Strategy

1.0 Introduction
accord to Hill, et.al (2007) strategic management process is the set of processes apply to determine the strategies for the organization.
The strategic management process consists of three stages as shown below:
strategic evaluation
Strategic analysis
Strategic death penalty


Source: Hill, et.al (2007)
Strategic analysis analyzes the internal and extraneous factors influencing an organization. Next, strategic evaluation plans the strategies which argon often divided into business and corporate levels. Lastly, strategic implementation decides which strategy to select and puts it into action. (Harrison, 2003)
I have chosen a manufacturing textile company which is Suryalata Spinning Mills Ltd as the master(prenominal) example for most topics covered.
2.0 Strategic Analysis

3.1 Introduction of strategic analysis
schema analysis is the starting point of the strategic management process. According to Samson and Daft (2009) strategic analysis is conducted to identify the strength, weaknesses, opportunities and threats (SWOT) that has an move on the organizations performance apply external and internal analysis. (Harrison and John, 2008)
In this section, the models that I will be using for the external analysis are PESTLE analysis and peaks Five Forces.



Whereas, I will be using Posters cherish Chain, Balance Scoreboard and Economic Value Added for the internal analysis.
3.2 External Analysis
External purlieu is important to spot the opportunities and threats of an organization. It consists of:
I. A general environment Often referred to as the macro-environment because the changes authorise have an effect that transcends firms and specific industries.

II. A competitive environment - Consist of the industry and markets in which an organization competes.

Source: (Henry, 2008)

3.3.1 The oecumenic Environment: PEST analysis
PEST
PEST analysis is a useable tool to scan the general...If you want to get a skillful essay, order it on our website: Ordercustompaper.com



If you want to get a full essay, wisit our page: write my paper