Strategic Management Problem Solving Exercise 1 MGMT 661 Winter 2023 Bruce Hiebert, Ph. D. Student Name: Student Number: Course Section Number: A competitor analysis in one of the core exercises for Management 661 in the Winter term of 2023. This exercise involves student research into three identified potential competitors. Please see the list of competitors accumulated by the team as part of the Team Project (Client Initial Exercise) and with your team, select three (Teams should review as many competitors as possible as a whole.). Complete as much detailed research on each company as possible. Then complete the following tables. When you have completed them, submit them to the Turnitin Drop-box in Week 7. This is due by 11:59 PM Pacific on Sunday, February 26. Important: Complete the tables to the best of your ability. The tables are generic and not all tables or cells may apply to your identified competitor. However, grading is based in part of the level of completeness. Strive for completeness. Note that all your information requires sources. These sources must be listed in the resource section at the end of this exercise. They do not need to be cited in the body unless they involve quotations or other important specific details. All sources should be cited and referenced in APA style. The grading rubric is found at the end of this assignment. (Please review the rubric before starting in order to develop a sense of priorities for your work.) Section 1 - Selected Competitors Company 1 Company 2 Company 3 Company Name Head Office Location Website address CEO Senior Management Team Market Capitalization Products Rationale (why selected as competitor)Section 2 Competitor Strategy Analysis Based on your research and applying what you have learned throughout the MBA program, complete the following cells for each competitor. Table 2.1 - Analysis of Management Strategies Company 1 Company 1 Briefly Identify & Describe the Management Strategy Benefits/ Advantages Critical Success Factors Threats/ Risks Additional important observations regarding strategy (e.g. planned or emergent strategy and supporting evidence.)Table 2.2 - Analysis of Management Strategies Company 2 Company 2 Briefly Identify & Describe the Management Strategy Benefits/ Advantages Critical Success Factors Threats/ Risks Additional important observations regarding strategy (e.g. planned or emergent strategy and supporting evidence.)Table 2.3 - Analysis of Management Strategy Company 3 Company 3 Briefly Identify & Describe the Management Strategy Benefits/ Advantages Critical Success Factors Threats/ Risks Additional important observations regarding strategy (e.g. planned or emergent strategy and supporting evidence.)Section 3: Stakeholders Identify as many stakeholders as possible. Be specific (use names) and identify for each stakeholder the issue that makes them a stakeholder. Then for each company identify the stakeholder response to the company strategy either identified (through research) or likely (thoughtful inference). Note that not all stakeholders may be shared by all companies. Stakeholder & Company 1: Company 2: Company 3: Issue Section 4: Critical Issues in Strategy Implementation For each company identify what you see as the critical managerial issues related to each of the core operational areas identified. Remember that each company has unique managerial issues and to the best of your abilities through research or careful inference identify what issues you see managers needing to attend to in each area in their specific company. Management Company 1: Company 2: Company 3: Strategies & Their Critical Issues Finance MarketingOperations IT Human Resources Section 5: Competitor Analysis Conclusions Part 1: SWOT For each competitor briefly identify what you see as their strategic condition. Company 1: Company 2: Company 3: Strengths WeaknessesOpportunities Threats Part 2: Recommendations for client Having observed the strategy and condition of each competitor outline three to five strategic recommendations for our client with a brief justification for each. Recommendation Justification 1. 2. 3. 4. 5. Section 6: Resource List Please identify all sources used in compiling the information above. (List using APA formatting.) 6.1 Company 1 Resources 6.2 Company 2 Resources