Strategic analysis frameworks — internal audit, external environment and Porter's Five Forces
SWOT maps a business's internal position (Strengths, Weaknesses) against the external environment (Opportunities, Threats) to inform strategic choices.
Porter's Five Forces analyses the competitive intensity and attractiveness of a market. The stronger each force, the lower the industry's profit potential.
A pharmaceutical company holds patents on life-saving drugs, faces no close substitutes, and sells primarily to national health services with fixed budgets. Which of Porter's Five Forces would be rated LOWEST for this firm?
A fashion retailer identifies that its main PESTLE threat is an ageing UK population reducing the target market for trendy youth clothing. This factor is best classified as:
A business uses its SWOT to identify that it has a strong R&D capability (strength) and that AI technology is rapidly advancing (opportunity). Which SWOT strategy best fits this scenario?