Firm has large number of customers who enjoy effectiveness of its products as well as services. Internal Strengths and Weaknesses in SWOT of the ... Analysing Business And The Business Environment P6 Explain how strengths and weaknesses interrelate with ex- ternal macro factors. BUSINESS & BUSINESS ENVIRONMENT | ukdegreeonline Although very competitive and it requires a huge investment to start. and weaknesses. M4 Apply appropriately SWOT/TOWS analysis and justify how they influence decision-making. After carefully studying the swot analysis of the food and beverage industry, we conclude that the food and beverage industry is a very profitable business. Strengths. macro environment within . It is vital for company to enhance their business activities to understand their opportunities which is relate with macro factors. SWOT analysis is one very effective tool for the analysis of environmental data and information - for both, internal (strengths, weakness) and external (opportunities, threats) factors. Identify the positive and negative impacts the macro environment has upon business operations, supported by specific examples. Explain how strengths and weaknesses interrelate with external macro factors Micro as well macro factors of environment are connected with strength as well weakness of organization. A SWOT analysis can be broken down into two distinct parts: the strengths and weaknesses, based on internal environmental factors, and the opportunities and threats, based on external . for Apple, it is require to analyse their strength and weaknesses that are . For each of the five Micro Environmental factors, analyze where your business stands in terms of your strengths, weaknesses, available opportunities and threats. These factors may either be internal to a company or external. The "analysis of strengths, weaknesses, opportunities, and threats" - SWOT for short - is an instrument of strategic management.Companies rely on SWOT to determine their own position among the competition and develop a business strategy.This is referred to as positional analysis. P6 Explain how strengths and weaknesses interrelate with external factors Apple is a well knownd organisation that provides hardware and software devices to customers. The Internal Analysis of strengths and weaknesses focuses on internal factors that give an organization certain advantages and disadvantages in meeting the needs of its target market. For example, For example, When the European Union passed legislation forcing all suppliers of electrical goods to comply with new waste disposal legislation by January 2007, this created a short-term opportunity for . interrelation of strengths and weaknesses with external macro factors (M4) Using a TOWS matrix model, focus has been laid on the interrelationship between factors for Virgin Money. As there are some strength and weakness of company with is relate with macro factors: Political: Swot analysis is a simple and widely used analysis tool to assess business environment. Task 2 : P6: Explain how strengths and weaknesses interrelate with external macro factors. SWOT Analysis Strengths Weaknesses Opportunities Threats. More > List the resources relevant to the current challenge (such as financial, services, and human resources), and assess the strengths and weaknesses (link to resources analysis section). Table of Contents 1. 6. PO 6 - Explain how strengths and weaknesses interrelate with external macro factors . LO4 Determine the internal strengths and weaknesses of specific businesses and explain their interrelationship with external macro factors P5 Conduct internal and external analysis of specific organisations in order to identify strengths and weaknesses. Puma is not able to assess macro factors of environment; tactical as well strategic plans are influenced if it failed to consider basic strength as well weaknesses. SWOT analysis. Strengths Weaknesses Opportunities Threats . order to identify strengthsand weaknesses. Now it can fine-tune the employee wage and avoid all the issues related to the legal environment. P6 Explain how strengths and weaknesses interrelate with external macro factors. P6 Explain how strengths and weaknesses interrelate with ex- ternal macro factors. A SWOT analysis is designed to facilitate a realistic, fact-based, data-driven look at the strengths and weaknesses of an organization. interrelate with externalmacro factors. INTRODUCTION Business environment comprises of internal and external factor which directly affect the functioning of the business including supplier, customers, management etc. Answer : . Conduct internal and external analysis of specific organisations in order to identify strengths and weaknesses. external macro factors. Apply appropriately SWOT/TOWS analysis and justify how they influence decision-making. AssignmentBriefandGuidance: You are interning at a company from UK of your choice, as such your supervisor has asked you to put together a report examining the macro environment that the business operates in. The former two are internal and affect the very business, while the latter are external and not under the organization's control. A SWOT analysis identifies your strengths, weaknesses, opportunities and threats to assist you in making strategic plans and decisions. (P5) c) Explain how strengths and weaknesses interrelate with external macro factors. Identify the positive and negative impacts the macro environment has upon business operations, supported by specific examples. P6: Explain how strengths and weaknesses interrelate with external macro factors The main purpose of this assignment is to: The purpose of the assignment is to provide learners with background knowledge and understanding of business, the functions of an organisation and the wider business environments in which organisations operate. Some examples of an organization's weaknesses are underpaid employees, low morale, or poor direction from upper management. P6 Strength and Weakness Interrelate with External Macro factor. P6 Explain how strengths and weaknesses interrelate with external macro factors. P6 Explain how strengths and weaknesses interrelate with external macro factors. 5. Internal factors such as strength and weakness are internally related to external factors such as opportunity and threats and here strength related to opportunities and weakness related to threats and the relation may hamper the performance of the firm's activities. Although very competitive and it requires a huge investment to start. (M&S) has different operations around the world due to which there is a great chance of getting affected by various factors of external environment or macro- environment like Political, Economical, Social, Technological, etc. We also conducted the internal and external analysis to find out the strengths and weaknesses of the company. P6) Strengths and weaknesses interrelate with external macro factors. Strengths and weaknesses linked to external macro-factors Tesco under the external environmental factors experiences several changes. Page 9 of 12. Threats: (P4) Conduct internal and external analysis of H&M in order to identify strengths and weaknesses. P6 Explaining how strengths and weaknesses interrelate with external macro factors. Identify the positive and negative impacts the macro environment has upon business operations, supported by specific examples from the case study. Explain how strengths and weaknesses interrelate with external macro factors. D2: Critically evaluate the impacts that both macro . P6 Explain how strengths. P5 Conduct internal and external analysis of specific organizations in order to identify strengths and weaknesses. (P5) Explain how strengths and weaknesses interrelate with external macro factors. P5 Conduct internal and external analysis of specific organisations in order to identify strengths and weaknesses. external analysis ofspecific organisations in. P5 Conduct internal and external analysis of specific organisations in order to identify strengths and weaknesses. P5 Conduct internal and external analysis of specific organisations in order to identify strengths and weaknesses. Part 2: The impact of the macro environment and external macro factors on business operations and the interrelationship with the internal strengths and weaknesses PART 1 (Covering LO1 and LO2): The team leader for this publication has tasked you to research the different types and sizes of business in their jurisdiction. Such factors can be national level, regional level, and international level environmental forces. D2 Critically evaluate the impacts . M4 Apply appropriately SWOT/TOWS analysis and justify how they influence decision-making. P6.1.1.Solution Expand business networks, efficiency and sustainable development. Basic strengths involve the stakeholders' contexts responsibilities and roles. In general, five forces are taken as the general environmental factors namely economic, socio-cultural, political-legal, technological, and international. The company cannot control the aspects of external factors, but can respond to such changes, in bring out proper management and business operation (Pawliczek and Rössler, 2016). To keep the profit stable, it can concentrate on its product channels. The company has high brand equity in fashion world. The stores are spread all over UK, Ireland and Denmark as well as 40 nations (Do and Smallbone, 2017). Organization need to examine the business environment in order to design tactics for . P6 Explain how strengths and weaknesses interrelate with external macro factors. The popular SWOT analysis is an overall evaluation of the company's strengths (S), weaknesses (W), as opposed to opportunities (O) and threats (T). Using two of your chosen organisations in the first event, you are to conduct an internal and external analysis of the organisations in order to identify strengths and weaknesses and explain how the strengths and weaknesses identified interrelate with external macro factors. With SWOT analysis, external, market-related opportunities and risks are compared with the company's . P6 Strengths and weakness which interrelate with the external factors This report will cover the strengths and weakness of entity are interrelated to firm's macro factors. M4 Apply appropriately SWOT/TOWS analysis and justify how they influence decisionmaking. 5. (P5) Explain how strengths and weaknesses interrelate with external macro factors. Select which competitors to attack or avoid. Key external macro factors including the competitive environment and government intervention that influence organisations and business. identify its strengths and weaknesses. Explain how strengths and weaknesses interrelate with external macro factors. Strengths and weaknesses are internal and arise from a micro analysis. PESTLE model to support a detailed analysis of the macro environment within an organisation. . Furthermore, these factors may either be favourable/helpful or unfavourable/harmful to a company. On the contrary, opportunities and threats are in the environment and therefore external. M4 Apply appropriately SWOT/TOWS analysis and justify how they influence decision-making. LO4 Determine the internal strengths and weaknesses of specific businesses and explain their interrelationship with external macro factors. The extent to which your organization could adapt to changing circumstances is also a factor that needs to be considered. p6 explain how strengths and weaknesses interrelate with external macro factors. Calicchio (2020) stated that a business faces several strengths and weaknesses during leading the strategic operation profit-making and revenues. of specific organisations in order to identify strengths and weaknesses. We will discuss the macro environmental factors affecting your business next. Identify the positive and negative impacts the macro environment has upon business operations, supported by specific examples from the case study. 5. (P6) P6: Explain how strengths and weaknesses interrelate with external macro factors. Transcribed image text: P5 Conduct internal and external analysis of specific organizations in order to identify strengths and weaknesses. P6 Explain how strengths and weaknesses interrelate with external macro factors. Assess competitors' objectives, strategies, strengths & weaknesses, and reaction patterns. Introduction: The strengths and weakness of business organisation are combined together with macro and micro environment factors the management look at the strengths of the company as an overcoming macro environment factors as and then formed strategic both the operational . Strengths and Weaknesses interrelation with external macro factors. In addition to your internal situation and processes, there are external factors you need to analyse during your SWOT analysis. Attachment:- Business Environment of a Multinational Organisation . LO4 Determine the internal strengths and weaknesses of specific businesses and explain their interrelationship with external macro factors. SWOT Analysis is a simple tool that can help you to analyze what your company does best right now, and to devise a successful strategy for the future. SWOT analysis. (P6) Task guidance: Conclusion. 2.2 Explain how Strengths and weaknesses interrelate with external macro factors of the business environment it operates: The social factors affected in Tesco Company by making good product for the different types of customer. Healthy financial culture through improving product quality, enhance the effectiveness of business operations, reducing the cost of inputs. Internal Factors - Strengths and Weaknesses The internal analysis of your organization should include its culture, expertise, resources, and unique qualities within the market place. P4 Strengths and weaknesses interrelate with external macro factors. 2.3 Explain how strengths and weaknesses interrelate with external macro factors. Identify the positive and negative impacts the macro environment has upon business operations, supported by specific examples from the case study. The internal strength of the organisation provides the nature of opportunities for the company to expand its . An analysis of strengths and weaknesses of internal factors can be undertaken at the same time as the external analysis. Use contemporary examples to demonstrate both the positive and negative influence/impact the macro environment has on business operations. External Factors - Opportunities & Threats . The SWOT Analysis framework facilitates an organization to identify the internal strategic factors such as -strengths and weaknesses, & external strategic factors such as - opportunities and threats. p5 conduct internal and external analysis of specific organisations in order to identify strengths and weaknesses. Such factors can be national level, regional level, and international level environmental forces. Every organization has to work in its surrounding which have some strength and some weakness and these are interrelated with external macro-environmental factor. P5 Conduct internal . 4. A realistic recognition of the weaknesses and threats that exist for your effort is the first step to countering them with a robust set of strategies that build upon strengths and opportunities. Conduct internal and external analysis of specific organisations in order to identify strengths and weaknesses. That's the next stage of your SWOT analysis. P6 Explain how strengths and weaknesses interrelate with external macro factors The TOWS analysis provides the information with the business organisation can overcome its weakness and threat in market using opportunities and strengths. (P6) To achieve merit. Strength and weaknesses of the business organisation are related with macro and micro environment factors. M3: To achieve M3 you are required to develop your response to P4 by applying appropriately the. It helps to minimize the effect of weaknesses in your business, while maximizing your strengths. Therefore, the . The SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats) is useful both for understanding the micro and the macro factors. After carefully studying the swot analysis of the food and beverage industry, we conclude that the food and beverage industry is a very profitable business. The great strength achieved by Aldi Ltd was acquired a large volume of sales. The opposite of an organization's strengths is its internal weaknesses. D2 (LO3 & 4) Critically evaluate the impacts that both macro and micro factors have upon business objectives and decision-making. All of the opportunities you identify in the SWOT analysis will be external to your organization and some may be time limited. PART 1 (Covering LO1 and LO2): The team leader for this publication has tasked you to research the different types and sizes of businesses in their jurisdiction. of specific businesses and explain their. Management compares strength of the company with prevailing macro environment factors like economic, political, technology, social and cultural and then formulate . SWOT analysis is a strategic planning tool that can be used by Universal Electronics Inc. managers to do a situational analysis of the firm . interrelationship with external macro factors P5 Conduct internal and external analysis of specific organisations in order to identify strengths and weaknesses. Under this, it has been evaluated that situations of any business firm has an impact on business of Marks & Spencer organisation (Commander and Svejnar, 2011). It helps to understand strengths, weaknesses, opportunities and threat of a business, product and projects. That's why they complement each other: One looks at how a business is affected by pre-defined factors and the other examines the business from the inside. Carry out SWOT analysis and explain how strengths and weaknesses interrelate with external macro factors. LO4 Determine the internal strengths and weaknesses of specific businesses and explain their interrelationship with external macro factors P5 Conduct internal and external analysis of specific organisations in order to identify strengths and weaknesses. With your strengths and weaknesses identified, you need to turn your focus outwards. Conduct internal and external analysis of specific organisations in order to identify strengths and weaknesses. It is having some shortcomings and also qualities which are necessary foe an administration to know. But unlike PEST, you can directly influence everything with SWOT. It is a useful technique to evalauate the present Strengths (S), Weakness (W), Opportunities (O) & Threats (T) Universal Electronics Inc. is facing in its current business environment. Macro factors like political stability, economic condition, social support and many more which are affecting cited entity in adverse way. M4: Apply appropriately SWOT/TOWS analysis and justify how they influence decision-making. But the current wave of COVID-19 has affected it very badly. In the macro environment analysis, we have found some key external factors that directly bring position and negative effects to the airline industry and so to the Ryanair Company. SWOT Analysis for corporate marketing. In general, five forces are taken as the general environmental factors namely economic, socio-cultural, political-legal, technological, and international. Introduction: Now we will interrelate the external macro factors with . The Strengths-Weaknesses-Opportunities-Threats (SWOT) Analysis / Matrix enables the managers . Part 2: The impact of the macro environment and external macro factors on business operations and the interrelationship with the internal strengths and weaknesses. Conclusion. P5 Conduct internal and external analysis of specific organisations in order to identify strengths and weaknesses P6 Explain how strengths and weaknesses interrelate with external macro factors. 6. Conduct internal and external analysis of specific organisations in order to identify strengths and weaknesses, explain how strengths and weaknesses interrelate with external macro factors. M4 Apply appropriately SWOT/TOWS analysis and justify how they influence decision-making. P6 Explain how strengths and weaknesses interrelate with external macro factors. These factors are also known as societal factors or macro level business environment factors. We also conducted the internal and external analysis to find out the strengths and weaknesses of the company. Critically evaluate the impacts that both macro and micro factors . It can be used for nonprofit organizations and even for individual's personal assessment. The latter analyses the company itself. m4 apply appropriately swot/tows analysis and justify how they influence decision-making. Strength and weakness of the organization are linked with the external macro factors because in some cases organization may be affected by the outside factors. But the current wave of COVID-19 has affected it very badly. This analysis can be presented in the form of two summary tables, one of which is devoted to internal analysis, and the other to external analysis. It leads to a 2X2 matrix - also called SWOT Matrix. Explain how strengths and weaknesses interrelate with external macro factors. (P4) Conduct internal and external analysis of Primark UK in order to identify strengths and weaknesses. (P6) SWOT Analysis stands for Strengths, Weaknesses, Opportunities and Threats Analysis. SWOT Analysis (also known as SWOT Matrix) is a business framework that helps assessing a wide variety of factors that may have a profound impact on a business's performance. (P4) Conduct internal and external analysis of H&M in order to identify strengths and weaknesses. Determine the internal strengths and weaknesses of specific businesses and explain their interrelationship with external macro factors. Identify at least one opportunity and one threat for the chosen organisation based on the external analysis and explain how the organisation's strengths and weaknesses interrelate with the external macro factors (P6) P6 Explain how strengths and weaknesses interrelate with external macro factors. P6 Explain how strengths and weaknesses interrelate with external macro factors. SWOT stands for Strengths, Weaknesses, Opportunities, and Threats, and so a SWOT analysis is a technique for assessing these four aspects of your business. P6) Explain strengths and weaknesses inter-connected with external macro factors. LO4 Determine the internal strengths and weaknesses. and external analysis . Now we will interrelate the external macro factors with . These factors are also known as societal factors or macro level business environment factors. According to the model, a company must first confront its strengths and weaknesses with environmental opportunities and threats. P5 Conduct internal and. VIDEO 1. SWOT analysis helps companies understand the strengths, weaknesses, opportunities, and threats of a product or idea. We will define the relationship between different organisational functions and how they link to organisational objectives and structure, then we will identify the positive and negative impacts the macro environments and explain how strengths and weaknesses interrelate with external macro factors. P6 Strengths and weaknesses interrelate with external macro factors. interrelationship with external macro factors . VIDEO 2 Distinction 2 - Critically evaluate the impacts that both macro and micro factors have upon . Explain connection of Tesco's strengths and weaknesses with macro environmental factors. 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