situational analysis |
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Task 1
We have already studied PESTLE analysis earlier in this unit. It is a framework for evaluating external factors and their impact on the business. This can then be used to help form business strategy. Please undertake some online research to find some examples of PESTLE analysis that have been undertaken on well know businesses. Share any useful examples with the rest of the class. |
Task 2
SWOT analysis is often used in conjunction with PESTLE analysis, by way of comparison. It considers the both the internal strengths and weaknesses and the external opportunities and threats. Conduct a quick SWOT analysis on a business that you are familiar with, such as one of the businesses you researched in this unit. |
Information
Porters five forces is used to evaluate the position of a business in terms of its competition, using the five elements outlined in the table below.
Porters five forces is used to evaluate the position of a business in terms of its competition, using the five elements outlined in the table below.
Task 3
Spend some time researching examples of Porters five forces and 5Cs analysis for well known businesses. Please remember to share good examples with the rest of the class.
Stretch & challenge: Conduct either Porters 5 forces or 5C analysis on a business that you are familiar with.
Spend some time researching examples of Porters five forces and 5Cs analysis for well known businesses. Please remember to share good examples with the rest of the class.
Stretch & challenge: Conduct either Porters 5 forces or 5C analysis on a business that you are familiar with.