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Assignment on Assessment of Companies

   

Added on  2020-06-03

8 Pages1859 Words63 Views
Higher Education
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The different tools available to provide companyanalysis
Assignment on Assessment of Companies_1

Table of ContentsINTRODUCTION...........................................................................................................................1Different tools available to analyse company........................................................................1Tools that are used..................................................................................................................1Advantages and disadvantages of business tools ..................................................................3Best combination of tools for a company...............................................................................4CONCLUSION................................................................................................................................4REFERENCES................................................................................................................................5
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INTRODUCTIONIn this assignment, various tools that are available for the assessment of companies.Furthermore, in this report there will be a description about all the tools which can help toanalyse any organisation’s current position and performance (Aldehayyat and et. al. 2011). Inaddition, it is helpful to determine what steps should be taken by educational organisations likeHamad Bin Khalifa Universities to further increase its value. Finally, the advantages anddrawbacks of these tools will be described in this assignment.TaskDifferent tools available to analyse companyThere are number of business assessment tools that can be used to analyse organisation’sperformance and provide idea to improve in the future. Some tools are as follows:SWOT analysis:However, there are numerous analytical tools that can help to understand anyorganisation’s environment. It is one of the most popular strategic model. Through this, smalland large enterprises can identify their strengths, weaknesses, opportunities and threats for itsfirm. Once a company has identified all the above, it becomes able to increase its strengths anddo the things to reduce weaknesses. This analysis can give a clarity to examine performance ofenterprises (Frost, 2003). It can also be used as a regular review process and should be done timeto time.Pestle analysis: This is a fundamental tool to plan business strategies. By using this,environment of an entity and its impact on performance can be analysed. Pestle stands forexternal factors which are affecting firm. These are political, economic, social, technical, legaland environmental. It is the process to find long term effects on business performance. Further,the analysis provides a new working direction to improve productivity.Porter’s five forces analysis: This is easy but one of the most powerful tool to understandcompetitiveness of business environment. Also, it is essential to know the potential profitabilityof any company. The five forces that may prove to be very useful are competitive rivalry,supplier power, buyer power, substitution threat and new entrant’s threat (Grundy, 2006).Tools that are usedHamad Bin Khalifa(HBKU) University was founded in 2010 and a member of Qatarfoundation for education, science and community development. It was founded to fulfil Qatar1
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