Describe the different issues related to environmental scanning, strategy formulation, and strategy implementation in diversified organizations- CLO2
Explain the contribution of functional, business, and corporate strategies in the competitive advantage of the organization-CLO3.
Distinguish between different types and levels of strategy and strategy implementation-CLO4
Communicate issues, results, and recommendations coherently, and effectively regarding appropriate strategies for different situations-CLO6
Read carefully case No 8 from your textbook (entitled ‘iRobot: Finding the Right Market Mix?) and answer the following questions: (1 mark each question)
Draw the SWOT matrix of the iRobot company.
What is the competitive strategy used by iRobot company?
Use the five forces of the M. Porter matrix to describe the robot-based product industry.
Describe the different functional strategies of the iRobot company.
Describe the relationship of iRobot with its primary stakeholders.
Describe the core competency and the outsourcing strategy of iRobot.
What kind of strategic alliance is used by iRobot? Why does iRobot choose it?
What are the main challenges that iRobot faces?
Assess the competitive advantage of iRobot on its market.
Recommend solutions for iRobot to improve its competitive advantage.
Kindly be accurate and brief when answering the questions.
You are required to use the terminology used in your course.
Copy/pasting the phrases from the text is not acceptable. You must use your own words.
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