BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Tick the 3 Methods/ Approaches to Internal Analysis.
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Resource-based View.
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Research-based approach
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Value Chain Analysis.
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Supply-chain research.
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Functional Approach.
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Explanation:
Detailed explanation-1: -An internal analysis highlights three factors: an organization’s competency, resources, and competitive advantage.
Detailed explanation-2: -Internal analysis methods include: Strategy Evaluation. VRIO Analysis. OCAT. McKinsey 7S Framework.
Detailed explanation-3: -Functional approach of organizational analysis takes into account various functional areas and evaluates these for’ identifying strengths and weaknesses. The major functional areas are production/operations, marketing, finance and accounting, and human resources.
Detailed explanation-4: -STEP 3a-INTERNAL ANALYSIS: Resource & Capabilities. Value Chain Analysis. Value Proposition.
There is 1 question to complete.