UNIT 7 Business Strategy : Report
Added on 2020-06-05
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UNIT 7BUSINESS STRATEGY
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1, 1.2 &1.3 Covered in PPT.....................................................................................................1TASK 2 ...........................................................................................................................................1LO2.............................................................................................................................................12.1 Organisational audit..............................................................................................................12.2 Environment audit.................................................................................................................32.3 Stakeholder analysis..............................................................................................................42.4 A new strategy for VW AG..................................................................................................5LO3.............................................................................................................................................53.1 Alternative strategies appropriateness...................................................................................53.2 Justification for new strategy................................................................................................6LO4.............................................................................................................................................64.1 Roles & responsibilities of personnel at various levels while implementing new strategy. .64.2 Resource requirements for implementing a new strategy for VW AG.................................74.3 SMART targets.....................................................................................................................8CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10
INTRODUCTION“Business strategy is a better plan for improved future.” Hence, it is necessary to makeappropriate strategies to achieve goals in an organisation. There are various tools and techniqueswhich are to be considered while making strategies as they have an impact on it directly orindirectly. A good business strategy may lead business to endeavour success whereas lack in same may leadto failure. This document is a complete study which will justify need for strategies in a businessas well as various requirements which are necessary for making these plans to achieve settledgoals. Various stakeholder’s analysis current positioning of company VW AG while working in NewPhoenix which is a consultancy for strategic planning and is appointed for so by VW AG havebeen specified in this justification. There are ample of resources in an organisation which alsoneed to put to work to have their maximum utilisation as well as their proper deployment ajustification about how to do it is also there in this written report. Target which company canhave for its operations as well as their illustration have been also specified in this study ofbusiness strategy. TASK 11.1, 1.2 &1.3 Covered in PPT1
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