Please enable JavaScript.

Coggle requires JavaScript to display documents.

Strategic Planning - Coggle Diagram

- - - - Political and Legal
      - Economic
      - Socio-cultual
      - Technological
      - Analyse these the PEST impacts on business
      - Analyses the external forces in the macro environment (gov., infrastructure, roads, etc.)
      - Management need to be aware of any changes taking place and adapt their business to those changes.
    - - Looks at the current market and how active and strong that market is
      - It's good to gai an understanding of the business and where it fits with the current environment and also identify where the opportunities are in terms of any required change for a business
      - Rivalry among existing firms
      - Level of customer bargaining power
      - Level of producer bargaining power
      - Threat posed by new entrants to the industry
      - The threat of substitute products or services
    - - Strengths
      - Weaknesses
      - Opportunities
      - Threats
      - Analyse these strengths and weaknesses (internals)
      - Analyse the opportunities and threats (external)
      - Look at ways to improve