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The company for this question is HR BLOCK Write internal environmental analysis including the following: Assess the organization's internal...
The company for this question is H&R BLOCK
Write internal environmental analysis including the following:
- Assess the organization's internal environment.
- Identify the most important strengths and weaknesses of H&R Block including an assessment of the organization's resources.
- Identify the most important internal environmental factors in the general, industry, and external analysis in relation to the internal analysis.
- Perform competitor analysis.
- Assess the structure of the organization and the influence this has on its performance.
- Determine the organization's competitive position and the possibilities this provides.
Format references with APA guidelines.
- Assess the organization's internal environment.
- Examine the firm's entire portfolio of resources and capabilities.
- The four primary categories of tangible resources are financial, organizational, physical, and technological. The three primary categories of intangible resources are human, innovation, and reputational.
- Capabilities are often developed in specific functional areas (such as manufacturing, R&D, and marketing) or in a part of a functional area (e.g., advertising).
- Capabilities that are valuable, rare, costly to imitate, and non-substitutable are core competencies. In turn, core competencies can lead to competitive advantages for the firm over its rivals. -
- Identify the most important strengths and weaknesses of H&R Block including an assessment of the organization's resources.
- Link the strengths and weaknesses from a SWOT to the analysis of the resources - resources, capabilities and competencies.
- Identify the most important internal environmental factors in the general, industry, and external analysis in relation to the internal analysis.
- Relate the PESTL analysis and the five force analysis to the internal analysis - resources, capabilities and competencies
- How do the competencies overcome negative environmental factors or enhance advantageous environmental factors - This is done by doing a Value chain analysis
- Perform competitor analysis.
- Identify top -5-10 competitors
- Market commonality
- Resource similarity
- When performing a competitor analysis, a firm analyzes each of its competitors with respect to market commonality and resource similarity. The results of these analyses can be mapped for visual comparisons.
- Assess the structure of the organization and the influence this has on its performance.
- Organizational structure specifies the firm's formal reporting relationships, procedures, controls, and authority and decision-making processes.
- Effective structures provide the stability a firm needs to successfully implement its strategies and maintain its current competitive advantages while simultaneously providing the flexibility to develop advantages it will need in the future
- Three types: simple, functional, multidivisional
- The simple structure is matched with focus strategies and business-level strategies, as firms implementing these strategies commonly compete by offering a single product line in a single geographic market
- The functional structure supports implementing business-level strategies and some corporate-level strategies (e.g., single or dominant business) with low levels of diversification.
- The multidivisional (M-form) structure support implementation of related and unrelated diversification strategies, the M-form helps firms successfully manage diversification's many demands. Chandler viewed the M-form as an innovative response to coordination and control problems
- Determine the organization's competitive position and the possibilities this provides.
- Competitive positioning: define how the firm will/should "differentiate" its offering and create value for its market. -
- Which of the four generic strategies should H&R Block use and why?
- How does H&R Block differ, and how can they position themself for the best competitive advantage?
- Are H&R Block prices and costs competitive?
- Does H&R Block compete effectively in terms of product or service quality?
- Is H&R Block seen as the vendor of choice? -- Why do people seek H&R Block out?
- Is H&R Block growing, losing ground or just holding onto the market share?