HND Business Strategy: Strategic Planning, Techniques and Analysis

This report provides an overview of business strategy, focusing on strategic planning and various techniques. It assesses how business missions, visions, objectives, goals, and core competencies inform strategic planning, further analyzing factors considered when preparing strategic plans, including political, technological, economic, and legal aspects. The report evaluates the effectiveness of strategic planning techniques such as SWOT analysis, highlighting its advantages and disadvantages. It concludes that the successful implementation of a business strategy depends on a proper analysis of the external environment, with VWAG's objective being technological development aligned with customer preferences in the UK. The report references various sources on business strategy and strategic management.

Business Strategy

Table of content
• Introduction
• Business vision, mission and objectives inform strategic
planning
• Factors considered in preparing strategic plans
• Evaluation of strategic planning techniques
• Advantage and Disadvantage of SWOT
• Conclusion
• References

INTRODUCTION
 Today, it is important to formulate the strategic
planning. Large number of organisation are made their
strategies for a accomplishing the goals and objectives.
 The business strategy is part of management planning ,
it helps to develop and improve the organisation
performance.

TASK1

Business vision, mission, objectives, goals and
core competencies inform strategic planning
There are following aspects of VW AG:
•Mission statement
•Vision
•Aims
•Core competencies

Factors considered in preparing strategic
plans
Many factors have considered that influences the strategic
planning of organisation.
• Political factor
• Technological factor
• Economic factor
• Legal

Evaluation of strategic planning techniques
SWOT Analyses
This technique is very effective as it has been used by many
organisation as so Volkswagen

Advantage and Disadvantage of SWOT analyses
• Every business has see theirs strength then
according to this they work to improve their
brand. This cited organisation also focus to their
internal strength that helps for achieving growth
of company.
• Mostly all business are worked to theirs
strength , they do not much focus on their
weaknesses and threat,so it affects the
productivity of business.

Conclusion
As per the report it has been concluded that a effective
implementation of business strategy is depend on proper
analysis of external environment. The main objective of
VWAG is to technological development in their products
according to the preferences and needs of the customers
in UK.

References
Astrachan, J.H., 2010. Strategy in family business: Toward a
multidimensional research agenda.Journal of Family Business
Strategy.1(1). pp.6-14.
Bharadwaj, A. and et.al., 2013. Digital business strategy: toward a next
generation of insights.
Burlton, R., 2010. Delivering business strategy through process management.
In Handbook on Business Process Management 2(pp. 5-37). Springer
Berlin Heidelberg.
Campbell, D., Edgar, D. and Stonehouse, G., 2011.Business strategy: an
introduction. Palgrave Macmillan.
Cinquini, L. and Tenucci, A., 2010. Strategic management accounting and
business strategy: a loose coupling?.Journal of Accounting &
organizational change.6(2). pp.228-259.

Thank You