Front

What does PESTLE analysis stand for?

Back

Political, Economic, Socio-cultural, Technological, Legal, Environmental

Front

What is the primary objective of a business unit strategy?

Back

To enable the business unit to differentiate itself from competitors

Front

What are the key components of operational strategy?

Back

Tactics, processes, and systems

Front

What are the influences of the external environment?

Back

Opportunities and threats

Front

What is the impact of government policies on the business environment?

Back

They can significantly affect how organizations operate

Front

What factors contribute to the threat of new entrants in a market?

Back

Low barriers to entry and low switching costs

Front

What does high supplier power indicate?

Back

Suppliers have significant influence over prices

Front

What can high customer power lead to for companies?

Back

Pressure to lower prices

Front

What is the threat of substitutes?

Back

Possibility of a product being replaced

Front

What does competitive rivalry refer to?

Back

Degree of competition between firms