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The essay will analyze the four strategic development tools. The four strategic development tools are PESTLE analysis, Porter’s Five Forces analysis, analysis of resource-based View and Generic Strategies. It will explain about these four strategic development tools and their uses in the business in the context of four organizations individually.
As for example, the Resource-based view (RBV) is utilized by Apple, a multinational technological organization based in the USA. Steve Jobs, the founder of Apple was undoubted of the most valuable resource of the firm (Studymoose.com. 2018). But this value is not only in his capability to sell innovative products such as iPhone and iPad but in building a business culture which still fosters excellence and individuality.
The essay evaluated the four strategic development tools. The four strategic development tools used in this essay are PESTLE analysis, Porter’s Five Forces analysis, analysis of Resource-based View and Generic Strategies. Each of the four strategic development tools had been discussed in the context of four individual organizations.
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