Key Strategy Development

Key Strategy Development
Tools

Table of Contents
INTRODUCTION...........................................................................................................................3
Model 1 Pestel analysis...............................................................................................................4
Model 2 Ansoff matrix model.....................................................................................................5
Model 3 Porter’s Generic strategies............................................................................................7
Conclusion.......................................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
There are various business organisations in market which need to be flexible and have a good
planning as well as organisation skill for running a successful business. There are different
individuals working hard for starting business and making a lot of money. There are different
models which are analysed before starting any new business (C. Harris, and Daunt, 2013). These
are helpful for increasing the profits and reputation of company. It is an important aspect of
organisations that they must complete their tasks and activities in given time so that it is easy to
convince customers for buying the products of company. Competition is an important factor
which is evaluated while running businesses. There are other companies which are also selling
same product or service and so it is very important to innovate the existing products and services
so that it is easy to earn profits. There is a key concept of being successful in business which
includes evaluating all the risk which is part of business growth. Some of the models which are
explained in the following report are pestel analysis, ansoff Matrix and porter's generic
strategies. These are helpful in knowing what are the different factors of doing business in
present market. It is important for the business organisations to evaluate the various factors
involved in in managing the activities and tasks of businesses.