Polaroid's Strategic Planning: An In-Depth Business Analysis

This report provides a comprehensive analysis of Polaroid's business strategy, examining both the external and internal factors influencing its market position. The analysis employs several key business models, including PESTLE analysis to assess the impact of political, economic, social, technological, legal, and environmental factors; the McKinsey 7S framework and VRIO model to evaluate internal capabilities and resources; and Porter's Five Forces to understand the competitive landscape. The report interprets and devises strategic planning recommendations for Polaroid, considering various theories and concepts to enhance its competitive advantage and overall business performance. The stakeholder analysis highlights the importance of government, employees, customers, suppliers and communities in the smooth functioning of the business operations.