ASSIGNMENT | The Strategic Analysis

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 MyManagementLab Building Strategic Compensation Systems casebook for faculty and students, linked in the course menu in MyLab. Follow the explanations and outline to complete this milestone. 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’sindustry 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

SAMPLE SOLUTION

Executive Summary
The report provides a strategic analysis of E-Sonic, Sonic Record’s subsidiary, and online music platform as it attempts to explore the specific compensation approach the company explores and adopts. The strategic analysis identifies the initiatives, objectives, and challenges the firm has or experiences as it attempts to align its goals/objectives and the compensation system as it attempts to be effective, while it competes on the industry. The analysis also provides better acknowledgment and comprehension of the business environment of the organization. It also includes a better…