Category | Assignment | Subject | Management |
---|---|---|---|
University | Northumbria University | Module Title | LD9634 Designing and Implementing SME Business Strategy |
Word Count | 3000 Words |
---|---|
Assessment Type | Individual Essay |
The business environment for business organisations is increasingly becoming more competitive due to the evolving VUCA (Volatile, Uncertain, Complex and Ambiguous) conditions. This is particularly applicable for start-up entrepreneurs, who, as SME owners or managers, often feel the impacts of this competition more fiercely, as they often cannot effectively compete with their larger business counterparts, who are likely to have larger resource allocation and hence capabilities at their disposal. Hence, to survive in a keenly competitive market, SMEs are faced with the choice(s) of strategically leveraging their unique and sometimes rare competencies to gain a considerable competitive advantage over other businesses (both SMEs and large).
You will be assessed by a Two-part component of a 3000-word individual report (excluding appendices) that will consist of the following pieces of work:
Using a range of relevant academic literature, you are required to identify and critically evaluate contemporary issues and challenges that small and medium-sized enterprises/ organisations (in the UK or your chosen country) are facing concerning SME’s strategy. (ML01) (30%).
Your critical literature review report explores your understanding of the strategic challenges during the development and implementation of managing a goods or services business from an SME entrepreneurial perspective based on a range of relevant academic literature.
[You must present your work to the academic standard commensurate with the BA final year and apply/use APA referencing throughout].
a. Using a range of relevant and appropriate strategy frameworks (such as PESTEL, Porter’s Five Forces, SWOT, etc.), critically evaluate the internal and external environment of an SME organisation you are familiar with in the wider UK economy. (ML03) (1000 words).
Students are required to explore the application of the above frameworks in the main body, and frameworks can be added in the appendix. Students are advised to use the relevant websites to gather company information for internal environment analysis , such as Companies House - GOV.UK
b. Assume your SME organisation from (a) above is considering expanding its operations to the Netherlands in the next 12 months. Your task is to identify, analyse and justify the following: (ML02) (1000 words).
1) Their mode of entry into the new market.
2) The influence of CSR practices and some areas in the strategy for the future development of the new market.
Your answers should consider appropriate and relevant subject contents, theories, models and frameworks which demonstrate wider reading and which are appropriately cited and referenced using the required APA referencing system. You should support your work with academic theory and relevant academic literature. All assignments are submitted electronically on Blackboard.
Make sure your report now has the following:
This assessment will contribute directly to the following Level 6 Programme Goals and Objectives:
Knowledge & Understanding:
6.1.1 Appraise knowledge of contemporary professional practice in the SME Business context to be informed by theory and research.
6.1.2 Appraise and apply knowledge of business, management, and entrepreneurship to complex problems in or related to professional practice to identify justifiable, sustainable and responsible solutions.
Intellectual / Professional Skills & Abilities:
6.2.1 Evaluate effective interpersonal communication skills and the ability to work in multi-cultural teams.
6.3.1 Critically self-reflect as a means of informing personal development planning
Assignment: Designing and Implementing SME Business Strategy (100%, 3000 words)
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