Assignment 1

Purpose:

This assignment aims at ensuring that students have familiarised themselves with the foundational strategy development models and are able to relate them to current practical business examples.

Details

Write an essay explaining what the main strategy development tools are and how they are used in business. Your essay must contain a comprehensive discussion of 3 of the following: PESTEL,Five Forces, Resource-Based View, PROFIT,Input/Output, SWOT Analysis (you may include Cross Impact Analysis), Generic Strategies, Ansoff, Ghemawat,with reference to academic journa ls and practical examples  from industry.

In this essay, sub-headings are permitted. Be sure to use paragraphing.

Be sure to reference your sources in-text and provide a list of references at the end,allin Harvard

style.

Solution

Strategy Development

Introduction

Strategy development plays a critical part in the realization of an organization’s long-term goals and objectives. It involves the facilitation, research, analysis, and mapping of an entity’s abilities to accomplish a future that is envisioned and founded on current reality. Strategy development has to take into account an organization’s business and processes, technologies and the people’s capabilities in realizing their potential. An integral part of strategy development is an organization’s ability to bridge gaps that exist between the operational, tactical, and strategic aspects of business. For the process to be successful, it is important to prepare for planning by identifying and reviewing information that is relevant to a firm’s strategic plans. Additionally, it is vital to factor in the performance of high-level environment scan, looking into the external and internal business environments with consideration for the vision, mission, and question responses………………………..To access the rest of the solution for $10, please click on the purchase button.