Competitive Strategy Analysis: Tourism, Childcare, and Age Care Industries

HI6006
COMPETITIVE STRATEGY
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Contents
Essay...........................................................................................................................................................3
Lizard Island resort...............................................................................................................................4
Five force analysis model......................................................................................................................4
Umina Child Care centre......................................................................................................................5
SWOT analysis......................................................................................................................................5
Age Care Guild......................................................................................................................................7
Industrial Organisation Model (I/O)....................................................................................................7
References..................................................................................................................................................9
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Essay
In today's world, a market is full of competition with many new and innovative businesses. Each
and every business owner is giving tough competition to its competitors by generating various
strategies with the aim to achieve goals and objectives. Development of a strategy is very
necessary in order to compete and achieve success in the market. The strategy supports business
organisations to be successful by making innovative as well as creative services and products.
Development of a strategy also assists in doing an analysis of the market and competitors so as to
make plans accordingly. In order to make strategies, there are various strategy development tools
being used by the business firms like PESTEL, SWOT, five force analysis, resource-based view,
input/output model etc. In this assignment, there will be a discussion of the few models on the
basis of three chosen industries. Tourism, age care, and child care industry is being selected.
Under tourism industry ‘Lizard Island resorts' is selected, under age care ‘Age care guild' is
selected and under childcare ‘Umina Child Care centre' is selected. Three business strategy tools
will be applied to these companies and the proper analysis will be made.
Development of a strategy is one of the important things for the businesses as it assists in
delivering several outlines so as to attain goals and objectives for the achievement of success. It
is also important for the purpose of competitive strategy. Strategic planning is being termed as a
tool used for making decisions and applying changes in the in several business approaches for
the purpose of success (Rothaermel, 2015). The three strategic development tools like five force
analysis, SWOT, and I/O are being described here.
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