Article Writing Homework Help

Need help with my writing homework on Of Strategic Management. Write a 1750 word paper answering; SO strategies use a firm’s internal strengths to take advantage of external opportunities.

WO Strategies aim at improving internal weaknesses by taking advantage of external opportunities.

ST Strategies use a firm’s strengths to avoid or reduce the impact of external threats.

WT Strategies are defensive tactics directed at reducing internal weaknesses and avoiding environmental threats.” (David, 180-181)

In order to understand the external environment of the Company it is important to undertake the PESTLE analysis, which is as follows:

Political: Decrease in demand due to unstable political situation.

Economic: Imposition of Tax or quota from the Government on the major players of market in order to avoid monopoly in the market.

Socio-cultural: The population of U.S is getting more conscious about the problems related to health. Any product accused of effecting health of the people can lead to the loss of market share.

Technological: Achievement of advanced technology by the competitors resulting in shape of economies to scale.

Legal: Legal actions against the company as a result of disease due to the raw material production in unconventional manner.

Environmental: The Company can face environmental threat because of the Agro-terrorism.

New Balance currently maintains a well-qualified and teamwork-minded staff who is dedicated to innovation and excellence in workmanship. This is a significant resource for a business, which relies on domestic manufacturing facilities as a means of cost control. In many respects, the company maintains quality human resources focus which, in the event of excess capital availability, could drive high-quality, low-cost training to minimize complications with labor.