Industry Analysis Tools
[Institution Title] It is vital to understand potential, position, direction, and aim of the business clearly for staying ahead in the competitive market. The researchers have put a lot of effort in finding the right set of tools for analyzing the performance of industry. PEST Analysis (Political, Economic, Social, and Technological), SWOT (Strengths, Weaknesses, Opportunities, and Threats), and Porter’s Five Forces Model are some renowned examples of industrial analysis tools. This essay will highlight the five common standards and measures for critically analyzing the position, performance, and competitive advantage of any industry of the globe. Specifically, these includes Continue reading...