According to Pierre Wack, situation planning is about insight, complexity, and subtlety, not about formal evaluation and numbers. The flowchart to the right offers a process for classifying a phenomenon as a state of affairs in the intuitive logics tradition. Porter’s 1985 description of the value chain refers to the chain of activities that an organization performs so as to ship a valuable product or service for the market. These embody capabilities similar to inbound logistics, operations, outbound logistics, advertising and gross sales, and service, supported by systems and know-how infrastructure. By aligning the assorted activities in its value chain with the organization’s strategy in a coherent way, a agency can achieve a competitive benefit. Porter additionally wrote that strategy is an internally constant configuration of actions that differentiates a firm from its rivals.
- Business strategy defines the approach, techniques and strategic plan adopted by a business to attract prospects