From your reading and research, write a brief essay, 1 page, outlining the four types of strategies used for analyzing for strategic deliveries and where they fall in the decision process. Include the who, what, where, why, and when in your essay. You may use your organization from your project or research a new organization in providing your examples.
Include references where needed.
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Introduction:
In today’s dynamic and competitive business environment, companies need to develop and implement effective strategies to stay ahead of their rivals. Developing an effective strategy requires an understanding of the organization’s internal and external environment, setting clear objectives, and determining the best course of action to achieve those objectives. Analyzing strategic deliveries involves using various techniques to identify opportunities, assess risks and evaluate the organization’s options. In this essay, we will outline the four types of strategies used for analyzing strategic deliveries and where they fall in the decision process.
1) SWOT Analysis:
SWOT (Strengths, Weaknesses, Opportunities, Threats) Analysis is a powerful tool for analyzing strategic deliveries, and it is widely used by organizations to assess their internal and external environment. The analysis involves identifying internal factors, such as strengths and weaknesses, and external factors, such as opportunities and threats that affect the organization’s ability to achieve its objectives. SWOT analysis is typically used in the early stages of the decision-making process to help set the organization’s direction and identify strategic options.
2) PESTEL Analysis:
PESTEL (Political, Economic, Socio-Cultural, Technological, Environmental, and Legal) Analysis is another tool used for analyzing strategic deliveries. It provides a framework for understanding the external environment in which the organization operates. The analysis involves identifying the various factors, such as government policies, economic conditions, social and cultural trends, and technological changes, that affect the organization’s operations. PESTEL analysis is typically used in the early stages of the decision-making process to identify potential risks and opportunities in the external environment.
3) Resource-Based View Analysis:
Resource-Based View Analysis is a tool used for analyzing the internal environment of an organization. It involves analyzing the organization’s resources, capabilities, and competencies to identify its strengths and weaknesses. This analysis is essential for understanding the organization’s competitive advantage and identifying potential areas for improvement. Resource-Based View Analysis is typically used in the later stages of the decision-making process to identify the resources needed to implement the selected strategy successfully.
4) Porter’s Five Forces Analysis:
Porter’s Five Forces Analysis is a tool used for analyzing the competitive environment in which the organization operates. It involves analyzing five key forces: the threat of new entrants, the bargaining power of suppliers, the bargaining power of buyers, the threat of substitutes, and the intensity of rivalry among existing competitors. Porter’s Five Forces Analysis is typically used in the early stages of the decision-making process to identify the organization’s position in the industry and the potential impact of external forces on the organization’s operations.
Conclusion:
Analyzing strategic deliveries is an essential part of the decision-making process for any organization. The four types of strategies discussed in this essay provide a comprehensive framework for understanding the organization’s internal and external environment, identifying strategic options, and evaluating potential risks and opportunities. Using these strategies effectively can help organizations develop and implement successful strategies that enable them to achieve their goals and stay ahead of their competitors.
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