Strategic planning and control Assignment Example | Topics and Well Written Essays - 2000 words - 1

Strategic planning and control - Assignment Example Secondly, you need to realise how to purchases technology and design license. Finally, you must understand how to compare the results between our team and other teams, how to post the final decisions to the CESIM as well. After listening to the teachers explanations, I began to find a way to use CESIM. At the same time, I started to write down some notes about the steps to use the CESIM. After this lecture, I had a preliminary understanding on CESIM. I had a simple plan about how I should do in the first round in the game as well. Combined with the teacher said and I learned before, I thought the most important thing were to increase the production and adjusted the price to the appropriate areas. Although this game is virtualï ¼Å'on the one hand, it helped to practice our skills to use a suitable strategy and control our company. On the other hand, let us know much more about the accounting knowledge, for example we had known the relationship between the demand and supply through the game. The teacher explored growth strategies for businesses, focusing on what a business can do when a market has reached the maturity stage, in order to stay competitive. I learned about the different models that can be used in order to understand what factors would pose risks or opportunities for a business operating in a mature market. At first, the teacher proposed the TOWS Matrix which seemed to be a very simplistic method of examining the firm’s position. I assumed that a competent strategic manager would already understand the firm’s basic competencies and infrastructure without having to conduct such an analysis. However, to build better acceptance of this model, I tried applying it to a real-world organisation, Sony, which was struggling against competition in such a market. Through building a thorough TOWS Matrix for this company, I discovered some issues that I would not have originally considered. I conducted small-scale marketing