Unit 7 Business Strategy

Unit 7 Business Strategy

Task 1

You are required to select a business organization which you are familiar with preferably listed in London stodc market or stodc market in your country of origin and research its business activities before writing a preliminary report based on following:

Analyze the factors that have to be considered to formulate strategic plans. How does Ansoff's matrix help your chosen finn to manage the strategic decision to consider business plan.

Evaluate the effectiveness of strategic planning techniques to be used what developing strategic business plan.

Task 2

Conduct an organizational audit of the chosen business. How the evaluation of Porter's five forces model in the perspective of your chosen organization is useful for business environment and strategic positioning.

Explain the significance of stakeholder analysis while formulating new snategy of your chosen business.

Present a new strategy for the chosen business based on organizational audit and stakeholder analysis.

Task 3

Evaluate appropriateness of alternative strategies relating to market entry, substantive growth, limited growth or retrenchment of your chosen organization.

Select an appropriate future strategy and justify why you selected that strategy for the chosen business organization.

Task 4

Analyze how you would plan for the implementation of the strategy in the perspective of the issues.

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