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Critically evaluation of Porter's five forces, Value Chain Analysis, Balanced ScoredCard
Given the demands of today's competitive and dynamic environment, it is quite challenging to understand strategic issues facing organizations and develop the capability for long term organizational success. This report aims to present a critically analysis of three frameworks across organizations: Porter's Five Forces, Value Chain and Balanced Scorecard. Such critical evaluation includes identifying the benefits and limitations of three frameworks and considering some implementation issues within organizations. As powerful strategic management tools, Porter's Five
amp; Scholes K.,2000, Exploring corporate strategy, 6th edition, Harlow: Prentice Hall *Linda, B, 1997, Managing the business environment, London: International Thomson Business Press *Pearce, J. A. & Robinson, R. B., 2000, Strategic management: formulation, implementation, and control. 7th ed. Boston: McGraw-Hill *Porter M.E., 1990, The Competitive Advantage of Nations, 1st Edition, London: Macmillan Press Ltd *Porter, M.E., 1980, Competitive strategy: techniques for analyzing industries and competitors. New York: Free Press *Walters, D, 2002, Operations Strategy, Basingstoke: Palgrave Macmillan
