This 4 page paper shows how a range of factors can aid or hinder the implementation of strategy. The paper looks at internal and external factors, such as the use of a SWOT analysis and the value of clustering, the influence of technology and the value of time. The bibliography cites 5 sources.
Name of Research Paper File: TS14_TEimpstrat.rtf
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may be facilitated. For this reason the company needs to consider a range of factors. Internal and External Factors. Internal and
external factors may help facilitate the implementation of strategy. There are several ways this can be considered, but one useful tool is that of a SWOT analysis. This is
a tool that looks at the strengths, weaknesses, opportunities and threats a company face and has a practical application of the way they are interpreted. The aspect of the strengths
and weaknesses of the company can be seen as being a good indication of what may be needed for the company to move forward (Thompson, 1998). If there is a
strength of customer service, there may be a way of capitalising on this, with this being used to help facilitate a strategy of differentiation just as a large company may
use the strength of size to help facilitate a cost advantage by using the bargaining power to gain economies of scale (Nellis and Parker, 2000).
However, it is a weakness then there is a way of changing the strategy to improve the way that value is added to the customer and
more custom gained. If a weakness is location then this may be the opportunity for change. Weaknesses may also identify the way in which there are difficulties in realising a
strategy. Looking at threats there are also internal threats, such as poor employee relation or weak financial structure which may help to
aid of hinder a strategy. For example in many companies where there are some financial difficulties and there are limited resources, the development of a team culture and a need
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