Strategy Evaluation

Strategy evaluation

Table of Contents
INTRODUCTION ..........................................................................................................................3
MAIN BODY...................................................................................................................................3
Q.1. Critically evaluate the value of clear purpose , mission, vision, objectives in setting
strategic directions of company .With the help of examples explain the views of organisation
Deloitte to put forward?..............................................................................................................3
Q 2. In the process of assessing a competitive advantage, this can be evaluated using four
attributes under the acronym VRIO. As a matter of example, assess the competitive advantage
of the company you selected, using the VRIO framework.........................................................5
Q.3. With the help of PESTLE external factor of business you selected is analyse?.................7
Q.4 Porter's Five Force Model?..................................................................................................8
Q.5.On the basis of analysis review strategy of organisation.....................................................9
CONCLUSION .......................................................................................................................10
REFERENCES..........................................................................................................................11

INTRODUCTION
Business strategy is a plan which is made for long term for our firm to reach towards
desired objectives. As goals of the company are cover in this strategy. In this type of services we
plan to build, clients whom firm wants to give services and the market that company serve to
earn profit. The consulting firm that was selected in this assignment is “ Deloitte ”. As it is part
of one of the most famous audit and consulting firm big four. It provide services like financial
advisory, consulting firm, audit, tax services, risk management , etc with the help of their firm
members. It operate their services in around one hundred and fifty countries. In the year 1845 it
was founded by William Welch Deloitte. He was first accountant who was appointed as
independent auditor in public company '' Great Western railway''. In 1880 his first office is
opened in London. Their Professional give independent financial statement as well as perform
internal audit control, as per latest standards which tends to make focus on quality. A part of top
most management consultancy firm in world, Their consultant offer global experience and local
knowledge to support focus on big picture and also try to succeed in private and public business
environment. The topics that were included in this report are Evaluation of value of clear
purpose, vision, mission and objectives in setting strategic direction of company. With suitable
examples from chosen organisation explain the views that put forward. With the help of acronym
VRIO assessment of competitive advantage of Deloitee firm is done in this report. External
environment of Deloitte business is to be analysed with the help of PESTLE. To access
competitiveness of firm porter's five forces model is done in this project. On the basis of analysis
organisation strategy is to be review.
MAIN BODY
Q.1. Critically evaluate the value of clear purpose , mission, vision, objectives in setting
strategic directions of company .With the help of examples explain the views of
organisation Deloitte to put forward?
Purpose: The main purpose of Deloitte is to design services in such a manner so that it
help clients to achieve measurable benefits. Advancing skills and continually develop as
professional and making a difference over course of career. To serve the purpose Deloitte
heavily invest large amount in leadership skills and development training.

Mission: Main mission of company is to give expert advice as well as effective solution.
Deloitte plays an important role to help both capital market and our member firm clients who
operate effectively. The main mission of firm is to help clients as well as our people excel. As it
is most famous advisory firm , their resources, size helps to achieve mission now as well as in
future also. To act with integrity and earned public and client trust is the mission of Deloitte. The
statement mission include various component like transforming organisation, global reach and
improving quality of services.
Vision: To become client's partner of choice. In collaboration with member firms
partners and leadership , firms vision and strategy is developed. It focuses on working together
as on across functional , geographic and business border to deliver excellence in services which
is provided by member firms. Excellence standard is the first choice after client and talent
sought. Deloitte aim as first choice of clients in financial professional services as it aspire to set
excellent standard in industry.
Objectives of the company:
 To attract and engage large number of clients
 To provide excellent consultancy services regarding taxation, auditing, accounts.
 Try to maintain and create progressive work environment.
 Solving problems of the clients
 effectiveness of organisation improving permanently
Ansoff model
1. Market Penetration: In such type of strategy , company take entry in new competitive
market with their already exist product and services. Expansion of business means
expanding into region, customer segment, new geographies etc.
2. Product and service Development: In this new services and product is developed by
company to offer services to those market which is already exist. Additionally in this
strategy innovative solutions are also provide to clients. In many ways respective strategy
can be implement such as Joint venture with other firms to meet the objectives. To do
partnership with various other big firms to achieve the goals.
3. Market Development: In this firm take entry into new market with their already exist
products and service . Introducing in new market means making expansion in new
geographies. Regions etc.