Answer to Question #224225 in Management for Gilbert mulenga

Question

QUESTION 1

As a Research Analysts, you are required you to analyze the current environmental factors that impact or influence your given industry. PESTLE and SWOT models must be applied in your analysis.

Important Notes

Identify and discuss the various macro environmental factors that impact on the business highlighting current business Covid 19 pandemic.

Increase your critical thinking skills by explaining SWOT analysis interrelationships with the external factors Previously discussed.

How would you advise the company/Industry for future Business stability.

Answer 1

Question 1

• Systemic skepticism—Before COVID, global consumer and citizen confidence were already at an all-time low. Now, closed borders, vaccine wars, masks, and legislation disputes, as well as a dread of "others," have become the norm.
• At the start of 2020, environmental concerns and climate change were forced to the forefront of long-term corporate strategy and planning. Despite the fact that COVID-19 has temporarily surpassed climate change, half of the CEOs still see it as a factor impacting their business.
• Technological developments will, without a doubt, have a huge influence in the coming decade. Artificial intelligence (AI), blockchain, quantum computing, and the inflow of machine customers will change how businesses and society operate.
• Productivity problems: The previous decade's economic development has been marred by poor productivity growth and a lack of focus on efficiency and productivity. COVID-19 hindered productivity even further by confusing the workplace. Operating in a socially isolated setting is getting increasingly expensive, needing significant reengineering to return to pre-COVID levels of productivity.

Question 2

Swot helps you to minimize the effect of your company's flaws while highlighting its benefits.

Question 3

• Maintain a positive attitude rather than a negative one. Those who have a positive attitude have the best chances.
• Make connections and relationships with a diverse group of people both inside and outside your company. Attempt to expand your network because it might provide you with ideas, employees, and direction.