How to do a SWOT analysis

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What is SWOT analysis? A SWOT analysis is a very useful technique to analyse and understand both internal and external factors affecting a business. According to Johnson, Scholes, and Whittington (2006, p.102) ‘a SWOT analysis summarises the key issues from the business environment and the strategic capability of an organisation that are most likely to impact on strategy development’. SWOT stands for strengths, weaknesses, opportunities, and threats. Strengths and weaknesses are internal factors. Opportunities and threats are external factors (Needham et al, 1995). This article is on how to do […]

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PEST analysis

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A PEST analysis is a very useful framework which helps organisations identify and understand external factors. These factors (also called macro-environmental factors) impact on organisations significantly; therefore, understanding them is very important for strategic managers. A PEST analysis helps managers explore potential risks specific to their industry and organisation, and in fact, they can the tool in a number of situations. History of PEST analysis PEST model has been developed over the years and has a number of variations e.g. STEP, PESTEL, STEEPLE etc. However, Francis Aguilar (a Harvard professor) […]

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Understanding Ansoff matrix – an example of Coca-Cola

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Understanding Ansoff matrix – an example of Coca-Cola What is Ansoff growth matrix? Organisations need to decide the best course of action when it comes to growth strategies. Although a number of options are available, not all strategies are suitable for every organisation. Factors such as market demand, capabilities of organisations and their willingness to take or avoid risks impact on the choice of strategies. The growth matrix developed by Ansoff, guides organisations in their pursuit of strategies. Harry Igor Ansoff, a Russian American mathematician, developed the Matrix in 1957. The […]

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Business functions

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What is a business function? While a business (also known as enterprise or firm) is an organization engaged in the trade of goods, services, or both to consumers (Sheffrin, 2003), a business function is a description of work which is carried out routinely in order to achieve the aims and objectives of a business unit. There are a number of business functions an organisation carries out e.g. Human Resource Management, Marketing, IT, Research and Development, Operations, Finance and Accounting etc. This article focuses on some of the typical business functions […]

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PESTEL analysis of ASDA

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PESTEL analysis of Asda This is a detailed PESTEL analysis of Asda. PESTEL analysis is a very important framework for strategic planning. It is used by strategic planners to analyse the macro-environmental factors that affect a business. PESTEL stands for Political, Economic, Social, Technological, Environment, and Legal. The article ‘PESTEL analysis and its application’ provides more information on how to apply PESTEL analysis in a given context. Political factors that impact on Asda National, and international regulations and directives concerning employment, legislation, consumer rights, taxes etc. impact on Asda like […]

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Ansoff growth matrix

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What is Ansoff growth matrix? Ansoff growth matrix is an important planning tool that helps organisations determine their growth strategies. There are a number of growth strategies an organisation may pursue and Ansoff has outlined four of them i.e. market penetration, market development, product development and diversification. Who is Ansoff? Harry Igor Ansoff was born in 1918 and passed away in 2002. He was a Russian American mathematician. He is one of the greatest thinkers in strategic management. Many would argue that he is the father of strategic management. Ansoff […]

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SWOT analysis of SUBWAY

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SWOT analysis of Subway This is a detailed SWOT analysis of Subway. SWOT analysis is one of the tools which many strategic planners find extremely useful to analyse business environment. SWOT stands for strengths, weaknesses, opportunities, and threats. Strengths and weaknesses are the internal factors, whereas opportunities and threats are the external factors. Subway is an American fast-food restaurant. It has adopted franchising as its growth model. It sells submarine sandwiches (subs), salads, tea, coffee, cookies, crisps, and a variety of soft drinks. Strengths of Subway Subway is the largest […]

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SWOT analysis of ASDA (How to apply SWOT analysis)

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SWOT analysis of ASDA (How to apply SWOT analysis) This is a detailed SWOT analysis of ASDA. It aims to examine the strengths and the weaknesses of ASDA. It also examines the opportunities the company should explore and the threats it should keep a close eye on. ASDA is a British supermarket, headquartered in Leeds, England. Its new owners are the billionaire Issa brothers (Mohsin and Zuber Issa). Strengths of ASDA ASDA is the third largest retailer in the UK. It has 14.4% market share (Kantar, 2021) and has over […]

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What is mission? Mission statement

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There is no doubt that each business organisation has a mission to achieve regardless of whether the mission is written or not. Most companies develop their mission statements which actually guide their aims and objectives. This article will focus on mission and some relevant issues. What is mission? The mission of an organisation is the explicit expression of its central and common purpose, its reason for existing (Plunkett & Attner, 1994). It in fact talks about why an organisation exists. Definition of a mission statement When organisations ‘formalize their ideas […]

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Stakeholder mapping – stakeholder analysis

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It goes without saying that it is important for organisations to understand the expectations of their stakeholders. According to Johnson, Scholes, and Whittington (2006), stakeholders refer to individuals or groups who depend on an organisation to fulfill their own goals and on whom, in turn, the organisation depends. Types of stakeholders Stakeholders can be divided into different groups. According to BPP Learning Media (2010), there are three broad types of stakeholders in an organisation as follows: Internal stakeholders Connected stakeholders External stakeholders Examples of internal stakeholders are employees and management. […]

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