Business strategy is not an easy subject, and can be challenging due to its broad scope and concepts, as well as the diverse knowledge of the subject. Students find it difficult to complete their business strategy assignments. As they struggle to apply the theoretical knowledge to the practical’s. So, they take help through the samples as examples to understand their assignments.
If you are also thinking to opt this subject, or you are in this subject. Then, this blog will help you understand the business strategies. The struggles students face while doing their assignments, and how samples provide help to students.
What is Business Strategy, and its assignment?
Business Strategy is like a company’s roadmap of high level, which have long-term plan. In which it tells about the company’s goals to achieve. It helps outline how the company will stand out from the competitors. Give details to generate value for the customers, and this is a big picture plan, which not only shows the destination but also provides the route for that destination.
It also includes SWOT analysis (Strengths, Weaknesses, Opportunities, Threats). A business strategy assignment for the students involves analyzing a real company to develop a long-term plan for achieving its goals. It is like a practical application of the theory, which requires critical thinking and research, to create a roadmap for a successful organization.
If you have to do your business strategy assignment, then start with the strategic context, like the company’s mission, vision, objectives, and competencies. Then, assess the organizational strengths, weaknesses, capabilities, and resources. Analyze the competition in the industry. Then the strategic formulation has to discuss the issues, the opportunities, and the development of alternative strategies. Implementation of the strategies outlines the rules and steps to put it in action. Conclude with the references, and tell about the monitoring of the strategy’s success.
Struggles Students Face in Their Business Strategy Assignments
Business Strategy assignments are not everyone’s cup of tea; students face several struggles with their assignments. The primary problem is related to linking the academic knowledge to real-world applications. Many Students seek help from experts for their business strategy assignments, or MBA assignment help. Some of the main challenges faced by students in their business assignments include:
- Research and Data:
Students find it difficult to access reliable and specific sources in the industry or to interpret the data correctly, which can lead to inaccuracy in the analysis. Assignments certainly require robust and up-to-date data on the market trends and consumer insight.
- Theory to Practice:
A significant obstacle faced by many students is students are still making the same mistakes. They are only defining the theory, and they are struggling to apply it in practice. They understand the models, but are unable to demonstrate how the model will influence the business decisions. The other thing that makes it difficult for students to formulate realities is the limited exposures of the practical working of business.
- Critical Analysis:
Students keep their focus on merely describing the business concepts, instead of critically analyzing, evaluating, and justifying their strategic arguments. The ability to assess the potential impacts, benefits, and risks of the proposed strategy is often lacking in assignments, which can result in incomplete answers.
- Time Management:
Business strategy assignments are mostly time-consuming, due to the in-depth and extensive research required. Then, the analysis and the writing are required. Students struggle to structure their responses clearly and concisely and in a logical way, due to a lack of time. To reduce the stress and save their time, some students hire an expert and professional writers from the UK Best MBA Assignment Writings for their assignments.
What are the samples of business strategy assignments, and how do they help students?
Students take samples of the business strategy assignments and cover the analysis of the existing companies, such as Tesco, Apple, and Starbucks. Or developing a plan for a new venture, and focusing on the core concepts.
These assignments involve case studies, internal/external audits, and recommending actionable strategies for market entry. The samples demonstrate applying the frameworks to real-life scenarios. It also defines its mission, vision, core values, competitive advantages, and actionable goals for the long-term goals. These samples provide help to the students in their assignments:
- Structure and Formatting:
Students get the basic knowledge of how they can structure their assignments and keep a professional appearance by dividing the sections correctly. And, also, the right template usage makes your assignment presentable.
- Conceptual Understanding:
Students gets the better understanding of the core concepts and learn how they have to demonstrate the frameworks like SWOT (Strengths, Weaknesses, Opportunities, Threats), and PESTELS, to real companies.
- Goal Setting and Analytical Depth:
Exemplify how to transfer your vision into the SMART (Specific, Measurable, Achievable, Relevant, Time-Bound) strategic initiatives and the objectives. For the analytical depth models, in-depth internals, and external analysis.
- Problem Solving:
Showcase how you will identify the issues for market changes or resource use, and with that proposed your solutions. That also helps you understand how to build an advantage over your rivals. Samples will also ensure that your work will meet the academic standard, have quality work, and be relevant to theories.
Key Elements in the Samples
In the samples, there will be some key points that can help you maintain your assignment. If you notice them and apply them in your assignments, then it will give your assignment a good look, and your assignment will get noticed as a small detail.
- Executive Summary: A concise and powerful overview of your overall plan, which acts as a foundation and standalone pitch that explains your business, its problems, and the solution. It is typically written last, but placed first.
- Organizational Audit: A comprehensive review, which you will see, that assesses the company’s performance, resources, structure, and the environment. To see if the strategic goals of the company are being met effectively or not.
- Implementation Plan: A detailed roadmap that you will get to see in the sample, with high-level goals that turn into actionable steps. It covers what needs doing, who does it, when, and how.
- Strategic Options: The strategic options mainly involve the path taken by the company to achieve its goals. Typically categorized by the frameworks.
In a nutshell!
This brings us to the end of our blog. If you are a student of business strategies assignment, or are thinking to continue in the path. Then keep in mind the struggles you have to face, but it is not like that; if there are struggles, then there is a solution to them. So, keep working hard, and seek help from your teacher or expert writers.
You can also seek the services for your guidance and take help from the samples of the assignments. It will guide you until the end.
We hope you get help through our blog.
Thank You.