Explain what the main strategy development tools are and how they are used in business.
Essay – Key Strategy Development Tools
Students are required to write a Comprehensive discussion of any four of the strategy models, with practical application to current business examples
Assignment 1 Specifications
Purpose:
This assignment aims at ensuring that students have familiarised themselves with the foundational strategy development models and are able to relate them to current practical business examples.
Details
Write an essay explaining what the main strategy development tools are and how they are used in
business. Your essay must contain a comprehensive discussion of 4 of the following: PESTEL, Five
Forces, Resource-Based View, PROFIT, Input/Output, SWOT Analysis (you may include Cross Impact
Analysis), Generic Strategies, Ansoff, Ghemawat, with reference to academic journals and practical
examples from industry.
In this essay, sub-headings are permitted.
Be sure to use paragraphing.
Be sure to reference your sources in-text and provide a list of references at the end in Harvard
style.
Answer preview for explain what the main strategy development tools are and how they are used in business.
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