Competitive Strategy, Resources, and Competencies Assignment

Competitive Strategy, Resources, and Competencies - Assignment ExampleThese analyses include SWOT, Pestle, and Ansoff matrix among others. This paper explores and explains the meanings of some of these analyses, including SWOT, pestles, BCG, Porters v forces, core competencies, industry life cycle, and Ansoff matrix.Sometimes referred to as PEST, PESTLE analysis is a tool used by businesses analyze their marketing competitiveness. Generally, PESTLE helps firms to record and track the environment in which they operate or are intending to venture into. It is thus a vital tool for any business intending to launch a new product/projector markets. Each letter in the word PESTLE stands for certain factors that are vital to business operations and viability. While the P denotes Political, E stands for Economic, S for Social, T for Technological, L for Legal and E for Environmental factors (Porter, 1998). To keep track of the environment in which it operates, a business should consider all the factors that bushel its productivity and profitability and PESTLE comes in handy as a tool for analyzing the whole environment for business ideas or plans. In fact, in juvenile times, ethical concerns have been added to PESTLE analysis. In a PESTLE analysis, a business must recognize the political situation (government influences), the prevalent economic factors (inflation rate, amuse rates, foreign exchange rates,), the culture of a market (cultural trends, demographics, and population analytics), technologies (automation, research, and development), legislation (consumer laws, safety standards, labor laws), and the environmental concerns (climate, weather, geographical location) (Porter, 1998).SWOT analysis is perhaps the well-nigh common business analysis tool used in scanning intrinsic and external environments for business strategic planning. These factors are categorized as internal strengths (S) or weaknesses (W), and external, which are opportunities (O) and threat s (T).