Assignment on exploring business strategy module

Introduction of exploring business strategy module

The project is about an assignment of exploring business strategy module. In this assignment, two main sections are stated with different questions to be answered. The project proposal is based on this assignment project. In this present work, three main sections are developed which includes deliverables, the proposed plan for project and timeline. In these sections, a plan is proposed that will be used to complete this project and accomplish all project deliverables within the allotted time slot.

Deliverables of exploring business strategy module

            The project deliverables are the planned final outcomes of a project. Project deliverables are also known as the results of processes or activities done in a project to meet the pre-defined goals and objectives. The project deliverables regarding this assignment are classified into two main sections [A and B]. The key objective of this project is to provide a plan regarding the completion of assigned tasks. The list of deliverables for this project is presented below:

1)      The first project deliverable is to write key steps about the process of strategic management

2)      The project deliverable is to highlight indicators of strategic failure and decline

3)      Writing a description of value chain activities of a banking institute is the third main deliverable of this project.

4)      Another project deliverable is to provide a brief comparison of implementation strategies in the global and multinational companies for the businesses going into international business.

5)      The project will also deliver information about the low cost business strategy and its possible benefits for the companies regarding competitive advantages.

6)      Although, the project will also provide information about HSBC and McKinsey's 7S framework.

The above stated all project deliverables are must be accomplished within the project deadline to earn success. Failure to meet the deadline or accomplishment of these deliverables will represent an overall project failure.

General Overview of Proposed Plan

The general overview of the proposed plan is discussed here in detail. The project mainly aims to complete the assigned tasks in section A and B. These tasks will be completed in sequence, starting from question 1 and question 2 of section A. However, after the completion of section B will be started. In section B, only question 4 will be completed with relevant subparts. Although, before starting these questions initial knowledge and understanding will be developed to earn higher grades in assessment. A general proposed plan for all activities is stated below. In this proposed plan all major activities are presented that are required to complete this project in the desired manner. Moreover, the following activities will be done in the same sequence or order as stated below.  

1)      Understanding Learning Objectives

In this activity, I would understand the key learning objectives of this by reading the whole assignment and stated objectives in detail.

2)      Developing Goals for Project Completion

After understanding the learning objectives, some realistic and smart goals will be developed. These goals will provide a guideline for aligning all activities with the main objectives of learning.

3)      Learning new concepts

Now the next proposed activity regarding this project is to learn new concepts by reading relevant literature, course materials, and text-book.

4)      Understanding complexities and both sections

Now the next activity is to understand the complexities of this project. Identified complexities will be reviewed in the light of literature to reduce chances of inaccurate answers for the assignment questions. Moreover, both sections will be reviewed to develop an understanding of the project. A brief understanding of both sections is presented below:

Section A: Section A is a compulsory section. In this section, two descriptive questions are required to be answered. The question one is about steps in the process of strategic management and indicator of strategic failure in an organization. While question two is again consist of two parts. One of which is about value chain activities in banking institute. However, the second question of question two is regarding the comparison of implementation strategies. In this question, the answer will be based on a company that is going into international business.

Section: B: Section B is consist of three major questions from which anyone question can be answered. The selected question in section B is question four. This question is about the evaluation of an organization to understand the role of low cost business strategy in building competitive advantage. According to research, businesses can stand against the competition by lowering their prices as it can attract more customers. Thus considering this, some examples will be stated about the possible impact of low cost strategy on the competition. Moreover, this section is also contain information about HSBC and evaluation of organizations such as a bank.

5)      Discussion with supervisors

The identifies complexities and issues will be also discussed with the relevant supervisor to reduce the chances of ambiguity in this assignment work.

6)      Writing answers to the questions

Writing answers to the questions are the almost final step. Following the proposed project plan, all answers will be written with relevant research materials and references.

7)      Final review

The next task is to review the final solution before submission. In this task, formatting and accuracy will be checked before finalizing the project solution file.  

8)      Submission

Following the proposed project plan, the last task is submitted final solution.

Timeline for Completion

The following timeline represents the time allocated for each activity in the project.

Conclusion of exploring business strategy module

              The whole discussion concludes that the project has several deliverables about assignment questions. These deliverables are required to be accomplished within the allocated time duration to ensure completion of the project in the desired manner. Summarizing, the project section A has no choices and it contains two compulsory questions. However, in section B open choice is available for the selection of questions. The selected question four is about the evaluation of organizations and HSBC in banks.