Assistance with strategic analysis guides
Part One: Strategic Analysis
The development of a strategic analysis guides all decisions made regarding your compensation systems throughout the project. The strategic analysis reveals firm-specific challenges, objectives, and initiatives that allow you to align the goals of a compensation system effectively with those of the company strategy.
The strategic analysis allows you to better understand the external market challenges e-sonic faces in addition to its internal capabilities. As a consultant, a thorough understanding of e-sonic’s business environment allows you to better align your competitive system design with e-sonic’s goals, challenges, and objectives. Follow the outline below when completing this portion of the project.
The strategic analysis is fully described in the attached casebook Building Strategic Compensation Systems.
Strategic Analysis Outline:
1. Executive Summary (Concisely conveys the project objectives and main findings. The executive summary is completed last, but included first in the strategic analysis.)
2. Strategic Analysis
a) Identification of e-sonic’s industry based on the North American Industry Classification System (NAICS)
b) Analysis of e-sonic’s external market environment
i. Industry Profile
ii. Competition
iii. Foreign Demand
iv. Long-Term Industry Prospects
v. Labor-Market Assessment
c) Analysis of Internal Capabilities
i. Functional Capabilities
ii. Human Resource Capabilities
Project should be 5–7 pages in length.
Solution Preview
Strategic Analysis for Sonic Records
Executive Summary
Sonic Records is a critical player in the music recording and production industry. The organization has experienced difficulties and emerged victorious having been on the market for thirty years. Its main strengths lie in the firmly established relationships that the company has with major record labels. Piracy remains a significant threat to the success of the music industry despite the fact that the government’s intervention has seen a reduction of the same. The industry rules are changing,
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