Global Strategic Management Essay Example | Topics and Well Written Essays - 3500 words

Global Strategic Management - Essay Example The other crucial things like stakeholders and their role has been briefly discussed. A new business is exposed to vulnerabilities and therefore the various contingencies that the newly formed company can face have also been discussed. Table of Contents Executive Summary 2 Table of Contents 3 Introduction 5 Stakeholder consultation and participation 6 Critical Assumptions 7 Vision & Mission 7 Environmental Analysis (PEST) and drivers of future change 9 PEST Analysis 9 7S Framework 10 Structure 11 Strategy 12 Systems 15 Style 15 Staff 16 Skills 16 Shared Values 16 SWOT Analysis 16 Strategic goals and objectives 17 Resourcing 18 Implementation Framework and challenges- Ansoff Matrix 18 Evaluation and Control 20 Performance Management System- 20 Timeframe and Contingencies 21 Conclusion 23 Appendix 24 Reference 25 Bibliography 27 Introduction The project presents a strategic management report for a company to be set up in the UK market. The primary objective is to provide a report for a private equity firm for providing venture capital for the company to set up operations in UK. The company would be established in the retail market in UK which has been showing strong prospects very recently. This is primarily because the market is less flooded with large retailers. The project presents the analysis of the market and designs a complete management strategy for the company that would be established. It outlines the criteria against which the stakeholders’ participation would be secured. It presents the vision and mission statements of the company and makes analysis of the environment using PEST. The resource implications arising from the analysis has been presented in the project. The global drivers of change that might influence the company have been presented also. Finally, a performance management system has been designed for to evaluate and control the progress of activities. Stakeholder consultation and participation The company to be launched will be a p rivately held entity. Therefore, the shares of the company will remain in the hands of selected individuals. The main stakeholders of the company are expected to be shareholders, suppliers and the private equity firm. In a privately held company the shares remain in the hands of selected group of individuals. The main advantage of a privately held company is that ownership vests in the hands of few people thereby facilitating fast approval of crucial business decisions. This is a good feature as the management decisions can be carried out fast without any impending approvals. The shareholders of the company though few in number enjoy rights relating to voting. The directors of the company will be elected from this group of shareholders. The private equity firm can also place its member in the company Board. The directors of the company will take up various responsibilities relating to marketing, finance and other important matters. As the directors of the company are also the owners this will help in avoiding any ‘conflict of interest’. The suppliers of the company also form one of its stakeholders. The company can acquire goods on credit from this group of suppliers. Therefore they too have a stake in the company. However they will not enjoy any say in the company affairs. Initially the company may not be able to attract funds from the banks and financial institutions. Eventually with