country specific trends
latest technological trends and advancements
sites and locations
Special government directives
Similar to PESTEL's internal external factors SWOT analysis also covers both these aspects classifying them as opportunitites and threats.
SWOT Analysis, is one of the most commonly used strategic tools in business analysis. It evaluates the Strengths, Weaknesses, Opportunities, and Threats of an organization.
Strengths - attributes of the organization that are helpful to its objective. Major plus points.
Weaknesses - attributes of the organization that are harmful to its objective. Major negatives.
Opportunities - Possible conditions that can help/profit the organization.
Threats - Possible conditions that can be harmful for the organization.
SWOT analysis identifies both internal and external factors affecting an organization, so the four major categories can be further grouped into two major ones:
Internal factors - Strengths and weaknesses are internal factors (depending on their impact on the organization's objectives)
External factors - Opportunities and threats are posed by external environment (these factors are more closely related with PESTEL analysis)
Porters Five Forces Model
The five forces model presented by Michael Porter is one of the most widely used models for understanding the nature of competition in any industry.
The five forces according to Porter are:
The threat of entry of new competitors (new entrants)
The threat of substitutes
The bargaining power of buyers
The bargaining power of...
The first part will give a description of and analyze the primary internal and external influences which affect the organization (Siemens). The second part has to do with current changing competitive environment which the organization has to face.
Since organizations do not operate in vacuum and the productivity of an organization is always linked to certain factors which in this case are called influences, it is important for an organization to know what those influences are. Influences can be both internal and external and this report will try to analyze both types since both are equally important. Apart from an analysis of the primary influences on an organization we will also analyze the effect these influences have on Siemens.
This technique is an updated form of PEST analysis it stands for Political, Economic, Social, Technical, Environment and Legislative. It analyses the external influences on a business. PESTEL can help understand market growth or decline, business position, and future potential and direction for operations. (Barkema and Vermeulen, 2005)
One of the major costs of doing a business is of obtaining raw materials. Suppliers are those entities that supply an organization with that vital component.