Question

The STEEP, PEST or PESTLE model, Porter’s five forces model, and the SWOT framework. Each of these models has a different focus and purpose in analysing and understanding the organisational business environment.

Please explain each of these models and the purpose of how each model is used for businesses/organisations

Answer 1

STEEP is a whole sports video game created by Ubisoft Annecy and issued by Ubisoft. It was liberating global on December 2, 2016, for Microsoft Windows, PlayStation 4, and Xbox One Created by Ubisoft Annecy. The aim of learning and go through a steep go is to tell a pilot to stabilize an aircraft's stable domination in the instance of an emergency such as system failure, loss of capacity in one engine, et cetera.

PEST analysis (economic, political, socio-cultural, and automated) states a structure of macro-environmental parts utilized in the environmental study part of strategic management. PEST or PESTLE, which put the official and environmental points.

Porter's Five Forces Analysis is an essential way to perceive the intensity that forms opposition within a firm. It is also helpful for changing the strategy to suit an aggressive environment and grow potential profit.

SWOT (strengths, weaknesses, opportunities, and threats) scanning is a structure utilized to check an organization's dangerous place and grow strategic planning. The firm should have the analysis exact by keeping away from the pre-conceived trust part and rather directly on real-life conditions.