Discussion Thread: External Environment, Power / Weakness, and Decision Models Evaluating the external environment that the company does business in is critical to the process of developing a company’ Original Papers

Discussion Thread: External Environment, Power / Weakness, and Decision Models

Evaluating the external environment that the company does business in is critical to the process of developing a company’s strategy. When evaluating the external environment, it is important to understand key sources of power or weakness that exist. Decision models continue to impact strategy development and should continuously be evaluated, and others considered.

For your main thread, perform the following:

1. Discuss the process of evaluating the external environment.
2. Discuss a key source of power or weakness.
3. Discuss your current decision model(s) and others that are being considered.
4. Develop an Annotated Bibliography for the additional references used in your discussion.
5. Support all of your factual assertions with citations.

Discussion Thread: Strategy Development, Strategy Decisions, and Decision ModelsDeveloping strategy begins with thinking strategically and knowing what the key decisions are. Thedecision models that you employ will directly impact the quality of the decisions you make sounderstanding them is critical.Minimum of 500 words in the body.Minimum of 2 sources from the literature in addition to course texts.Use bolded headings below in the discussion.Current APA format must be used.Use the following outline:• Introduction• Process: Business Strategy Development – What is the process for developing a businessstrategy? Discuss the process in no less than 200 words.• Strategic Thinking: Key Decisions – What are the key decisions necessary for makingstrategy choices and why are they important? Discuss the key decisions and theirimportance in no less than 150 words.• Decision Model – What are my current decision models and how do they aid / hinderthis process. Discuss your current decision models and how they aid / hinder the strategydevelopment process in no less than 150 words.• ConclusionSupport your factual assertions with citations.Include an Annotated Bibliography, in current APA format, of the 2 additional Sources:• Minimum of 250 words in each annotation• Use the bolded headings below for each annotationUse the following outline:• Summary of Key Points• Evaluation of the Quality of the Publication• Evaluation of the Quality of the Author(s)• Where this fits into the discussion