Primary Response: Within the Discussion Board area, write 300-500 words that respond to the following questions with your thoughts, ideas, and comments.

Primary Response: Within the Discussion Board area, write 300-500 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.

For this Discussion Board, please complete the following:

An external analysis of a company is another indicator for making strategic decisions. External factors are the general environment of an industry that strategic leaders most likely will not be able to influence. There are six external factors for a PESTEL analysis that influence all firms in a given industry.

The PESTEL model groups these segments as: political, economic, sociocultural, technological, ecological and legal.

Review the following article:

• Scanning the Environment: PESTEL Analysis

Explore the six PESTEL external factors: political, economic, sociocultural, technological, ecological, and legal.

Choose one industry (automotive, hospitality, manufacturing, high tech, etc.) and discuss the following with your peers:

• Examine one of the six PESTEL factors in relation to your chosen industry. In your opinion, why do you believe this PESTEL factor is the most important to your chosen industrv?

Home

Degree

Connect

Financial.     .Describe one advantage and disadvantage of the PESTEL analysis for strategic planning.

  • If you were a manager in a global organization, how would you use the technological factor of innovation to gain a competitive advantage?

Share This Post

Email
WhatsApp
Facebook
Twitter
LinkedIn
Pinterest
Reddit

Order a Similar Paper and get 15% Discount on your First Order

Related Questions

Develop a 7-page marketing plan based on research promotion, pricing, distribution, advertising, and product mix. Collapse AllIntroduction Completion of

Develop a 7-page marketing plan based on research promotion, pricing, distribution, advertising, and product mix. Collapse AllIntroduction Completion of this portfolio work project will help you understand the key components of a marketing plan. Scenario The Vice President of Marketing at MSH Brands (or at your employer or future employer company) has

DEVELOPING A RESEARCH FRAMEWORK ASSIGNMENT INSTRUCTIONSOVERVIEWThe problem frame is the cornerstone or foundation upon which credible and robustresearch

DEVELOPING A RESEARCH FRAMEWORK ASSIGNMENT INSTRUCTIONSOVERVIEWThe problem frame is the cornerstone or foundation upon which credible and robustresearch is built. It provides the significance and justification for designing andconducting a research effort to expand knowledge or even replicate or challenge findingsin the existing body of scholarly peer reviewed research.Unless a

Create an 8–12-slide PowerPoint presentation that summarizes the AFI Framework and the results of the internal and external analyses. Your presentation

Create an 8–12-slide PowerPoint presentation that summarizes the AFI Framework and the results of the internal and external analyses. Your presentation must also include a SWOT matrix for the company and your recommendations for strategies to move the company forward that align with organizational structure and governance, and reflect ethical

Prepare a 7–10-page business analysis that explains the generic business strategies for an organization, analyzes the business strategy used and the

Prepare a 7–10-page business analysis that explains the generic business strategies for an organization, analyzes the business strategy used and the company’s business model, analyzes the corporate strategy of the company and the overall corporate structure and management systems, and analyzes the strategic fit between the business and corporate strategies.