Scribd
Upload
59 views

Business Principles, Tools and Techniques

This document discusses various business principles, tools, and techniques. It describes feasibility studies, SOAR analysis, SWOT analysis, PEST analysis, and Porter's Five Forces. Feasibility studies evaluate financial, technical, market, operational, and organizational factors before starting a business. SWOT and PEST analyses examine internal/external strengths/weaknesses and political/economic/social/technological factors. Environmental scanning and benchmarking are also business techniques.

Uploaded by

ClangClang Obsequio-Arinto
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
59 views

Business Principles, Tools and Techniques

This document discusses various business principles, tools, and techniques. It describes feasibility studies, SOAR analysis, SWOT analysis, PEST analysis, and Porter's Five Forces. Feasibility studies evaluate financial, technical, market, operational, and organizational factors before starting a business. SWOT and PEST analyses examine internal/external strengths/weaknesses and political/economic/social/technological factors. Environmental scanning and benchmarking are also business techniques.

Uploaded by

ClangClang Obsequio-Arinto
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
You are on page 1/ 22

BUSINESS

PRINCIPLES, TOOLS
AND TECHNIQUES
• How can we say that a business is a successful
one?
• A successful business understands the critical factors that
could potentially affect the way how it should operate.
Business people should also be ready to address
challenges it could bring into the whole organization in
unprecedented business crises.
BUSINESS TOOLS
1.Feasibility Study
2.SOAR (Strengths, Opportunities, Aspirations, and Results)
3.SWOT (Strengths, Weaknesses, Opportunities, and
Threats) Analysis
4.PEST (Political, Economic, Social, and Technological)
Analysis
5.Porter’s Five Forces
FEASIBILITY STUDY

• considered a powerful tool when putting up a


business. Usually, a feasibility study follows
essential business parameters that need to be
planned before introducing any company in the
target market, such as Financial, Technical,
Market, Operation, and the Organization
FEASIBILITY STUDY HAS THE
FOLLOWING ESSENTIAL CONTENTS
An Executive Summary Identification of Specific
Description of Product or Market
Service Marketing Strategy
Technology Considerations Organization Structure
Product or Service Schedule
Marketplace Financial Projections
SOAR ANALYSIS
• Using this tool invites a positive mindset by combining the
people’s ideas, dreams, and interests to fuel an energizing vision
to work.
• SOAR Analysis works for all industries, all levels in an
organization, existing and new businesses, companies striving for
breakthroughs, and individuals as part of their development plans
SWOT ANALYSIS

•SWOT analysis is a framework for identifying and analyzing an


organization's strengths, weaknesses, opportunities and threats. The
primary goal of SWOT analysis is to increase awareness of the factors
that go into making a business decision or establishing a business
strategy. To do this, SWOT analyzes the internal and external
environment and the factors that can impact the viability of a decision.
• Business Environment – refers to the factors or
elements affecting a business organization.
1. External Business Environment
2. Internal Business Environment
• External Environment – includes factors and elements
outside the organization which may affaect its performance,
either positively or negatively
• Internal Environment – refers to the factors por elements
within the organization which may also affect its
performance, either positively or negatively.
COMPONENTS OF THE EXTERNAL
BUSINESS ENVIROMENT
• General Business Environment
1. Economic
2. Socio-cultural
3. Politico- legal
4. Demographic
5. Technological
6. World and Ecological
COMPONENTS OF THE INTERNAL
BUSINESS ENVIRONMENT
1. Resources
2. Research and Development
3. Production
4. Procurement of supplies
5. Products and services it offers
EXTERNAL/ Strength, Weakness,
INTERNAL Opportunity, Threat
Good Customer
Service
Decrease in the price
of raw materials
Increase in Taxes
Lack of capital
Earthquake
PEST ANALYSIS
• PEST Analysis is a simple and widely used tool that
helps you to analyze the Political, Economic, Socio-
Cultural, and Technological changes in your business
environment. So you can gain a better understanding of
the "big picture" forces of change that you're exposed to,
and, from this, take advantage of the opportunities that
they present.
PEST ANALYSIS IS USEFUL FOR FOUR MAIN REASONS:

1.It enables you to spot business or personal opportunities, and gives you advanced warning
of any significant threats.
2.It reveals the direction of change within your business environment, so you can adapt
what you're doing to work with the change, rather than against it.
3.You can use to analyze risks in your environment as well, so you can avoid starting
projects that are likely to fail.
4.It gives you an objective view of new and different markets, so you can base business
decisions on facts rather than unconscious assumptions when you enter a new country,
region, or market.
PORTER’S FIVE FORCES

• derived its name from the proponent, Sir Michael E.


Porter. Porter’s Five Force’s ultimate goal allows the
organization to study the market’s movement while
identifying its standing among competitors. It tells the
level of competition of the market that signals strategic
intervention for successful business survival.
BUSINESS TECHNIQUES

1. Environmental Scanning
2. Employing business prediction or business forecasting
3. Benchmarking
ENVIRONMENTAL SCANNING

• Environmental Scanning – also known as


Environmental Analysis is about seeking for and
sorting through data about the environment
a. SWOT analysis
b. PEST analysis

You might also like