College: khawarizmi intenational College
Code: SMG 402
Explain objective of the case analysis:
1) Gather information on the external environment/ industry analysis.
This step involves identifying opportunities and threats within the company's external environment. Special items to note include competition within the industry, bargaining powers, and the threat of substitute products.
2) Discuss the role of the functional contemporary issues of business
3) Analyze contemporary issue and challenges of strategic management faced by organizations.
In the advent of the technological expertise that vouches to define current generation, the accessibility to information has been increased in the identical rate of the urge to preserve it intact. This holds good for the domain of tools that chiefly oriented to knowledge and intellect since Encyclopedia Britannica has been able to morph itself into the virtual bibliotheque called Wikipedia that strictly relies on the cumulative wisdom (Heizer, 2016). Furthermore, in terms of financial accomplishment, the amount of annual revenue that Wikipedia has been able to procure is significantly high as compared to Britannica or its intermediate CD version Encarta. On that note, the corresponding study is supposed to address,
Analysis of the External Environment
External environment, in terms of the mode of operation and implementation of business strategies of an administration that deals with the rudimentary tasks associated with maintaining a Digital Library can be primarily characterized by the information revolution that causes significant alteration in the strategic execution of the business objectives. In the context of the attached case study, in order to explore the potential opportunities and threats and several other external governing marketing parameters, Porter’s Five Force analytical framework needs to be deployed and the outcomes might look like;
Proportion of Rivalry:
Threats of New Entries:
These threats and the potential origins can be categorized as,
This segment is supposed to categorize the Buyer’s intent regarding
In terms of the suppliers bargaining power can be categorized as,
Functional Contemporary Issues and Consequent Challenges
Being a unit that is stringently dependent on the aspects of compatibility with the technological expertise, this has to develop the acumen to cope with the potential impediments that the sectors are prone to face. For instance, Wikipedia is prone to preserve their information within their own premises and wishes to command them within themselves. On that note, it is imperative to address that, Wikipedia needs to revise their infrastructural hierarchy that chiefly governs the virtual platform. This will further assist them to devise their Cloud Plans.
Furthermore, as per some current anticipation, Information is supposed to grow by 800 percent in the upcoming decade and supposed to evoke in an unarranged manner. Units like Wikipedia need to incorporate this vast amount of data while employing prudent organizational insight. This might assist the respective organization to explore several encounters that are prevalent to the processing of interpretation of the information. This also urges for the several framework for big data analysis as an imperative requisite. They can be recommended to employ the benefits of the remedies such as employing Ethernet or being capable with parallel processing.
Moreover, Wikipedia need to acquire the competence to cope with the aspect of Virtualization. In context with a recent study, The Distributed Management Task Force (DMTF) needs to seek the principles that standardize the specifications of Virtualization Management. On that note, Wikipedia can be recommended to deploy VMAN’s Open Virtualization Format (OVF) that might assist the respective organization with the guideline to operate virtual machines and several other applications (Galliers, 2014).
Strategy Implementation and Control Systems
Analyzing the Control Systems to implement strategies
As it is mentioned earlier, concerns like Wikipedia is destined to face gross dilemma as the ultimate objectives of the concern does not evolved with the evolution of technological expertise. In order to cope with the aftermath of the confusion, organizations like Wikipedia needs to fix their priorities since it is potent enough to shape the marketing strategies. Since the inclination towards progressive education and collective wisdom in order to generate a circumspect social awareness posed an urge to acquire prudence in creation, dissemination and preservation of information, the essence of electronic publishing encourages the digital libraries the organize the collection over and over again (Bryce, 2017). The last phase of the decade has exhibited a boom in terms of creation of information due to the leap in the affordability and accessibility of digital devices and several other information-capturing apparatus enables the respective authorities to shed more attention in organizing the available information.
Organizational Change: Change can be acknowledged as the prelude of innovation. Wikipedia has been able to acquire a prudence regarding the compatibility to cope with change. Their portal strictly relies on the notion of collective wisdom and designed their format that anyone can edit the content. This also holds good for the workplace ambience as well as the management is supposed to encourage their potential employees to thrive for innovation in order to develop the competency the project of higher excellence.
Employee Rewards: The management is prone to acknowledge the efficient employees in terms of verbal appreciation. Moreover, the substantial financial analogue has been regularly in their pay matrices in terms of incentives.
Levels of Hierarchy: Wikipedia is one of those organizations who appear adamant to refuse the standard organizational hierarchy. The all love to consider them as labors as they never occupy themselves with the underlying conflict of labor and intellect.
Conflicts: The management denies entertaining any intolerance with conviction. The absence of hostility and mutual envy is one of the most symbolic features of their workplaces.
The strategic objective of Wikipedia is to accomplish the outcomes regarding,