Strategic Management Management Essay Research Paper (Essay Sample)
In this task, students were REQUIRED to understand deeply the essence of strategic management. they were also required to familiarize themselves with the of tools strategic management and also showcase an IN-DEPTH understanding of both the internal and external environment of a business. having EQUIPPED themselves with all the information, they were required to carry an ENVIRONMENTAL analysis on the nio inc. ( an electric motor MANUFACTURING company in china) .
this sample thus is the answer PREPARED according to the question's directives. it is written in a project report form as it was a directive. it is majorly based on strategic management. it touches various aspects of the topic including; the micro and macro environment, IMPORTANCE of environmental analysis, tools strategic planning and cited examples in chosen industry.
Environmental Analysis Of NIO Inc.
Student name
Institution
Table of contents
1 Introduction………………………………………………………….
2 Need for why environmental analysis should be conducted………………
3 Evaluating the macro environment of NIO Inc…………………………….
4 Evaluating how competitive NIO Inc is………………………………
5 Application of SWOT on NIO Inc…………………………………………….
6 Conclusion……………………………………………………………..
References………………………………………………………..
1 Introduction
Environmental analysis is a strategic management tool. It is used to identify both the external and internal environment elements of a business that may affect its performance. It involves assessing the level at which the factor may cause the effect or similarly the level at which the factor may benefit the company (Hoffman, 2020).
The environmental analysis benefits businesses or companies in many ways. For instance, its principal purpose is to enable the firm to turn change into its advantage by being proactive. In the event of carrying out environmental analysis, companies get into sources of opportunities, threats, strengths, and weaknesses. Through the elaborative ecological study, a company gets to understand its market, thus understanding how best to meet its customers' requirements. A company also gets to understand its industry better, thus getting a chance to develop the best competitive advantage for its businesses (PRASAD, 2015). Therefore the environmental analysis is an excellent managerial tool that each company must-have for the smooth operation of companies.
This report outlines a detailed environmental analysis for the motor vehicles industry (specifically the electric motor vehicles industry). A case study of the NIO Inc. electric motor vehicle in China (Hoffman, 2020). It comprises various aspects which may include but not limited to the following: Reasons why NIO Inc. needs to carry out an elaborative environmental analysis, the Macro environment PESTEL analysis for NIO, how NIO Inc. can apply the SWOT analysis. Finally, a conclusion about NIO Inc.'s strategic measures (Ansoff, 2016).
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