Every business and enterprise need new techniques and ideas to improve your working. The answer of this question is that use vital and comprehensive business strategy. In order to establish a clean and new business strategy follow a successful business rules. Every company have some weak point, point out and remove these weakness and establish straight. External and internal analyses improve your capability of business. The external analysis improve your industry or business environment and tell that how is favorable for your company. The internal analysis focus on inner-working of firm capabilities.
A comment method of improving your external environment of a company use Michael porter five forces model. Porter is a professor Harvard businesses school and auditor of modern business tools. These tools help you competitive environment of a industry and guide you which environment is capable or non capable for your company. This factor determine strategy development process and define key success factors of a industry.
Porter value is an effective tools used to determine firm internal and external activities. These tools focus on primary and secondary activities of a whole firm and identify key success factor of the external analysis.
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