Tag: strategy
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PESTLE and mortar your rivals (in a nice, non-lethal way)
Pulverize your competitors with this tool to analyze the environment that shapes your organization’s performance. A PESTLE or PESTEL (or formerly, just plain PEST) analysis is a useful tool to deploy when starting a new business or entering a new market. It’s also a powerful sidekick for assessing external factors when used with the more…
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SWOT: Discover new opportunities and crush threats
Possibly the most popular strategy tool ever (strategists and business consultants love a 2×2) the SWOT box helps you identify strengths, weaknesses, opportunities, and threats. A SWOT analysis can help you carve out a sustainable niche in you market, or on a personal level, help develop your career that best uses your talent and opportunities.…
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How 5 Forces Shape a Firm’s Competitive Position
Use this model to understand where power lies in a business situation. Michael Porter’s five forces model is a useful tool to understand and cope with competition. It helps you frame both the strength of your current position and the strength of a position you’re thinking about moving into. If these forces are intense within…