Discussion
As part of the management team, you have been asked to attend the meeting to brainstorm a strategic management process to address and counter a new and aggressive competitor in your industry. Your aspect of this plan will be to assess the company's resources.Specifically, how they contribute differently in different aspects in cycles as well as how they are impacted by age and competition. You are also to assess the key components related to the PEST Model and how your resource analysis can become an advantage for the company.
1. Assess the company's resources
• How they contribute differently in different aspects in cycles.
• How they are impacted by age.
• How they are impacted by competition.
2. Assess key components related to the PEST Model.
3. How your resource analysis can become an advantage for the company?
Reference:
Warren, K. (2008). Strategic Management Dynamics. West Sussex: John Wiley & Sons, Ltd.Chapters 5 & 6.