Principles of Management
OER 2019 Edition
ISBN: 9780998625768
Author: OpenStax
Publisher: OpenStax College
expand_more
expand_more
format_list_bulleted
Textbook Question
Chapter 8.3, Problem 3CTQ
Explain what favorable PESTEL factors support LEGO’s efforts.
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
Comparing Palmolive and Dove, as soap manufacturing companies, what are the external influencing factors?
Why does the market move this way, in this context with the external factors?
what are some reasons why social ventures need different sustainability models compared to purely commercial ventures?
What products and services that APPLE INC offer?
Chapter 8 Solutions
Principles of Management
Ch. 8.1 - Why do managers use strategic analysis?Ch. 8.1 - How are internal factors different from external...Ch. 8.2 - Explain the elements of a SWOT analysis.Ch. 8.2 - What information does a SWOT analysis provide...Ch. 8.3 - Describe a firms macro environment.Ch. 8.3 - What does PESTEL stand for? How do managers use...Ch. 8.3 - How would you approach this issue if you were the...Ch. 8.3 - What PESTEL challenges is LEGO trying to address...Ch. 8.3 - Explain what favorable PESTEL factors support...Ch. 8.4 - Describe each of Porters Five Forces. What...
Ch. 8.5 - What are firm resources and capabilities?Ch. 8.5 - Describe a value chain and what the activities in...Ch. 8.5 - What is VRIO? What questions do the letters stand...Ch. 8.5 - What resource or capability challenges have Uber...Ch. 8.5 - What PESTEL factors do you think are contributing...Ch. 8.5 - What industry challenges (think of Porters Five...Ch. 8.6 - What is competition, and what is the role of...Ch. 8.6 - When does a firm have a competitive advantage over...Ch. 8.6 - Explain the differences between the three...Ch. 8.7 - How does strategic analysis help a firm develop...Ch. 8 - Why do managers use strategic analysis?Ch. 8 - What information does a SWOT analysis provide...Ch. 8 - Describe a firms macro environment and how...Ch. 8 - What is a firms micro environment, and why is it...Ch. 8 - What is an industry, and how do Porters Five...Ch. 8 - What are firm resources and capabilities, and what...Ch. 8 - When does a firm have a competitive advantage over...Ch. 8 - What are generic competitive strategies, and how...Ch. 8 - What do strategic group members have in common...Ch. 8 - How does strategic analysis help a firm develop...Ch. 8 - What PESTEL factors supported Teslas success?...Ch. 8 - How has Teslas strategic position changed since it...Ch. 8 - What kind of responses would you expect from...
Additional Business Textbook Solutions
Find more solutions based on key concepts
Using the numbers in the preceding question, what is the size of Ectenias labor force? a. 50 b. 60 c. 70 d. 80
Principles of Economics (MindTap Course List)
What is EVA and why is it superior to other performance measures?
Principles of Accounting Volume 2
Discussion Questions 1. What characteristics of the product or manufacturing process would lead a company to us...
Managerial Accounting (5th Edition)
Discussion Questions 1. What characteristics of the product or manufacturing process would lead a company to us...
Managerial Accounting (4th Edition)
E3-27 Identifying the impact of adjusting entries on the financial statements
Learning Objectives 3,5
Aus...
Horngren's Accounting (12th Edition)
What are the four elements of the budgeting cycle?
Cost Accounting (15th Edition)
Knowledge Booster
Similar questions
- describe Samsung's business model in detail?arrow_forwardDiscuss Hup Seng Industries Berhad (HIB) Critical success factors?arrow_forwardDescribe how Uber’s business model works and the role technology has played in its success. What are the arguments for banning these types of businesses? What are the arguments for defending them?arrow_forward
- Provide a brief description of the company’s business, major products, markets, industry sector, founding year. -> British American Tobacco (LSE:BATS)arrow_forwardHow does the lack of knowledge about sustainability prevent companies from transitionning to th ecircular economy ?arrow_forwardAnalyze the industry Nike competes in using Porter's 5-Forces framework. Clearly define the industry that Nike operates in. Identify whether the force is high, moderate, or low for each force. Explain your rationale for each force. Using the conclusions of each force, suggest whether the industry is attractive (i.e., profitable) or not. Explain your rationale.arrow_forward
- Analyze and discuss the external environment of Apple Inc. using the PESTEL approach. Which factors are most relevant in the case of this particular company?arrow_forwardIn today's crowded marketplace, explain how Dell successfully differentiates itself from its rivals.arrow_forwardd) Use the categories of Transaction Cost Economics to explain why GM decided to acquire Fisher Body.arrow_forward
- Conduct a SWOT analysis of Apple Inc. Notes: Think critically; provide the reason / why the strength, weakness, opportunity and threat is relevant. Internal Environment 1) Finance 2) Employees 3) Market Share 4) Product Line and Mix 5) Intellectual Property 6) Locations/distribution 7) Brand 8) Corporate Culture 9) Any other organizational resources External Environment (1) Competitor Analysis (list all major and conduct analysis of one major competitor)(2) Technological (3) Political(4) Legal(5) Economical(6) Social / Cultural Notes: Think critically; provide the reason / why the strength, weakness, opportunity and threat is relevant. Provide 10 total Strengths and Weaknesses with at least 4 Strengths, 4 Weaknesses and provide 8 Opportunities and Threats with at least 3 Opportunities (one must be the product), 3 Threats (one must be competition). Note one opportunity should highlight your product; one threat should address a competitor.arrow_forwardName and discuss the elements of a company's microenvironment and give an example illustrating why each is important.arrow_forwardExternal environment of p&g company? Demographic,technological,economic,political/legal Advantages of operating online and leverage the advantages ? Disadvantages of operating online and how to overcome disadvantages? Of p&g company Plz answer each questionarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
