Reference no: EM133706723
Discussion Post: Strategy Formulation & Strategic Thinking- Internal Environment, Power / Weakness, and Decision Models
Evaluating the internal environment of the company is critical to the process of developing a company's strategy. When evaluating the internal environment, it is important to understand key sources of power or weakness that exist. Decision models continue to impact strategy development and should continuously be evaluated, and others considered.
Use the following outline:
1) Introduction
2) Process: Evaluating the Internal Environment - What is the process for evaluating the internal environment. Discuss the process for evaluating the internal environment in no less than 200 words.
3) Strategic Thinking: Key source of Power / Weakness - What is an example of a key source of power or weakness and why is it important. Discuss the key source of power or weakness and why it is important in no less than 200 words
4) Decision Model - no less than 100 words
5) How do my decision models aid / hinder the process of evaluating the internal environment and why? Discuss how and why your decision model(s) aid / hinder the process of evaluating environment.
6) What other decision models are being considered and why? Discuss what models you are considering using as a better choice and why.
7) Conclusion
Task
Evaluating the internal environment of the company is critical to the process of developing a company's strategy. When evaluating the internal environment, it is important to understand key sources of power or weakness that exist. Decision models continue to impact strategy development and should continuously be evaluated, and others considered.
For your main thread, perform the following:
A. Discuss the process of evaluating the internal environment.
B. Discuss a key source of power or weakness.
C. Discuss your current decision model(s) and others that are being considered.
D. Develop an Annotated Bibliography for the additional references used in your discussion.