Discuss to what degree you believe these tools are actually useful for different sized businesses. Management homework help
As a business student you have likely spent some time learning about applications of PEST (and/or PESTEL), Porter’s 5 forces, and SWOT analysis over the years. ; These are useful tools for understanding the environment in which a given organization might find itself embedded. ; SWOT analysis is useful for understanding the organization itself on a more micro-level scale. ;
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Discuss to what degree you believe these tools are actually useful for different sized businesses. ; For instance, what should a mom and pop computer repair store consider doing in the area of strategic analysis? ; What about a medium sized retailer? ;
What about a family? ; Is there an optimal organizational size for applying these tools? ; Give some evidence to support your key points. ;