Stratigic Management
look to the attached documents. Read the attached article then write about it.
Analysis 4 – The Firm’s External Environment
Demonstrates exceptional skills in identifying the structural features of the industry that drive each of the five forces of competition.
• Exceptionalunderstanding of how the structural features of an industry influence competition and profitability
• Exceptionalunderstanding of Competition and Customer requirements in order to identify opportunities for competitive advantage within an industry (key success factors).
• Exceptionalability to apply the Porter’s Five Forces model to the given firm’s industry: For example, in what way might weak forces increase industry profits, and in what way do strong forces reduce industry profits?
Strategic Alternative 1
The strategic alternative derives from the analysis of the firm’s external environment.
• It focuses on how the firm can improve its competitive position so as to increase its power vis-à-vis the competitive forces that depress industry profitability
Analysis 5 – The Firm’s Internal Environment
Demonstrates exceptional skills in applying the tools and techniques of resource and capability analysis.
• Exceptionalability to identify the firm’s resources and capabilities in a systematic fashion
• Exceptionalability to appraise the extent to which the firm’s resources and capabilities confer competitive advantage
Strategic Alternative 2
The alternative derives from the analysis of the firm’s internal environment.
• It focuses on how the firm can exploit internal strengths while defending against internal weaknesses
Recommendation
It is clear that the specified set of recommendations will be successful.