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. > Discuss the strong; Question: P4 Identify the positive and negative impacts the macro en- vironment has upon business operations, supported by spe . Business unit 1 business environment (unit 1) 2020 | BTEC SWOT Analysis Model and Examples - Strategy Skills Unit 1 External Factor of Business Environment Assignment P6 Explain how strengths and weaknesses interrelate with external macro factors. HI6008 SWOT And Macro External Factors on Apple Inc Such factors can be national level, regional level, and international level environmental forces. It leads to a 2X2 matrix - also called SWOT Matrix. (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. Basic strengths involve the stakeholders' contexts responsibilities and roles. Strengths and weaknesses linked to external macro-factors Tesco under the external environmental factors experiences several changes. INTRODUCTION Business environment comprises of internal and external factor which directly affect the functioning of the business including supplier, customers, management etc. Management compares strength of the company with prevailing macro environment factors like economic, political, technology, social and cultural and then formulate . 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. (P5) Explain how strengths and weaknesses interrelate with external macro factors. (P5) Explain how strengths and weaknesses interrelate with external macro factors. Part 2: The impact of the macro environment and external macro factors on business operations and the interrelationship with the internal strengths and weaknesses. M4: Apply appropriately SWOT/TOWS analysis and justify how they influence decision-making. Now we will interrelate the external macro factors with . The former two are internal and affect the very business, while the latter are external and not under the organization's control. 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 Rssler, 2016). 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. That's the next stage of your SWOT analysis. 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. 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. 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. LO4 Determine the internal strengths and weaknesses of specific businesses and explain their interrelationship with external macro factors. Carry out SWOT analysis and explain how strengths and weaknesses interrelate with external macro factors. 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. D2 (LO3 & 4) Critically evaluate the impacts that both macro and micro factors have upon business objectives and decision-making. Answer : . 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. 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. LO4 Determine the internal strengths and weaknesses. Task 2 : P6: Explain how strengths and weaknesses interrelate with external macro factors. Conduct internal and external analysis of specific organisations in order to identify strengths and weaknesses. Assess competitors' objectives, strategies, strengths & weaknesses, and reaction patterns. The extent to which your organization could adapt to changing circumstances is also a factor that needs to be considered. Internal Factors - Strengths and Weaknesses The internal analysis of your organization should include its culture, expertise, resources, and unique qualities within the market place. P5 Conduct internal and external analysis of specific organisations in order to identify strengths and weaknesses. 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. The popular SWOT analysis is an overall evaluation of the company's strengths (S), weaknesses (W), as opposed to opportunities (O) and threats (T). Page 9 of 12. 5. SWOT Analysis Strengths Weaknesses Opportunities Threats. A SWOT analysis is designed to facilitate a realistic, fact-based, data-driven look at the strengths and weaknesses of an organization. Identify the positive and negative impacts the macro environment has upon business operations, supported by specific examples from the case study. 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 how strengths and weaknesses interrelate with external macro factors. SWOT analysis is a strategic planning tool that can be used by Universal Electronics Inc. managers to do a situational analysis of the firm . PESTLE model to support a detailed analysis of the macro environment within an organisation. 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. Although very competitive and it requires a huge investment to start. Organization is not able to identify various factors that affect the management decision making directly and indirectly. VIDEO 1. With SWOT analysis, external, market-related opportunities and risks are compared with the company's . The SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats) is useful both for understanding the micro and the macro factors. SWOT Analysis for corporate marketing. Transcribed image text: P5 Conduct internal and external analysis of specific organizations in order to identify strengths and weaknesses. Select which competitors to attack or avoid. 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. P5 Conduct internal and. The Strengths-Weaknesses-Opportunities-Threats (SWOT) Analysis / Matrix enables the managers . Therefore, the . Strengths Weaknesses Opportunities Threats . P6 Explain how strengths and weaknesses interrelate with external macro factors. Strength and weaknesses of the business organisation are related with macro and micro environment factors. P6 Explain how strengths. 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. Conduct internal and external analysis of specific organisations in order to identify strengths and weaknesses. (P6) SWOT analysis helps companies understand the strengths, weaknesses, opportunities, and threats of a product or idea. In general, five forces are taken as the general environmental factors namely economic, socio-cultural, political-legal, technological, and international. Key external macro factors including the competitive environment and government intervention that influence organisations and business. The internal strength of the organisation provides the nature of opportunities for the company to expand its . Introduction: external analysis ofspecific organisations in. (P6) 5. But the current wave of COVID-19 has affected it very badly. Conclusion. (P4) Conduct internal and external analysis of H&M in order to identify strengths and weaknesses. P6 Explain how strengths and weaknesses interrelate with external macro factors. external macro factors. Furthermore, these factors may either be favourable/helpful or unfavourable/harmful to a company. Identify the positive and negative impacts the macro environment has upon business operations, supported by specific examples from the case study. Apply appropriately SWOT/TOWS analysis and justify how they influence decision-making. These factors are also known as societal factors or macro level business environment factors. M4 Apply appropriately SWOT/TOWS analysis and justify how they influence decision-making. Every organization has to work in its surrounding which have some strength and some weakness and these are interrelated with external macro-environmental factor. 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. It helps to understand strengths, weaknesses, opportunities and threat of a business, product and projects. It is vital for company to enhance their business activities to understand their opportunities which is relate with macro factors. macro environment within . Explain connection of Tesco's strengths and weaknesses with macro environmental factors. P5 Conduct internal and external analysis of specific organisations in order to identify strengths and weaknesses. SWOT Analysis stands for Strengths, Weaknesses, Opportunities and Threats Analysis. Critically evaluate the impacts that both macro and micro factors . 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. P6) Strengths and weaknesses interrelate with external macro factors. P6 Explain how strengths and weaknesses interrelate with external macro factors. 4. P6.1.1.Solution Expand business networks, efficiency and sustainable development. The great strength achieved by Aldi Ltd was acquired a large volume of sales. 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) P5 Conduct internal and external analysis of specific organisations in order to identify strengths and weaknesses. But unlike PEST, you can directly influence everything with SWOT. According to the model, a company must first confront its strengths and weaknesses with environmental opportunities and threats. Attachment:- Business Environment of a Multinational Organisation . 6. Explain how strengths and weaknesses interrelate with external 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. An analysis of strengths and weaknesses of internal factors can be undertaken at the same time as the external analysis. 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 . 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. The stores are spread all over UK, Ireland and Denmark as well as 40 nations (Do and Smallbone, 2017). 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. 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. 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. The company has been known to provide excellent consumer . Identify the positive and negative impacts the macro environment has upon business operations, supported by specific examples. SWOT analysis. 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. It can be used for nonprofit organizations and even for individual's personal assessment. Macro factors like political stability, economic condition, social support and many more which are affecting cited entity in adverse way. These factors may either be internal to a company or external. We also conducted the internal and external analysis to find out the strengths and weaknesses of the company. P6 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. and external analysis . 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. 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. 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. 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