MeganCookWeek1AssignmentAnalysis Strategies

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Charter College, Anchorage *

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4920

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Management

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Feb 20, 2024

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docx

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Uploaded by ProfSnowMoose34

Porter's Five Forces 1. Competition in the industry 2. Pote suppliers 4. Power of customers 5. Th Used when businesses are trying to u market. Helps the business with long- PEST Analysis 1. Political 2. Economic 3. Social 4. Tec Analyzes the external enviroments of These factors can effect the overall pe external factos that can harm the bus STEER Analysis 1. Socio-political 2. Technological, 3. E Helps companies understand their int PESTLE Analysis 1. Political 2. Economic 3. Social 4. Tec This analysis is a more in depth look a Adds more variations to external facto Margin Ratio profitability ratio analysis tool measures the business's profit at vari gives more depth look on a businesse Megan Cook Week 1 Assignment 10/22/2023 Analysis Strategies

When first establishing your macro and microenvironments the best analysis strategy to use is the PESTLE Analysis. This is a more in-depth and detailed look at ALL the factors that come into play for your business and may have different affects on the different aspects of your company. Through the industry of childcare that I have chosen, the legal and environmental factors play a big role in this market. PESTLE analysis is able to provide six different perspectives of a business owner to look at. These six different perspectives are crucial to the viewpoints that help the decision-making process for business owners.

Resources Hayes, A. (2023). Profitability Ratios: What they are, common types, and how businesses use them. Investopedia . https://www.investopedia.com/terms/p/profitabilityratios.asp#The %20Bottom%20Line Jurevicius, O. (2022). PEST & PESTEL Analysis. Strategic Management Insight . https://strategicmanagementinsight.com/tools/pest-pestel-analysis/ STEER analysis. (n.d.). In TheFreeDictionary.com . https://financial- dictionary.thefreedictionary.com/STEER+Analysis#:~:text=STEER%20Analysis%20In %20risk%20assessment%2C%20a%20hermeneutic%20used,decides%20whether%20or %20not%20to%20make%20an%20investment. Team, I. (2023). Porter's 5 Forces Explained and How to Use the Model. Investopedia . https://www.investopedia.com/terms/p/porter.asp

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