Stratigic Management; Analysis 4 - The Firm's External Environment

Stratigic Management look to the attached documents. Read the attached article then write about it. Analysis 4 - The Firm's External Environment Demonstrates exceptional skills in identifying the structural features of the industry that drive each of the five forces of competition. •    Exceptionalunderstanding of how the structural features of an industry influence competition and profitability •    Exceptionalunderstanding of Competition and Customer requirements in order to identify opportunities for competitive advantage within an industry (key success factors). •    Exceptionalability to apply the Porter's Five Forces model to the given firm's industry: For example, in what way might weak forces increase industry profits, and in what way do strong forces reduce industry profits? Strategic Alternative 1 The strategic alternative derives from the analysis of the firm's external environment. •    It focuses on how the firm can improve its competitive position so as to increase its power vis-à-vis the competitive forces that depress industry profitability Analysis 5 - The Firm's Internal Environment Demonstrates exceptional skills in applying the tools and techniques of resource and capability analysis. •    Exceptionalability to identify the firm’s resources and capabilities in a systematic fashion •    Exceptionalability to appraise the extent to which the firm’s resources and capabilities confer competitive advantage Strategic Alternative 2 The alternative derives from the analysis of the firm's internal environment. •    It focuses on how the firm can exploit internal strengths while defending against internal weaknesses Recommendation It is clear that the specified set of recommendations will be successful.