Monday, December 17, 2012

week 6


1.      What is meant by the term "External Analysis"? What is the purpose of PESTLE analysis?

·         The term external analysis study and investigate opportunities and threat that exist in the environment. The procedure of distinguish strength or weakness from an opportunity or threat is to ask (inquiry): Will this issue be exist if the company does not exist? If the answer is 'yes", it could be referred as external to the firm. Opportunities refer to positive conditions in the environment that may perhaps fabricate rewards for the organization if acted properly, which may be the competitive advantage of firm from others whereas Threats refer to conditions or barriers that may prevent the firms from reaching its objectives, which is difficult to control by the firms.
·         There are two types of external analysis. First one is general environment (macro) which examines and investigates the issues like demographic (age, population growth), economic indicators (inflation, GDP Growth, Interest rates), government regulation, etc and second one is industry environment (micro) which examines and investigates the issues like market and consumers, substitute products, the industry, the new entrants, etc What Industry(s) should we as a company be in?  Which industries have the highest profit potential? How can we, as a company, manipulate industry forces to create or enhance our competitive advantage?

Ø  PESTLE analysis is a helpful strategic management tool for understanding the “big picture” of the environment in which the firm is operating. It also helps understanding the risk linked with the market (the need for a product or services) decline or growth, and as such the position, direction and potential for an individual business or organization.
PESTLE Factors are political, Economical, Sociological, Technological, Legal and Environmental. By understanding these environment firm can take advantage of maximizing the opportunities and minimizing the threats of the organization. Different other similar acronyms have been used including STEP, PEST, ETPS and STEEPLE. The term PESTLE is particularly popular on introductory marketing and HR courses in the UK.

The purpose of PESTLE analysis is:
ü  To make the effective Strategic decisions.
ü  To understand the present condition of business.
ü  To look after the future impact of an organization by recognizing the past and present impact of environment factors.
ü  To minimizing the threats and maximizing the opportunities by understanding the PESTEL Factors.
ü  Strategist can identify risk associated with the firm and use their knowledge and ideas to overcome such risks.
ü  For example: Recent rules of traffic of Nepal have been changed that no one can drink and drive vehicles in evening time and the speed cannot be exceed to 60 km in Bhaktapur to Banepa Roadways. Finally number of the accidents was decreased which is a positive sign of country to develop.

Thus, PESTEL analysis is an important and widely used strategic management tool which helps business or firm to understand the external factors.

2.      Read the article about the Big Mart Super Store- What external issues are the supermarkets would have to consider at the time to have competitive advantage over others?

·         As we know Supermarket purchase goods and services to run their operation and resale them in market. Supermarkets should need to understand the customer demands about product and services. Which items is selling more in quantity? What type of discount should we offer to motivate the customers?, etc. To be competitive than others supermarket should need to develop innovate change from time to time. Innovative change may be change in technological, customer responses, managerial or organizational; these thinks should keep in mind to be competitive in the market.

The external issues which supermarket would have to consider at the time to have competitive advantage than others are as given below:

§  Competition from other vendor (competitors)
As we know today’s customers are very clever of selecting the store they first understand the prices differences between one to another store. When competitors sell products and services even $5 lower price than other who sells same product in the supermarket gets affected and become a great challenge for the retailer of supermarket. So to get rid of these supermarkets need to be familiar and monitor different strategies and activities of competitors.

§  Economic viewpoint.
Each economy differs from one another. It is because of purchasing power of the people in the respective country. Supermarket needs to understand economic condition as well as standard of living of the people of the nation. Purchasing power of a particular country or of people determines whether it is pros or cons for selling the goods and services to the supermarket. Hence it is necessary for supermarkets to observe and understand and be familiar to have a competitive position in the market.

§  Political and Legal condition.
Political scenario plays an important role to operate a business in an economy. Favorable political condition means the favorable business environment or vice versa. Political stability increases the purchasing power and standard of living and provides positive impact in the business environment.

§  Balance of Level of demand and supply.
 Supermarket need to think about the level of demand and supply. It is necessary to forecast the demand of the customer, by considering the demand supply should be made, if there is excess supply then we need lots of space to keep the products which decrease the profit margin or if there is excess demand than Supermarket unable to provide the goods and services which is also not beneficial. So, appropriate balance is essential to be competitive in the market.

So, above things needs to be remember and understand to have competitive advantage from others.

3.      Discuss your preparations for the Activity Week field work. Have you arranged to meet your group? Have you been to the Big Mart before? How are you planning to record your data?

·         Yes, I have arranged to meet my group, I have formed a team; we are five members in our group. We went to Big mart in city center, civil mall to gain more information about big mart in Nepal. I have studied the behavior of customer over there, ticket purchasing style.
·         We visited these Big-mart movie hall different times. Most usually we visit city center(Big Mart) located near our college, price of the product and services is economical and quality is good as well.
·         We are planning to record the total number of customer per day, total sales, number of customer who visit most often, etc. I have made plan to visit other Big Mart to gain more information and to present analytically to the class, so that everybody can understand.


References:


1. Daft, R.L., and K.E. Weick. 1984. Toward a model of organizations as interpretation systems. Academy of Management Review 9: 284-295.

2. Dess, Gregory G. 1987. Consensus on strategy formulation and organizational performance: competitors in a fragmented industry. Strategic Management Journal 8: 259-277.

3. Eisenhardt, Kathleen M. 1990. Speed and strategic choice: how managers accelerate decision making. California Management Review (Spring): 39-54.

4. Harari, O. 1994. Beyond the "vision thing." Management Review (November): 29-31.

5.  Lamb, Robert, Boyden Competitive strategic management, Englewood Cliffs, NJ: Prentice-Hall, 1984.

6. Teece, David J.; Pisano, Gary; Shuen, Amy (August 1997). "Dynamic Capabilities and Strategic Management". Strategic Management Journal (John Wiley & Sons) 18 (7): 509–533.|doi=10.1002/(SICI)1097-0266(199708)18:7<509::AID-SMJ882>3.0.CO;2-Z



Tuesday, December 11, 2012

week 5

    1.      Post 3 recent strategy job adverts on your Learning Journal. You can do these as one entry    or three separate journal entries.


 Ø  Three strategy job adverts are:

1.Strategy Manager
Auto req ID: 2014BR
Job Title: Strategy Manager
Country: United Kingdom
Location: London
Function: Advisory Transactions & Restructuring
Service Line: Strategy Group
Service Line Information:
KPMG is looking for a number of exceptional MBA candidates to join their Strategy Groups within London, Germany, Russia and Netherlands
Working as part of this dedicated and newly formed Strategy Group, you will be working through complex and challenging issues facing clients today. You&apos;ll have the opportunity to offer strategic advice on business and operating models across the economic cycle from both an organic and transaction perspective. It&apos;s an exciting time to join this team as we accelerate momentum and growth in our priority sectors and clients with our dedicated strategy practitioners working together, sharing ideas and creating innovative, market leading solutions for our clients.
Job Description:
Roles and Responsibilities
Our consultants travel the world to meet the needs of our global client base and while doing so acquire a broad range of transferable skills. You will join international teams with a vibrant mix of expertise, industry experience and consulting skills with bright individuals who have fun both inside and outside of work.
As a Manager at KPMG you will be responsible for delivering an innovative set of services to meet the needs of our firms&apos; corporate and private equity clients. Your responsibilities will include leading workstreams and co-ordinating junior team members.
Qualifications and Skills
We are interested in receiving applications from candidates who have demonstrated clear leadership skills and commercial talent throughout their academic and working career. We are seeking talented individuals who are able to work at the highest professional standards whilst adding significant value to our clients.
Experience and Background
- A background in consulting at strategy houses, &apos;Big 4&apos; or small/boutique firms

- Exposure to desirable industries including Energy & Natural Resources, Financial services, Consumer Goods/retail, Communication & Media, Automotive, Healthcare and Pharmaceuticals

- In-depth experience in either group, business unit or operational strategy experience such as pricing strategy, sourcing strategy, R&D strategy
- Extensive experience in consulting, strategy, business development or investment banking

- Strong experience managing teams of consultants
- An ability to work with senior Partners to present information to clients in a professional and credible manner
- Demonstrable language skills as well as an international mindset
- Fluent Russian if applying to Russia
Applying with a disability:
KPMG are proud to be an inclusive, equal opportunity employer and we seek to attract and retain the best people from the widest possible talent pool. As a member of The Employers&apos; Forum on Disability we&apos;re committed to ensuring that all candidates are treated fairly throughout the Recruitment Process. Should you be successful after the initial application stage, please discuss with your recruitment contact any reasonable adjustments to our Recruitment Process that you may require.
KPMG&apos;s commitment to diversity:
There is a good reason why KPMG consistently features in the Top 10 of the Sunday Times Best Big Companies to work for! It&apos;s not just the exceptional training, market leading career opportunities and flexible work arrangements that we offer; we value diverse opinions and backgrounds and create an environment that combines your commitments outside of work with your career potential.But, don&apos;t take our word for it, Industry Awards and Recognition page 
Policy for Agencies: KPMG has a commitment to sourcing candidates directly and as such we do not accept speculative CV&apos;s from agencies. Please check here to see our policy on agencies: Policy 
Job Segments: Consulting, Equity, Manager, Strategy, Business Development, Technology, Finance, Management, Sales
Salary: . Date posted: 28/11/2012
Vacancy Summary
Job Type
Any
Location
London, Not Specified
Start Date
ASAP
Duration

Salary
Competitive
Ref No:
225960-5248794
Date Advertised
05 Dec 2012
Applying For This Position
Unless otherwise stated, when applying for a job, you should ensure that you're already authorised to work in the country where the role is located.
Please Note
There is no need to provide bank account details or payment to any person or organisation when applying for a job.
If you have any concerns about this job then please report it to our Customer Service team.

2. Financial Strategy Analyst

Do you have strong analytical and communication skills? Are you good with numbers and keen to work in a fast-paced team environment? And do you have what it takes to deliver solutions that have a real impact on the future of major organisations?
Then it&apos;s time to join Mercer as a Graduate Financial Strategy Analyst.
Mercer is a global consulting leader in talent, health, retirement and investments. Mercer helps clients around the world advance the health, wealth and performance of their most vital asset - their people. Mercer&apos;s 20,000 employees are based in more than 40 countries. Mercer is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global team of professional services companies offering clients advice and solutions in the areas of risk, strategy and human capital.
 As part of our Financial Strategy Group (FSG) you will specialise in delivering strategic financial advice to pension sponsors, fiduciaries and managers. You will deliver advice on pension risk assessment, management and reduction to help clients achieve their own unique risk management objectives.
As an analyst joining the FSG you will work as part of a team supporting more experienced analysts and consultants in a wide range of pension risk consultancy projects. You will help to develop and deliver customised solutions and advice for clients to help them manage pension risk.
As you develop your skills and knowledge, you will take on additional responsibility and you will have the opportunity to enhance your expertise and learn from others as you build a platform for career growth.
Mercer offers a rewarding career environment in every sense. We offer private medical cover, a pension scheme, 25 days holiday (with the option to buy or sell up to five days), income protection and a range of other benefits. But even more importantly, we provide you with exceptional training and development opportunities.
Our graduate roles begin in September 2013 with an 18-month Graduate Development Programme, starting with a residential course. You will quickly acquire the knowledge and skills to move forward in your career while simultaneously studying for the Investment Management Certificate. At that point, you have the choice of going on to study for either the Actuarial or the CFA exams. What&apos;s more, our comprehensive study package will give you the resources and time to succeed at every stage of your development
Key duties include: 
Assists more senior analysts to produce numerical and qualitative analysis in relation to pension risk advice for specific client situations
Works with spreadsheets and various modelling tools to produce detailed numerical analysis of the client&apos;s risk profile and the impact of risk on key financial metrics
Assists in adapting technical modelling tools for specific client situations and deals with technical queries on the modelling methods and tools used
Drafts client documents and presentations that communicate the analysis, key issues, conclusions and recommendations for specific client situations
Works with other Mercer business lines to deliver a streamlined service to clients
Ensures that all professionalism and compliance processes are understood and followed
Qualifications:

A sound mathematical background is essential
A minimum of 300 UCAS points, A level Mathematics at grade B or above with a minimum 2:1 honours degree expected or obtained in any degree discipline. Equivalent qualifications are accepted
Good analytical skills and ability to work through tasks in a logical manner
Ability to work as part of a team and build strong relationships with peers, colleagues and other Mercer businesses
Able to take ownership for work, ensuring standards and deadlines are met and keeping others informed and up-to-date
Able to work well under pressure, with the ability to prioritise and manage multiple tasks
Self motivated, with an eagerness to learn and to keep up-to-date with the market and developments in the pension and investment industry
Ability to balance work, study and personal life effectively
Excellent interpersonal skills; strong oral and written communication skills
Salary: . Date posted: 07/11/2012
Vacancy Summary
Job Type
Any
Location
London, Not Specified
Start Date
ASAPDuration
Salary
Competitive
Ref No:
225960-5225618
Date Advertised
07 Dec 2012
Applying For This Position
Unless otherwise stated, when applying for a job, you should ensure that you're already authorised to work in the country where the role is located.
Please Note
There is no need to provide bank account details or payment to any person or organisation when applying for a job.
If you have any concerns about this job then please report it to our Customer Service team.

 

 

3. Account Director, Digital, strategy,

Account Director, Digital, strategy, London
£40,000-£45,000
Looking to work for the world's largest public relations firm? This is the role for you.

As an Account Director you will have a strong background, experience and interest in digital marketing, you will also have extensive experience in the agency arena with digital communications, social media strategies and execution, and a variety of digital marketing techniques. You will have a proven track record of excellent client service, successful digital campaigns and winning new business is a must. You should also feel at ease managing a team and working with a variety of other stakeholder groups both internal and external.
Specific areas of required knowledge are social networking strategies, from group communications to ad placement and applications for groups, be an online influencer engagement and relationship-building with individuals, over email and in person, and the organization of social media meet-ups for clients, you will have familiarity with SEO / SEM techniques, PPC and ad-buy campaigns for clients, and basic understanding of the web development process, including website strategy what site does a client need for a campaign or strategy, and how is it best delivered?
Your responsibilities will involve leadership and direction of a small team as it relates to client service, new business development, staffing/personnel issues, organizational development, staff training and development, and quality control. Your day to day responsibilities will be to sustain key interface with clients and set the tone for staff in terms of client servicing expectations, conduct a high degree of professionalism and thorough understanding of client/agency relationships, and a solid understanding of how to manage and operate a business and provide leadership in the areas of total account management including day-to-day account activity, media relations and the provision of strategic guidance and counsel to clients that will assist clients in meeting their business objectives. You will also proactively deliver counsel to clients, appropriately staff business projects, creatively develop and create strategic programming, and manage client expectations.
Vacancy Summary
Job Type                    Permanent      
Location                     London
Start Date                   ASAP
Duration        
Salary             £40k - £45k pa
Ref No:                       125085-PCKAPRAD_894483
Date Advertised         07 Dec 2012
Applying For This Position
Unless otherwise stated, when applying for a job, you should ensure that you're already authorised to work in the country where the role is located.
Please Note
There is no need to provide bank account details or payment to any person or organisation when applying for a job.
If you have any concerns about this job then please report it to our Customer Service team.
2.      Discuss these jobs (or you can think about all the jobs from today). What kind of skills and traits do you need to get a job as a strategist? Were there any jobs that you would consider applying for in the future? (Explain why or why not).

Ø  While doing research about different strategy job on internet. I found various job as a strategist. Among them I posted above three job of a strategist. The three posts are strategy manager, financial strategy analyst and account director, digital, strategy.

Strategy Manager:
This job is offered by KPMG Company to the clients. In this job you have to handle complex and challenging issues facing clients today. Strategy manager have the opportunity to present strategic advice on industry and operating models across the economic cycle from organic and transaction perspective, also need to work in a team accelerating growth in priority sectors and clients with company’s dedicated strategy practitioners, working with them, creating innovative and sharing ideas, market leading solutions for their clients.

Financial Strategy Analyst:
This job is offered by Merger Company, who is a leader in talent, retirements and investment. This company helps clients in the world of health, wealth and performance of their most vital assets. The main duty of financial strategy is to provide guidance on pension risk assessment, management and reduction to help clients achieve organization own unique risk management objectives. They also aid senior analyst to produce numerical and qualitative analysis in relation to pension risk advice for specific client situations, works with various modeling tools and spreadsheets to produce detailed numerical analysis and impact on key financial metrics.

Account director, digital, strategy:
Account director, digital strategy have sound interest in digital marketing with experience in agency arena in social media strategy and execution, digital communication, variety of digital marketing techniques. This job also engage leadership and direction of small team as it relates to client service, employment/ human resources issues, new business development, organization development, workforce training and development and quality control. 

There are different skills and traits required to be a strategist some of them are as follows:
·         Good interpersonal skills and the capability to plan creatively and strategically are important traits that you require to enter into the job of strategist.
·         Traits to suit a strategist are ability to plan long-term. In order to help categorize an individual's finances, you have to have a holistic view of the future.
·         Brilliant at consuming and criticizing information.
·         Encompass a wide variety of rapidly changing interests (insanely curious).
·         Seductive: You can’t be a strategist in a bubble. Ultimately, you’ll require moving some pieces just about the board, and that means of getting people passionate about your ideas and project or else controlling them.
·         Amoral, confident, brave as well as technical and non-technical skills required to be a strategist.

I am thinking to apply the primary level strategic job, because entry level job is more likable and understandable and easy to pick up by the job seekers who have no prior experience. At first we need to work at lower level category job, after experience it is easy as well to become a strategist leader. As we know entry level job required bachelor degree, so, it is easier to get this job for me. These jobs also requires different knowledge about IT skills like analysing a data with analytical tools, excel, access, presentation knowledge like PowerPoint which I already have.
That’s why, after passing this institution, i surely apply for entry level job which will really help me to become a strategy leader and become competitive in applying the higher level strategy job in future slowly and slowly.

3.      What do you want to do when you have finished this course? What skills do you want to improve in the next year in order to help you reach your goals?

Ø  In fact, I am studying business administration which means that I want to become an business person and entrepreneur in the future. As we know, we need different knowledge and skills to be a successful business person and strategist. First I review my skills and knowledge and ask with others about my lacking attributes, and improve those which may be:

 ü  Skills to use different software like SPSS, Tally, E Views and others.
 ü  Ability to manage stress and handle conflicts.
 ü  Business Data analysis knowledge like excel, spreadsheets and business intelligence tools.
 ü  Concrete knowledge about researching with using quantitative and qualitative data.
 ü  Different interpersonal, technical, human, conceptual, non-technical skills, etc

4.      Try and post one advert to the blog – try to make sure it’s new and not already posted. Put a note in your learning journal entry if you managed to do this.

Ø  The new advert which is not already posted is:

Strategy Manager for a people orientated role in a niche strategy consultancy – Kathmandu, Nepal
Highly competitive

USAID is currently working on behalf of a well-established and rapidly growing strategy consultancy that solves strategic issues and core business problems for Nepal and other countries and global clients, through a pool of over 400 carefully selected freelance consultants. Their consultants address issues ranging from strategy to operational improvement and change management.

The Partners of the company are shaping the projects together with their long-term clients.

They are now looking for a manager who would work collaboratively with the Client Partners and freelancers to screen and select the appropriate team to work on the project.

For this position you will need to:
- have at least 2-4 years of top tier strategy management consulting background
- enjoy people orientated roles


The main responsibilities for this position:

- Project scoping with the Client Partners

- Selection of the appropriate freelance consultants

- Talent Pool and relationship development


Location:
The candidate will be based in Kathmandu and there is not much travelling involved.

Salary is highly competitive

How to apply:
If you feel you have the right level of skills and experience for this role, please feel free to contact.


To apply by email to this position, please send your CV and covering letter to the following link: