Referencing the scenario provided, and following the guidance provided by theStrategic consultant, Joy and her team are now prepared to proceed with finalizing their businessplan to launch their company. Considering how competitive the business sector is today, it isimportant that they are aware of their alternative organizational strategies. It is also important thatthey understand how to develop a sustainable competitive advantage, so as to remain financiallyviable. The group is considering utilizing the strategy formulation framework to aid in developingthe company and its products. Further to discussion with the Strategic Consultant, Joy is awarethat there are certain habits that strategic leaders must encompass but is not sure what they are. your group is to assume the role ofJ oy and her team. In doing so, you areexpected to complete the following: Given the event planning and gifts for all occassions which your business proposes to offer, assess the threestages of the strategy-formulation framework, discussed For each stage, include the tool in your assessment. input stagetool-Internal Factor Evaluation (IFE) matrix, matching stagetool: swot matrix decision stage tool:Quantitative Strategic Planning Matrix (QSPM
Referencing the scenario provided, and following the guidance provided by the
Strategic consultant, Joy and her team are now prepared to proceed with finalizing their business
plan to launch their company. Considering how competitive the business sector is today, it is
important that they are aware of their alternative organizational strategies. It is also important that
they understand how to develop a sustainable competitive advantage, so as to remain financially
viable. The group is considering utilizing the strategy formulation framework to aid in developing
the company and its products. Further to discussion with the Strategic Consultant, Joy is aware
that there are certain habits that strategic leaders must encompass but is not sure what they are. your group is to assume the role ofJ oy and her team. In doing so, you are
expected to complete the following:
Given the event planning and gifts for all occassions which your business proposes to offer, assess the three
stages of the strategy-formulation framework, discussed
For each stage, include the tool in your assessment.
input stage
tool-Internal Factor Evaluation (IFE) matrix,
matching stage
tool: swot matrix
decision stage
tool:Quantitative Strategic Planning Matrix (QSPM
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