This assignment aims at ensuring that students have familiarised themselves with the foundational strategy development models...

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General Management

This assignment aims at ensuring that students have familiarisedthemselves with the foundational strategy development models andare able to relate them to current practical business examples. .Details Write an essay explaining what the main strategydevelopment tools are and how they are used in business in 1500words. Your essay must contain a comprehensive discussion of 3 ofthe following: PESTEL, Five Forces, Resource-Based View, PROFIT,Input/Output, SWOT Analysis (you may include Cross ImpactAnalysis), Generic Strategies, Ansoff, Ghemawat, with reference toacademic journals and practical examples from industry.

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Mason Kjellberg and Hagberg 2015 conducted an analysis according to which effective business strategies play a significant role for organizations to achieve goals and objectives in the competitive business environment The selected five tools that have been analysed in this assessment include PESTEL Porter Five forces SWOT Ansoff Matrix and Porter Generic Strategy Tool 1 SWOT analysis The SWOT analysis tool is basically used to investigate how internal and external business environment influences the performance of the organization There are four quadrants of SWOT analysis including Strengths weaknesses opportunities and threats Threats and opportunities denote the external business environment whereas strengths and weaknesses stand for the internal business environment Advantage and See Answer

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