p3 (business strategy)
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Business stratergy can be broken down into 3.
1. Stratergic Position
2.Stratergic choices
3.Stratergic implementation/action
1.stratergic position
A stratergic position is determined by internal and external factors.These may be summarised by the SWOT analysis
Strength
Weaknesses
Opportunities
Threats
SWOT leads to us making stratergic choices.the choices in turn leads us to make options.options make us select.
Implementation means finding the resources to be used.implementation means empowering choices.
A stratergic position of a business will address the following
1.where we are
2.where do we want to go
3.what constraints exist on our resources
4.what are the key threats form external enviroment.
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