Understanding how a company’s internal environment influences strategy development is essential for crafting effective plans that leverage organizational strengths.
Select an industry you are familiar with and discuss the following prompts with your class:
List your selected industry.
Discuss how a company’s internal environment might affect the development of the corporate strategy.
Explain why personal and organizational structure factors are needed for an effective strategy in this industry.
Identify ways an organization might use the product life cycle concept to build competitive advantage.
