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Posted: January 6th, 2023
Discuss to what degree you believe these tools are actually useful for different sized businesses. Management homework help
Question description
As a business student you have
likely spent some time learning about applications of PEST (and/or
PESTEL), Porter’s 5 forces, and SWOT analysis over the years. These are
useful tools for understanding the environment in which a given
organization might find itself embedded. SWOT analysis is useful for
understanding the organization itself on a more micro-level scale.
Discuss to what degree you believe these tools are actually useful
for different sized businesses. For instance, what should a mom and pop
computer repair store consider doing in the area of strategic
analysis? What about a medium sized retailer?
What about a family? Is there an optimal organizational size for
applying these tools? Give some evidence to support your key points.
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