Business Strategy: Goals, Competencies, Strategic Plan Effectiveness

This essay provides an overview of business strategy, focusing on the importance of aligning business goals and core competencies for effective strategic planning. It delves into internal and external factors that influence strategy formulation, highlighting the role of tools like SWOT analysis and Porter's Five Forces model in assessing a company's strengths, weaknesses, opportunities, and threats. The essay also evaluates the effectiveness of different techniques used in developing strategic business plans, emphasizing the need for adaptability and responsiveness to market dynamics. The Den of Dragons investment plan is mentioned in relation to achieving set targets. The document concludes with references to relevant academic sources, supporting the analysis and arguments presented.

 Introduction
 Business goals and core competencies.
 Important factors for Business Strategy.
 Evaluation of the effectiveness of process
considered during developing strategic business
plan.
 References

Business Strategy:
 Type of management plan so that the working of the
company can be improved.
 Help the Den of Dragons for investment plan in
achieving set targets.

They have aimed at growing their market share through
debuting into the newer market with the products.

Mission:
To bring out the strategies for future so that their can be
good coordination between the consumer and at the
same time emphasis on quality of their products.
Vision:
To invent machines which are unique from other as
they contain various technological features.

Goal and Objectives:
They have the goals of growing their market share in
different nations of UK so that they can attract the
clients of their opponents..
To achieve the consumer satisfaction their objectives
aims at providing quality products.

Internal Factors:
Has to do with policies, culture and strategies of the
organisation and at the same time there will be analysis
if their values and beliefs.

External Factors:
Political factors are the crucial part of the business as
they decide the fortune of a company.
Unemployment, interest rate, and etc. are some of this
which can influence the tasks of the entertainment
industry.

Social factors revolves around the day to day interest of
the people and through analyzing these all the
strategies will be framed.

It is observed that all the products should be made after
taking the note that it is equivalent to future
technology..
Competitors are impacting the business in large way as
they also wants to increase their market so they are
also developing strategic plan.

SWOT Analysis:
This is a useful tool to know what are the strengths and
weakness of their company. So while framing the
business plan it will make sure that all the strengths
are used to make it efficient and at the same time
companies can grow their market share.