Managers must be able to diagnose both a company's external and internal environment to succeed in...

Managers must be able to diagnose both a company's external and internal environment to succeed in developing a successful strategy. Identify and discuss a concept or tool that can be used for assessing a company's external environment.

Expert Solution

ANSWER :

* A PESTEL examination is a structure or apparatus utilized by advertisers to dissect and screen the large scale natural (outside promoting condition) factors that affect an association. The consequence of which is utilized to recognize dangers and shortcomings which are utilized in a SWOT investigation.

i* This tool helps to identify all of the various external factors that might affect a business. The goal isto figure out just how the different factors influence business performance

* This structure assessments the situation which wins in a country on all of the segments referenced. These parts of this framework are those components from the outside condition which legitimately influence the association's action and these factors are not responsible for the association and its troughs. However, the perception of these factors can help the executives with creating and alter their frameworks as indicated by the outside condition they face.

keosha answered 4 weeks ago

Is a SWOT analysis the best way to assess a company's internal and external environment? Are...

Is a SWOT analysis the best way to assess a company's internal and external environment? Are there other models you might suggest to supplement/replace the SWOT analysis? (min 200 words per question)

Identify and discuss the possible challenges in the environment (both internal and external )that may affect...

Identify and discuss the possible challenges in the environment (both internal and external )that may affect the organisation`s competiveness in the market The points should be at least 4 in internal and 4 in external

High-End Furniture Industry Analyses of internal environment and external environment )Internal risks External risks How risks...

High-End Furniture Industry Analyses of internal environment and external environment )Internal risks External risks How risks will be avoided Actions when risks occur

"Internal Environment". Analyze the internal Environment of a company you researched to determine that company's Strengths...

"Internal Environment". Analyze the internal Environment of a company you researched to determine that company's Strengths and Weaknesses. Based on the Strengths and Weaknesses you discvered., determine what steps the company could take to positively impact the company's Competitiveness. Explain your rationale.

Create a SWOTT analysis for Sony company. Discuss both internal and external forces. Discuss the company's...

Create a SWOTT analysis for Sony company. Discuss both internal and external forces. Discuss the company's supply chain. List some good opportunities that the company could pursue (based on knowing their strengths and weaknesses).

Several factors, both internal and external, impact a company's stock price and the subsequent perceived valuation...

Several factors, both internal and external, impact a company's stock price and the subsequent perceived valuation of a company. Sometimes that perceived value matches that of the financial statements, and other times it is vastly different. Therefore, discuss the factors that lead to a valuation of a company's worth compared to that of the financial statements and how company executives create the most value for all stakeholders. note: about 300 words will be enough

Please Provide an External and Internal Environment table for the Deere & Company

The integumentary system is an essential organ system, separating the external environment from the internal environment...

The integumentary system is an essential organ system, separating the external environment from the internal environment of the human body. As such, this system protects the body from the invasion of harmful substances, helping to maintain homeostasis. There are many medical procedures that affect the integumentary system, including hair transplants, lipoplasty, rhytidectomy, chemical peels, and collagen injections. Pick an integumentary procedure, from the list above or from another procedure of your choice, and describe it. Describe the reasons an individual...

External environment of Starbucks and two objective that must be measureable

Foreign Venue and External Environment Elements A company needs to assess several internal and external environmental...

Foreign Venue and External Environment Elements A company needs to assess several internal and external environmental elements before it can decide whether to expand into foreign markets. What is the most important external environmental element a company must consider when planning to enter a foreign venue?

Question