PESTEL Study guides, Class notes & Summaries

BCOR 2304 Final Exam Questions and Answers Already Passed strategy a set of goal-oriented actions a firm takes to gain and sustain better performance over competitors strategy managment combines analysis, formulation, and implementation in finding competitive advantage mastery= view organization as a whole competitive parity two or more firms perform at the same level strategic positioning position in industry that allows firms to provide value to customers, while controlling costs mission r...

QHT1 Apply the PESTEL framework for Ford Motors.  Identify 1-3 factors for each of the fo QHT1 Apply the PESTEL framework for Ford Motors.  Identify 1-3 factors for each of the following:  ï‚·Political Factors ï‚·Economic Factors ï‚·Sociocultural Factors ï‚·Technological Factors ï‚·Environmental Factors ï‚·Legal Factors. Sure, I'd be happy to help you apply the PESTEL framework to Ford Motors. The PESTEL framework is a tool that helps to identify the externa...

Marketing - ANSWER Creation and satisfaction of demand for a product or service. Digital Marketing - ANSWER Utilizing the internet and other digital channels to drive demand for products and services Strategy - ANSWER Set of ideas that outline how a product or brand will meet its objectives Tactic - ANSWER A specific action or method that contributes to achieving a goal. Components of GOST strategy - ANSWER Goals Objectives Strategies Tactics What are the Five Cs? - ANSWER Cust...

Introduction 2 Task 1 : Examine how your chosen company is governed and structured 2 Business History 2 Organisational Structure 3 Task 2 : Evaluate the importance of carrying out PESTEL Analysis for an organisation 4 Political Aspects 4 Economic Aspects 4 Social Aspects 5 Legal Aspects 5 Environmental Aspects 5 Task 3 : Use the PESTEL Framework to analyse the external environment of your organisation 6 Political 6 Economic 6 Social 6 Technological 7 Legal 7 Environmental 8 Con...

Benchmarking The process of measuring the performance of an organization against external standards of reference that frequently come from similar organizations doing similar things. Corporate Governance The system of rules, practices and processes by which a company is directed and controlled. Enterprise Risk Management A strategic discipline that supports the achievement of an organization's objectives by addressing the full spectrum of its risk and managing the combined impa...

Benchmarking CORRECT ANSWER, The process of measuring the performance of an organization against external standards of reference that frequently come from similar organizations doing similar things. Corporate Governance CORRECT ANSWER The system of rules, practices and processes by which a company is directed and controlled. Enterprise Risk Management CORRECT ANSWER A strategic discipline that supports the achievement of an organization's objectives by addressing the full spectrum of its ...

PESTEL model A framework that categorizes and analyzes an important set of external factors (political, economic, sociocultural, technological, ecological, and legal) that might impinge upon a firm. These factors can create both opportunities and threats for the firm. political factors process and actions of government bodies that can influence the decisions and behavior of firms economic factors largely macroeconomics, affecting economy-wide phenomena sociocultural facto...

What structure for Ethical considerations? correct answer: Tucker's 5 Questions What structure for deciding strategy on public sector projects correct answer: Public Sector Portfolio Matrix ACCA - 5 Skills? correct answer: Commercial Acumen -Judgement - Awareness Analysis -Investigate -Enquire -Consider Communication -Inform -Persuade -Clarify Evaluation -Assess -Estimate -Appraise Scepticim -Probe -Question -Challange What model for environmental? correct ...

strategy - a set of goal-oriented actions a firm takes to gain and sustain better performance over competitors strategy managment - combines analysis, formulation, and implementation in finding competitive advantage mastery= view organization as a whole competitive parity - two or more firms perform at the same level strategic positioning - position in industry that allows firms to provide value to customers, while controlling costs mission - reason for existence, what an organization do...