Individual Reflective Report - Essay Example

Strategic Management Individual Reflective Report Full of Number and Outline Introduction 2 Team Role 2.1 Individual’s role in the group 2.2 My role as the group coordinator 3.0 Strategies 3.1. Strategy management of Vassal Mobile Company group 3.2. The factors affecting the set strategies of Vassal group company 4.0 Conclusion Individual Reflective Report 1. Introduction The reflective report will give an evaluation of our group strategy-making and performance over the course period. The evaluation aims to explore strategic patterns and outcomes, highlighting the approach to strategic decision-making adopted within the group in its handling of strategic issues and tensions like puzzle, dilemma, trade-off or paradox. The report also refers to the core module materials in our discussion. The core module materials refer to attachment and referencing requirements. The report has evidence of strategy, leadership, and significant learning related to strategy and career future. It also includes team behavior, coordination in the group. Good planning, monitoring, evaluating, and enhancing the contribution of the group by setting up comprehensible links between the past, present and future plans and development results. Monitoring and evaluation helps the group to extract information from the past and present, which are used as a basis of pragmatic, fine-tuning, reorientation and future planning (De Wit & Meyer 2010). Effective planning helps to establish whether the group work is progressing, moving in the right direction and whether success can be acclaimed in the future. 2.0 Team Role 2.1 Individuals role in the group (a) The group acting product manager The product manager takes the role of comprehending the market demands and trends and aligning those demands to the roadmaps of Vassal Mobile Company. (b) Business development and strategy coordinator Business development and strategy coordinator has the responsibility of product strategy and development of business. The strategy coordinator ventures in startup funded, concentrating on intelligent mobile optimization and delivery solutions (De Wit & Meyer 2010). The coordinator in strategy and development in global business defines and drives the vision, needs and roadmap of the product, leading to a vital design win from a competing mobile business operator. (c) Technology officer The technology officer has the role of product innovation and development of its technology as Vassal Technology Officer. The technology officer concentrates on progressive technology products growth and ensuring they are successful to global new markets (Fleischer & Bensoussan 2004). 2.2 My role as the group coordinator As the group chairman, I coordinate the company’s business growth and guide the strategic direction (Fitzroy & Hulbert 2005). I lead and make prosperous technology of the company in the area of Distribution of product, Cable, Mobile and industries of Semiconductor. I lead venture, estimate funds of providers of hardware/software infrastructure concentrating on management of the rich media. I lead innovation and technology development of product as coordinator of Vassal Technology group. In this way, my focus is on creating progressive technology product and to successfully bring these mobile products to new markets. As the team coordinator, I ensure there are markets of Cable, Internet and Enterprise, as they have grown in the rich media growth. It is through this process that I have comprehended the main technology and drivers of the market and have realized how multiple companies tackle the challenges. 3.0 Strategies 3.1. Strategy management of Vassal Mobile Company group Vassal company experience in sales and marketing, as an initial technology in old and present day media, has set the goal of acquiring 500 clients consisting of the present media, social TV and marketing through the internet. The leading company teams build infrastructure technology in platforms of retail and network while developing experiences of brands providing results of quantity at the end. As the company group, we have an idea of launching the product like new media and mobile products having different global role in marketing, sales and support (Fitzroy & Hulbert 2005). The group company (our group) has technologies and tools to stay online on Internet for a long time. For example, developing smaller groups and establishing traditional connections, mobile, tools of new and social media like face book, Twitter, and also widgets (Fleischer & Bensoussan 2004). 3.2. The factors affecting the set strategies of Vassal group company High sustainable economic development is termed as a vital factor for changing life quality and poverty eradication (De Wit & Meyer 2010). It is the result of improved economies standards of living. A high rate of growth and increased competitive economy is the group urgent issue of global security due to being imperative for job creation sustainability, generation of income and poverty eradication. The group in this respect gives a framework of encouraging development and competiveness. The group analyses the proposed design and plans of the main economic growth and competitiveness drivers in the mobile industry. It also establishes a particular way of enabling the group company to overcome its historic or present day challenges like political tensions and war. The group has the plan to enhance dialogue among its global markets and experts concerning development and competitiveness. Through the group dialogue and reaching a consensus, there is hope of the government formulating and implementing a strategy for high growth in the mobile sector (Chia & Holt 2009). This growth will be realized in both the local and the global markets like USA, Asia and Europe (Fleischer & Bensoussan 2004). Resource Scarcity is a major setback in the accomplishment of the group objectives. For example, the oil crisis leads to a resources struggle with scarcity in the resource of oil. It signifies a major resilience shortage: it is prone to highly priced products composed of poor long-term investment, risky decisions in policy making and a lack of response to the impending crisis signs. However, there is a functioning response loop, as shortage underestimates the country immune system that languishes for a long period on the vital list. Scarcity leads to economic damage, where the government energy crisis loss is at 2% in any one financial year (Chia & Holt 2009). Indeed, energy crises have a big responsibility of shaking the economy due to fast growth experienced in the past years. A big growth is never possible given the decreased energy access as this has reduced the poor and middle class living standards. Moreover, no indication of economy freeing from the resource scarcity shackles and even in the future. There is the risk of inhibiting the local market growth to the global market due to the rise in global mobile product prices (Fleischer & Bensoussan 2004). The group considered the present day challenges and urgent needs experiences in the globe show. It is a crisis time, following an eroding flood coupled with concerns in security dominating the agenda of the nation, making the demand to adjust the discourse of the development of the country becoming real. Tactics of reacting to this as well as the external aid dependency are not effective solution in realizing the Vassal company group’s potential considering its past performance. Development with sustainable growth is possible from projects, no matter the dedication or purpose (Fleischer & Bensoussan 2004). Approach to growth and development is required, which includes building markets, opportunity, cities, and good governance. Examples of good governance are in the youth as they constitute the greatest percentage of the mobile product users. The group has been successful in articulating a plan to help secure a good market for the mobile products. Over the past 5 months, the group has created a growth strategy with the goal of creating future space in the nation. The strategy approach is getting rid of the long-term investments obstacles with high capability of providing the needed services to a population with youth as the majority and a high growth rate. This is done through giving support to the entrepreneurs as they create high-growth companies with a lot of innovation (Chia & Holt 2009). This is possible in the midst of the challenges of new business and existing firm’s dominance. It implies gradually reshaping the cities of the nation as their creativity focus point, rather than conflict flashpoints. It involves developing support techniques and strengthening the workers being pushed by big intentions and tackling inertia of the institution. 4.0 Conclusion In conclusion, it is worth noting that a country can change from an old economy with a focus on the industry in mobile technology to a modernized economy focusing on entrepreneurship. This change is only possible following political government entities maturing completely. The group discovered political entities in a nation mature when the economy is able to produce many sustainable based opportunities. The nation political stability and security are the results of social growth enhanced by entrepreneurship, competition and rising social trust levels. The short-term stability of the government acting to solve this underestimate dynamism in the economy and competition of a less successful nation as this makes the product to be insecure and unstable. By acting at the right time to promote competition, ensuring entrepreneurship, and limiting costs of transactions, the government can enhance the innovation needed in business to give vital products to local and international citizens, enhancing domestic markets developments, and leading to economic growth with sustainability. Through this, it will be possible to achieve a variety of development in the society and understand the potential of the country for a long time (De Wit & Meyer 2010). References Chia, H & Holt, R 2009, Strategy without Design: the Silent Efficacy of Indirect Action, Cambridge University, Cambridge. De Wit, B & Meyer, R 2010, Strategy: Process, Content, Context, An International Perspective, Sage, New York. Fitzroy, P & Hulbert, M 2005, Strategic Management: Creating Value in a Turbulent World, John Wiley & Sons, Chichester. Fleischer, CS & Bensoussan, E 2004, Strategic and Competitive analysis: Methods and techniques for Analyzing Business Competition, Upper Saddle River, New York. Read More