- 16 Marks
BMIS – L1 – QC2 – Strategic Analysis Models
Identify a model for strategic position analysis of an industry.
Question
(a). Identify a model that can be used to carry out a strategic position analysis of the industry in which an entity operates.
(b). PESTEL is a model for carrying out a position analysis of the environment within which an entity operates. What does ‘PESTEL’ stand for?
(c). There are several global oil companies, such as PetroGlobal and EnergyCorp. Use the PESTEL model to identify environmental factors that will affect the strategic planning of such companies.
Find Related Questions by Tags, levels, etc.
- Tags: Environmental Factors, Global Business, Oil Industry, PESTEL, Strategic planning
- Level: Level 1
- Topic: The external environment
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