Business and Business Environment (Sports Company) - PESTLE and SWOT Analysis
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This presentation discusses the impact of political, social, economic, and other factors on a sports company in the current business environment. It includes a PESTLE analysis of the sports retail market and a SWOT analysis of JD Sports. The presentation concludes with recommendations for expansion and growth.
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Business and business environment (Sports Company) Part 2: Presentation
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Table of Contents Introduction PESTLE Analysis of Sports retail market SWOT Analysis of JD Sports Conclusion Recommendations REFERENCES
Introduction Business environment encompasses different form of factors, and each factor include a specific extent of impact, which it put upon companies, either small or large, private or public. The current study will be based on three different categories of sector such as private, voluntary and public.
PESTLE Analysis of Sports retail market Political factors The political instability in the business environment of UK due to Brexit has increased the difficulties with the JD Sports to conduct their business operations freely. Thechangesofinternalbusinessconditionsduetowar situations have led towards restrictions between nations to conduct free trade which has been a negative factor the company to grow.
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Continued Technological factors Advancements of technological tools and software is effective for increasing the opportunities with sporting businesses to provide better customer experience. Ithasapositiveimpactontheoverallperformanceofthe companies on the competitive business environment as customers may attract towards these organisations.
SWOT analysis of JD sports Strengths JD Sports has trustworthy suppliers which increases the quality of products and services which are provided by the organization in the business environment. The organization has a strong brand value among the customers which is considered as a strength of the company having a major influence on its success.
Continued Threats The competitors of JD Sports may create threats forthebusinesstogrowandenhancetheir business in the industry. Varying laws in different markets may have a negative influence on the overall productivity of the company in the industry which acts as a major threat for the business.
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Conclusion On the basis of above analysis, it has been identified that political, social, economic and other factors have impacted venture, negatively and positively. By considering these factors and their impact on ventures, sports organization has developedthebestexpansionplansthatenablesmanagementtoexpandtheir distribution channels successfully. It has achieved the aim, and objectives as well as gained competitive advantages in bulk.
Recommendations JD Sports can focus on different factors before undertaking their expansion practices such as the favourable market situations of the country where they want to expand. It is necessary for the businesses to explore the market before entering in order to analyse the merits and demerits of the current situation of a particular place. The organization should use new and advanced technological tools to enhance their communication and operational activities which are necessary to survive in the external environment.
REFERENCES Bruijl, D. and Gerard, H.T., 2018. The relevance of Porter's five forces in today's innovative and changing business environment.Available at SSRN 3192207. Gogokhia, T. and Berulava, G., 2021. Business environment reforms, innovation and firm productivity in transition economies.Eurasian Business Review,11(2), pp.221- 245. Kiseľáková, D. and et.al., 2019. Competitiveness and its impact on sustainability, business environment, and human development of EU (28) countries in terms of global multi-criteria indices.Sustainability.11(12). p.3365.
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