Management: Strategic Tools for Business Development

Management

TABLE OF CONTENTS
Management................................................................................................................................1
INTRODUCTION...........................................................................................................................3
MAIN BODY ..................................................................................................................................3
PESTEL Analysis........................................................................................................................3
SWOT Analysis..........................................................................................................................4
Ansoff matrix:.............................................................................................................................5
CONCLUSION ...............................................................................................................................7
REFERENCES ...............................................................................................................................8

INTRODUCTION
Management can be define as a process of controlling over the affairs of the organisation,
in terms of size, structure, type and nature. It is the activity of creating and maintaining an
enterprises. Management is the science and arts of getting things done by others to tin order to
achieve the desired objective and goal of the organisation with use of available resources
effectively and efficiently. It is a process in which planning, organising, leading and controlling
activities are continuously performed. It acts as a guide to the group of people working in the
firm and coordinate them to achieve common objective. This report is based on the Toyota
Motor Corporation. This firm is on of the largest manufacturer of auto mobiles in worldwide.
Toyota Motor Corporation deals in cars and produce vehicles under the five brands considering
Toyota, Hino, Lexus, Ranz and Daihatsu. This report will consider the decision on the PESTEL,
SWOT and Ansoff matrix to explaining the strategic development tools and its use for the
business.
MAIN BODY
Strategic tools are important and most popular business strategy tools using for
implementation of strategic plans and achieve a sustained competitive advantages. Following is
the comprehensive discussion of strategic tools:
PESTEL Analysis
PESTEL analysis is very essential tool which helps to understand the growth and losses
of a particular market and concentrating on the political, economical, social, technological, legal
and environmental factors of the organisation (Kreutzer, 2019). It shows an available
opportunities for Toyota Motor Corporation.
Political factor is very essential for the company which deals with an international
market like Toyota Motors (Nurmi and Niemelä, 2018). This factor will be guide the firm to
understanding the particular and specific requirements, rules, restriction and policies of the
country. This factors can measures the degree of government intervene in the economy.
Economic factor can be breaking down into two parts one is micro economic and second
is macro economical factor which deals in economic demand of any given economy. This
includes the growth, foreign exchange rates, interest rates and inflation and income of business
as well as consumer and so on which affects the decision making of the business.