Description
You enter your project team meeting with Mike and Tiffany to hear them discussing the tools that they found to conduct an analysis of the industry and competitors. “Mike, there are so many more tools than I even realized to give us some good data,” Tiffany states.
“I know,” Mike says. “That’s why I wanted to take some time to look at our options and figure out what information we really need to support the board’s decision.”
Mike and Tiffany both found some great tools from their research on the subject. Complete the following:
- Based on your classmates’ discussion posts for Week 2, do you still believe the tools that you selected will work best for a global strategy? Why or why not?
- What evidence do you have to support your decision?
- How would you refute the people who chose an additional tool rather than one of the tools that you selected?
- Based on the tools that you selected, provide a brief analysis of your market, using those tools
Explanation & Answer
View attached explanation and answer. Let me know if you have any questions.
DYNAMIC ENVIRONMENTS
By
[Name of Student]
Course
Professor
[Name of the institution]
May 28, 2021
Introduction
Ironically, organizational values define the effective and efficient management
strategies based on which an organization can create values for its employees and consumers.
An organization can't even think about a successful business if it is not successful in creating
good business values for its workforce, who work tirelessly to serve the consumers more
effectively and efficiently (Clayton, 2019).
Here, we shall explain values and strategies by choosing an organization. We shall explain
the company's ethical standards, innovative strategies, mission/vision statements later in the
paper.
1. Strategic Management Process: Components
For this purpose, we have a strategic management process based on five stages, given below:
•
Clarified Vision
The first objective is to clear the vision regarding business long-terms and short-term goals to
do successful business. Three-phase strategic management process, i.e., goal setting, roadmap
to accomplish the objectives, and process customization for the staff to make a great effort.
For instance, the organization needs to adopt new and modern artwork to innovate their
traditional artwork effec...
