Business Strategy HND Level 5 Report: Strategic Planning Analysis

This report provides a comprehensive analysis of business strategy, focusing on strategic planning. It begins by examining the core concepts of strategic planning, including the formulation of business missions, visions, objectives, goals, and core competencies. The report uses the example of Swing Patrol to illustrate these concepts. It then delves into the factors influencing strategic planning, such as organizational structure, communication, leadership, human resources, project management, and organizational culture. Furthermore, the report evaluates techniques used in developing business plans, including the importance of assessing the effectiveness of these techniques and considering internal and external factors. The report also mentions SWOT and VRIO analysis as effective tools for strategic planning. Finally, the report emphasizes the importance of evaluating techniques step-by-step to achieve desired results. References are also provided.