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Strategic Management: StratSynth Essay Example
- Category:Management
- Document type:Assignment
- Level:Undergraduate
- Page:4
- Words:2278
Strategic Management: StratSynth
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Introduction
Humans experience different challenges, and people/organisations come together to provide appropriate service and assistances. StratSynth is such an organization that aims to provide assistance and support to people facing numerous challenges including drought, war, and flooding challenges. The aim of the report is to discuss the role and activities that StratSynth can employ in sustaining the social objectives of humanity.
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Background to the Situation
Melinda Dates and Priscilla Chan have continuously engaged in social corporate and non-profit based activities of supporting communities and societies with different challenges. Gates and Chain aim to distribute knowledge and improving the conditions of developing countries through the introduction of different initiatives. During one of the forums, Gates and Chan were interested in technologies such as Pouncer Drone, the Spider Light Strike Vehicle and the Rokontwo wheel drive motorcycle for rapid aid delivery. To address this objective of rapid aid delivery, StratSynth organization was created.
StratSynth is a non-profit organization tasked with enabling the acquisition, delivery, and operation of essential life support items. Giving Pledge would fund StratSynth in acquiring and managing different technologies in accomplishing in rapid aid delivery. StratSynth should meet the current East African Drought Crisis and be able in future to meet disease stricken and flood requirements in addition to areas disadvantaged by decades of economic denial or warfare. It means that StratSynth has to bring together different technologies and frameworks in improving socioeconomic requirements of disadvantaged and distressed regions.
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A PESTEL analysis of StratSynth Operation Areas
The following table summarizes the business environment in which StratSynth will operate; a general approach is taken because different countries are considered with different levels of developments whether in the legal or environment framework:
Component |
Description |
Political |
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Economic |
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Technology |
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Environment |
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A Five Forces analysis of the likely competitors to StratSynth
StratSynth would operate in a unique and demanding environment, and the following table presents a Five Forces analysis of the likely competitors to StratSynth:
Analysis/Description |
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The power of customers |
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The power of suppliers |
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The level of rivalry |
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The potential of entry |
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The threat of substitute products |
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Business Level Resources
The common types of resources that StratSynth depends are human, intangible and tangible. The tangible resources include resources that can be identified and accounted for in financial statements and are physical in nature such equipment cash and plants (Allison and Kaye, 2011). For example, the foodstuff and drones including the funds that StratSynth requires are tangible in nature. The intangible assets include the nonfinancial and nonphysical assets such as knowledge, market research findings, and brands, which are difficult to account that, are integral to the successes of StratSynth (Guo et al. 2011). The human asset focuses on the knowledge and skills that employees have. The employees ensure an organization operates effectively.
The presences of resources and human resources are not enough because capacities and competencies are required (Grigoroudis, Orfanoudaki and Zopounidis, 2012). The human resource should be able to use the physical resources appropriately. The individuals have to understand the different requirements and formulate implementable measures to address the shortcoming. For example, StratSynth should be able to turn the different resources to facilitate the needs and requirements of the people (desperate people).
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Corporate Level Strategies
The following are some of the companies that can partner and engage with Boston Dynamics:
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Boston Dynamics – the company can partner with US military in the development of a robot that is capable of carrying more than 20 kilograms of weight and can cover more than 30 kilometres (Martinez, 2012). The type of strategic alliance is a joint venture in that StratSynth proposes what it wants while Boston Dynamics creates the product.
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Zipline Technologies – the company, produces a drone that employs the sling technology in delivering essential products such as medical requirements (Nambiar, 2016). The technology is currently used in Rwanda, which is expected to reduce the time of delivery of medical supplies. A joint venture is proposed because of the customization requirements and wider scope of StratSynth mission.
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Prodrone has developed a drone with five axis arms that can carry around 10 kilograms of load and fly for 30 minutes at 60 km/p, and the drone is able to drop a lifesaving buoy and retrieve hazardous materials. The drone is appropriate because it can be used in flooded areas, and can move at a faster speed over long distance. The joint venture is also important because the capability of the drone can be improved.
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Griff Aviation is a Norwegian company that developed a drone that can lift more than 300 kilograms ad can fly for 45 minutes (Fox News, 2017). The payload is integral in that StratSynth can carry food while also provide appropriate assistance to the population. The strength of the technology is the carrying capacity and the time in the air. Since StratSynth lacks the techniques and capacities of creating and managing the drone, joint venture business approach is proposed and appropriate.
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Ehang Inc has developed a drone that can carry an individual for 23 minutes with a payload of 110 kilograms (Nakashima, 2016). A joint partnership is appropriate since the interior of the equipment can be redesigned to reflect the requirements of StratSynth.
In analyzing the corporate level strategies, the most appropriate framework is joint venture since each organization will specialize on what it knows. For example, StratSynth would concentrate in sourcing the resources and funds while the producers of the technologies would concentrate on the improvement of the technology.
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Address Melinda Gates’ interests and cooperative strategic relationships.
The specifics of the environment determine and influence the right technology. The aim of the technology is to implement a system that can counter the rough terrain and is sustainable in nature. It is advice StratSynth can enter into cooperative strategic relationships depending on the environment of operations. The firms producing Pouncer Drone, the Spider Light Strike Vehicle and the Rokon two wheel drive motorcycle have an understanding of the terrain since most of these equipment targets the military. The military operates in a rough terrain meaning these technologies are applicable to the requirements of StratSynth, and modifications and customization to meet the mission objectives of StratSynth are recommended.
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An Organisational Structure for StratSynth Headquarters Group
The following section provides the organisational structure for StratSynth Headquarters group with a discussion of roles and responsibilities of each position.
Manager or CEO: StratSynth
Financial Manager
Operations Manager
Relationship Manager
Resource mobilisation
Budgeting and allocation of resources
The rationality of these positions and persons employed:
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Manager or CEO – the individual would be required to manage other employees and ensure the organisation has a clear guideline and approaches into achieving the requirements of the organisation. The position needs an individual who can liaise and seek support in prosecuting the objectives of StratSynth.
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Financial Manager – the individual will be tasked with allocating and managing the resources with other employees (Allison and Kaye, 2011).
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Operations manager –the individual will be responsible for ensuring the resources are delivered to the location and ensuring the problem is managed effectively and appropriately
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Relationship manager – the individual, is tasked with public relations and the main individual who can communicate for StratSynth (Denhardt, Denhardt and Aristigueta, 2012).
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Resource mobilization – will work with finance manager to source for the funds
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Budgeting and allocation of resources – the resources obtained are located, and proper documents kept to fulfill accounting and financial requirements
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Vision and Mission Statement for the StratSynth Group
The mission statement:
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The StratSynth Group alleviates and prevents human suffering through harnessing and mobilizing resources through the power of togetherness and collaboration in improving social development of humans
The vision statement:
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StratSynth aims for a future where dreams, opportunities, and possibilities are same for all the people without considering geographic, cultural, and institutional systemic challenges
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Conclusion
The human faces different challenges and people and organisations come together to address the problem through numerous means. StratSynth brings together different parties in creating a collaborative and partnership framework to alleviate the sufferings of people facing numerous challenges including the current drought problems in East Africa. StratSynth would be able to address the problem through bring together partners, sourcing for resources, and ensuring human suffering is alleviated. In acquiring the right technologies and resources, the appropriate framework is joint venture since the partners would be tasked with the improvement of technologies while StratSynth would seek for the right resources and relevant support.
References
Allison, M. and Kaye, J., 2011. Strategic planning for nonprofit organizations: A practical guide and workbook. New York: John Wiley & Sons.
Brown, K. and Osborne, S.P., 2012. Managing change and innovation in public service organizations. Routledge.
Bryson, J.M. and Alston, F.K., 2011. Creating your strategic plan: A workbook for public and nonprofit organizations. California: John Wiley & Sons.
Bryson, J.M., 2011. Strategic planning for public and nonprofit organizations: A guide to strengthening and sustaining organizational achievement. London: John Wiley & Sons.
Denhardt, R.B., Denhardt, J.V. and Aristigueta, M.P., 2012. Managing human behavior in public and nonprofit organizations. Sage Publications.
Fox News. (January 10, 2017). Huge drone can lift 500 pounds. Fox News. Retrieved from http://www.foxnews.com/tech/2017/01/10/huge-drone-can-lift-500-pounds.html
Grigoroudis, E., Orfanoudaki, E. and Zopounidis, C., 2012. Strategic performance measurement in a healthcare organisation: A multiple criteria approach based on balanced scorecard. Omega, vol. 40, no. 1, pp. 104-119.
Guo, C., Brown, W.A., Ashcraft, R.F., Yoshioka, C.F. and Dong, H.K.D., 2011. Strategic human resources management in nonprofit organizations. Review of Public Personnel Administration, vol. 31, no. 3, pp. 248-269.
MacDonald, C. (September 14, 2016). Firm unveils drone with terrifying CLAWS that can lift 44-pound cargo and make rescues at sea. Daily Mail. Retrieved from http://www.dailymail.co.uk/sciencetech/article-3788216/Firm-unveils-drone-terrifying-CLAWS-lift-44-pounds-deliver-cargo-remote-areas-make-rescues-sea.html
Martinez, L. (September 11, 2012). Four-Legged Robot Could Help Military Handle Rough Terrain. ABC News. Retrieved from http://abcnews.go.com/blogs/headlines/2012/09/four-legged-robot-could-help-military-handle-rough-terrain/
Nah, S. and Saxton, G.D., 2013. Modeling the adoption and use of social media by nonprofit organizations. New Media & Society, vol. 15, no. 2, pp. 294-313.
Nakashima, R. (January 6, 2016). Chinese drone maker unveils human-carrying drone. PhysOrg. Retrieved from https://phys.org/news/2016-01-chinese-drone-maker-unveils-human-carrying.html
Nambiar, R. (May 27, 2016). How Rwanda is using drones to save millions of lives. CNBC. Retrieved from http://www.cnbc.com/2016/05/27/how-rwanda-is-using-drones-to-save-millions-of-lives.html