Business Principles, Tools And Techniques Application

Question 1

Is a simple and practical framework for identifying strengths, weaknesses, opportunities , threats that company use for strategic planning and for determining the objectives of a company.

Answer 1

Swot analysis

Question 2

What factors affecting ex. If you are selling in a muslims community you should not sell pork, its like knowing your environment

Answer 2

Environmental analysis

Question 3

Internal and consumer perspective. Inside the business

Answer 3

Strength
Weakness

Question 4

External perspective. Outside of business

Answer 4

Opportunity
Threat

Question 5

Taking swot analysis further to provide actionable links between the diffident parts of your business and environment. Upgraded version of your swot
- SO
-WO
-ST
-WT

Answer 5

Tows matrix

Question 6

Reveal opportunities and threats better than swot
- much better if you want to go deep into your business
- pano magbunga and avoid failure

Answer 6

Pestel analysis

Question 7

PESTEL ANAYSIS SANDS FOR?

Answer 7

POLITICAL
ECONOMIC
SOCIAL
TECHNOLOGY
ENVIRONMENT
LEGAL

Question 8

How it shifts government policies, might change regulation

Answer 8

Political factors

Question 9

Income of customers, how it can change in upcoming years
- if the economy is stable or not
Inflation rate might go up or not

Answer 9

Ecobnomic factors