Project 3: Simulation as a Tool for Strategic Decision Makingâ€”Part 1 Step 2: Discuss Your Industry Analysis
An understanding of industry structure and industry analysis will be critical for making informed decisions for MediCorp. Therefore, Jillian Best has convened a discussion about these two topics to prepare your team for the work ahead.
Based on your reading, research, and analysis, respond to the two discussion questions below:
Discussion Topic 1: What industry sectors tend to be better performers? Why? How may Covid-19 lead to growth in certain sectors and decline of other sectors that will have to â€˜re-inventâ€™ themselves to make them competitive? You may pick a sector from healthcare, education, retail, hospitality, manufacture, IT, or transport.
Discussion Topic 2: Select any company from the Standard & Poor’s 500. Select one or more activities in the companyâ€™s value chain that would be candidates for relocation to another country. Provide a brief justification and examine the challenges you see in coordinating the global value chain after the proposed value-chain activities of your chosen company are set up in the new country.
Review the MBA Discussion Guidelines for instructions on participation in discussions. Also, abide by the following guidelines:
- The titles of your main postings should indicate the discussion topic number (e.g., #1, #2).
- Respond to a minimum of two postings from your classmates before the end of Week 5.
- In your discussions, cite examples when you describe theories from your reading and research. You may use examples from your organization or industry, current or recent newsmakers, or other reliable sources.
After the discussion, proceed to the next step, where you will learn more about your client and the scope of your consultant agreement.