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 2 months ago

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