1 Strategic Management Analysis Student’s Name University Affiliation Course Code Instructor’s Name Assignment Due Date 2 Strategic Management Analysis Introduction Strategic management analysis is viewed as the process of investigating a company and its operating environment to come up with an appropriate strategy. The analysis involves three common factors: identifying and evaluating relevant data, defining the environment to be analyzed (internal or external), and different analytic tools to analyze the data relevant to the company's strategy (Wheelen et al., 2017). The primary purpose of this paper is to define the open system theory by explaining the Environment as Information Perspective, Environment as Source of Resource Perspective, and breakdown the two aspects to know how they can be applied. Also, the paper will carry out an external and environmental analysis. It will conclude by outlining the advantages and disadvantages of performing environmental analysis. o Organizations as Open Systems. The open systems theory states that organizations are greatly affected and influenced by their environment (Scott & Davis, 2015). Thus, as open systems, organizations take inputs (raw materials) and process them into outputs (products). The raw materials (inputs) must come from somewhere, and the products (outputs) must be distributed somewhere. Therefore, a strategically effective organization should regularly exchange feedback with its environment. The environment re ...
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