business policy and strategy

business policy and strategy

1.The global recession forced thousands of firms into bankruptcy. Does this fact alone confirm that external factors are more important than internal factors in strategic planning? Discuss. Your response should be at least 200 words in length.

2. Describe the process of performing an external audit in an organization doing strategic planning for the first time. Your response should be at least 200 words in length.

3, Read “Exemplary Company Showcased: Netflix, Inc. (NFLX)” on page 90 of your course textbook. As you read, pay close attention to Netflix’s strategy, and write a case study describing the points listed below.

What are Netflix’s internal strengths and weaknesses?
Who are Netflix’s competitors?
Do you see Netflix’s strategy as effective or ineffective? Why?
Your case study must be at least one page in length, not counting a title page and reference page. Outside sources are not a requirement for this case study, but if you choose to use them, they must be cited and referenced according to APA standards.

20190105224651exemplary_company_showcased

20190105224933unit_iii_study_guide

Solution Preview

Question one
The statement is not true as at times both internal and external factors are important in strategic planning. The factors vary from company to company. The company management considers all factors before formulating a strategic plan. When it comes to external factors the company must put into consideration factors that are externally present and may affect the business, a company must also take it internal consideration factors such new product concepts that their interior designers can implement.

(808 words)