This week’s topics
Macro-Environmental Analysis Techniques
- PESTLE analysis framework
- LoNGPEST approach to global strategy
- Scenario planning techniques
- Identifying strategic blind spots and environmental turbulence
- PESTEL Analysis EXPLAINED | B2U | Business To You
- Scenario Planning Techniques in Effective Strategy Development
- How Philips Lighting uses the Oxford scenario planning approach - Full Video
What you will be able to do
- 3.3 Explain different techniques used to measure a business’s macro environment.
Activity
Start with this week’s 3 videos, then: Seminar, guided reading and a short written task: explain different techniques used to measure a business’s macro environment.
Study materials
Videos
- PESTEL Analysis EXPLAINED | B2U | Business To You · YouTube · Business To You · 10 min · for registered students
- Scenario Planning Techniques in Effective Strategy Development · YouTube · Galton College · 23 min · for registered students
- How Philips Lighting uses the Oxford scenario planning approach - Full Video · YouTube · Saïd Business School, University of Oxford · 10 min · for registered students
Further resources
- Mastering Strategic Management, ch. 3: Evaluating the External Environment · PDF · Saylor Academy, textbook chapter; pp. 71–100 · for registered students
- Principles of Management, ch. 8.3: A firm's external macro environment – PESTEL · PDF · OpenStax, textbook chapter; pp. 223–227 · for registered students
- Entrepreneurship, ch. 14.2: Using the PEST framework · PDF · OpenStax, textbook chapter; pp. 547–553 · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.