HND Business Level 5: Business Strategy - Planning and Formulation

This report provides an overview of business strategy, focusing on the importance of strategic planning for organizations to achieve their goals and objectives. It discusses Volkswagen's mission, vision, goals, objectives, and core competencies, highlighting their significance in strategic formulation. The report analyzes factors critical in strategic planning, including SWOT and PESTLE analysis, and evaluates the effectiveness of these techniques. It also examines internal and external environmental factors affecting organizational operations, emphasizing the company's focus on innovation and technology adoption to deliver quality products. The report concludes that both internal and external factors directly and indirectly affect the operations of the organization. Desklib is a platform where students can find similar solved assignments and past papers.

Task 1
Business strategy

Table of content
• Introduction
 Volkswagon vision, mission and others
 Important in strategic formulation
 Effectiveness of techniques
 Conclusion
 References

Introduction
Effective strategic planning is very important fo
r any kind of organisation for achieve their goal
s and objectives. Business strategy is play very i
mportant role in management planning because
with use of these strategies a company can deve
lop and improve their performance.

Volkswagon vision, mission, goals, obj
ectives and core competencies
 Mission
 Vision
 Goals
 Objectives
 Core competencies

Factors which is very important in strat
egic formulation
 Identify the SWOT
 Analysis PESTLE analysis
 Identification of SWOT matrix

Effectiveness of techniques
 SWOT MODEL
 Advantages of SWOT analysis
 Disadvantage

Continues..
 PESTLE analysis
 Political
 Economical
 Social
 Technological
 Legal
 Environmental

Conclusion
As per this report it can be concluded that interna
l and external factors of environment are directly
and indirectly affect the operations of the organis
ation. Cited company is focuses on innovation ad
opt new technologies for their manufacturing so t
hat they can give their best and quality products t
o the customers.

REFERENCES
Moseley III, G.B., 2017.Managing Health Care
Business Strategy. Jones & Bartlett Learning.
Ireland, R.D., Hoskisson, R.E. and Hitt, M.A., 20
12.Understanding business strategy concepts plu
s. Cengage Learning.
Chang, J.F., 2016.Business process management
systems: strategy and implementation. CRC Pres
s.

Thank you