instruction
Strategic management project questionnaire
Interview Questions
- Industry Situation
- What industry are you operating in?
- What are the products within the industry?
- Who were the first entrants to the industry?
- Who were the key competitors in the industry in the beginning and who are the key competitors now?
- What are the characteristics of the industry according to:
- Types of competition (e.g. monopoly, oligopoly, perfect competition and others)
- Customer characteristics
- Profit/volume of business
- How fast are the above characteristics of the industry changing?
- How fast is the industry growing and how big is the industry?
- What are the driving forces (e.g. internet, globalization, technology, or others) that affect the industry?
- What are the key success factors of the industry? (e. g. Economic growth, Industry growth, openness to international markets, access to technology, access to resources at low prices, etc.)
- How strong is the competition within the industry?
- How do the five competitive forces (suppliers, buyers, new entrants, existing rivals and substitutes) operate in the industry? Do these forces present opportunities or threats?
- What are the (major) issues within the industry?
2.1. Company Situation
- Who established the company and when was it?
- What was the legal form of the company (sole proprietorship, partnership, private limited, or public limited) and has it changed through time or is it still the same?
- Who are the main competitors of the company?
- What was the number of branches when it was established and how many branches are there now?
- What is the geographic coverage of the company?
- Domestic (partial/entire)
- Regional
- International
- How strong is the reputation of the company, in these regions?
- What are the major events (developments) that occurred to the company since its establishment?
- What is the status of the sales of the company? Compared
(1) To itself in the past, and
2) To other competitors in the market
- Are the sales/profits on an increase each year?
- Are the returns on investment of the company on an increase?
- What are the main problems and strategic issues that are faced by the company?
2.2. Current Strategic posture of the Company
- What has been the performance of the company over the past three years?
- In terms of marketing performance
- In terms of financial performance
- Does the company respond to the changing external forces and how fast does it respond?
- What are the current vision and mission of the company?
- What are the current goals and objectives of the company?
- What is the current corporate strategy of the company for growing its business?
- Growth strategy
- 1 Concentration –Vertical/Horizontal integration?
- 2 Diversification–Related / Unrelated?
- Stability strategy (if, any)?
- Retrenchment strategy (if, any)?
- Other strategies, if any?
- What is the competitive approach (business strategy) of the company?
- Low-cost leadership (over-all low cost or focused low-cost) strategy
- Differentiation (broad differentiation or focused differentiation) strategy
- Best cost provider strategy (Good quality products at neither high nor low but affordable prices)
- Anything special about the different functional strategies (e.g. Marketing, Finance, Production, HR, R&D, MIS, etc.) that give competitive advantage for the company?
- What is the corporate culture of the company?
- SWOT Analysis
3.1a. External PEST Environment
PEST
Opportunities |
High |
Mode-rate |
Low |
Comments
(Specify the reasons for the rating) |
Scope for expansion of current products in the current markets | ||||
Scope for adding more products to current product line | ||||
Scope for expansion into new geographic areas/markets | ||||
To extend brand name/image
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Scope for transferring skills to new products | ||||
Openings to exploit new technologies | ||||
Acquisition or merger of rivals | ||||
Take market share from rivals
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Any other PEST (Political/Legal, Economic, Social, or Technological) opportunities |
PEST
Threats |
High |
Mode-rate |
Low |
Comments
(Specify the reasons for the rating) |
Economic changes that can affect the company negatively | ||||
Slowing market growth | ||||
Reduced buyer needs for product | ||||
Social/Demographic changes that can affect the company negatively | ||||
Costly new regulations | ||||
Threat of new technologies | ||||
Any other PEST-related threats |
3.1b. Industry environment
- How strong are the rivals within the industry?
- How strong are the entry barriers?
- Are there any substitute products and are they placing any threats?
- Do the suppliers have a strong bargaining power over the company?
- Do the customers have a strong bargaining power over the company?
High |
Mode-rate |
Low |
Comments
(Specify the reasons for the rating) |
|
Increasing competitive pressures from rivals | ||||
Growing leverage (bargaining power) of customers | ||||
Growing leverage (bargaining power) of suppliers | ||||
Threat from entry of potential new competitors | ||||
Loss of sales to substitutes |
3.2. Internal environment
internal
Strengths |
High |
Mode-rate |
Low |
Comments
(Specify the reasons for the rating) |
Powerful corporate/business
strategy |
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Capable management team | ||||
Good management practices | ||||
Good organizational culture
|
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Alliances or cooperative ventures with capable partners | ||||
Strong financial position | ||||
Strong brand name image/reputation | ||||
Market leadership position | ||||
Strong advertising | ||||
Good customer service | ||||
Cost advantages | ||||
Advanced production technology | ||||
Better product quality
|
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Product innovation skills | ||||
Proprietary technology | ||||
Superior R&D facilities | ||||
Wider use of MIS within the organization | ||||
Superior Human Resource practices | ||||
Any other internal strengths |
internal
Weakness |
High |
Moderate |
Low |
Comments
(Specify the reasons for the rating) |
No clear strategic direction | ||||
Weak marketing skills | ||||
Narrowness of product line | ||||
Falling behind in R&D | ||||
Missing some key skills/competencies | ||||
Higher overall costs than rivals | ||||
Weak balance sheet; excess debt | ||||
Internal operating problems | ||||
Any other internal weaknesses |
- sfas matrix
- Recommendations
- If the company wants to rewrite or change its vision and mission what will be:
- The new vision, and
- The new mission?
- Is the company satisfied with its current goals/objectives or does it want to rewrite them? What could be the new set of future goals/objectives of the company?
- Does the company have any thoughts of deciding on new strategic alternatives and, if so, what are they at the following levels:
- Corporate level
- Business level
- Functional level
- How could these new strategies be implemented?
- On what basis would these new strategies be evaluated and how would the company be able to control them?
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Strategic Management- Project
Report Format
- Introduction
- Industry situation -History, development, current issues
- Company situation -History, development, present problems
- Present strategic posture -Vision/Mission/Goals/Objectives/Strategies/ Structure/ Culture
- SWOT Analysis
Internal environment analysis
Internal environment analysis
- Recommendations
Review vision/mission
Review goals/objectives
Strategic alternatives (Corporate, Business, Functional-level)
- Strategy Implementation
- Strategy Evaluation and Control Standards
- Appendices
- References