Audible Company Term Paper Example | Topics and Well Written Essays - 1000 words

Audible Company - Term Paper ExampleThe business environment is defined by both external and native factors. The external factors argon beyond the business control, but they impact on the organizations operations. The analysis of the external factors enables an organization to recognize opportunities that it can easily tap into and the flagellum that are restricting its operations. The Porters five analysis- competition, entry barriers, and buyer-supplier behavior- are very crucial when identifying the (OT) strategies (David). Conversely, the internal business environment includes all those activities that the firm can control. These factors include products produced, market share and segmentation, revenue versus bell analysis among others. The value chain identifies the factors that are habituated commonly used by firms in their operational activities especially the internal factors to deliver a quality product. The analysis of internal factors and value chain is thereof impor tant in establishing the strengths and weakness (SW) a firm possess in a given industry.A firms elements of strategy involve an integrated garnish of choice that addresses how it will achieve its set objectives and goals. The key elements commonly referred to as five elements of the strategy include arenas, differentiators, vehicles, staging and economic logic. The following are the Audibles company 5 elements of strategy The company identified the digital platform and the use of the internet to provide content in audio format as its strategic arena.