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Strategy Formulation
Here comes the analysis of the environment , different level of corporate , functional strategies .
4 Level of Strategies
1. Corporate strategy
2. Business Strategy
3. Functional Strategy
4. Operating Strategy
How to formulate or make the strategy
SWOT Analysis (Environmental Analysis and Scanning )
External Analysis
1. BCG MATRIC
2. GE 9 CELL
3. PORTER 5 FORCES
4. PESTEL
5. PORTER GENERIC STRATEGY MODEL
6. ANSOFF MATRIX
Internal analysis
1. SWOT
2. VALUE CHAIN ANALYSIS
3. 7 S Framework
SWOT Analysis
SWOT is a study to identify the linkages between internal capabilities and external forces creating pressures on business performance .
SWOT analysis is not just identifying Strength , Weakness , Opportunities and Threats but it will create a linkages.
Let us say that a student has strength of a good singer and other is a strength of dancer , now a event is coming of singing and dancing so for singer and dancer will have a opportunity . Its not just about mentioning but also the linkage between them .
Let us say that Indigo has weakness because of numbers of aircraft and sectors they have , they are not able to bring its prices down further, now airline comes into picture and purchased lot of aircraft , so they are able to bring down its prices , so for Indigo , the prices not going down will be a threat to them .So then you have to counter the weakness
Weakness + Threat = Disaster
Most business in pandemic was very dangerous because of their one to one interaction , so the pandemic was a greater threat in this case.
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