Strategic Adaptation and Sustainability in the Evolving Retail Landscape
Implementing Strategy and Change Assignment Brief
Word Count – 3,000 words (+/- 10%)
(I.e., absolute max 3,300
Weighting - 100
Assignment Question:
Evaluate the current position of your chosen organisation, make recommendations for a new strategy considering the people, purpose, and planet, and suggest how the organisation could implement that strategy.
Within the module, you will be invited to select an organisation of your choice, this organisation is your selection, however we have several recommendations as to how you might choose:
- An organisation where you wish to work in the future (graduate scheme etc).
- The organisation where you completed your placement.
- An organisation that you find particularly interesting.
- An organisation within an industry where you feel you could offer some insight.
The module has introduced you to several ideas in terms of the process of implementing a strategy and creating change. In particular, the module has instilled the importance of ‘the plan, the people, the purpose and the planet’ – we would expect these factors would be an important part of your assignment
Our suggestion (…and only our suggestion) is that you might format your assignment as follows:
In all areas, incorporate relevant theory to support your arguments.
Introduction (150 words)
Part One – The Current Strategic Position (900 words)
Consider the current internal position of your organisation.
Consider the key drivers for change from an external perspective.
What is the organisation’s current strategic position, mission, vision, sense of value?
Is the organisation’s strategy suitable and acceptable regarding the external environment and the various stakeholders
If required, the models to complete this section may be placed in your appendices.
Part Two – The Contemporary Environment (900 words)
The People (300 words)
Consider the current culture, commitment and buy-in for the organisation’s strategy. If necessary, how might this need to change?
The Purpose (300 words)
What is the purpose of the strategy and overall mission and vision of your organisation and intended strategy? Why does it matter? Does this relate to ‘the people’ and achieving employee buy-in? Could this be changed
The Planet (300 words)
What is the impact on the planet? Where is the need for sustainable and responsible business approaches, does this form a part of the strategy, mission?
Part Three – Recommendations (900 words)
What are your overall recommendations, what needs to change and be implemented to achieve your updated strategy and plan? What is your overall recommendation for strategic change? What needs to change, who needs to change and what considerations need to be given to the planet?
The recommendations should be clear and consistent with your overall report.
Conclusion (150 words)
References
Appendices
Naturally, the format and structure of your assignment and arguments will be influenced by the type of organisation that you select (for example, a particularly un-ethical organisation might need more focus (words) for ‘the planet’. Your tutor will support you in the development of your ideas and word weightings in your assignment.
Realistically you cannot and will not include ‘all’ the theory from the Lectures and Seminars, consider which theory is most relevant for your arguments and position, and focus on using this well, rather than using everything poorly (and to lesser impact).
Strategic Adaptation and Sustainability in the Evolving Retail Landscape: A Case Study of Pop Mart
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Strategic Adaptation and Sustainability in the Evolving Retail Landscape: A Case Study of Pop Mart
Organizations must adapt to shifting internal and external surroundings to succeed in today's dynamic business world. This extensive assignment analyzes Pop Mart, a well-established retail company, concentrating on its present strategic position, current environment, and future strategic suggestions. The first section, the current strategic position, examines the company's structure, culture, and external change factors, where its evaluation highlights the organization's hierarchical structure and inventive culture, as well as its requirement for strategic adaptation to external circumstances. In the contemporary environment, it is essential to examine Pop Mart's people, purpose, and planet. This activity involves tackling organization-specific employee engagement, purpose alignment, and environmental sustainability (Haslam & Shenoy, 2018). The final portion, recommendations, offers strategic advice to help the company overcome obstacles, seize opportunities, and become more adaptive, employee-focused, and ecologically responsible. These three parts present Pop Mart's current situation and future direction, emphasizing the importance of adaptation, innovation, and sustainability in its approach. This assignment begins a revolutionary journey that will alter the organization's future and benefit stakeholders and the world.
Part One – The Current Strategic Position
Pop Mart has been around for a long time and specializes in selling new and trendy items, and it has developed significantly during the last two decades (Brin & Nehme, 2019). This paper will examine internal and external elements affecting the company’s strategic orientation.
Internal Position Assessment
Pop Mart's strategy depends on its internal environment, where its features are hierarchical structure, which emphasizes clear reporting lines and rapid decision-making. This hierarchy helps operational efficiency by offering a structured framework for strategy implementation and allowing flexible reactions to market and customer changes. The company exhibits both the role culture and the task culture (Haslam & Shenoy, 2018). The hierarchical structure supports the role culture, whereby everyone has a function and obligations to maintain order to ensure precise and directed decision-making with clear reporting lines and efficient decision-making procedures. Innovative and customer-focused, the company's internal culture is energetic. This cultural mix promotes innovation, supporting power culture in the changing retail scene by encouraging and empowering employees to innovate.
Power culture, in which a small group of people make all the decisions and have much power, goes hand in hand with empowering people and encouraging creativity. Innovation and putting the customer first are signs of a person-centered society in which the customer comes first and the individual is valued (Deigh et al., 2016). The well-organized supply chain at Pop Mart works well with the company's task culture, which values getting work done quickly. The supply chain also helps the company respond quickly to changes in the market. It speeds up the delivery of goods from makers to customers, reducing delays and making the system faster.
Key Drivers for Change
A lot of big things are changing Pop Mart's outside world, which is affecting its strategic direction. This shift drivers make it clear that retail needs to be flexible, creative, and able to change. The market is moving quickly, and the rise of shopping online is a significant change. As the number of online shoppers grows, the company needs to change how it does business to serve them. For this digital shift, which risks old retail tactics, it is crucial to have a solid online presence and a smooth customer experience (Meynhardt & Gomez, 2016). There is a need for sustainability whereby being aware of the environment is a big reason why people change because co-friendly shoppers want things that will last and come from fair sources. To stay competitive and attract customers who care about the environment, the company needs to make sure that the products it sells and the way it gets its supplies are sustainable.
In shops, competition is fierce, and many companies striving for market share must constantly innovate. Pop Mart