This week’s topics
Strategic Financial Environment and Resource Allocation
- Macro-environmental analysis (PESTLE)
- Porter's Five Forces
- Resource-Based View (RBV) and VRIO framework
- Strategic alignment of financial and operational resources
- SBL Topic Explainer: Strategic position analysis (PESTEL,SWOT, Porter’s 5-forces,Porter’s Diamond)
- The Five Competitive Forces That Shape Strategy
- The Resource-Based View: Resources, Capabilities, and Competitive Advantage
What you will be able to do
- 1.1 Apply relevant academic theories to demonstrate an understanding of various internal and external organisational factors.
- 1.2 Evaluate business resources used to meet organisational objectives.
Activity
Start with this week’s 3 videos, then: Seminar, guided reading and a short written task: apply relevant academic theories to demonstrate an understanding of various internal and external organisational factors.
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
- The Resource-Based View: Resources, Capabilities, and Competitive Advantage · YouTube · Professor Kuban Explains · 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
- Entrepreneurship, ch. 14: Fundamentals of Resource Planning · PDF · OpenStax, textbook chapter; pp. 539–580 · 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.