Below is a list of business studies theory articles relating to the Strategy section of Business Case Studies. Choose your sub topic from the list of arrowed links below the Strategy heading to find all theoretical explanations.
This page aims to help you understand the theory of external organisations at GCSE and A-Level.
Learn about strategy from the experts
Business Case Studies work with some of the world's largest and most successful companies to bring you real life strategy case studies to help you with your studies.
By working from real world strategy examples, you will get more from your business education than ever before and learn from true experts.
What is ‘strategy theory’?
This part of the curriculum looks at the various
external influences that businesses must identify, monitor and respond to in
order to maintain competitive edge.
The business cycle - considers the impacts
of changes in the economic environment on a business and how a company
needs to respond in each of the different phases (downturn, bust, recovery,
boom) in order to remain viable.
External influences - Political, Economic,
Social, Technological, Environmental, Legal factors (PEST/SLEPT/PESTEL
analysis) - and how a business needs to anticipate and take the impacts
of these into consideration
Competition - considering the factors that
affect degrees of competition (consumer knowledge, control of prices, number
of rival products, ease of access to the market), including Porter's 5
Business ethics and Corporate Responsibility
- looking at how a business demonstrates its values and responds to the
wider community and society and the benefits of behaving ethically
Globalisation - exploring the factors affecting
globalisation, eg technological change, deregulation of business, changing
consumer demand, emerging markets, and the effects these have on a business