Entrepreneurial Strategy Report: Analysis and Framework Application

This report provides a detailed analysis of entrepreneurial strategies, focusing on various frameworks and models used to evaluate business operations and gain competitive advantages. The report begins with an introduction to entrepreneurship, emphasizing innovation, risk-taking, and strategic planning. It then delves into specific models, including SWOT analysis for identifying internal strengths and weaknesses, and the VRIO framework for assessing internal resources. The PESTLE analysis is used to examine external factors, while Porter's Five Forces model assesses industry competition. The report also covers change management strategies and the Ansoff matrix for market penetration and development. The analysis is exemplified through a case study of Southern Business Technologies. The report concludes by summarizing key strategies and their impact on business success, alongside a reflection on the learning process. References and an appendix with group member reflections are included.

Entrepreneurial Strategy

TABLE OF CONTENT
Introduction
SWOT analysis
 VRIO framework
Pestle Analysis
Porter five forces
 Change management
Ansoff matrix

INTRODUCTION
Entrepreneurial is a person that has ability to bring new
innovation and creativity through planning to start a new
enterprise and bearing sufficient amount of risk.
Entrepreneur is an Individual that planned various
strategies for effective operation of business and
achievements of specific goals. It has critical thinking and
effective time management skills that helped entrepreneur
to gain competitive advantages in particular industry. There
are various strategic model that are used by entrepreneurial
to known about various internal and external factors that
affects operation of business.

Model for evaluation of organisation strategic
capabilities and position of organisation
SWOT analysis is a model that is used to indentify
internal strength and weakness of firm that can be used to
make effective utilisation of available opportunities.
Strength
Quality of technology and services South business
technologies strength lies in its quality of technology and
services that it render to target customers in order to earn
sufficient amount of profitability.

VRIO Framework
It is model that is used by entrepreneur to identify internal
resources and capabilities of organisation that company
can uses to gain competitive advantages Therefore for
components of VRIO Framework can be used to
evaluation organisation strategic capabilities and market
position of Southern business technologies such as:

Valuable Rare Imitable Organisation
Management system Yes No Yes Yes
Human resource Yes No Yes Yes
Technologies Yes Yes Yes Yes
Organisational structure Yes No Yes Yes

VRIO FRAMEWORK
Valuable: Southern business technologies have valuable
management system and highly skilled, qualified and
experienced employees that are working together for
accomplishment of specific task so that company can earn
maximum profit margin.
 Rare: Technologies of Southern business technologies
is rare as it have used innovative and differentiate
techniques to deliver qualitative services to customers.

Pestle analysis
It is another model that is used to analysis various
external factors that adversely impact on performance and
operation of organisation.
Political Factors:. Southern business technologies is a
small enterprise that helps in better connection between
people that are staying away from each other therefore
Brexit have not adversely impacted on company.

Social Factor: They likes to share information or
exchange ideas, view through use of such social medium
therefore southern business technologies through
providing telecommunication services helps in satisfaction
of their needs beyond their expectancy.
Company has used innovative technologies to provide
better network connection so that various individual can
easily share their information within limited time frame.