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Please select 1 of the options to solve, provide real-time examples

to support your discussion and reference credible sources.


Option 1:


Select three different businesses from different industries, such as a hospitality business (hotel, restaurant, fitness center), a manufacturing company, and a not-for-profit business. Perform a SWOT analysis for each business.


Describe how do Porter's Five Forces help a manager try to understand a firm's industry environment
Discuss the firm resources and capabilities and what information does VRIO provide about them?
Discuss a firm's macro environment, its importance, and how managers use PESTEL to understand it.
Option 2:


Entrepreneurs must be strategic thinkers in order to develop the plans and objectives necessary to start a business that will last. Imagine you are starting a new music-streaming service. You have decided to differentiate your service from the others already in the marketplace. Think of three ways to add value to your service and the performance measures you'll need to use in order to know if your added value is really valued by customers. Interpret how uncontrollable external environmental forces affecting a firm's operations impact its organizational structure and strategy formation


Demonstrate a solid understanding of the three levels of strategy and what a manager developing strategy at each level is concerned with.
Describe how corporate mission and vision statements, values and objectives impact the strategic decisions made by managers

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