a better way.

The challenges and development of the organisation depend on the way the organisational development has to be analysed well on managing the production, sales and services on enabling the performance effectively. Digital technological development depends on the way access to information and better evaluation of the knowledge has to be understood well through effective communication development in a successful manner.

Slide 3: SWOT analysis

Strengths 

• The strengths of digital technology management include the essential assets, skills and techniques for managing the reputation
• The strengths of the industry depend on business management through competition

Weaknesses

• The weaknesses of digital technology management have to manage the digital transformation which requires essential the technological develop
• The weaknesses in managing digital technology management depend on the mismanagement of the industrial enhancement

The strengths and weaknesses of the industry provide a better understanding of organisational development by analysing the internal challenges faced by the company and the way infrastructure development is highly possible. Furthermore, digital disruption has to be analysed well in managing leadership and development in a much more effective manner in managing the capabilities developed through digital development in a much effective manner (Kane, 2019).

The strengths of the industry have to be evaluated well on managing effective business management through competition development on allowing on utilising the global development through better development. Digital transformational management allows managing the data analytics enhancement in managing the development in a much-established manner in increasing effective profitability in a better manner (Himki et al., 2022). The strengths and weaknesses analysis allows an understanding the digital management and developing the company’s enhancement in a much more effective manner through better growth.

Slide 4: Contd…

Opportunities 

• The opportunities the company has in managing the development through business management ahead by providing better data analytical enhancement
• The examination of technological innovation has to be managed through information technological and economic management of the society

Threats

• The change in market disrupts the digital technology management
• The change in the behaviour of the organisation and customers affects the digital technology management

The technological capabilities and management of the technological enhancement in a much better manner through transformation and capabilities development for better adoption and technological capabilities management. The opportunities of the industry in managing the promotion of the products of the company and in managing the company’s development in managing the purchasing of the goods through flexibility and accessibility enhancement. Sustainability management has to be evaluated in a systematic order in making digital readiness through innovation and in managing the digital business model implementation on making effective economic enhancement in a much better way (Bican and Brem, 2020). The company has to be managed in a well-established manner through the identification of the threats which allows for managing the development of the organisation in a much smoother manner. Digital business enhancement has to be looked after well in managing the growth of the organisation on managing better business development in a much-established manner (Linde et al., 2020).

Slide 5: Porter’s 5 forces

Competitive rivals

• The competitive rivalry of the industry are competitors of the industry is high such as the digital transformation and marketing industry

The threat of new entrants

• The threat of new entrants is moderate depending on the new entries such as the various kinds of companies and other industries including technological enhancement industries

Bargaining power of the customers 

• The bargaining power of the customers highly depends on the demand for the products of the company among the customers and the demand of it

The competitive rivalry of the industry has to be analysed in managing the industry development and the way the organisation enhancement has to be looked after the new entrants of the digital transformation and marketing industry. The bargaining power of the customers has to be analysed well in knowing the business enhancement through the understanding of the effective development of the organisation in a much-developed manner. The innovativeness in digital technological enhancement has to be looked after well in managing workforce development through digital technological advancement on managing innovativeness and association enhancement (Mancha and Shankaranarayanan, 2021). The large-scale transformation has to be analysed and helps in evaluating the business enhancement in making better strategies in transforming the business development in a much-enhanced manner (Mugge et al., 2020).

Slide 6: Contd…

Bargaining power of the suppliers

• The bargaining power of the suppliers is low and depends on the suppliers’ management on maintaining the suppliers regularly

Threat of substitutes 

• The threats of substitutes for the industry is low regarding the replacement of the industry development which may pose a threat
• The increase in the prices of the products of the organisation puts the organisational enhancement on affecting the business strategy

The suppliers of the organisation have to be analysed in a much more essential manner by managing the organisational enhancement through the evaluation of the resource development in a much more effective manner. The digital technologies enhancement has to be managed well by analysing the constraints through creative perspectives management for managing better businesses and communities management in a much more efficient way (Leong et al., 2022). The threat of substitutes has to be analysed well in managing the industry development to be analysed well on understanding various kinds of business strategy in better organisational enhancement. Internationalisation has to be managed well through enterprise management through better business trade development for internationalising and strategic development in a more effective manner on making domestic development an efficient manner (Kahiya, 2020).

Slide 7: Key trends

• The key trend in managing digital technology enhancement have to manage the big data analytics
• The implementation of the Internet of Things (IoT) has to manage well on analysing the business for competitiveness and better adaptability

Digital management and better enhancement have to be looked after well in managing the business enhancement in a more established manner for looking after the trends within the organisation which has to be managed well. The exploration of digital development has to be analysed well in managing technological innovation on identifying effective innovation management for growth and enhancement of the organisation on identifying the business in a most effective manner (Sadeghi et al., 2021). The process for the better development of the organisational in a much more effective manner in making transformational enhancement in a much-established manner through effective data technological management on making cultural management. Digital advertising management through IoT has to be evaluated well in managing effective propositions on managing the various kinds of agencies in a more innovative manner in making a better digitalisation process (Lee and Cho, 2020). The data analytics enhancement is a much more efficient manner which allows for managing various kinds of trophies in a much more efficient manner in making better marketing communication.

Slide 8: Cone of plausibility

PESTLE	Explanation
Political	The political situation of the United Kingdom (UK) is quite stable
Economic	The economic condition of the UK is highly stable and managed well
Social	The social situation of the UK is diverse which has provided the people to remain collectively
Technological	The technological enhancement of the company is stable and established well
Legal	The legal measures of the organisation are managed in a more elaborate manner
Environmental	Certain environmental issues are visible within the UK

The political situation of the UK is quite stable which has enhanced in managing transparency through effective corruption management quite well which is proven by the ranking of the organisation which is 18 out of  180 on the transparency index (Transparency.org 2023). The Gross Domestic Product (GDP) of the UK is 3.13 trillion dollars which are quite high for managing the business stability in the market and allowing for maintaining stability in the economic sphere in a successful manner (Data.worldbank.org 2023). The significant policy implementation has to be managed well by analysing the diversity and social cohesion within the organisation on managing the diversity and organisational stability within the organisation through ethnicity enhancement (Migrationobservatory.ox.ac.uk 2023). The technological innovation of the UK has to be managed well through the innovative program which has provided in managing the digital identity through emergent technology on various kinds of trends management making transformative technology (Techuk.org 2023). The various kinds of rights and efficient policies are provided to the company in managing the administrative activities in analysing the acts such as the Equality Act, 2010 and other regulated management in an efficient manner (Uk.practicallaw.thomsonreuters.com 2023). The environmental issues which the company faces such as pollution, and water which has affected the health of the employees in managing the economic costs efficiently (Gov.uk 2023).

Slide 9: Contd…

Baseline 

• The baseline challenge of the industry is regarding the political problems due to the Covid-19 situation which has affected the economic development highly

Plausible 

• The plausible problem has to be managed well through social management that has enhanced well through technological development established well

Wildcard

• The legal development has to be managed well through wildcards on analysing the environmental development effectively

The baseline, plausible and wildcard management has to be managed well which has to be looked after in managing the policies and regulations in a more established manner on managing the challenges of the industry through data analytical development.

Slide 10: Scenario

• Scenario 1- Customer engagement resulting in high sustainability
• Scenario 1 may affect the digital technology management industry by improving customer retention (Abou and Soliman, 2021)
• Scenario 2- Increased labour cost as high quality and low sustainability
• Scenario 2 may affect the digital technology management industry in strategic decision-making for obtaining labour

Scenario 1 for analysing the impact on the digital technology management industry has resulted in determining the imposition of Customer engagement which is determined to have a low quality yet high suitability factor. It is analysed that through the implementation of Customer engagement in the digital technological management market, organisations may be benefited from improving consumer retention in the industry to gain profitability (Abou and Soliman, 2021). In scenario 2, increased labour cost is selected which is determined to have high quality and low sustainability over the impact on the digital technology management industry. According to  Kaasinen et al., (2020), the impact of increased labour costs may negatively impact the profitability of the digital technology industry in the long run which is correlated with the organisation opting for taking strategic decisions in obtaining labour through outsourcing and increases in capital investment. Technology has played a significant role in changing the dynamics of customer engagement, especially in the digital technology management industry which has resulted in improving the market share in the given industry. It this to be stated that both the scenarios presented affect the industry positively and negatively and the impact is felt through the change in the management practices and performance of the industry.

Slide 11: Contd…

• Scenario 3- Disturbing political environment determining high stability and high quality
• In the disturbing political environment, scenario 3 may affect the digital technology management industry with a high employee satisfaction rate (Machado et al., 2019)
• Scenario 4- Cyber security regarding low sustainability and low quality
• The effect of cyber security on the digital technology management industry may halt the business process with the illegal use of confidential data

Scenario 3 is identified in a disturbing political environment that is determined to have high stability and high quality and the effect on the technological digital management industry may be directed to the organisational opposition in the industry. The implementation of scenario 3 may affect the digital technology business through the emergence of new political regulations on the business environment and trade barriers in future. The result of the implementation of scenario 3 may also affect the organisational business policies to be changed and monitored continuously to meet the legal obligations posed. The development of Scenario 4 has resulted in cyber security which is identified to have low quality and low sustainability which may impact negatively on the business process and maintain an optimal reputation. It is to be stated that the effect of cyber security scenario 4 may lead to the digital technology management industry bringing a negative proposition to the business process through the leaking and misuse of confidential data (Huo et al., 2023).

Slide 12: Conclusion 

• The importance of digital technologies has resulted in the positive performance of the industry
• The analysis of internal and external analysis is conducted on the prudence of managing digital technology
• The development of specific scenarios has an immense effect on the industry

The imposition of new digital technologies such as Big Data Analytics and IoT has impacted improving the performance of the industry and has resulted in increasing market growth on a global scale. In this analysis, both SWOT and Porter’s Five Forces frameworks are implemented to determine the environmental structure of the industry. The development of scenarios has resulted in analysing the effect on the digital technology management industry in terms of quality and sustainability.

Slide 13: References

Abou-Shouk, M. and Soliman, M., 2021. The impact of gamification adoption intention on brand awareness and loyalty in tourism: The mediating effect of customer engagement. Journal of Destination Marketing & Management, 20, p.100559.

Attaran, M., 2020, July. Digital technology enablers and their implications for supply chain management. In Supply Chain Forum: An International Journal (Vol. 21, No. 3, pp. 158-172). Taylor & Francis.

Bican, P.M. and Brem, A., 2020. Digital business model, digital transformation, digital entrepreneurship: Is there a sustainable “digital”?. Sustainability, 12(13), p.5239.

Data.worldbank.org 2023. GDP (current US$) – united kingdom (no date) Data. Available at: https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?locations=GB (Accessed: February 13, 2023).

Gov.uk 2023. State of the environment: Health, people and the environment (no date) GOV.UK. Available at: https://www.gov.uk/government/publications/state-of-the-environment/state-of-the-environment-health-people-and-the-environment (Accessed: February 13, 2023).

Himki, A., Ramadhan, T., Durachman, Y. and Pramono, E.S., 2022. Digital business entrepreneurship decisions: An e-business analysis (a study literature review). Startupreneur Bisnis Digital (SABDA Journal), 1(1), pp.107-113.

Huo, H., Guo, J., Yang, X., Lu, X., Wu, X., Li, Z., Li, M. and Ren, J., 2023. An Accelerated Method for Protecting Data Privacy in Financial Scenarios Based on Linear Operation. Applied Sciences, 13(3), p.1764.

Jafari-Sadeghi, V., Garcia-Perez, A., Candelo, E. and Couturier, J., 2021. Exploring the impact of digital transformation on technology entrepreneurship and technological market expansion: The role of technology readiness, exploration and exploitation. Journal of Business Research, 124, pp.100-111.

Kaasinen, E., Schmalfuß, F., Özturk, C., Aromaa, S., Boubekeur, M., Heilala, J., Heikkilä, P., Kuula, T., Liinasuo, M., Mach, S. and Mehta, R., 2020. Empowering and engaging industrial workers with Operator 4.0 solutions. Computers & Industrial Engineering, 139, p.105678.

Kahiya, E.T., 2020. Context in international business: Entrepreneurial internationalization from a distant small open economy. International Business Review, 29(1), p.101621.

Kane, G., 2019. The technology fallacy: people are the real key to digital transformation. Research-Technology Management, 62(6), pp.44-49.

Lee, H. and Cho, C.H., 2020. Digital advertising: present and future prospects. International Journal of Advertising, 39(3), pp.332-341.

Leong, C., Tan, F.T.C., Tan, B. and Faisal, F., 2022. The emancipatory potential of digital entrepreneurship: A study of financial technology-driven inclusive growth. Information & Management, 59(3), p.103384.

Linde, L., Sjödin, D., Parida, V. and Gebauer, H., 2020. Evaluation of digital business model opportunities: a framework for avoiding digitalization traps. Research-Technology Management, 64(1), pp.43-53.

Machado, C.G., Winroth, M., Carlsson, D., Almström, P., Centerholt, V. and Hallin, M., 2019. Industry 4.0 readiness in manufacturing companies: challenges and enablers towards increased digitalization. Procedia Cirp, 81, pp.1113-1118.

Mancha, R. and Shankaranarayanan, G., 2021. Making a digital innovator: antecedents of innovativeness with digital technologies. Information Technology & People, 34(1), pp.318-335.

Migrationobservatory.ox.ac.uk 2023. Immigration diversity and social cohesion (no date) Migration Observatory. Available at: https://migrationobservatory.ox.ac.uk/resources/briefings/immigration-diversity-and-social-cohesion/ (Accessed: February 13, 2023).

Mugge, P., Abbu, H., Michaelis, T.L., Kwiatkowski, A. and Gudergan, G., 2020. Patterns of digitization: A practical guide to digital transformation. Research-Technology Management, 63(2), pp.27-35.

Techuk.org 2023. Tech and innovation (2022) The UK’s technology trade association. Available at: https://www.techuk.org/tech-and-innovation-programme.html#:~:text=techUK’s%20Technology%20and%20Innovation%20Programme,such%20as%20quantum%20and%20RPA. (Accessed: February 13, 2023).

Transparency.org 2023. United Kingdom (no date) Transparency.org. Available at: https://www.transparency.org/en/countries/united-kingdom (Accessed: February 13, 2023).

Uk.practicallaw.thomsonreuters.com 2023. Regulation of the legal profession in the UK (England and Wales): Overview (no date) Practical Law. Available at: https://uk.practicallaw.thomsonreuters.com/7-633-7078?transitionType=Default&contextData=%28sc.Default%29&firstPage=true (Accessed: February 13, 2023).

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