Stilsim personnel is a company which endeavors to find apt employees for busines

Question

Stilsim personnel is a company which endeavors to find apt employees for businesses and communities. It engages in multimedia Strategic Management Solutions.

Strategy formulation is the practice of developing strategy intended to take the organisation to where it wants to be from its existing levels.

The company to have a clear strategy planned to offer it services at lower costs to give it the cost leadership. The services need to be differentiated from its competitors and it needs to have a clear focus to cater to a niche market. For Stilsim, differentiation is the most important strategy because the company is missing out on many customers by not engaging with them on social media and other electronic platforms.

The company should look at both organic and inorganic growth. It should acquire smaller companies and this in West from its loss making units all units which are not in line with its key focus of service delivery. To engage its employees, the company should carry out complete restructuring of the organisation. This will help smooth and the processes and make the company more efficient. It should partners with its existing vendors and suppliers which will vendors and suppliers which will help in better engagement and efficiency.

The company should actively working with the people who are looking out for jobs. This will help the company understand their needs and Expectations much better and will help them improve their services. The company should also work with the other companies in a more engaging fashion which will help them anticipate demands before hand and be ready. This will improve the quality of staff provided to the companies and their own boarding time would be reduced.

In the company simulations, their students engaged themselves and get immersed to chat their own career trajectories as a team member of the organisation.

Balanced scorecard will help as a strategic performance management tool. The company will be able to improve it's financials, customer perspectives, business processes and learnings.

Stilsim should utilise its resources more efficiently which will help it lower the costs. Employee motivation and satisfaction should be focused on by providing incentives.

Decision matrix should be used to help employees and managers in demanding and challenging situations.

Explanation / Answer

Over the past several weeks you probably have identified several (many) potential strategies that StilSim could employ to get its business back on track. Arriving at these strategic options may have happened randomly as the simulation unfolded or as you processed different analytic tools in the SWOT analysis. Before you start narrowing down your options, it would be prudent to review and check your selected strategies to make sure you have identified a comprehensive group of viable strategic alternatives. The following discussion questions should help you review and explore viable strategic alternatives.

1. Have you identified a strategic option for each of the three generic strategies (low cost, differentiation, and focus)? 2. Have you identified various corporate level strategies that might be employed (acquisition, divestment, restructuring, partnering, etc.)? 3. Have you considered any operational strategies that connect the value stream upstream (work with people looking for jobs) and/or downstream with clients (serve as an outsourcing resource for client companies)? 4. Have you considered operational strategies that drive value as defined by the Balanced Scorecard model (customer, internal processes, and organizational learning)? (Financial strategies would be achieved by successfully implementing the above strategies.) 5. Where are you struggling with brainstorming strategic alternatives?

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