This presentation discusses the interrelation between strength and weakness with macro factors in the business environment. It covers PESTLE analysis, SWOT analysis, and the impact of SWOT on decision making. The conclusion emphasizes the importance of assessing the business environment for successful growth.
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Table of Contents Introduction Strength and Weakness interrelation with macro factor. Pestle Analysis Swot Analysis Impact of SWOT on decision making Conclusion
Introduction Business environment is continuously dynamically changing. It is important for organizations to assess the business environment for successfully growing in market.
Strength and weakness interrelation with macro factor Weakness and strength of Leadway consulting is interconnected with political factors, legal, economic, environmental and other factors. Changes in these factors will lower and increase the ability of company and influence on the way they perform in market for longer period of time.
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PESTLE ANALYSIS Political Factors •It includes factors such as policies, regulations, tax rates given by government that can affect the business. •Leadway Consulting can also get affected by these factors while expanding their market in Germany Economical factor- •It includes the various factors such as inflation rate, labour rate, fiscal policies that can affect thefirm like consulting Ltd. •It has been analysed that country is going through a drastic recession time.
Social factor •These factors include the attitude, belief, thoughts and values of people which needs to be addressed by people living over there. •So leading consulting while expanding market over there needs to lay emphasis on this Technological factors •There are number of factor that are also leading the Lead way consulting firm to excel in market. •Technologies in this firm include advance software for recording the transactions of company. Legal Factor •Legal factor includes the compliance with various laws and legislation applicable to the firm. Environmental Factor •Environmental factor include the responsibility of company towards environment
SWOT anlayis Strength- Lead way consulting build their excellent reputation and high position market that helps to increase its consumer base rather than before. They provide appropriate guidance and directions to its consumers with suitable results that help to satisfied clients needs and requirement. They posses greater critical thinking skills and ability to retain workers effectively. Weakness- Due to lack of applicants in workplace they cannot be able to achieve positive results that bring challenges for business. Opportunity- New technology bring many opportunities for leadway consulting firm as it make them able to react at consumer for providing services through web chatting and video conferencing. Threat- Threat of new entrance in industry is posses as threat that affects on work activities and functions of business and might be decrease their profitability.
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Impact of SWOT on decision making of business Strength, weakness, opportunity and threat impact on decision taking function of business effectively as they take appropriate actions to improve areas of weakness and capitalize strength. They will focus on achieving goals and avoid the threat of new entry because it affects on growth of business.
Conclusion From above it has been concluded that political and other factors impact on company in which they deal with many issue and solve it by applying different techniques. Furthermore, by enhancing business strength company sustain for longer in market.