Business Strategy Report: Analyzing The Savoy Hotel's Performance

This report provides a strategic analysis of The Savoy Hotel, a luxury establishment in the UK hospitality industry. It begins with an introduction to business strategy and its importance, followed by an examination of the macro environment using PESTLE analysis, highlighting political, economic, social, technological, environmental, and legal factors impacting the hotel. The report then delves into the internal environment, applying the McKinsey 7-S framework and VRIO analysis to assess the hotel's capabilities and resources, and utilizes the value chain analysis. Furthermore, the report evaluates the competitive forces within the market sector using Porter's Five Forces model and concludes with strategic recommendations for the Savoy Hotel. The report aims to provide a comprehensive understanding of the hotel's strategic position and potential growth strategies.