DISCUSS HOW THE COMPETITIVE PROFILE MATRIX CAN PROVIDE INSIGHT INTO POSITIONING YOUR ORGANIZATION RELATIVE TO THE COMPETITION?

DISCUSS HOW THE COMPETITIVE PROFILE MATRIX CAN PROVIDE INSIGHT INTO POSITIONING YOUR ORGANIZATION RELATIVE TO THE COMPETITION?
Strategic management entails that an organization uses its resource to adapt to the environment in which it operates. There are different segments in the external environment in which a business organization operates. These include the economic, social, cultural, technological; demographic, political, legal and, global environments. Thus, an organization would operate effective and compete adequately when it could adequately strategize in a way that its resources could adapt to the changes that occurs in the environment. Moreover, an organization’s internal environment goes a long way in determining how it strategize and compete with its rivals. The internal variables or environment in which an organization operates upon depends on the strength of its management team and workforce, the corporate culture exhibited, its allocation of resources, the priority of the organization, the technical know-how and technological advancement and tools utilized in the organization. Thus, these internal variables go to form the corporate profile on which it stand to build up its strategic plans.

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