Portfolio Assessment Assignment Example | Topics and Well Written Essays - 1000 words

Portfolio Assessment - Assignment ExampleIt runner withdraws determining the actual existent state of a company of business. External and internal audits should be carried egress to clearly bring out an understanding of an organizations actual competency and the existing private-enterprise(a) environment. It will then become necessary to determine the most important goals for the company (Porter 2008, p. 89). Priorities should be posture at this stage and it should be ensured that the strategic plan focuses on these priorities. Objectives should then be set in order to address any priority issues that may be existent. Accountabilities should then set so that chat becomes easier and the objectives are addressed at individual levels. The plan should then be reviewed over and over once again due to the dynamic nature of the market.Strategic tools are the essential and most applied business resoluteness tools that companies apply so as to achieve sustainable competitive advantage . Innovations and new developments only become triple-crown if the resulting products and services can sell well. These tools are instrumental in analyzing the existing market, be it a niche, so as to create opportunities for serving clients with a wide variety of products that are more competitive and alter to a dynamic market development as compared to the other competitors. Some of these tools include Porters 5 forces Model, The BCG Matrix, The SWOT Matrix, and The 4 Ps of the Marketing mix, Life Cycle Analysis, Ansoff Matrix, Maslows profit and the 7-S McKinsey method. All these strategies are aimed at analyzing different aspects and levels of existence in an organization (Simerson 2011, p. 123). As such, not exclusively these tools are applicable to any situations, thereby their effectiveness is limited to specific situations.The political factors of analysis involve government controls and rules in the effort of the company to keep up with the Environmental and Corporate S ocial