a. Identify and discuss the type of strategy, that Peter needs to adopt. Information from the scenario must be included to support the discussion. Scenario:Peter is considering operating a local business in the textile, clothing and footwear sector. Peterhas completed research into the operations of similar businesses both locally and regionally andintends to market and sell his products both at the local and regional level at the same time. Peterunderstands that to shape the business's overall strategy there are various strategic drivers bothinternally and externally which must be considered and wants expert advice on these driversrelevant to his business. He is also struggling with deciding on the best structure for theorganization, as well as the most effective ways of marketing his products to ensure that they aremore attractive to buyers than the current options. Peter is considering a strategic alliance but isnot sure if to form links among non-competitive firms or associate with firms in an un-relatedactivity. He is also aware that even other types strategic alliances exist but does not have a goodgrasp on this area to make an informed choice. Peter is aware of internal and external tools whichbusinesses use to understand the operating environment but is unsure which ones are feasible forhis business or will provide the most relevant information. Peter wants to go global in the future.He was listening to a radio program and they mentioned that there are drivers that shape strategieswhen persons are considering going global but he is not familiar with what these are. Whilst Peterhas a lot of ideas, he recognizes the need for help to ensure his success. Type of StrategyIntended StrategyRealised StrategyEmergent StrategyNon-realised strategyDeliberate StrategyDefinitionA type of strategy a business or organisation intends.A strategy that an organisation follows.An unplanned strategy that an organisation identifies in response tounexpected opportunities and challenges.The abandoned parts of an intended strategy.The portion of an intended strategy that is still pursued over time.

Peter is thinking of starting a local textile, apparel, and footwear business based on the…

Answered: a. Identify and discuss the type of…

a. Identify and discuss the type of strategy, that Peter needs to adopt. Information from the scenario must be included to support the discussion.

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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