INTRODUCTION The volatility of market conditions and changing business environment has necessitated the adoption of strategic thinking and management. It systematizes the organisational decision making and actions towards the achievement of determined goals and objectives. For optimum allocation of resources and maximization of profits, business organisations caters towards the management in the strategic manner. It is the structured and planned approach towards realizing the core competencies of the organisation and ensure hight growth and development. Present report is prepared to elucidate different aspects of strategic management and its implementation in organisations under different frameworks. For the purpose, world's leading nutrition, health and wellness company, Nestle S.A. Is taken into account. Overview of the company Established in 1866, Nestle is the transnational food and drink company which serve people in 194 countries through a wide product line. Its product range includes dairy products, frozen food, baby food, snacks, coffee and tea, breakfast cereals and many others. It is the recognized organisation with the number of credentials and global awards for the quality of its products (Chapman, 2015). This profitable organisation is ranked number one in terms of revenue generated by it in a year with the annual sales of around US$1.1 Billion. TOOLS ANALYSIS Pestle Framework In order to analyse the competency of the working the tool of analysis used is PEST. 1 Illustration1: Nestle's Business Strategy
POLITICAL: Nestle organisation is working in number of countries. Each country is having different types of political scenario along with the framework of laws and regulations. In that regard it is stated that organisation is complying with the legal and political framework prepared at the place. In this way it enables its working in the legitimate manner. ECONOMIC: With different economic conditional prevailing in varied geographical locations, Nestle is making the financial and price decisions in accordance with that. In that regard it is found that the profitability and revenue generation criteria differs as per the existing conditions. SOCIAL: In order to satisfy the customers to the utmost level Nestle is many the wide range of products and services as per the needs and wants of consumers in different sections. Along with that special considerations are made with respect to the environmental needs and wants. In that respect procedures are made sustainable and eco-friendly in all respects. TECHNOLOGICAL: Nestle is using the high technology methods for all its operations. Such as communication and connectivity is made smooth and effective through different manner. Further, it enables the working in the fast and accurate way that derives the growth and development in the larger extent. STRATEGIC FRAMEWORK Each organisation functions with the define format of strategy and the management tools and techniques. It enables it to have the greater amount of growth and development. In order to make the assessment of the strategic framework of the selected organisation SWOT analysis is being performed. Strengths With the history of working around 150 years and having more that 25 brands under it has enabled it to have the great corporate image that has created the edge in terms of reliability and quality (Ritter and Gemünden, 2014). It also has the brand reputation of more than 7 billion. It has the wide stream of product portfolio that enables it to reach the customers in one o the other form in the lucrative manner. It makes Nestle unmatched and unrivalled. Large presence with the efficiency and smooth distribution channels increases the working quality and excellence. 2
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