You enter your project team meeting with Mike and Tiffany to hear them discussing the tools that they found to conduct an analysis of the industry and competitors

Subject:BusinessPrice:19.86 Bought3

Share With

You enter your project team meeting with Mike and Tiffany to hear them discussing the tools that they found to conduct an analysis of the industry and competitors. “Mike, there are so many more tools than I even realized to give us some good data,” Tiffany states.

“I know,” Mike says. “That’s why I wanted to take some time to look at our options and figure out what information we really need to support the board’s decision.”

Mike and Tiffany both found some great tools from their research on the subject. Complete the following:

• Based on your classmates’ discussion posts for Week 2, do you still believe the tools that you selected will work best for a global strategy? Why or why not?
• What evidence do you have to support your decision?
• How would you refute the people who chose an additional tool rather than one of the tools that you selected?
• Based on the tools that you selected, provide a brief analysis of your market, using those tools.

Here is a copy of a peer's post to the db for reference:

The tools I would use for my formal analysis in the company they are the following think that help me. The first one look at would be swot analysis it would be breaking the company and how we are doing. It would break down the strengths, weaknesses, opportunities, and threats you will have to look at in the company at ]all time in the company. The second one uses the pestle analysis it looks at following an organization’s performance in with the business you will need to help it out. It also good if your start a new business it helps you with the foreign market as you need to help your business your open. It looks at a few things you need to know Political, Economic, Social, Technological, Environmental, and Legal factors. This way know what going on at all times in your business you open and get off on the right start as you need it to run the right way.

The two I would pick are the swot analysis and pestle analysis how you use them in the business you have. The first is the SWTO analysis this one helps what your strengths are for the company. It will also let you know what weaknesses is in the company at all time. It will help you find out what opportunities you have in the company when you need them to know. The last this will help you with it the threats you have you got to know and what you got to do void them to help the company out. The second one is pestles analysis it the framework or tool you can use for new business. Pestel most helps with factors in general business that they have to look at. It uses six-step to do in the step are the first political this one for the government intervenes in the company. The second is the economic factor this one used to tell the growth, exchange, rate, inflation, and interest rate are in the company. The third one the social factor this looks at the demographic characteristics, norms, customs un the company you have. The fourth technological factor what the market is favorably or unfavorable in the company market that they do. the fifth one environmental factors this one used for the raw materials for the company they will need. The last thing is legal factors this one looks more like the law you will in the company at all time.

The one I think is the best one to use in my opinion is the Pestel is the best one to use in the company. The reason why is it help you more when you are open new business up it more to help you out. Also, it when you will need to help you get to grow over the year. It will help guide you in what you need to keep it running at all times.

This will help in my plan that I have by helping guide me on what I need to do. it will show me what I need to do in the business when I open it up. This one will help me break it do what I need to do keep it up running at all times. It will show me what I have to do when first start up a new business for the first time what I want to look at in the company that I will have. This will show me what I to do in the company and how to break down the analysis when need to do it.