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Level 5 Diploma in Accounting and Business

The Strategic Management Process: Environmental Analysis

AB501 · Principles and Concepts of Business Strategy — Week 6 of 16

CourseAB501
Week6 of 16
SemesterI
TutorOnline in the course chat

This week’s topics

The Strategic Management Process: Environmental Analysis

  1. Macro-environment appraisal (PESTLE)
  2. Industry structure (Porter's Five Forces)
  3. Internal audit (VRIO and Value Chain)
  4. TOWS synthesis
  5. SBL Topic Explainer: Strategic position analysis (PESTEL,SWOT, Porter’s 5-forces,Porter’s Diamond)
  6. The Five Competitive Forces That Shape Strategy
  7. VRIO Framework EXPLAINED | B2U | Business To You

What you will be able to do

  • 2.2 Compare the elements of a strategic management process.

Activity

Start with this week’s 3 videos, then: Seminar, guided reading and a short written task: compare the elements of a strategic management process.

Study materials

Videos

  • SBL Topic Explainer: Strategic position analysis (PESTEL,SWOT, Porter’s 5-forces,Porter’s Diamond) · YouTube · ACCA Student Study Resources · 39 min · for registered students
  • The Five Competitive Forces That Shape Strategy · YouTube · Harvard Business Review · 13 min · for registered students
  • VRIO Framework EXPLAINED | B2U | Business To You · YouTube · Business To You · 14 min · for registered students

Further resources

  • Mastering Strategic Management, ch. 3: Evaluating the External Environment · PDF · Saylor Academy, textbook chapter; pp. 71–100 · for registered students
  • Principles of Management, ch. 8: Strategic Analysis: Understanding a Firm’s Competitive Environment · PDF · OpenStax, textbook chapter; pp. 233–260 · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
Week 5Week 7
Course chat

Admitted students ask questions on this week’s page in the student portal: an AI assistant trained on the course answers first, and during the course’s timetabled classes Connect to your tutor brings your tutor into the chat, who may start a call if needed.

Open this week in the portal
Course plan
  • Week 1: Foundations of Business Strategy
  • Week 2: Hierarchy of Business Strategy
  • Week 3: Strategy Development Approaches
  • Week 4: Organisational Theories in Strategic Management
  • Week 5: Typologies of Business Strategy
  • Week 6: The Strategic Management Process: Environmental Analysis
  • Week 7: The Strategic Management Process: Execution and Control
  • Midterm: Midterm evaluation
  • Week 9: Conceptualising Strategic Options
  • Week 10: Comparing Growth Vectors and Strategic Options
  • Week 11: Recommending Strategic Options
  • Week 12: Applying Principles and Concepts of Business Strategy in pr…
  • Week 13: Assignment workshop: research, planning and referencing
  • Week 14: Assignment workshop: drafting, feedback and improvement
  • Week 15: Review and coursework completion
  • Final: Final assessment and submission
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