100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
MNG3701 ASSIGNMENT 2 S2 2023 $2.92   Add to cart

Exam (elaborations)

MNG3701 ASSIGNMENT 2 S2 2023

2 reviews
 255 views  16 purchases
  • Course
  • Institution

Unlock your path to success with the meticulously crafted solution for MNG3701 ASSIGNMENT 2 S2 2023. This comprehensive guide not only provides accurate answers to the questions but also presents well-structured explanations that showcase your understanding. Let this exceptional resource elevate y...

[Show more]

Preview 3 out of 16  pages

  • September 2, 2023
  • 16
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

2  reviews

review-writer-avatar

By: mphonyomphonyo • 1 year ago

review-writer-avatar

By: petronellapudi • 1 year ago

avatar-seller
BRILLIANT TUTORS




MNG3701
ASSIGNMENT 2 (S2)
SOLUTION 2023




BRILLIANT TUTORS 0691643262
i|Page

,QUESTION 1




ii | P a g e

, 1 Introduction
In order to effectively navigate the ever-changing business landscape, organisations
must continuously evaluate and adjust their plans to ensure they are in line with their
internal resources and the external conditions they operate in. This assertion has
special validity when applied to huge corporations like as SPAR, which own
extensive worldwide operations and are entangled in the intricacies of the retail
industry. This paper examines the importance of strategic evaluation of the external
environment, methodological concerns for doing such analysis, and a
comprehensive examination of the environmental aspects of SPAR. The evaluation
of Spar’s business-level strategy is the final outcome, which is conducted in
conjunction with the aforementioned discoveries.

1 Strategic importance of External Environment Analysis

1.1 Identification of Opportunities and Threats
The external environment encompasses a wide range of dynamic factors, including
developing trends, changes in consumer preferences, legislative developments, and
technology breakthroughs. The process of examining this particular context has
resemblance to the act of traversing using a compass, wherein organisations may
strategically plan their trajectory by recognising prospective chances that have the
ability to foster expansion (Venter & Botha, 2022). These prospects may encompass
unexplored market sectors, increasing consumer demands, or novel technological
advancements. On the other hand, the external environment might potentially
conceal latent risks or hazards. These potential risks may arise from revolutionary
technology, evolving customer attitudes, emerging rivals, or unanticipated worldwide
occurrences, as to the Covid-19 epidemic. The programme known as 'Pharmacy at
SPAR' by SPAR serves as evidence of their ability to identify and use the increasing
inclination towards self-care and health awareness. By seizing upon this developing
opportunity, they have effectively positioned themselves at the forefront of the
industry.


1.2 Informed Strategic Decision Making
Within the dynamic realm of business, the process of decision-making encompasses
a fusion of intuition, experiential knowledge, and insights derived from data analysis.


1|Page

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 tendaimatingo. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $2.92. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

84669 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$2.92  16x  sold
  • (2)
  Add to cart