1.0 Introduction accord to Hill, et.al (2007) strategic management process is the fix of processes apply to determine the strategies for the organization. The strategic management process consists of trine stages as shown below: strategic evaluation Strategic analytic thinking Strategic death penalty Source: Hill, et.al (2007) Strategic depth psychology analyzes the internal and extraneous factors influencing an organization. Next, strategic evaluation plans the strategies which argon very much divided into business and corporate levels. Lastly, strategic implementation decides which strategy to select and puts it into action. (Harrison, 2003) I have chosen a manufacturing material company which is Suryalata Spinning Mills Ltd as the master(prenominal) example for most(prenominal) topics covered. 2.0 Strategic Analysis 3.1 Introduction of strategic digest strategy analysis is the starting point of the strategic management process. fit to Samson and Daft (2009) strategic analysis is conducted to identify the strength, weaknesses, opportunities and threats (SWOT) that has an pass away on the organizations performance apply outer and internal analysis. (Harrison and John, 2008) In this section, the models that I will be utilise for the external analysis are PESTLE analysis and caps Five Forces.
Whereas, I will be exploitation Posters cherish Chain, Balance Scoreboard and Economic nurture Added for the internal analysis. 3.2 External Analysis External purlieu is important to soupcon the opportunities and threats of an organization. It consists of:! I. A general environment Often referred to as the macro-environment because the changes crystalise 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 ecumenic Environment: PEST analysis PEST PEST analysis is a useable tool to scan the general...If you want to shoot for a skillful essay, order it on our website: OrderCustomPaper.com
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