PESTLE and SWOT Analysis of JD Sports for Business Expansion
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Added on 2023/06/05
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This presentation covers PESTLE and SWOT analysis in the context of JD sports, along with recommendations regarding macro and micro factors for business expansion.
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Business and business environment Part 2: Presentation
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INTRODUCTION Pestle analysis refers to the planning and management tool which aids to determine the macro environmental factors of the organization. It includes factors likely to be termed as political, economic, social technological, legal and environmental. Swot analysis can be stated as tool for gauging the strengths, weakness, opportunities and threats of the company in their current surroundings. This presentation would cover PESTLE and swot analysis in the context of JD sports. While further recommendations regarding macro and micro factors will be stated to execute whether the company should proceed further with its expansion plan or not.
PESTLE analysis of JD Sports Political factors of the organization help to analyse the internal environmental factors of the organization. This changes will not only impact to the organization but also create impact over other retailers in similar industry. JD sports can look further for business expansion plans as Pestle analysis model is influential for formulating effective approaches and some achievements for long term profits.
Continued Political factor – Government policies and system has topmost role into objective and nature of norms, new governmental policies in UK can alter investment segment within service sector. Economical factor – It is most significant for organization to have knowledge about economic factors as it aids to get in touch with details about economic environment of the country. Social factor – Each and every society plan their own methods and other ways to perform thing which cause organization culture in those environments.
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Continued Technological factor – Technology will be salubrious in terms of making positive impact with serving an ability to promote venture globally. Legal factor – It is foremost factor whereby company cannot take place into new market as having lack of knowledge regarding legal environment and its structure. Environmental factor- The government of UK has come across by initiating rules for waste management into the urban areas.
SWOT analysis of JD sports Swot analysis is considered as planning that can be used by organization in order to figure out internal factor impact over business performance. Theinternalfactorssuchasstrengthsandweaknessandexternalfactorslike opportunities and threats are discussed below: Strength - The broad range of product portfolio of JD sports is the strengthening aspect of the firm as it makes vast differentiation from other competitive forces.
Continued Weakness – Lack of investment in technology creates weakening aspect for the company as more amount of technology is highly required that align with their vision. Opportunity – JD has chance to make its business expansion more stable and superior that would access them to generate higher amount of profit. Threat – The other competitive forces can launch their products in affordable price scheming which would serve people with option to make their purchase.
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Analysis of external and internal factor for business expansion Fromthefollowinginternalandexternalaspects,itcanbeclearlystatedthat organization can make its growth with expansion planning systematically. By performing such steps organization will be able to generate their valuable position in the markets and this can be done through by providing customer with all their fundamental needs. Before initiating expansion, it is essential for business to look and conduct suitable marketanalysiswhichwouldprovidethemwithbasicdetailsaboutcustomer preferences.
CONCLUSION From the above presentation it has been summarized briefly internal and external factors of the organization by using relevant framework such as PESTLE and SWOT analysis. It has been figured out that organization should look after their external and internal environment in order to serve with favourable outcomes and easily overcome to the challenges.
REFERENCES Shadman, S. and et.al., 2021. The role of current and future renewable energy policies infortifyingMalaysia’senergysecurity:PESTLEandSWOTanalysisthrough stakeholder engagement.Progress in Energy and Environment, 16, pp.1-17. Christodoulou, A. and Cullinane, K., 2019. Identifying the main opportunities and challengesfromtheimplementationofaportenergymanagementsystem:A SWOT/PESTLE analysis.Sustainability, 11(21), p.6046.
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