lecture 10 industry studies student
DESCRIPTION
L10TRANSCRIPT
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Industry Studies
Topic: Planning for the Future in CGI
Topic Number: 10
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Overview
With the marketplace rapidly evolving, firms operating in the CGI need to constantly re-invent themselves to stay ahead of their competitors.
In this final lecture, we will explore a number of strategic questions firms need to constantly ask and act upon to ensure they maintain a competitive advantage. We will also look at a number of the challenges and issues they may face in conducting operations globally.
We will also look at a number of major consumer trends taking shape that firms operating in the CGI should be aware off.
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Learning Outcomes
• Be able to characterise the key challenges facing the CGI industry
• Determine the key strategic questions firms should consider to plan for the future
• Identify the key consumer trends the CGI should be mindful of
• Assess potential routes these firms can adopt to maximise their competitive advantage
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Developing and implementing strategy
Management is all about managing in the short term,
while developing the plans for the long term
Jack Welsh
Your life will be no better than the plans you make and the action you take. You are the architect and builder of
your own life, fortune, destiny.
Alfred Montapert
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Key questions for CGI firms
• What products and services to sell?
• Where and how to make them?
• Where and how to sell them?
• Where and how to get resources?
• How to outperform the competition?
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Let’s determine a number of megatrends that impact the CGI
Source: http://www.pwc.co.uk/issues/megatrends/index.jhtml
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Let’s get an overview of the key trends
Source: http://www.pwc.co.uk/en_UK/uk/issues/megatrends/issues/megatrends-overview.jhtml
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Let’s get an overview of the key trends
Source: http://www.pwc.co.uk/issues/megatrends/index.jhtml
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Let’s get an overview of the key trends
Source: http://www.pwc.co.uk/issues/megatrends/index.jhtml
• Go through each of the key trends above
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Impacts for Unilever
https://www.youtube.com/watch?v=ZobiigxgCzg
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Impact on the CGI?
Who What
How When
How are the target audiences for
companies in the CGI changing?
Consider the way products are
changing in order to meet consumer and environment needs.
How is the way we deliver products and services to
people changing?
How are the target audiences for
companies in the CGI changing?
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Steps in future strategy formulation
1. Develop Mission Statement
2. Perform SWOT Analysis
3. Set Strategic Goals
4. Develop Tactical Goals and Plans
5. Develop Control Framework
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Chapter 11 - 13
•Purpose•Values •Directions
Mission Statement
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Strengths
Opportunities
Weaknesses
Threats
SWOT Analysis
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Primary Activities
R&D andDesign
Manufacture Marketing DistributionAfter-Sales
Service
Organizational Structure and Culture
Management of Information Systems
Human Resource Management
Supply Chain Management
Supp
ort A
ctivi
ties
Porter’s Value Chain
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•Measurable•Feasible•Time-Limited
Strategic Goals
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Strategic Goals
Daily Activities
Develop tactics
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Strategic Goals
Managerial Processes
Organizational Processes
Control Framework
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What does all this mean for the Coca-Cola company?
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Single Business
Related Diversification
Unrelated Diversification
Corporate Strategy
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Related Diversification
Unrelated Diversification
Strategic Business Unit (SBU)
DifferentiationOverall Cost Leadership
Focus
Business Strategy
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• Differentiation
• Cost Leadership
• Focus Strategy
Three Strategic Options
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What does Apple do?
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Core CompetencyResources
and Supplies
Industry RivalsNew Markets
Finances
Research and Development
Operations
Human Resources
Functional Strategies
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Organisation of the future?
Source: http://www.economist.com/node/21542432
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End of presentation
© Pearson College 2013