Please see attach scenario. Identify and discuss the type of strategy, based on what was discussed in the course that Peter needs to adopt. Information from the scenario must be included to support the discussion. Peter is considering operating a local business in the textile, clothing and footwear sector. Peterhas completed research into the operations of similar businesses both locally and regionally andintends to market and sell his products both at the local and regional level at the same time. Peterunderstands that to shape the business's overall strategy there are various strategic drivers bothinternally and externally which must be considered and wants expert advice on these driversrelevant to his business. He is also struggling with deciding on the best structure for theorganization, as well as the most effective ways of marketing his products to ensure that they aremore attractive to buyers than the current options. Peter is considering a strategic alliance but isnot sure if to form links among non-competitive firms or associate with firms in an un-relatedactivity. He is also aware that even other types strategic alliances exist but does not have a goodgrasp on this area to make an informed choice. Peter is aware of internal and external tools whichbusinesses use to understand the operating environment but is unsure which ones are feasible forhis business or will provide the most relevant information. Peter wants to go global in the future.He was listening to a radio program and they mentioned that there are drivers that shape strategieswhen persons are considering going global but he is not familiar with what these are. Whilst Peterhas a lot of ideas, he recognizes the need for help to ensure his success.

Based on the provided scenario, Peter is considering operating a local business in the textile…

Please see attach scenario. Identify and discuss the type of strategy, based on what was discussed in the course that Peter needs to adopt. Information from the scenario must be included to support the discussion

Please see attach scenario. Identify and discuss the type of strategy, based on what was discussed in the course that Peter needs to adopt. Information from the scenario must be included to support the discussion

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question

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Peter is considering operating a local business in the textile, clothing and footwear sector. Peter
has completed research into the operations of similar businesses both locally and regionally and
intends to market and sell his products both at the local and regional level at the same time. Peter
understands that to shape the business's overall strategy there are various strategic drivers both
internally and externally which must be considered and wants expert advice on these drivers
relevant to his business. He is also struggling with deciding on the best structure for the
organization, as well as the most effective ways of marketing his products to ensure that they are
more attractive to buyers than the current options. Peter is considering a strategic alliance but is
not sure if to form links among non-competitive firms or associate with firms in an un-related
activity. He is also aware that even other types strategic alliances exist but does not have a good
grasp on this area to make an informed choice. Peter is aware of internal and external tools which
businesses use to understand the operating environment but is unsure which ones are feasible for
his business or will provide the most relevant information. Peter wants to go global in the future.
He was listening to a radio program and they mentioned that there are drivers that shape strategies
when persons are considering going global but he is not familiar with what these are. Whilst Peter
has a lot of ideas, he recognizes the need for help to ensure his success.

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