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MAIN BODY PESTLE Analysis, Porter's Five Force Model and SWOT Analysis

   

Added on  2020-12-24

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MAIN BODY PESTLE Analysis, Porter's Five Force Model and SWOT Analysis_1
Table of ContentsINTRODUCTION...........................................................................................................................3MAIN BODY...................................................................................................................................3CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9
MAIN BODY PESTLE Analysis, Porter's Five Force Model and SWOT Analysis_2
INTRODUCTIONThis study will highlight, strategy development models in relation to the practicalbusiness examples. This study will highlight, PESTLE Analysis, Porter's five forcemodel, Resource based view and SWOT analysis. MAIN BODYPESTLE AnalysisPESTLE Analysis is a fundamental framework which helps in identifying themacro forces which influence the operations of the business. It helps in strategicsbusiness planning which leads to effective decision making that helps company insustainable growth and development of the organization. Political factor:Political factors relates to the degree to which government institution orbody will intervene by implying various government policies and regulations whichinfluence the working of the organization (Fozer and et.al., 2017). Political factorsinclude government policy, corruption, tax, foreign trade, political stability or instability,trade barrier, terrorism, inter- country relationship, Bureaucracy, fiscal policy, etc. For example: Starbucks has to comply with the laws, policies and regulation of thecounties in which it operates for smooth functioning of the business. Economic factor: Economic factors like interest rates, inflation rates, currency exchangerates, disposable income of consumers, unemployment rate, inflation, import/ export,international trade, economic downturn, etc. have significant impact on the operation ofthe business. For example: Starbucks has to deal with rising operational cost and inflation affect theoperations of business which leads to lower profitability for the business. Social factor: Socio-cultural factors like demographics, consumer buying behaviour,changing attitude, work ethic, cultural differences, values, beliefs, lifestyle trends, etc.Social factors helps in identifying the needs and wants of customer for highersustainable growth and development of business(Scanning the Environment: PESTELAnalysis, 2016).
MAIN BODY PESTLE Analysis, Porter's Five Force Model and SWOT Analysis_3

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