Nice breakdown of SWOT and PESTLE analysis. Conducting SWOT and PESTLE analyses are essential for understanding both internal and external factors that impact business strategies. I have found lot of tools which makes our lives easy when it comes to getting the analysis done in no time. Few of my most favourites are Miro and Creately. I like Miro because of it's smoothness and Creately for it's infinity canvas, templates related to different use cases and their color palettes. Have a look at these tools, it's worth checking out.
Got your question. Here's how you can do that: 1. SWOT Analysis: - Strengths: What are you good at? - Weaknesses: What could you improve? - Opportunities: What possibilities exist? - Threats: What challenges do you face? 2. STEEPLE Analysis: - Social: How do people affect your business? - Technological: What tech trends matter? - Economic: What economic factors impact you? - Environmental: How does the environment matter? - Political: What political factors influence you? - Legal: Any legal issues to consider? - Ethical: What ethical concerns exist? 3. Connect the Dots: - Match your strengths with opportunities. - Mitigate weaknesses against threats. - See how the outside world influences your inside world. 4. Make Smart Moves: - Use this understanding to make better decisions. - Leverage your strengths and external opportunities. - Work on weaknesses and guard against threats. 5. Stay Updated: - Keep checking in on your SWOT and STEEPLE. - Adapt your strategies as things change. It's like understanding both yourself and the world to make the best decisions for your business. Hope you found this response helpful?
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Nice breakdown of SWOT and PESTLE analysis. Conducting SWOT and PESTLE analyses are essential for understanding both internal and external factors that impact business strategies. I have found lot of tools which makes our lives easy when it comes to getting the analysis done in no time. Few of my most favourites are Miro and Creately. I like Miro because of it's smoothness and Creately for it's infinity canvas, templates related to different use cases and their color palettes. Have a look at these tools, it's worth checking out.
Thank you
Thank you for this video. A good resource material for my lessons in Applied Economics.
Hi Jinggay! Glad it was helpful! Thank you.
Superb explanation 👍
Thank you 🙂
Thank you ! 👍👍👍
Our pleasure!
Thankuuuu
You are welcome Mauie
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How do I use swot and steeple together to make a well informed analysis
How do I use the swot analysis and steeple together to make a well informed analysis.
Got your question. Here's how you can do that:
1. SWOT Analysis:
- Strengths: What are you good at?
- Weaknesses: What could you improve?
- Opportunities: What possibilities exist?
- Threats: What challenges do you face?
2. STEEPLE Analysis:
- Social: How do people affect your business?
- Technological: What tech trends matter?
- Economic: What economic factors impact you?
- Environmental: How does the environment matter?
- Political: What political factors influence you?
- Legal: Any legal issues to consider?
- Ethical: What ethical concerns exist?
3. Connect the Dots:
- Match your strengths with opportunities.
- Mitigate weaknesses against threats.
- See how the outside world influences your inside world.
4. Make Smart Moves:
- Use this understanding to make better decisions.
- Leverage your strengths and external opportunities.
- Work on weaknesses and guard against threats.
5. Stay Updated:
- Keep checking in on your SWOT and STEEPLE.
- Adapt your strategies as things change.
It's like understanding both yourself and the world to make the best decisions for your business.
Hope you found this response helpful?
This is perfect 🙂👍
@@Adam-uc6hk thank you so much
@@TalentandSkillsHuB that was amazing advice! Thank you