The Importance Of The E Business Strategies

An internal analysis’ purpose is very similar to that of an external analysis. Both are essentially developed to assist an organization build a successful strategy. Where they differ is that the external analysis focuses on the influential external elements; an internal analysis focuses on the internal forces. An internal analysis can unquestionably assist an organization drive up the profits aligning with internal matters. First, it is important to recognize what an internal analysis entails. In the course of this paper we will be looking into the key components that comprise this analysis. These components are StilSim’s value-chain, resources, core competencies, stakeholders, and finally their mission and vision.

The internal environment of any company forms the premise or basis for internal analysis. Internal analysis actually sees manager or business leaders basing their organization's pursuit of "...market opportunities not only on the existence of external opportunities but also on a very sound awareness of their firm's competitive advantages arising from the firm's internal resources, capabilities, and skills" (p.148). Hence, internal analysis sees a close look being taken at the components of a company's internal environment with the aim of improving its competitive edge. The components of a company's internal environment are based on the approach taken to internal analysis. Among the approaches used to identify and analyze the elements

the internal analysis of the firm and the external analysis of the industry and competitive environment

The external analysis provides the company and observers basis to identify threats and opportunities that exist in the outside environment from the company. A basic question to ask is would the threat or opportunity still be there if the company wasn’t and if you can answer that question with a yes answer then you have potential threats and opportunities to consider in the analysis of the company. These items need to evaluate to minimize the threats and to maximize the opportunities. During your analysis you must take a panoramic evaluation of political issues, funding sources, the economy, future trends, and physical environment. These are just some of the areas that you can draw information for making educated decisions for the company.

Internal analysis refers to a process which involves evaluation of an organization’s resources, capabilities and core competencies and comprises of the organization's strategies, vision, mission and strategic objectives.

The internal analysis of a company is an examination of where value is added in the business process and the strategies used to attain a sustainable competitive advantage. The internal analysis can be broken down into two key areas:

Internal analysis contains the resources, brand name and skilled employees and relevant experience of the industry etc. that may create some strengths or weaknesses for the product’s success and external analysis that contains overall political situation, economic conditions and social and technological situations and the range of competitors etc this create the opportunities and threats for the product’s success. Let’s examine each one by one. (Plesničar & Zaletel-Kragelj, n.d.) (Johri, 2010)

Our group description on internal analysis of specific company (Tesla) and an external analysis of the company environment. Our main focus is on external analysis which consists of market structure, PESTLE, Porter 5 Forces, competitor analysis, Customer

To evaluate Apple’s corporate strategy using the three strategic tests, best fit, competitive advantage, and financial performance, we must understand the characteristics driving Apple’s corporate strategy. Apple’s strategy focuses on technological innovation, timeliness, brand recognition, and brand loyalty. The characteristics of Apple, as an organization, that supports this strategy are an internal culture of secrecy, forward thinking in terms of consumer needs and wants, and the capitalization of converging industries or market innovation.

The key factors of success in an industry may be used to identify a corporation’s internal strengths and weaknesses, so I think internal analysis is one of the major issues in this course. In internal analysis, there are four major method. They are traditional SWOT analysis, value chain analysis, resource- based view and product life cycle. And all of these method use the core competencies in a firm to analysis whether a firm creating higher value than the others.

There will be 2 parts to external analysis; it will be done based on general environment and competitive environment. External analysis is basically analyzing the factors that are not within the control of an organization for the general environment part. As for the competitive environment part, the strength of an organization’s current competitive position, and the strength of a position it is considering moving into will be identified to help prepare itself for every possible happenings in the near future.

The organization 's inside investigation manages the organization 's assessment goals, procedure, and capacities (Wikipedia, 2013). This assists the company to show the quality of its plan of action, whether there are ranges for development and how well the organization fits the outer environment.

The External analysis examines the opportunities and threats that exists in environment. Both opportunities and threats exist independently of the firm. This is the way to differentiate between a strength and weakness from an opportunity or threat. On the other hand, the internal analysis of strengths and weakness focuses on internal factors that give an organization certain advantages and disadvantages in meeting the needs of its target market.

revenue in 1998. A company may expect to receive more than 50 percent of all

The purpose of this study is to offer significant set up of e-business strategies that have been shown to be effective and