From the specification From the specification a) PESTLE (political, economic, social, a) PESTLE (political, economic, social, technological, legal and environmental) technological, legal and environmental) b) The changing competitive environment b) The changing competitive environment c) Porter’s Five Forces c) Porter’s Five Forces Guidance from Edexcel Lesson Objectives • To be able to understand the PESTLE analysis tool • To be able to discuss ...
WHY IS IT USEFUL? HSC Syllabus outcomes: H2Evaluates management strategies in response to changes in internal and external influences H7Plans and conducts investigations into contemporary business issues H8Organises and evaluates information for actual and hypothetical business situations HSC SYLLABUS: OPERATIONS Content Students learn to: Examine contemporary business issues to: - Examine the impact of globalisation on operations strategy - Identify the breadth of government policies ...
Introduction • Businesses should be alert to the external environment. • Reaction to possible threats and seizing opportunities as they occur decides who is ahead in the competitive market. 2 Learning Objectives • By the end of this lesson, you should be able to: • Understand why a PESTLE Analysis is used • Know what the acronym PESTLE stands for • Understand how political and ...
SWOT Analysis - Concept links Competitiveness Competitiveness Competitive Benchmarking Competitive Benchmarking advantage & KPIs advantage & KPIs SWOT PESTLE SWOT Strategic PESTLE Analysi Strategic Model Analysi decisions Model s decisions s What is SWOT Analysis? SWOT Analysis SWOT Analysis helps a business helps a business assess its assess its competitive competitive strength and the strength and the nature of its nature of its ...
PESTLE Analysis Template List issues related to tax, trade, and Political employment law, regulations and overall P stability, all of which are likely to impact your business’ activities. Economic List factors such as inflation, growth, interest E rates, and the unemployment rate. List issues such as culture, education, and S Social demographics can influence the viability and development of your products and services. List any ...
INTRODUCT ION - Developing and implementing strategies to remain competitive in the environment - most small businesses have an initial strategy, a business plan A strategy is a plan of action to address an opportunity or to solve and problem Strategic plan = corporate strategies + operational strategies DIFFERENT BUSINESS ENVIRONMENTS AND THEIR RELATED CHALLENGES ENVIRONMENT COMPONENETS EXTENT OF CHALLENGES CONTROL MICRO Vision, mission goal ...
PESTLE (Political, Economic, Social, Technological, Legal, Environmental) analysis template and prompts Political Considerations Economic Considerations Political Considerations Economic Considerations •How could a change of government impact policy impact or •How stable is the current economy? Is it growing, stagnating, •How could a change of government impact policy impact or •How stable is the current economy? ...
Why have a business plan? A good plan is like a road map: it shows the final destination and usually the best way to get there. Framework for business planning • Timescale • Planning • Environmental analysis – SWOT & PESTLE • Risk management • Development of strategies – membership & involvement, human resources, asset management, investment, development & E/IT • Financial ...
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