Business Strategy of Deloitte: PESTLE, SWOT, Porter's Five Forces Analysis and Competitive Advantage

Business Strategy

Table of Contents
Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
PART 1............................................................................................................................................1
Detailed PESTLE and SWOT analysis of company..............................................................1
Analysis and critical evaluation of competitive environment by implementing Porter’s
five forces model........................................................................................................................3
Determination as well as justification of company’s present and potential competitive
advantage...................................................................................................................................5
Devise of valid strategies as well as tactical goals to accomplish strategic goals.................6
PART 2............................................................................................................................................8
Critical evaluation of various types of strategic direction that is present to company......8
Justification and recommendation of proper growth platforms as well as strategies........9
Evaluation of ways and means by which selected strategy could be monitored for having
success........................................................................................................................................9
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................11

INTRODUCTION
Business strategy is very essential for or any company as it helps in achieving particular
goals as well as objectives. It is type of management plan that helps in increasing company’s
performance (Heshmati, M. and Csaszar, F., 2021). It represents different ways for
accomplishing objectives and without business strategies it becomes difficult for companies to
perform their market practices with their competitors. Producing business strategies is considered
to be one of main activity of Management. It is basically a set of competitive moves as well as
actions which is used by companies in order to attract customers, generate success,
accomplishing objectives and strengthening performance of company in markets. Business
strategy outlines how business should be performed how to reach with planned outcomes. This
report is based on business strategy of Deloitte which is a multinational professional services
network company by having their offices in over 150 countries as well as territories around their
global world (Handayani, Setiyawan and Prasetyo, 2021). This report includes in two parts
where part 1 consists of detailed macro and micro analysis of company with their critical
evaluation of competitive surroundings by using Porter five forces model. There is justification
of potential competitive advantage by devising various valid strategies and tactical objectives to
achieve goals. While part 2 consists of critical evaluation of different kinds of strategic directions
which are available in company, justification and recommendation of proper growth platforms
around with evaluation of different methods by which strategy could be monitored for having
success followed by its conclusion.
MAIN BODY
PART 1
Detailed PESTLE and SWOT analysis of company.
In order to analyse influence of macro and micro surroundings it is necessary to examine
various factors so that strategies could be formulated according to their requirements and
company could be able to achieve its objectives (Zhou, 2021). In relation to Deloitte for having
Macro analysis PESTLE analysis is performed and SWOT analysis is performed for analysing
internal capabilities. PESTLE and SWOT analysis of company in order to examine their
strategies are explained as follows:
PESTLE analysis:
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This analysis includes various outer factors that could affect business practices in a huge
manner. These factor are political, economic, social, legal, technological as well as
environmental.
 Political factors: This factor of analysis consist of change in European market after
Brexit and there is Trump administration policies effect strategies of Deloitte in high
number on political base (Kim and Park, 2021). These factor could create an impact on
company. There are different changes that have been taken place in working policies of
company.
 Economic factors: There is constant fluctuation in global real Gross domestic product
that could affect working practices of Deloitte in high level along with there is currency
fluctuation that could affect economic position of company on high basis.
 Social factors: This factor leads in changing preferences of millennials affect their
company practices. Along with culture as well as social influence on their business varies
from country to country. It signifies Deloitte that they should consider these factors for
having their safety and health conscious by analysing demographics, population growth
rate as well as cultural aspect.
 Technological factors: As Deloitte technology is considered as one of most essential
method of being competitive in highly competitive market area and they are using
globalisation which could consist of different elements of using technology. As they are
involved in social media along with block chain and advance payment technologies are
being used in company. There is also digital disruption which could affect their business
practices and high basis.
 Legal factors: There is espionage practices along with diversification through acquiring
various digital marketing and analytical ideas which could affect their practices on legal
basis (Nakata and Bahadir, 2021). Company is involved in laws and regulations that
might effect on their business operations has it consist of impending and current
legislation which tends to be an impact on their sector.
 Environmental factors: Deloitte is facing breakthrough for sustainability in a
commercial real estate. There is long lasting impact by company surrounding that could
identify various environmental factors it consists of awareness of seasonal as well as
climatic change that could impact on their performance.
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