Swot And Analytical Tools Business Analysis Tools

INTERGRATED AND ANALYTICAL TOOLS Pranit Pravinesh Singh Student ID # 204336036 November 29, 2015 Colorado Technical University INTERGRATED AND ANALYTICAL TOOLS Business analysis tools are different techniques investors use to assess a company’s operations. In most cases, the purpose of the analysis is to determine how effective or efficient a company is in the overall market locally, nationally and globally. A scan of the internal and external environment is an important part of this strategic planning process. A few different tools are commonly used such as SWOT, PESTEL, Comparative and Porter’s Five Forces. Each one takes a different approach when reviewing the company’s financial and nonfinancial aspects. SWOT and PESTEL analysis are the two tools that will work best for a global strategy. A company has to focus on both external and internal factors before moving out globally. SWOT analysis helps to focus on both external and internal factors. Strengths and weaknesses are for internal factors such as location, patents held and reputation. Opportunities and threats look outside the company for things like competitors, market changes and supplier impacts. (Angeles,S. Sept 10,2015). Overall it gives a basic direction of what to do next for the business or project and ensure a greater chance of success. There are many factors in the macro-environment that will affect the decisions of any business. Tax changes, new legislation, trade barriers,Show MoreRelatedIntegrative And Analytical Tools For The Business1174 Words   |  5 PagesIntegrative and Analytical Tools To be successful in any modern business there are a few things that must take place. The company has to get oriented; it needs to identify the primary objectives of the business, as well as define the scope, and finally perform both internal and external analysis of the operations. 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