Pestel model - Study guides, Class notes & Summaries
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LATEST MNG3701 - STRATEGIC PLANNING : STRATEGIC ANALYSIS: ANALYZING THE EXTERNAL ENVIRONMENTS. UPDATED
- Exam (elaborations) • 9 pages • 2024
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LATEST MNG3701 - STRATEGIC 
PLANNING : STRATEGIC ANALYSIS: 
ANALYZING THE EXTERNAL 
ENVIRONMENTS. UPDATED 
Importance of Analyzing the External Environment 
-Managers can mitigate threats. 
-Managers can leverage opportunities. 
-Gain understanding of potential impacts. 
-Understand the source / proximity of factors. 
The PESTEL Model 
-Groups environmental factors into six segments: 
--Political 
--Economic 
--Sociocultural 
--Technological 
--Ecological 
--Legal 
These factors can create: 
--O...
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MIS 2020: Practice Exam for year 2023/2024 (A+ Guaranteed)
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With the increasing presence of Internet e-commerce sites, the force of customers has correct answers leveled off. 
 
To evaluate an organization's internal opportunities and threats, management can conduct a PESTEL (political, economic, sociocultural, technological, environmental, and legal) analysis. correct answers False 
 
A branch manager for a national car rental company is in the process of conducting a SWOT analysis for her location. Which of the 5 Ps can she examine using the company'...
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WPC 480 Exam 1 (CH. 1, 3-7.5) Questions With Complete Solutions
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AFI strategy framework correct answer: A model that links three interdependent strategic management tasks—analyze, formulate, and implement—that, together, help managers plan and implement a strategy that can improve performance and result in competitive advantage. 
 
PESTEL model correct answer: A framework that categorizes and analyzes an important set of external factors (political, economic, sociocultural, technological, ecological, and legal) that might impinge upon a firm. These fact...
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MGMT 489 Chap 3 Exam Questions With 100% Correct Answers 2024/2025
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MGMT 489 Chap 3 Exam Questions 
With 100% Correct Answers 2024/2025 
Which of the following helped Airbnb develop a successful business in the peer-to-peer rental 
space? - answer-presenting a well-designed website 
-fortuitous timing that led to growing demand 
-developing a smooth transaction between hosts and guests 
When managers understand the forces in the external environment, they are better able to 
______. - answermitigate threats and leverage opportunities 
In the PESTEL model, politi...
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MGT 6311: Digital Marketing - Midterm Exam Guide 2024 Graded A
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Marketing - Creation and satisfaction of demand for a product or service. 
 
Digital Marketing - Utilizing the internet and other digital channels to drive demand for products and services 
 
Strategy - Set of ideas that outline how a product or brand will meet its objectives 
 
Tactic - A specific action or method that contributes to achieving a goal. 
 
Components of GOST strategy - Goals 
Objectives 
Strategies 
Tactics 
 
What are the Five Cs? - Customers 
Company 
Collaborators 
Competitors...
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MGMT 489 Chap 3 Exam Questions With 100% Correct Answers 2024/2025
- Exam (elaborations) • 6 pages • 2024
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MGMT 489 Chap 3 Exam Questions 
With 100% Correct Answers 2024/2025 
Which of the following helped Airbnb develop a successful business in the peer-to-peer rental 
space? - answer-presenting a well-designed website 
-fortuitous timing that led to growing demand 
-developing a smooth transaction between hosts and guests 
When managers understand the forces in the external environment, they are better able to 
______. - answermitigate threats and leverage opportunities 
In the PESTEL model, politi...
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MGT 8803 SUPPLY CHAIN EXAM QUESTIONS AND ANSWERS 100% PASS
- Exam (elaborations) • 25 pages • 2023
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MGT 8803 SUPPLY CHAIN EXAM QUESTIONS AND ANSWERS 100% PASS 
Strategy can be best described as the goal directed actions to gain and sustain ___? 
- high performance in advancing industry capabilities 
- superior performance in the markets in which the firm operates 
- long term financial profits and economic viability 
- operational improvements and product advancements 
- the earth's environment and the well-being of the communities in which the firm operates superior performance in the market...
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WPC Final Exam Practice Questions and Answers Latest Update 2023-2024 | 100% Verified
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WPC 480 Final Exam Questions and Answers Latest Update 2023-2024 | 100% Verified. What is competitive advantage? - Superior performance relative to other 
competitors in the same industry or the industry average. 
How do you assess competitive advantage? - Compare firm performance to a 
benchmark. 
What is sustainable competitive advantage? - Outperforming competitors or the 
industry average over a prolonged period of time. 
What is competitive disadvantage? - Underperformance relative to other...
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University of Alabama GBA 490 Costco Wholesale Case Analysis.
- Exam (elaborations) • 10 pages • 2022
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WPC 480 EXAM 1 WITH 100% CORRECT ANSWERS ALREADY GRADED A+.
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Strategy 
integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage. 
- set of goal-directed actions a firm takes to gain and sustain 
superior performance relative to competitors 
 
 
 
Vision 
A picture of what the firm wants to be and, in broad terms, what it wants to achieve 
- What do we want to accomplish? 
 
 
 
Mission 
Specifies the businesses in which the firm intends to compete and the customers it intends to serve...
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