Homework Help is Here – Start Your Trial Now!
Business
Management
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

Understanding Business
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
See similar textbooks
icon
Related questions
Question
Please see the question and 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.
Transcribed Image Text: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.
BUSINESS MANAGEMENT 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 Please see attachment with scenario
Transcribed Image Text:BUSINESS MANAGEMENT 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 Please see attachment with scenario
Expert Solution
steps

Step by step

Solved in 7 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Understanding Business
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
Management (14th Edition)
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract…
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
Management Information Systems: Managing The Digi…
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…
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)
Fundamentals of Management (10th Edition)
Management
ISBN:
9780134237473
Author:
Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:
PEARSON
SEE MORE TEXTBOOKS