Explain the significance of stakeholder analysis to planning

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Reference no: EM132337109

Business Strategy

Learning Outcome

LO1 Understand the process of strategic planning

1.1 Assess how business missions, visions, objectives, goals and core competencies inform strategic planning

LO2 Be able to formulate a new strategy

2.1 Analyse the strategic positioning of a given organisation by carrying out an organizational audit

2.2 Carry out an environmental audit for a given organisation

2.3 Assess the significance of stakeholder analysis when formulating new strategy

2.4 Present a new strategy for a given organisation

Assignment

You are assigned to a chosen company/business in the class. Your responsibility now is doing research on such specific company/business and find out information to answer for the following tasks.

Task 1

Explain the strategy contents and terminology: missions, visions, objectives, goals, core competencies and competitive advantage.

Task 2

Explain the significance of stakeholder analysis to the strategic planning process of the company.

Task 3

Doing resources analysis or value chain analysis to analyze internal environment of the company.

Task 4

Carrying out an external environment analysis for the company.

Task 5

Using SWOT analysis in guiding strategy formulation for the company.

Reference no: EM132337109

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