Professional Documents
Culture Documents
Business Environment
Business Environment
Business Environment
environment
has some control over
organisation competes in
used to examine the current and future state of
the industry an organisation belongs to
Has direct impact on the The Micro-Environment Strenghts
company’s strategy Weaknesses
Opportunities Step 1. Gathering information about factors
Employees
(Lifeblood of the business) Threats
the PESTLE process Step 2. Identifying which PESTLE factors
Customers Strategic planning tool
(Companies survive by meeting represent opportunities/threats
Elements
customer’s needs and wants.)
Suppliers SWOT Internal: strengths and weaknesses
(Good relationships with suppliers helps
combat rises in prices.)
External: opportunities and threats
Shareholders
(They own the company.) Specifying the objective of the business
venture/ project to identify the internal and
Media
external factors favourable/ unfavourable
(Can affect the business performance
through positive/negative attention.) to achieving that objective
Competitors
(Close observation allows
to differentiate.)
This mindmap is downloaded from
dineshbakshi.com