What are the critical components of a strategic plan

Reference no: EM133540591

1. What are the critical components of a Strategic Plan?

2. Do you agree that the well-established SWOT, PESTLE, & Porter's 5 Forces strategic frameworks each emphasize certain unique strategic criteria/aspects? If yes, identify the unique aspects of each. If you disagree, explain why.

3. Describe how SWOT, PESTLE, & Porter's 5 Forces complement each other to provide a holistic view of strategy.

4. In the past, we learned about the increasing role that stakeholders and sustainability play in the mission, vision, and strategy of companies. How does a for-profit company incorporate stakeholders and sustainability considerations in its strategic planning?

5. Porter's 5 Forces model was developed in 1980 and is considered an important tool for understanding the main competitive forces of an industry. Similarly, PESTLE analysis became popular in the late 1960's & 1970's. ESG is a much more recent area of focus and has become a prominent business issue over the last 20 years. How would you incorporate ESG in Porter's 5 Forces and PESTLE analyses?

6. Almost all elements of a PESTLE analysis deal with macro forces, which are beyond your company's control. Explain why it is important for a company to undertake a PESTLE analysis. (15 points)

7. Since its IPO launch, Stitch Fix has been the darling of Wall Street. It was able to manage competition that came from Amazon (Amazon Wardrobe). However, lately, its share value is showing strain, going from a high of $96.92 in January 2021 down to the $3 range over the last 12 months. Build a 5-step issue tree focused on Stitch Fix's business to investigate and explain potential causes of this decline. Do not include stock market considerations, e.g., overall trends in the NASDAQ, in your issue tree.

Reference no: EM133540591

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