Kent Institute: BO1BSRE301 Business Strategy Analysis Report

This report delves into three pivotal business strategies: Rethinking and Reinventing Michael Porter’s Five Forces Model, Crafting Strategy by Henry Mintzberg, and Corporate Governance and Corporate Diversification Strategies by Raluca Florentina CREŢU. The first strategy examines the competitive forces that shape industries, identifying strengths and weaknesses, and suggests improvements to integrate Porter’s model with other factors for better business management. The second strategy focuses on crafting, emphasizing the importance of creativity in business management, and how managers can use past experiences to develop future strategies, adapting to customer needs. The third strategy explores the relationship between corporate governance and diversification, analyzing their interdependence and the benefits of corporate governance in promoting accountability, building reputation, and driving company value. The report also explores the causality between corporate governance and corporate diversification, highlighting the importance of organizational structure when applying diversification strategies. The strategies discussed aim to improve and transform business organizations, promoting ethical conducts and strong relationships between management, workers, and stakeholders, ultimately reducing risks and opening up wider market opportunities.