Strategic Management Practices by Morrison PLC, UK. Analysis, Lessons and Implications
Author(s)
Muhammad Jehangir , Dr. Iqbal Saif , Dr. Zulifiqar Haider Zaidi , Jamshed Halepota , Shahid Jan Kakakhelb , Muhammad Tariq ,
Download Full PDF Pages: 194-201 | Views: 380 | Downloads: 95 | DOI: 10.5281/zenodo.3470658
Abstract
The study critically analyzes strategic moves made by Morrison PLC,based in United Kingdom (UK), in terms of its merger, environment, and marketing mix. First chapter documents differences in culture, structure, and leadership before and after merger and its impact on firm’s performance by using McKensy 7S Framework. In second chapter, Michael Porter Five Forces Model, SWOT analysis, Value Chain are applied to analyze the macro environment, internal and external analysis, and to understand where the company is performing better (core competencies) respectively. Finally, marketing mix which is also known as 4Ps (Product, Price, Place and Promotion) and the firm’s fit with market needs are documented followed by important lessons and implications. After thorough analysis, poor management, overconfidence, different customer base, culture imposition, positioning strategy and low stakeholder confidence are found to be responsible for the poor performance of the Morrison after merger.
Keywords
Merger, 7S Framework, Five Forces Model, Value Chain Analysis, SWOT, Marketing Mix, 4Ps, Morrison PLC
References
- Airi Rovio-Johansson. 2007. Post-acquisition integration: ways of sensemaking in a management team meeting. Qualitative Research in Organizations and Management 2, no. 1
- Andrews, K. R. (1997). The Concept of Corporate Strategy. Resources, firms, and strategies: a reader in the resource-based perspective, 52.
- Baker, M. 2003. The Marketing Book. Oxford: Boston ButterworthHeinemannhttp://www.netlibrary.com/Reader/ [10/05/2009]
- Bokaie J. 2008. Scaling the heights. Marketing
- BBC. 2004.Morrisons seals Safeway takeover [dated 08/03/2004]
- BBC. 2003. Morrisons gets Safeway green light. [dated 26 September, 2003]
- Campbell D, Stonehouse G, Houston B. 2003. Business Strategy: An Inroduction . 2nd edition. Oxford: Butterworth Heinemann.
- Chatteji, S. 2008. The Key to Successful Acquisition Programmes. Long Range Planning Volume 42, Issue 2.
- David, P. and Amanda, B. 2005.Integrated Marketing Communications [online]. 2nd Edition. Pearson Education UK.
- Hill and Jones. 1998. Strategic Management: An Integrated Approach, 4th edition. New York: Houghton Mifflin Company.
- Johnson G, Sholes K, Whittington R. 2008. Exploring Corporate Strategy: Text and Cases. Edt 8 th. England :Prentice Hall.
- Kumar N. 2009. How Emerging Giants Are Rewriting the Rules of M&A. Harvard Business Review MORRISONS: Bridging the north-south divide. 2006. Marketing Week Morrisons ready for Safeway rebranding. 2004. In - Store
- Mortimer R. 2009. MORRISONS: Triumph at the tills? Marketing Week
- Porter, M.E., 1980. Competitive Strategy: Techniques for analyzing Industries and competitors, Free Press.
- Roy, A.2009. M & A Strategies: Downturn Leaves No Room for Error; Accountancy Ireland.
- Rigby E. 2008. Supermarkets offer Christmas price cheer. Financial Times
- Shifrin, T. 2006. Tesco bags two-thirds of online grocery market. Computerweekly.com [04/10/2006] http://www.computerweekly.com/Articles/2006/10/04/218883/tesco-bags-two-thirds-of-online-grocerymarket.htm
- TNS. 2008.Morrisons Storms into 2008 : TNS Worldpanel Supermarket Share Information. [05/02/2008]
- http://www.marketresearchworld.net/index.php?option=com_content&task=view&id=1845&Itemid=48
- BBC. 2003. US firm drops Safeway interest (dated 24 February, 2003) www.bbc.co.uk
- http://news.bbc.co.uk/1/hi/business/2794021.stm Annual Report. 2009. Morrisons Annual Report and Financial Statements. http://www.morrisons.co.uk/Documents/12_Corp_gov_report.pdf
- Annual Report. 2005. Report and Financial Statements 2005. www.morrison.co.uk
- http://www.morrisons.co.uk/Documents/AnnualReport_FinStat_05.pdf
- Annual Report. 2004. Report and Financial Statements 2004. www.morrison.co.uk
- http://www.morrisons.co.uk/Documents/AnnRet_FinState2004.pdf
- Presentation. 2006. Preliminary Results. [29/01/2006] www.morrison.co.uk
- http://www.morrisons.co.uk/Documents/Analyst_Pre_0506.pdf
- Morrisons. 2009. About us. http://www.morrisons-corporate.com/About-us/