3. Research Question (1)
The research question aligns with the three banking institutions chosen for the UK market. The research question is vital since it guides the researchers to stick to the topic during the gathering and analysis of data. The research question is: ‘What is the present state of the UK banking industry given that many closures are happening?’
Assess if the organization’s current HRM practices/strategies in training and development are helping the organization overcome the challenge you have identified in Term Project Part A Item 3. Explain.
Identify hardware and software problems in its products and services.
Evaluate the production and product quality at Microsoft Inc.
Identify the root causes of problems (Francisco et al., 2020).
Describe the nature and role of an internal assessment
in formulating strategies.
Discuss the nature and role of management in
formulating strategies.
Discuss the nature and role of marketing in formulating
strategies.
Discuss the nature and role of finance and accounting
in formulating strategies.
Discuss management information systems (MIS) in
terms of formulating strategies.
Explain how to develop and use an Internal Factor
Evaluation (IFE) Matrix.
Does the firm use strategic-management concepts?
Are company objectives and goals measurable and well
communicated?
Do managers at all hierarchical levels plan effectively?
Do managers delegate authority well?
Is the organization’s structure appropriate?
Are job descriptions and job specifications clear?
Is employee morale high?
Are employee turnover and absenteeism low?
Are organizational reward and control mechanisms
effective?
Are product quality and customer service good?
Are the firm’s products and services priced appropriately?
Does the firm have an effective promotional strategy?
Is the firm’s Internet presence excellent as compared to
rivals?
How has each ratio changed over time?
How does each ratio compare to industry norms?
How does each ratio compare with key competitors?
Where is the firm financially strong and weak as indicated
by financial ratio analyses?
Can the firm raise needed short-term capital?
Can the firm raise needed long-term capital through debt
or equity?
Does the firm have sufficient working capital?
Are capital budgeting procedures effective?
Are dividend payout policies reasonable?
Does the firm have excellent relations with its investors
and stockholders?
Are the firm’s financial managers experienced and well
trained?
Is the firm’s debt situation excellent?
Describe the nature and purpose of an external
assessment in formulating strategies.
Identify and discuss 10 external forces that impact
organizations.
Explain Porter’s Five-Forces Model and its relevance in
formulating strategies.
Describe key sources of information for identifying
opportunities and threats.
Discuss forecasting tools and techniques.
Explain how to develop and use an External Factor
Evaluation (EFE) Matrix.
Explain how to develop and use a Competitive Profile
Matrix (CPM).
What are the strengths and weaknesses of our major
competitors?
What products and services do we offer that are unique in
the industry?
What are the objectives and strategies of our major
competitors?
How will our major competitors most likely respond to
current economic, SCDE, political, governmental, legal,
technological, and competitive trends affecting our
industry?
How vulnerable are the major competitors to our new
strategies, products, and services?
How vulnerable is our firm to successful counterattack by
our major competitors?
How does our firm compare to rivals in mastering the
social-media conversation in this industry?
To what extent are new firms entering and old firms
leaving this industry?
What key factors have resulted in our present competitive
position in this industry?
How are supplier and distributor relationships changing
in this industry?
What was the Berlin Wall and how did it fall?Discuss. https://www.iwm.org.uk/history/what-was-the-berlin-wall-and-how-did-it-fall (Links to an external site.)
Jones, G. R., & George, J. M. (2021). Essentials of contemporary management (9th ed.). McGraw Hill.
UChannel. (2008, July 28). The world is flat [Video]. YouTube.
https://www.youtube.com/watch?v=UcK3b9qlBfk&t=944s (Links to an external site.)
Describe the differences between job enlargement and job enrichment.
What are the five characteristics of jobs to consider in job design?
Would This Company Benefit From Expansion ?Discuss
Generic Strategy Recommendations Given what you have learned from your internal and external analysis of the organization, are they pursuing the right strategy?
If so, why? If not, what might you recommend? Is the recommended (or current) strategy the right “fit” for the environment in which the organization competes? Be sure to select one of Porter’s three generic strategies and provide your rationale: Cost Leadership, Differentiation, or Focus.
Organization Design Recommendations Is the organization optimally designed (structured) for either your recommended or their current strategy?
For example, if they are pursuing a Cost Leadership strategy, do they have a low-cost operating model? The objective here is to determine and demonstrate the degree of “fit” between strategy and structure.
Ethical Considerations What are some of the ethical considerations for your recommended (or current) strategy? Is the organization positioned for long-term sustainability?
Are there issues which may ultimately affect the organization’s ability to attract and retain talented employees or maintain the credibility of their brand? Are there potential ethical dilemmas in executing any recommended changes? The need to potentially layoff thousands of workers or stop paying for benefits such as healthcare to lower operating expenses, for example?
The Sustainable Project Management during crisis and pandemics – Nonprofit Organizations (case Study of Iraq):Discuss?
