Formulating a strategic plan of the chosen organization

Unit 7 Business Strategy - SWOT and PESTLE Analysis - Level 5 (Diploma in Business)

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Part 1

Overview Of Tesco Plc

Part 2

Task 1

Question 1 Using your chosen organization as an example assess the business mission, vision, goals and objectives as well as the core competencies.

Question 2 Analyse the factors that have to be considered when formulating a strategic plan of the chosen organization.

Question 3 Using your chosen organization, evaluate the effectiveness of at least two techniques used when developing strategic business plans for your organization, for example, the Ansoff's Matrix and BCG Matrix

Task 2

Question 1 Analyse the current strategic position of your chosen organization by conducting an organizational audit (Using SWOT and Product Positioning).

Question 2 Using appropriate method and tools such as PESTLE Analysis, carry out an environmental audit of your chosen organization.

Question 3 Assess the significance of stakeholders' analysis when formulating a new strategy for your chosen organization.

Question 4 Present the new strategy for your chosen business based on organization audit and stakeholders analysis.

Task 3

Question 1 Analyse the appropriateness of alternative strategies relating to market entry, substantive growth, limited growth or retrenchment of your chosen organisation.

Question 2 Based on the appropriateness of alternative strategies, justify the selection of the new strategy for your chosen organisation.

Task 4

Question 1 Access the role and responsibilities of the personnel in charge of implementing the Strategy.

Question 2 Analyse the estimated resource requirements for implementing a new strategy.

Question 3 Evaluate the contribution of SMART targets to the achievement of the strategy implementation.

Unit 7 Business Strategy SWOT and PESTLE Analysis is a core unit in the Level 5 Diploma in Business. This unit provides students with the knowledge and skills to develop and implement effective business strategies.

A SWOT analysis is a tool used to identify the strengths, weaknesses, opportunities, and threats of a business. A PESTLE analysis is a tool used to identify the political, economic, social, technological, legal, and environmental factors that can impact a business.

Both SWOT and PESTLE analyses are essential for businesses of all sizes, as they can help businesses to:

• Identify their competitive advantages and disadvantages
• Understand the external environment in which they operate
• Develop strategies to capitalize on their strengths and opportunities, and to mitigate their weaknesses and threats

When completing your Unit 7 Business Strategy SWOT and PESTLE Analysis assignment, there are a few things you should keep in mind:

Make sure you understand the requirements of the assignment. Read the assignment brief carefully and make sure you understand what you are being asked to do.
Do your research. Gather as much information as you can about the business you are analyzing. This will help you to identify the business's strengths, weaknesses, opportunities, and threats, as well as the political, economic, social, technological, legal, and environmental factors that can impact the business.
Be specific and provide evidence to support your claims. When identifying the business's strengths, weaknesses, opportunities, and threats, and the political, economic, social, technological, legal, and environmental factors that can impact the business, be specific and provide evidence to support your claims.
Write a clear and concise report. Your report should be well-organized and easy to read. It should also be concise and to the point.

If you follow these tips, you will be well on your way to completing a successful Unit 7 Business Strategy SWOT and PESTLE Analysis assignment.

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