Question: PESTEL analysis differs from the five forces analysis in that PESTEL analysis is used for: evaluating the profit potential of a business unit or a

PESTEL analysis differs from the five forces analysis in that PESTEL analysis is used for:
evaluating the profit potential of a business unit or a product line
evaluating the profit potential of an industry
organizing factors within the general environment and identifying how these factors influence industries and the firms within them
analyzing a firm's strengths and weaknesses along with the opportunities and threats that exist
evaluating strategic groups in order to understand gaps in the industry that represent untapped opportunities.
PESTEL analysis differs from the five forces analysis in that PESTEL

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

PESTEL analysis differs from the five forces analysis in that PESTEL analysis is used for: evaluating strategic groups in order to understand gaps in the industry that represent untapped...

Q:

Suppliers are more likely to be powerful relative to the firms to which they sell their goods and services if: differentiation among existing suppliers is high. the suppliers' industry is highly...

Q:

Question 1 2 pts Which of the following constitutes an advantage of the differentiation strategy? It creates an ability to obtain premium prices from customers. Companies following this strategy do...

Q:

Question 5 2 pts What is SWOT analysis? A brainstorming technique for generating creative ideas. A rigorous method for selecting strategies. An approach for identifying a company's closest...

Q:

As if dealing with economic cycles, fuel price volatility, organized labor, changing customer demographics, and increased competition was not enough... Delta CEO Ed Bastian assumed the role of Deltas...

Q:

ISFM-300 Case Study, Stage 2: Business Process Analysis and Functional Requirements Before you begin this assignment, be sure you: 1. Have completed all previously assigned readings, particularly...

Q:

Capstone 1 Environmental and Industry Analysis Capstone Anitra Green Grand Canyon University- MGT 660 October 7, 2015 Capstone 2 Environmental and Industry Analysis Porter's Model of Five Forces is a...

Q:

Read the case and answer the following questions: 1) Identify the time of the case. Analyze the current situation. 2) What is the key question/problem in the case that you are solving? 3) Conduct an...

Q:

Read the case and answer the following questions: 1) Identify the time of the case. Analyze the current situation. 2) What is the key question/problem in the case that you are solving? 3) Conduct an...

Q:

True or False Question: Competitive positioning is more dynamic when competitive advantages are long-term than when the competitive advantage is short-term. The nature of industry competition is...

Q:

A wire carries a current of 10 A in the in a uniform magnetic field of 0.40 T. Find the magnitude of the force per unit length and the direction of the force on the wire if the magnetic field is (a)...

Q:

A class of shares may include a combination of various rights and privileges. Name three examples of typical rights that may attach to a class of shares.

Q:

Please explain the solution to this general accounting problem with accurate principles. Assume the following information is available for a company: In 2020, activity level was 120,000 units, and...

Q:

Please with clear explanation 10. Case study: Kings Fruit Farm In the 1920s Edward Filbert became the tenant of Kings Farm in Cambridgeshire. In 1978 his grandson James Filbert became the latest...