read through the case carefully internal 300 words external 300 words Document Preview: External Assessment: Opportunities and Threats (about 1 page) Strategy relates the organization to its...

External Assessment: Opportunities and Threats (about 1 page) Strategy relates the organization to its environment. Therefore, we must understand the relevant environment in order to determine which strategies have potential for success. Chapter Two of Hill and Jones’ book provides you with concepts for this assessment. The process of developing an external assessment consists of at least three stages: stage one—the analysis that includes systematic identification and consideration of the key aspects of the firm’s environment; stage two—the synthesis of the key aspects into an understanding of the strategic opportunities and threats facing the firm; Created with an evaluation copy of Aspose.Words. To discover the full versions of our APIs please visit: https://products.aspose.com/words/ stage three—the determination of the necessary key success factors for any firm to successfully address those unfolding opportunities and threats It is the results of stages two and three that are detailed and discussed in this section of the paper. More specifically, you will focus on the three key opportunities/threats and related key success factors for the future. Key success factors are the resources and capabilities that will be required for any organization to take advantage of the opportunity or neutralize the threat in the future. They will provide a link to the internal analysis, where you would look for the required resources and capabilities in the specific firm you are studying. Keep in mind that the external assessment is more general so as to avoid tunnel vision. Please note, strategic opportunities and threats result from changes and discontinuities in one or more aspects of the firm’s external environment, and not from the firm’s internal strengths or weaknesses. An opportunity is more than a general option – it is an actual change in the environment that signals the possibility of success if the firm can develop a strategy to take advantage...