Business Strategy Report: Analysis of Key Strategic Elements

This report provides an overview of business strategy, focusing on key elements such as mission and vision, strategic planning, and the importance of adapting to changing environments. It explores various tools and techniques, including SWOT and PEST analyses, to assess internal strengths and weaknesses, as well as external opportunities and threats. The report also examines Porter's Five Forces model to understand competitive dynamics within an industry. The content includes the significance of these tools in strategic decision-making and provides references for further study. This report is a valuable resource for students studying business strategy, offering insights into the core components of effective business planning and analysis.

BUSINESS STRTERGY

Introduction
• Long term business plans that a company make to
achieve desired results are known as business
strategy.
• This help a company to keep their focus on objectives
and do not distract them in any other direction.
• It assist in retaining talented and experienced
employees in organisation.

Strategy context and terminology
• Business mission and vision are the main why is a
exist.
• A plan a company make they will always keep
mission in core of it.
• Strategic plans may change from time to time but
their focus is always to achieve the objectives of
company.

Issued involved in strategy planning
• Engagement
• Communication
• Innovations
• Project management
• Culture

Planning techniquesPlanning techniques
• There are various tools and techniques which can be
used by the cited business organization.
• These tools are
• SWOT analyses
• PEST analyses

SWOT Analyses
Strength The firm is having good market share.
Weakness They required quality workforce for
health and social care.
Opportunities They can go online health care
services.
Threats There are various new health
organizations which can increase
competition in the market.

PEST analyses
Political factor This factors is related with the political
stability and business policy.
Economic factor There are various elements such as
GDP growth rate, interest rate, inflation
rate, per capita income.
Social factor There are various factors such
population size, culture, beliefs and
attitude.
Technological factor It can help to provide competitive
advantage in the market and save time
and money.

PORTERS FIVE FORCES
• There are various factors which are given below:
• Threats of new entertains
• Bargaining power of suppliers
• Bargaining power of Buyers
• Substitute products and services.
• Rivalry from existing players.

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References
• Ang, L., 2011. Is SCRM really a good social media strategy?. Journal of Database
Marketing & Customer Strategy Management, 18.(3). pp.149-153.
• Burlton, R.T., 2015. Delivering business strategy through process management. In
Handbook on Business Process Management 2.(pp. 45-78). Springer Berlin
Heidelberg.
• Champoux and et.al., 2012. Corporate Facebook pages: when “fans” attack.
Journal of Business Strategy, 33.(2).pp.22-30.
• Davis, P.J., 2012. A model for strategy implementation and conflict resolution in
the franchise business. Strategy & Leadership, 40.(5). pp.32-38.

Thank You