and Schlesinger, 1991). According to Dr. Paul (2014) “A PEST/PESTEL analysis is a framework or tool used by marketers to analyse and monitor the macro-environmental factors that have an impact on an organisation”. The PESTEL factors are those components that make up the macro-environment. These factors include political, economic, social, technological, environmental and legal factors. According to Kotler (1998), PESTLE analysis is an effective vital tool that is used in understanding the…
Introduction This report presents answers for two questions. The first question asks about an analysis of external environment impact on retail companies like Circuit City and Wal-Mart. It also discusses the tools and techniques that can help managers to identify and evaluate the external influences on strategy. In second question, I should choose a company and presents its resources and capabilities and the steps the company should take to exploit its strengths and to correct its weaknesses in…
its parent company PepsiCo have been concentrating on the solutions to diminish their environmental footmark in packaging and waste. For instance, they have improved their packaging design to be more sustainable (PepsiCo, 2017). 1.5 SWOT Analysis SWOT analysis will be applied and demonstrated below. Gatorade’s present situation will be examined through strengths and weaknesses. Opportunities and Threats will provide an insight for the company future goals. Strengths – Gatorade and Powerade are…
external factors. There are two main approaches to be used to a better knowledge about it. The first one is an analysis of general requirement that consists of six dimensions: political, economic, social, technical or technological, environmental, and legal (so-called PESTEL which is an acronym of these segments) and analysis of the organization’s microenvironment. Porter’s Five-Forces Analysis of Market Structure is one of the most useful tools for these purposes. According to Porter, the…
The SWOT analysis is the useful way of directing and managing the internal and external factors that affect the organisation. It talks about what the company is at good at, what needs to be improved, and the other things happening outside the company. It stands for Strength (S), Weaknesses (W), Opportunities (O) & Threats (T). See fig. 2.4. Fig. 2.4 shows the summary of SWOT analysis done on Red Bull. opportunities 1.Newer geographies 2. manufacturing unit in Asia 3.Product line…
Abstract— improving performance of software, sites and services is a holy grail of software industry. A new approach for implementation of Poka-Yoke method in software performance engineering is proposed. Poka-Yoke is a mistake proofing technique used in product design. The effectiveness of Poka-Yoke in software development was evaluated using two case studies: product redesign mini-project given to six groups of students and a survey of online services in the software industry. Both…
Micro and Macro Environment. The External factors includes the economic factors; demographics; legal, political, and social conditions; technological changes; and natural forces (Businessdictionary.com, 2017). Micro environment of business includes competitors, customers, suppliers, Public, marketing intermediaries, workers and their union. The micro environment of the organisation consists of those elements which are controllable by the management (Yourarticlelibrary.com, 2016). …
Question 1: PESTEL framework analysis assesses the external environment variables to identify the opportunities and risks of certain public strategies, because the changes in these factors can lead to a significant shift of industries, especially in the long term (Witcher and Chau, 2010). PESTEL sheds light political, economic, social, technological, environmental and legal factors set. 1. Political With the sale of cars in 17 countries from North America, Western Europe and Asia (Tesla 0.2014)…
Introduction This research analysis report is based on several fundamental attributes of BHP Billiton. To begin with, it conducts an analysis of the critical risks and strategic outlook of the company. This is aimed to determine whether the company is destined for growth by determining areas of growth, and identifying those that have slowed down. It also identifies the market forces that are assisting the company in growth, as well as those forces that are hurting the company. The main aim of…
.2: SWOT ANALYSIS When evaluating major investments, organizations may carry out a SWOT analysis in order to support proper decision making. The SWOT analysis method is useful when trying to ascertain negative and positive factors concerning the investment. SWOT stands for Strengths, Weaknesses/Limitations, Opportunities and Threats. A SWOT analysis is a method of analyzing internal factors a business can control and external factors it cannot control. A company's strengths and weaknesses are…