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Competitive Strategy - Assignment

   

Added on  2021-06-18

8 Pages1601 Words28 Views
Running head: Competitive strategy Competitive strategy

Competitive strategy Introduction Development tools have a great role in operating the overall activities of the company. In this paper, the development tools which will be taken into consideration are SWOT, PESTLE AND Porter five forces. The discussion will be made on the tools with the examples related to Estia which is one of the largest age care company. These tools assist the company in operating the activities so that goals and objectives can be attained. PESTLE ANALYSIS This is one of the tools which help to analyze the external factor of the company. There are various factors which are related to this analysis like political, social, economic, technological, legal and environmental. This analysis is conducted so that market situation can analyze in a proper manner. On this analysis, the managers or the top management give more focus so that proper directions can be given. In this political factor has a connection with the rules and regulations imposed by the government. The economic factor is related to inflation and deflation and the overall impact is given on the prices of the services and products which are given. Next factor is a technological factor in which latest technologies are considered so that activities can be conducted smoothly (Porter and Kramer, 2019). Next factor is related to the environment in which surroundings and environment are analyzed so that according to that operations can be completed. The last factor is a legal factor inwhich the emphasis is given on the rules that are implemented by the companies so that activitiescan be completed by considering proper policies (Weerawardena and Salunke, 2017). ExamplePolitical factor It is analyzed that organization is giving focus on maintaining proper partnership by considering both private as well as public sector. Expenditure on public health is low if a comparison is made with the developed countries. The government provides drugs and also there1

Competitive strategy are many medical types of equipment which is taken into consideration so that companies who are from health sector can achieve growth. When Estia conducts the activities, proper rules related to labor law and other are taken into consideration (Tan and Sousa, 2015). Economic factor It is seen that the policies related to government policies also offer opportunities so that the infrastructure of the healthcare can be maintained. It is analyzed that private sectors give healthcare services in an effective manner. It is seen that behavior related to spending can be enhanced by the people and also, they can avail the services of healthcare in a proper manner (Wagner III and Hollenbeck, 2014). Socio-cultural factor It can be evaluated that in Estia the people are taken into consideration who is old and proper assistance and care is given to them. It can also be analyzed that in Australia the overall rate of population is high and the people who are aged are moving towards old age homes so thatproper care can be taken. Technological factor Technological factor the healthcare system in Australia has to face a huge pressure just because of the technologies. But Estia focuses on considering the technologies which help the company to achieve success in the market. Legal factor The company gives emphasis on maintaining proper employment law and also health andsafety law so that people who are aged can care properly. Environmental factor Estia gives emphasis in managing the overall waste and also recycling of the waste so that environment can be clean. 2

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