Use the attached scenario to answer the following: a. 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. Must include(Type of Strategy DefinitionIntended Strategy- A type of strategy a business or organisation intends.Realised Strategy- A strategy that an organisation follows.Emergent Strategy- An unplanned strategy that an organisation identifies in response to unexpected opportunities and challenges.Non-realised strategy- The abandoned parts of an intended strategy. Deliberate Strategy- The portion of an intended strategy that is still pursued over time) b. Clearly identify and discuss three (3) internal and three (3) external drivers, as discussed in the course which Peter needs to consider as part of his strategic planning exercise relative to the case presented. Information from the scenario must be included to support the discussion. Scenario: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.

Strategic planning is a process that can involve determining the right goals and objectives for the…

Answered: Use the attached scenario to answer the…

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

Use the attached scenario to answer the following:

a. 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. Must include

(Type of Strategy Definition
Intended Strategy- A type of strategy a business or organisation intends.
Realised Strategy- A strategy that an organisation follows.
Emergent Strategy- An unplanned strategy that an organisation identifies in response to
unexpected opportunities and challenges.
Non-realised strategy- The abandoned parts of an intended strategy.
Deliberate Strategy- The portion of an intended strategy that is still pursued over time)

b. Clearly identify and discuss three (3) internal and three (3) external drivers, as discussed in the course which Peter needs to consider as part of his strategic planning exercise relative to the case presented. Information from the scenario must be included to support the discussion.