My document for Unit 43: Business Strategy will focus on the development and implementation of strategic approaches to achieve long-term organizational objectives. It will analyze key business environments, assess internal and external factors using strategic tools such as SWOT, PESTLE, and Porter�...
Chapter 2 Business Strategy with complete solution
All for this textbook (3)
Written for
BTEC
PEARSON (PEARSON)
Personal and Business finance
Unit 43 Business Strategy
All documents for this subject (1)
Seller
Follow
taukiracademicwriter
Content preview
Student Assessment Submission and Declaration
Student Assessor
Name: Name:
Submission Submitted
Issue Date: 02/09/2024 02/12/2024
Date: On:
Programme: BTEC Higher National Diploma in Business
Unit: Unit 43: Business Strategy
Plagiarism
Plagiarism is a form of cheating. Plagiarism must be avoided at all costs and students who break
the rules, however innocently, may be penalised. It is your responsibility to ensure that you
understand correct referencing practices. As a university-level student, you are expected to use
appropriate references throughout and keep carefully detailed notes of all your sources of
materials for the material you have used in your work, including any material downloaded from
the Internet. Please consult the relevant unit lecturer or your course tutor if you need any further
advice.
Student Declaration
I certify that the evidence submitted for this assignment is my own. I have clearly referenced
any sources, and any artificial intelligence (AI) tools used in the work. I understand that false
declaration is a form of malpractice.
, Introduction
In the organisational context, business strategy is referred to as a comprehensive plan which is
generated by a business organisation with the aim of pursuing long-term organisational goals,
enhancing utilisation of resources, and gaining competitive edge in the business market in a
productive way (Johnson et al., 2017). The case study of the organisation Toyota is selected to
conduct the study. Toyota is referred to as global automotive business organisation and
considered as the second largest manufacturer of car of the world (Khan, 2024).
The study is consisted with two significant parts. The accountability of the first part of the
assignment is to conduct a comprehensive analysis on the internal and external business
environments of Toyota. Additionally, strategic objectives, actions, and derivatives will be
prioritised by the first part which are significant to align organisational internal capabilities and
external factors. In contrast, the accountability of the second part of the study is to leverage
theories, models, and concept of business strategy so that a strategic management plan can be
developed and implemented to address organisational business goals.
The study is seeking to determine and comprehensively define diverse critical factors which are
significant for the formulation and implementation of business strategies. The findings of the
study will provide valuable insights into the way business strategies can be developed and
implemented by global organisations in achieving overall business goals and enhancing
organisational business.
4|Page
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller taukiracademicwriter. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $26.49. You're not tied to anything after your purchase.
