"Strategic ManagementSWOT analysis:SWOT stands for Strength, Weakness, Opportunity, and threats. These four factorsanalysis not only helps in figuring out the actual status of the company from inside butalso its vulnerability in the outer environment. This way a strategic management policycan be made by keeping in view the SWOT analysis outcomes, which can help indetermining the right policy formulation to achieve the more realistic organizationalobjectives.(Armstrong)For instance, Viva telecommunication can look into the various strength and weakness ofthe company in the form of technology available, cost effectiveness and brand image.Whereas the Opportunity and threats understanding help the company in pricing andplacing the right kind of product and service at the right time in the market as per thecustomer demand.Stakeholder theory:This theory supports the idea of giving importance to the expectations of thestakeholders. That is the management evaluates the various factors that are givenimportance or priority by the stakeholders. This way organization goal is set and strategicmanagement development is done as per their requirements.(Kotter)Porter’s five forces model:13 Strategic ManagementThe Porter’s five forces model includes the five forces that rules the market and hence brings thecompetition intensity and attractiveness of a market. Thus, every organization has to passthrough all these forces and the one, which pass these tests, becomes the ruler of the market, ormaintains its position in the market for a longer period. These forces include the followings.(M. E. Porter)This can be explained with following diagrams in context to Viva Telecom services. Impact on Viva Telecom1. Cut backs (loss of business) more pressure on pricing.2. Increase pressure on pricing.3. Reference pricing exposing prices across border.1. Reluctance of consumer to spend on highly tagged services and products of the company.2. Again, an increased pressure on pricing, however market is likely to grow due to aging population.3. Need to introduce value-adding processes.1. More pressure on customer service, increased need for advertising and more pricing transparency.Better intelligence gathering requires.2. Market likely to grow.14 Strategic Management1. Demand for raw material increases its price and suppliers choice of selling too.2. New digital opportunities creating new e-models.1. Price remains stable and unchanged until the industry as a whole works on it.Products of higher price and services, which are costly, will not be accepted.Customer is the price giver.Quality becomes key.2. Identify eco opportunities to market.(M. Porter)BibliographyAnsoff, Igor. Corporate Strategy. New York: McGraw Hill, 1965.Armstrong, M. A handbook of Human Resource Management Practice (10th edition). London: KoganPage, 2006.Barney, J. 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