Answer to Question #224233 in Management for Gilbert mulenga

Question

QUESTION 1

This is business environment question

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

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

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

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

Use Food Industry (Shoprite, pickn pay, Spar, Debonnairs, romans Pizza

Answer 1

Question 1

1. Productivity issues: The economic expansion of the last decade has conflicted with slow productivity growth and a lack of attention to efficiency and productivity. COVID-19 slowed productivity even further by confusing company procedures. Operating in a socially disconnected environment is becoming more expensive, necessitating considerable reengineering to return to pre-COVID productivity levels.
2. Concerns about the environment-Climate change were thrust to the center of long-term corporate strategy and planning at the start of 2020. Even though COVID-19 has momentarily eclipsed climate change, half of the CEOs still regard it as a factor affecting their company.
3. Progress in technology-Of sure, technological advancements will have a significant impact in the future decade.
4. Systemic skepticism-Global consumer and citizen trust were already at an all-time low before COVID-19.

Question 2

Swot aids in minimizing the impact of your company's deficiencies while emphasizing its strengths.

Question 3

1. Maintain an optimistic viewpoint rather than a pessimistic outlook. Those who look on the bright side have the best prospects.
2. Make contacts and relationships with a wide range of individuals both inside and beyond your business. Take the effort to build up your network because it may be a source of ideas, employees, and guidance.