What Is Potential Business Strategies And Internal Strength And External Weaknesses?

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From this report it’s reflected that potential business strategies and also internal strength and external weakness. It is supposed that the resources and technology available that time are not equivalent to current situation. Apart from the study we got the business strategies with vision and mission besides strategic opportunities. The principles of strategic management and the Michael Porter’s Generic Strategies are trying associated to this case study. This report willdemonstrate how the principle of strategic management applies to any organization and help organisation to achieve their long-term objectives. 1. Vision and Mission: According to (Hubbard, 16th April 2010) a vision statement that identifies the long-term strategic goals and…show more content…
Ranging from one line to several paragraphs, a vision statement identifies what the company would like to achieve or accomplish. A good quality vision statement provides the encouragement for the on a daily basis operations of a organisation and its strategic decisions. Mission: To build strong relationship by providing our superior customer by help of innovation, quality and commitment. Internal and External Analysis According to (Albert, December 2005) A SWOT analysis (alternatively SWOT matrix) is a structured planning method used to evaluate the strengths, weaknesses, opportunities and threats involved in a project or in a business venture. A SWOT analysis can be carried out for four P that are, a product, a place, an industry or a person. The SWOT analysis helps organisations assess issues within and outside the organisation. (Colbert, 2014) The SWOT analysis, made up of an assessment of strengths, weaknesses, external opportunities and threats from competition in the market, it’s provides a draw for strategic decision…show more content…
We found six essential objectives form our observation on the case study based on an agricultural organisation. Increase Income In order to develop a organisation its needs to increase its income from economical markets or we can say competitive market. By use of marketing plans organisation can develop overall strategic business plan. Marketing plans deal with this through significant product or service assistance, researching target markets, analysis of competition, then intentionally placing, pricing and promoting. The income of the organisation should be extra accelerated to run with the large group of members. It can decrease the risks that involve in the market. Strengthening Financial Resources For the large organisation it is necessary to keep in mind its financial condition and also included the growth objectives of an organisation. This is depends the availability of capital resources to invest in future expansion projects. If a company 's financial resources are strong, capital could possibly come from cash

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