Business Strategy Report: Internal Analysis, SWOT, and VRIO Analysis

This report provides a comprehensive analysis of business strategy, emphasizing the techniques organizations use to achieve sustainable success. It delves into the internal environment analysis, highlighting its importance in identifying goals, objectives, strengths, and weaknesses for effective strategic decision-making. The report utilizes SWOT (Strengths, Weaknesses, Opportunities, Threats) and VRIO (Valuable, Rare, Inimitable, Organized) frameworks to assess resources and competitive advantages. It further explains how competitive and environmental analyses contribute to setting valid strategic objectives. The conclusion underscores the necessity of appropriate analysis to enhance organizational efficiency and effectiveness. Students can find similar solved assignments and past papers on Desklib to aid their studies.

Business Strategy
• Introduction
• Analysis of internal environment
• SWOT Analysis
• Conclusion
• Reference

Introduction
Business Strategy can be defined as the techniques through that are used by organizations to
attain the level of sustainable success in the future in quite a proper manner. In this report, a
detailed focus can be put on the preparation of Business Strategy so that management of the
different types of needs and wants can be carried out in quite a proper manner.

Analysis of internal environment
Internal Environment means the analysis of internal situation of a
particular organization which helps in the deriving of conclusions and
recommendations which can be useful in taking of the appropriate
decisions quite effectively and efficiently.

SWOT analysis
• Strengths
• Weaknesses
• Opportunities
• Threats

VRIO analysis-
Resources Valuable Rare Inimitable Organized
Goodwill    
Technology   
Customer
Base
 
Employees 
• Valuable Resources
• Rare Resources
• Inimitable Resources
• Organized Resources

Continue…
There is a particular importance of carrying
out a detailed analysis of the internal
environment of an organization.
• Identification of goals and objectives
• Helps in bringing improvement

Analyze the strength and weakness
• It is important to note that there is direct impact
on internal factors on the strategic decision of an
organization.
• There are various points of strengths and
weakness that an organization have. If they will
analyse them the company will be able to work
on them and take effective decisions.

Apply competitive and environmental analysis to produce a
set of valid strategic objectives for company
• It is important to note that environmental and
competitive analysis helps an organization to
formulate effective decisions.
• It is necessary for a company to work according to
these changes in the market.
• It is seen that a company must conduct all such
analysis in order to achieve the tactics and
objectives formulated.

Conclusion
It is analysed that Business Strategy refers to a strategies that helps an
organisation to achieve success. Therefore, it is necessary that
appropriate analysis of the requirements is done. So, that the efficiency
and effectiveness level set by the organisation can be enhanced.

References
• Ali, B. J. and Anwar, G., 2021. Business strategy: The influence of Strategic
Competitiveness on competitive advantage. International Journal of Electrical,
Electronics and Computers. 6(2).
• Berisha Qehaja, A., Kutllovci, E. and Shiroka Pula, J., 2017. Strategic management tools
and techniques: A comparative analysis of empirical studies. Croatian Economic Survey,
19(1), pp.67-99.
• Bigelow, L. S. and Barney, J. B., 2021. What can strategy learn from the business model
approach?. Journal of Management Studies. 58(2). pp.528-539.
• Demartini, M. and Taticchi, P., 2021. How Environmental and Social Issues Affect
Business Strategy. Corporate Sustainability in Practice. pp.3-20.

Thank you