HND Business Level 5: Strategic Planning, Analysis, and Evaluation

This report provides an overview of business strategy, focusing on strategic planning and implementation. It discusses the importance of business missions, visions, objectives, goals, and core competencies in informing strategic planning. The report analyzes internal and external factors that must be considered when formulating strategic plans, such as political instability, and evaluates the effectiveness of techniques like SWOT analysis and cost-benefit analysis. It concludes that strategic business plans are crucial for achieving business success and maximizing growth and profitability. The report references academic sources to support its analysis and findings. Desklib provides access to this and many other solved assignments.

Business Strategy

Table of Content
 Introduction
 Business missions, visions, objectives, goals and core
competencies
 Factors that have to be considered
 Effectiveness of techniques
 Conclusion
 References

Introduction
Business strategy is helpful in achieving the goals and
objectives of a business firm. It will helps in increase the
productivity and profitability of business. In this
presentation mentions about the analysis of internal and
external factors and also effectiveness of techniques which
are necessary at the time of implementing new strategic
plans.

Introduction
Business strategy is helpful in achieving the goals and
objectives of a business firm. It will helps in increase the
productivity and profitability of business. In this
presentation mentions about the analysis of internal and
external factors and also effectiveness of techniques which
are necessary at the time of implementing new strategic
plans.

Business missions, visions, objectives,
goals and core competencies
The primary motive of making business strategy is to
maximising the growth and profitability of company.
Strategy planning is a procedure which helps in evaluating
business policies, strategies, allocation of resources for
accomplishing the goals or objectives of a business firm.

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Goals and objectives- Both terms give the same results that
the company achieve its objectives at a particular period
of time. The major difference in both goals an objectives
are that goals are made for the long time period and
objectives are for the short time.

Factors that have to be considered when
formulating strategic plans
When Swing patrol developing
new strategies, then it is
necessary to evaluate the
internal as well as external
factors. They help in
creating an effective
strategies in the disposition
of business firm.

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External factors- These factors impact on business from
outside. In it includes:
Political- This component is impact when government is
not stabilized. The Swing patrol want to expand its
business in to new areas or cities but in this it faces many
problem from political instability.

Effectiveness of techniques used
The tools and techniques of strategic planning are very
beneficial and also helpful in creating the business plans.
It is the process of developing the objectives, mission,
goals and then execute to fulfil the aims and purpose.

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SWOT analysis- It is an effective
tool and with the help of this
company can know about the
strengths, weaknesses,
opportunities and also threats.
After this, firm can try to
overcome from its weaknesses
and also try to adopt the
attractive opportunities.

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Cost benefit analysis- In context to this, all components
which are effective in increasing the productivity and
profitability of business. So, it is necessary for a business
firm to select which project which is more beneficial for
business. With the help of this, Swing Patrol teach dance to
people at minimum cost.

Conclusion
It has been concluded from the above presentation that for
making the business successful Volkswagen formulates
new strategic business plans. In this presentation studied
about the strategies of this business firm is based on the
vision, mission, core competencies etc.