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BARCLAYS BANK PLC STRATEGY PORTFOLIO 14Appendix: Reflection writingIn this section the discussion is based on the knowledge, information and skills acquired in session 1 to session 5, the most valuable feature and recommendation for design of the module.With regard to session 2 which discusses strategy, mission and vision and stakeholder mapping. In strategy I have learnt that business and companies operates in different environment and the different business needs to formulate strategies and evaluate them so as to gain a competitive advantage. By applying Rumelt’s reflection, a strategy which is adopted needs to be consistent, advantage, consonance and feasible so that it can be helpful to the organization. Similarly, a strategy needs to be aligned to the mission and vision of the organization. The mission and vision of the organization tends to focus on the scope of the business and from my understandingis that a mission and vision is extremely important as it distinguishes one business and the other. The vision statement always state the direction of the organization and answer the question what the business wants to become. It is important to identify all the stakeholders of the organization so as to best meet their needs. Both stakeholder analysis, Stakeholder mapping and stakeholder engagement identifies the stakeholders thereby meeting their interest.In session 3, the discussion is based on the Porter five forces where I have learnt that it is important for business to determine rivalry among competitors, buyer’s bargaining power, supplier’s bargaining power, threat of substitute’s goods and Barriers to entry before the businesscan venture into it. Also, in case the business has already ventured into the industry, then the business must formulate and implement strategies that the business needs to develop so as to reduce rivalry among competitor’s, lower both buyer and supplier bargaining power, reduce the threat of substitutes goods and create barriers to entry so as to maximize the profit and reduce thecost.