Strategy

1.0 Introduction accord to Hill, et.al (2007) strategic management process is the repose of processes apply to determine the strategies for the organization. The strategic management process consists of 3 stages as shown below: strategic evaluation Strategic compendium Strategic death penalty Source: Hill, et.al (2007) Strategic epitome analyzes the internal and extraneous factors influencing an organization. Next, strategic evaluation plans the strategies which argon a lot divided into business and corporate levels. Lastly, strategic implementation decides which scheme to select and puts it into action. (Harrison, 2003) I have chosen a manufacturing stuff company which is Suryalata Spinning Mills Ltd as the master(prenominal) example for roughly topics covered. 2.0 Strategic Analysis 3.1 Introduction of strategic analytic thinking lineation analysis is the starting point of the strategic management process. harmonize to Samson and Daft (2009) strategic analysis is conducted to identify the strength, weaknesses, opportunities and threats (SWOT) that has an effort on the organizations performance apply foreign and internal analysis. (Harrison and John, 2008) In this section, the models that I will be utilize for the external analysis are PESTLE analysis and measures Five Forces.

Whereas, I will be utilize Posters cherish Chain, Balance Scoreboard and Economic hold dear Added for the internal analysis. 3.2 External Analysis External purlieu is important to breaker point the opportunities and threats of an organization. It consists of: I. A ! general milieu Often referred to as the macro-environment because the changes indue have an effect that transcends firms and specific industries. II. A competitive environment - Consist of the industry and markets in which an organization competes. Source: (Henry, 2008) 3.3.1 The ecumenical Environment: PEST analysis PEST PEST analysis is a useable tool to scan the general...If you want to subscribe to a skillful essay, order it on our website: OrderCustomPaper.com

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