MGT 401 Benefits of Value Chain Analysis Discussion

Question Description

I’m working on a management question and need an explanation and answer to help me learn.

1. Describe the different issues related to environmental scanning, strategy formulation, and strategy implementation in diversified organizations.

Reading

Required

Chapter 6.  Strategy Formation: Situation Analysis and Business Strategy

Textbook: Wheelen, T. L., Hunger, D., Hoffman, A. N., & Bamford, C. E. (2014). Concepts in strategic management and business policy (14th ed.). Upper Saddle River, NJ: Prentice Hall. ISBN-13: 9780133126129 (print), 9780133126433 (e-text)

Recommended

Mintzberg, H. (1978). Patterns in Strategy Formulation. Management Science, 24(9), 934-948. http://www.jstor.org/stable/2630633

Test your knowledge

Question 1

How can value-chain analysis help identify a company?s strengths and weaknesses?

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