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[SOLVED] The Five Forces Framework in Business

   

Added on  2020-10-22

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GLOBAL BUSINESS ENVIRONMENT
[SOLVED] The Five Forces Framework in Business_1

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1MAIN BODY ..................................................................................................................................1A. PESTLE Analyses..................................................................................................................1B. Porter's five force model.........................................................................................................4CONCLUSION................................................................................................................................6REFERENCES ...............................................................................................................................7
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INTRODUCTIONThe term environment refers to ever-changing situation where a company operates. Thisconcept inculcates every changing environment to help an organisation needs for betterimprovement and high level of quality (Checchinato and et.al., 2018). This report will befocusing on the two most important factors of a business environment such as PESTLE andPorter's Five-Force Model. This report is based on auto-mobile industries, which is located inEastern Europe. Moreover, report will focus on Global Auto-mobile business enterprise usingPorter’s Five Forces factors. MAIN BODY A. PESTLE StudyThe automobile industry is still one of the biggest manufacturing sectors but it goesthrough different business environmental factors such as technological factors. In this context,little emphasis within its industry and consultancy. Pestle environment is described as thedifferent framework of the macro environment. It is a tool used by marketing department toexamine and monitor different macro environment factors, which have an impact on thecompany (Reyes and et.al., 2018). This influences marketing and relationship of organisationperformance with different countries in market price. As per the change in time or other factor, itmay help to improve and make better decision making for an organisation. Nowadays, automobile sector is more durable, safe and less costly as compared topastime period. The automobile is entered into some new market with the help of technical andinnovation sector. The result of all macro environment factors, which is used to identifyweaknesses and threats to overcome any issues. In this way, such industry will give direct impactthrough macro environment. In addition, analysis of macro environmental factors will help todevelop future changes in auto - mobile sector and make some appropriate strategies. 1
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macro environment factors are as follows:Political factor: In this context, automobile sector is one of the most growing sectors.This is the biggest source of revenue for government departments and transformation ofauto- mobile sector. It includes government regulations and identifies rules for particularindustry. In addition, successful nation in terms of application of rules of law and controllevel of corruption. All such political factors will help to provide quality of work inautomobile sectors. On the other hand, political sector also maintains the monitoringsystem of automobile sector. As per the case study, overall growth will be based onpolitical factors in relation with different countries. Political factor will help in continuesbetterment in automobile sector and provides mix job opportunities from lower based andlocal people (Roberts and et.al., 2017). To manage the cost and significant role in suchkind of area automobile area. There are some big changes in overall development inmarket share as per the needs of customers’ demand. Political factor is to be focus on tax2Illustration 1: PESTLE ANALYSIS(Source: PESTLE ANALYSIS, 2017)
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