This discussion helps you develop the skills to master the following course competencies:
- Analyze the strategic elements of organizations and their external environment applying theories and models of strategy.
- Critically evaluate information from core business functions and the value chain to enhance organizational knowledge of strategic position and direction.
This discussion will help you further your knowledge of strategic development by:
- Evaluating environmental and industry influences that create strategic opportunities or issues.
- Using theories and models of strategy to increase knowledge of an organization’s strategic position and direction.
After reading Chapter 2 in Foundations of Strategy, use the PEST and Porter 5-Forces Model to identify environmental and industry influences that should be a concern or present an opportunity to your project firm. Provide a rationale for your response.