QUESTIONS PESTEL/SLEPT/STEEPLE -Used To analyse -An exam question Political Economic external environment. may ask you for an Socio-cultural 'environmental Technological analysis' or an 'analysis Environmental of the macro Legal environment'.
When required to use
the PESTEL framework when answering questions, it is important to avoid commenting on the featured organisation's internal strengths and weaknesses. These are not relevant to a macro-environmental analysis, and so mentioning these issues would earn no marks. Porters Diamond Factor conditions Firm -Competitive students are expected strategy structure and advantage of nations. to apply the model to rivalry Demand -Attractiveness of a assess the conditions Related and foreign country. attractiveness of a supporting industries foreign country. Porters Five forces threat of new entrants; -Analyse -candidates to use an substitute products; the competitiveness of a appropriate model to bargaining power of firm in an industry. analyse the customers; the bargaining competitive power of suppliers; environment of a competitive rivalry. company. Marketing mix product, price, place and -Used to decide the -useful when promotion. For services, right marketing answering questions this is extended to include strategy. that require you to people, processes and advise on courses of physical evidence. action. -to recommend appropriate marketing strategies The value chain Analysis -Primary activities are The value chain - It is suitable for directly related to diagram is also worth answering questions production, sales, committing to memory that require analysis of marketing, delivery and since it is an excellent how an organisation service. basic description of works, but is also very -Support activities provide how an organisation useful for questions purchased inputs, human works. that require you to resources, technology and make suggestions for infrastructural functions dealing with business to support the primary problems. activities The product life cycle Inception,growth,maturity -product portfolio -where a question calls and decline. analysis for some kind of product portfolio analysis, you should initially think in terms of the product life cycle. The SWOT analysis strengths and weaknesses -combines the results An exam question may opportunities and threats of the environmental ask you for a full SWOT analysis and the analysis, or may focus internal appraisal into on either internal or one framework for external factors. I assessing the firm's current and future strategic fit TOWS matrix SO strategies employ strengths to seize opportunities ST strategies employ strengths to counter or avoid threats WO strategies address weaknesses so as to be able to exploit opportunities WT strategies are defensive, aiming to avoid threats and the impact of weaknesses Boston Consulting Market growth and assesses businesses in The use of the BCG Group (BCG)matrix market share. terms of potential cash matrixis highly generation and cash appropriate in expenditure assessing the requirements companysgroup's portfolio. The public sector service efficiency and the analysis of services portfolio matrix public attractiveness provided by public sector bodies. The Ashridge model assesses the benefit exam can ask SBUs can derive from a candidates to consider corporate parent a potential acquisition playing the parental by a corporate parent. developer role Porters generic Cost Cost leadership and -For effective strategic strategies leadership,differentiation differentiation are choice and focus. industry-wide strategies. Focus involves segmentation but also the pursuit, within the chosen segment only, of a strategy of cost leadership or differentiation. The balanced scorecard Financial perspective, emphasises the need it is used to translate Internal business process, for a broad range of mission and strategy Customer perspective, KPIs and builds a into objectives and Innovation and learning rational measures, and focuses perspective structure that reflects on four different longer term prospects perspectives, as well as immediate performance.