When you run a business, making the most of it becomes the prime purpose of life. Both big and small business owners need to conduct various analyses. There are many methods, which help to conclude about the firm’s current state before taking an informed decision. SWOT analysis is perhaps the most commonly used technique. STEEP, STEEPLE, and PEST are also used by individuals … [Read more...] about Difference between SWOT, PEST, STEEP and STEEPLE Analysis
STEEP Analysis
STEEPLE Analysis of Samsung
The STEEPLE analysis of the business environment of Samsung is part of the company’s strategic analysis for the medium and long term. The goal of this study is to assess the prospects of Samsung. Samsung is a global company in the consumer appliances and gadgets market. It started as a South Korean family-owned business but has earned acceptance around the globe now. Samsung … [Read more...] about STEEPLE Analysis of Samsung
Difference between STEEP and STEEPLE Analysis
STEEPLE analysis is a strategic planning tool. It can be helpful when planning the strategic positioning. SWOT Analysis is a popular alternative. STEEPLE is more advanced as it deals with macro-environmental external factors. STEEPLE offers an overview of various external fields. It is an acronym for Social, Technological, Economic, Environmental, Political, Legal and Ethical. … [Read more...] about Difference between STEEP and STEEPLE Analysis
STEEP Analysis Example of Pepsico
Many different companies around the globe rely on STEEP analysis for their brands. Their common goal is to either determine strategies for the future or to comprehend the market before launching new brands. STEEP analysis has become an essential tool for market planning and strategizing. You should carry out this analysis to gain better understanding not only market trends, … [Read more...] about STEEP Analysis Example of Pepsico
What is STEEP Analysis?
A STEEP analysis is a tool commonly used in marketing to evaluate different external factors which impact an organization. It is essential for every business to consider some external forces before they can take decisions. Many people have limited imagination as it is shaped by their own experience and beliefs. This tendency often leads an individual to neglect the reality or … [Read more...] about What is STEEP Analysis?