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Strategic Management Task 1&2 (Essay Sample)

Instructions:

 

Subject: Strategic Management, Task1

A. Final Cumulative Balanced Scorecard, Income Statement, and Balance Sheet

Cumulative Balanced scorecard of Gulf Trading LLC based on Industry Report: 

B. Generic Competitive Strategy of the Gulf Trading LLC

Strategic plan (actions) to achieve competitive advantages & financial success

Game Plan # 1 Choosing Target Market

Game Plan # 2 Designing the brand for each of the target markets

Game Plan # 3 Designing Advertising Strategies  

B1.  Evaluation of the effectiveness of the company’s generic strategy.

C. Evaluation of the team’s ability in identifying the strengths, weaknesses, and strategies of the competitors during the simulation.

C1.  Success of the company in predicting the competitors’ next moves.

D. Discussion of how sustainable the most dominant competitive advantage achieved by any company within the industry.

G.  Evaluation of the effectiveness in addressing important issues in order to achieve the competitive advantage and improve the financial success of the simulation company

        


Strategic Management Task 1&2 Need the following tasks to be rewritten to be orginal. The balance sheets, income sheets and scorecards have the correct figures/data as per the simulation I completed. I just need the words to be rewritten to match the balance sheets, income sheets and scorecards I have provided. The company names were corrected to match my chart that I provided. (Just need the words to match my data). IA

source..
Content:
NAME
Strategic Management Task 1
SCHOOL
Mentor: NAME
25 March 2013

Subject: Strategic Management, Task1
A. Final Cumulative Balanced Scorecard, Income Statement, and Balance Sheet
Cumulative Balanced scorecard of Gulf Trading LLC based on Industry Report:
Cumulative industry report of ‘Gulf Trading LLC’ for year 18 Particulars of Cumulative Balanced Scorecard based on Industry ReportInvestors Expectation ScoreBest Industry ScoreOverall ScoreEarnings Per Share ($)24.008.006.95Return on Equity (%)21.0014.0016.94Stock Price ($ per share)24.007.0089.24Credit Rating242020Image Rating18.0015.0063.00Corporate Social Responsibility and CitizenshipN/AN/AN/ATotal Overall Balanced scorecard 11164195.59Income Statement:
Income StatementConsolidated Income StatementYear-18Gross Revenues:$000sInternet77778Wholesale189311Private-Label34955Gross Revenues from Footwear Sales302044Exchange Rate Adjustment+1879Net Revenues from Footwear Sales303923Operating Cost:Cost of pairs sold149886Warehouse expenses22153Marketing Expenses36537Administrative Expenses9530Operating Profit (Loss)85817Interest Income (Expenses)3547Other Income (Expenses)0Pre-Tax Profit (Loss)89364Income Taxes26809Net Profit (Loss)62555Balance Sheet:
Balance Sheet Balance SheetYear-18Assets$000sCash on hand206607Accounts Receivable75986Footwear Inventories4659Total Current Assets287247Net Plant Investment139832Construction WIP0Total Fixed Assets139832Total Assets427079Liabilities$000sAccounts Payable13613Overdraft Loan Payable01-year Bank Loan Payable0Current portion of LT loan0Total Current Liabilities13613Long Term Bank Loan Outstanding0Total Liabilities13613Shareholders’ Equity$000sCommon Stock9000Additional Capital31540Retained Earnings372926Total Shareholders’ Equity413466B. Generic Competitive Strategy of the Gulf Trading LLC
In order to gain a competitive advantage, Gulf Trading LLC needs to combine generic strategies depending on differentiation, cost leadership and focus strategies. Low price and product differentiation are the drivers that will attract more customers, as cost leadership and product differentiation are generic competitive strategies utilized.

Figure: Competitive Strategies available to the company
Both product differentiation and the cost leadership strategy will be basis upon which to gain a competitive advantage in the footwear industry for Gulf Trading LLC. The product differentiation strategy will be a competitive strategy through focusing on unique and fashionable footwear. The cost leadership strategy will focus on the low priced products, but there will be no compromise on quality simply for the sake of using the low price strategy.

Figure: Competitive Strategies pursued by the Gulf Trading ...
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