PESTEL.PEST or PESTEL analysisrepresents all the major external forces (political, economic, social, technological, environmental and legal) affecting the company so it’s the best place to look for existing or new opportunities and threats. Competition. Competitors react to your moves and external ...
The first step for any marketing strategist is to identify the problem and where you are lacking. Address the needs of your target audience and what they want. Use any other available data to determine the current market situation. For example, you can carry out a SWOT analysis, PESTEL analy...
Business analysis is a research discipline that helps driving change within an organization by identifying the key elements and processes that drive value.Business analysis can also be used in Identifying new business opportunities or how to take advantage of existing business opportunities to grow your...
A Blindspot Analysis is a means of unearthing incorrect or outdated assumptions that can harm decision making in an organization. The term “blindspotanalysis” was first coined by American economist Michael Porter. Porter argued that in business, outdated ideas or strategies had the potential to sti...
Briefly describe the process of SWOT analysis. Why is it important to conduct a SWOT analysis? What are the weaknesses of a SWOT analysis? Why is that so? What is a SLOT (SWOT) analysis? How do you do one? Give an example of business SWOT Analysis w...
How can small businesses improve their strategic planning to increase productivity? Small businesses can improve their strategic planning by setting clear goals and objectives, conducting regular business reviews, and using strategic planning tools like SWOT analysis or PESTEL analysis. Additionally, involvin...
(statements that define what a student should know or be able to perform by the end of an educational intervention). Teaching resources based on clinical case scenarios (vignettes) and problem-based learning would be used to ensure that the learning outcomes were achieved. The learning outcomes ...