How do you use PESTLE and SWOT?
What is Saudi Arabia's PESTLE Position?© BrainMass Inc. brainmass.com October 25, 2018, 7:30 am ad1c9bdddf
In any business aiming for success certain internal and external data is required to determine the actual strategy in implementing the business operations. PESTEL is a strategic marketing analysis technique outlining external factors for identifying elements present within the targeted marketplace. SWOT is an analysis method for strategic planning for appropriate approaches once the evaluation of data is completed, in order, for important business venture decisions is to be made.
PESTLE has 6 categories that determine the conditions within the targeted marketplace overall position for entering the business market. The six categories are as follow:
Political Factors - what is likely to impact the business industry political? For example, does the market country have a growing economy or illustrate the supportive (laws / regulations) for supporting the type of business, i.e. low taxes or tariffs, etc. ...
The development of SWOT and PESTLE for succeeding within an international business entreprise for a strong position in Saudia Arabia.
Learning about applications of PEST, Porter's 5 , SWOT
This is for a threaded discussion- need only be a few paragraphs in length (2-3). See below for more details on topic:
"As a business student you have likely spent some time learning about applications of PEST (and/or PESTEL), Porter's 5 forces, and SWOT analysis over the years. These are useful tools for understanding the environment in which a given organization might find itself embedded. SWOT analysis is useful for understanding the organization itself on a more micro-level scale.
Discuss to what degree you believe these tools are actually useful for different sized businesses. For instance, what should a mom and pop computer repair store consider doing in the area of strategic analysis? What about a medium sized retailer?
What about a family? Is there an optimal organizational size for applying these tools? Give some evidence to support your key points."
Please list references. Thank you.View Full Posting Details