Strategy, Enterprise and Innovation Assignment Solution

   

Added on  2020-10-04

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STRATEGY, ENTERPRISEAND INNOVATION
Strategy, Enterprise and Innovation Assignment Solution_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1a.) Critically analyse internal resources and capabilities............................................................1b.) Identify the key drivers of change in external environment and their impact.......................2c.) Porter's five forces model.......................................................................................................3TASK 2............................................................................................................................................4a.) Critically evaluating two strategies which can help in earning opportunity in market. ........4CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................9
Strategy, Enterprise and Innovation Assignment Solution_2
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INTRODUCTIONStrategy and innovation is a base for any organisation and it aids an association whileselling their product and services in better manner. Moreover, strategy is being made after havinga research and it helps an enterprise to have an proper working in firm as well as such thing willsupport overall business towards attainment of their goal and objective in correct prospect even(Jones and English, 2010). The report is based on ROLEX which is founded in year almost 1905by HANS WILDORF and ALFRED DAVIS. Along with this, assignment is going to analyse theinternal resource and capability, key drivers of external environment and its impact onorganisation. Moreover, Porter's five force models and having any two strategic options whichwill be recommended, and even the selection of each strategy is outlining in this project. TASK 1a.) Critically analyse internal resources and capabilities.According to (Cooke, 2015) states that, ROLEX is having a great internal strength whichhelp them to have an effective working environment at organisation and they have a greatresearch team as well which make them to have a proper criteria of working. Internal resourcecan be of any kind of like (financial and physical), and in tangible it is like ( Technological,reputation and human resource) and although it is such which help company to have a effectivetask completion in right contrast. These resources as help company to have attainment of theirgoal and objective in correct format as well.Financial resource: Even the ROLEX is having a great financial reputation in marketand company is working and serving millions of people and customer with their quality productand service in right manner and thus they earn in higher way, moreover this is something whichneeds to be consider and the borrowing capacity of the company should be good and the firm hasto have a greater fund generating entity and thus somewhere this help to determine the capacityas well and thus in market there are fluctuation in the demand and profits as well. If ROLEXcompete in right contrast then they have a finance part in strengthening scenario. Physical resource: This is something which is related to plan, equipment, assets andtechnology which is a raw material. Although it is being resale value of the asset and age of thecapital equipment and flexibility of PPE and this should be taken care in right prospect and thishas to be a proper one so that ROLEX can bring physical resource in strengthening position. 1
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