For this course, each discussion will introduce you to a business-related decision making tool to add to your “leadership toolbox”. These tools will assist you with your future assignments throughout your program. I strongly encourage you to take advantage of our outstanding Trident online library when conducting your research and preparing your response.
Please conduct some research and describe the PEST Analysis in your own words. Next, identify how you can use the PEST Analysis in your profession. List the pros/cons of using a PEST Analysis in a business setting. Lastly, explain how this new “tool” compares to the tools you learned in previous discussions. When preparing for this discussion, you may find the following article helpful which can be located in our Trident online library:
Carruthers, H. (2009). Using PEST analysis to improve business performance. In Practice, 31(1), 37.
You have to use this system with the US Army- HR. I will attach my last answer for you to use as info.
In each discussion forum, students are expected to respond to the prompt by providing an informed, rigorous, and professional post. The initial post should be at least 150 or more words. In addition, students are required to respond at least 2 times to their classmates’ posts in a similarly informed, rigorous, and professional manner. Peer replies should be at least 100 or more words in order to qualify as substantive. Refer to the discussion rubric for more details.
A SWOT analysis is a framework that is used to analyze a company’s competitive positioning in its business environment. Strengths (S) and Weaknesses (W) Opportunities (O) and Threats (T). The main objective of the SWOT analysis is to help in identifying the strategies that can be used by the company to build on its strengths, eliminate its weaknesses while making the most of opportunities and countering threats.
We used the SWOT systems in the U S Army, it involved the SWOT matrix of a 2×2 matrix that has the internal strategic factors listed in the first row; Strengths and Weaknesses. It has the external strategic factors listed in the second row; Opportunities and Threats.
This SWOT key structure permits organization chiefs to effortlessly see the entirety use of the organization’s qualities, shortcomings, openings and dangers in a single grid. The interactive process has to be undertaken by all the departments of the Army such as finance, marketing, operations, human resource, logistics, strategic planning, management information systems etc.
As a HR tech I use two of theses areas of the matrix everyday at work. One of strengths of this is the extensive training of employees that has resulted in it employing a large number of skilled and motivated employees. But on the flip side of that, a weakness is that there is a higher turnover rate compared to most companies.
The matrix is not an end as it does not show how to achieve the objectives. It should be used as a starting point to make strategic decisions.
Bartol. K, & Martin, D. (1998). Management, 3rd edition. Boston: Irwin McGraw-Hill.
Pickton, D. W., & Wright, S. (1998). What’s swot in the strategic analysis? Strategic Change, 7(2), 101-109.
Nixon, J., & Helms, M. M. (2010). Exploring SWOT analysis – where are we now?: A review of academic research from the last decade. Journal of Strategy and Management, 3(3), 215-251.
Annette
Bus101-Module-3-SPL
Discussion: The PEST Analysis
Discuss effective problem solving tools.
For this course, each discussion will introduce you to a business-related decision making tool to add to your “leadership toolbox”. These tools will assist you with your future assignments throughout your program. I strongly encourage you to take advantage of our outstanding Trident online library when conducting your research and preparing your response.
Please conduct some research and describe the PEST Analysis in your own words. Next, identify how you can use the PEST Analysis in your profession. List the pros/cons of using a PEST Analysis in a business setting. Lastly, explain how this new “tool” compares to the tools you learned in previous discussions. When preparing for this discussion, you may find the following article helpful which can be located in our Trident online library:
Carruthers, H. (2009). Using PEST analysis to improve business performance. In Practice, 31(1), 37.
In each discussion forum, students are expected to respond to the prompt by providing an informed, rigorous, and professional post. The initial post should be at least 150 or more words. In addition, students are required to respond at least 2 times to their classmates’ posts in a similarly informed, rigorous, and professional manner. Peer replies should be at least 100 or more words in order to qualify as substantive. Refer to the discussion rubric for more details.