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P3 Applying Porter’s Five Forces model evaluate the competitive forces

   

Added on  2021-02-20

10 Pages2712 Words118 Views
Business DevelopmentProfessional Development
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Business Strategy
P3 Applying Porter’s Five Forces model evaluate the competitive forces_1

Table of ContentsINTRODUCTION...........................................................................................................................3MAIN BODY...................................................................................................................................3P1 Applying appropriate frameworks analyse the impact and influence of the macroenvironment on a given organisation and its strategies..........................................................3P2 Analyse the internal environment and capabilities of a given organisation using appropriateframeworks.............................................................................................................................4P3 Applying Porter’s Five Forces model evaluate the competitive forces of a given marketsector for an organisation.......................................................................................................5P4 Applying a range of theories, concepts and models, interpret and devise strategic planningfor a given organisation..........................................................................................................6CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10
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INTRODUCTIONBusiness strategy is defined as the course of action or even set of decision which helpsorganisation to achieve their specified goals. It is necessary because it helps to prepare plan andpolicies on which company is required to work for accomplishing the targets. The organisationwhich has been selected in this project is Asda Store Limited. It is one of the supermarket retailercompany whose headquarter is in Leeds, West Yorkshire. It was founded by J.W. Hindell. Itmainly deals in the field of groceries, clothing, furniture, home appliances and many more. Inthis project, the topic which are to be discussed is related with PESTLE analysis, SWOTanalysis. Also, there will be brief discussion on Porter's five forces and why it is important and inthe last section strategic planning will be explained. MAIN BODYP1 Applying appropriate frameworks analyse the impact and influence of the macro environmenton a given organisation and its strategies.Every organisation is required to know about the external factors through which day today working activity can be affected. In context of Asda store, they are required to be aware
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