logo

Strategic Thinking Assignment - BUTTLES Plc

8 Pages2010 Words196 Views
   

Added on  2020-10-23

Strategic Thinking Assignment - BUTTLES Plc

   Added on 2020-10-23

ShareRelated Documents
STRATEGICTHINKING
Strategic Thinking Assignment - BUTTLES Plc_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASKS.............................................................................................................................................11. Strategic issues.........................................................................................................................12. Current strategies and future trends.........................................................................................3CONCLUSION................................................................................................................................5REFERENCES................................................................................................................................6
Strategic Thinking Assignment - BUTTLES Plc_2
INTRODUCTIONStrategic thinking is a tool which helps in defining various ways of thinking, viewing,assessing as well as creating the future to determine the efficient and advance use of availableresources. For analysing the strategic issues and decisions, BUTTLES Plc is selected(Chkhartishvili and Korepanov, 2016). The selected firm is operating its activities in Timber &Builder and it was founded in 1919 and situated in London. This project report includes keystrategic issues, current strategies, future trends as well as detail analysis of competitors of theorganisation. TASKS1. Strategic issuesBusiness environment analysis is a systematic process which helps in identifying theexternal along with internal elements which affects the performance of any business. There arevarious external as well as internal factors constituted with any business. The external factorsincludes technological changes, competition, legal laws, economic, social and politicalenvironment. The internal factors includes employees, managers, money, organisational culture,working environment. There are various factors which are manageable or controlled abut at thesame time distinct factor are not manageable or uncontrolled and these impacts variouscircumstances. Such analysis helps in perceiving own position in relevance to its competitors inthe market.PESTLE Analysis is used for analysing any industrial sector. Such analysis helps inscanning and monitoring the external macro factors which influence the working of anyorganization. PESTLE stands for political, economic, social, technological, legal andenvironmental (Moutinho and Vargas-Sanchez, 2018.). This tool provides a concept related tothe business position, market decline or growth, its potentiality and also gives directions for theoperations of any business. The PESTLE analysis of retail sector is as follows:Political factors: Thesefactors have influence in the smooth functioning of operations ofany organization. These factors are related to effect of government's rules and regulations, plansand policies in an economy. Such regulations affects the revenue, import, export, profitability ofthe sector at great extent.1
Strategic Thinking Assignment - BUTTLES Plc_3

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Journal of International Social Research
|9
|1964
|21

Business Strategy: Telecommunication Sector
|16
|3687
|94

Business and Business Environment
|8
|1993
|89

Global Business Environment
|5
|837
|61

Strategic Management for H&M
|13
|3180
|93

Strategic Management of H&M
|13
|3466
|60