Understanding how an organization operates internally is critical for sustainability and success. The SWOT and IFE are internal organisational assessment tools which are used to internally assess firms. Discuss both tools. Recommend one (1) of the tools discussed for use by Peter in his firm. From the case presented, complete a thorough analysis of Peter’s operations, using the tool suggested tool. Information from the scenario must be included to support the discussion.
Understanding how an organization operates internally is critical for sustainability and success. The SWOT and IFE are internal organisational assessment tools which are used to internally assess firms. Discuss both tools. Recommend one (1) of the tools discussed for use by Peter in his firm. From the case presented, complete a thorough analysis of Peter’s operations, using the tool suggested tool. Information from the scenario must be included to support the discussion.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
Related questions
Question
Understanding how an organization operates internally is critical for sustainability and success. The SWOT and IFE are internal organisational assessment tools which are used to internally assess firms. Discuss both tools. Recommend one (1) of the tools discussed for use by Peter in his firm. From the case presented, complete a thorough analysis of Peter’s operations, using the tool suggested tool. Information from the scenario must be included to support the discussion.
Transcribed Image Text:Scenario:
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.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step 1: Brief introduction of the given case:
VIEWStep 2: Discussing SWOT analysis tool:
VIEWStep 3: Discussing IFE Matrix:
VIEWStep 4: Recommending one of the tools discussed for Peter in this case.
VIEWStep 5: Analysing given case scenario with the help of SWOT analysis tool:
VIEWStep 6: Analysing given case scenario with the help of SWOT analysis tool (Continued)...
VIEWStep 7: Threats to Peter's plans..
VIEWSolution
VIEW
Step by step
Solved in 8 steps
Recommended textbooks for you
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
Management Information Systems: Managing The Digi…
Management
ISBN:
9780135191798
Author:
Kenneth C. Laudon, Jane P. Laudon
Publisher:
PEARSON
Business Essentials (12th Edition) (What's New in…
Management
ISBN:
9780134728391
Author:
Ronald J. Ebert, Ricky W. Griffin
Publisher:
PEARSON
Fundamentals of Management (10th Edition)
Management
ISBN:
9780134237473
Author:
Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:
PEARSON