This week’s topics
External environmental analysis
- PESTLE factors affecting tourism
- Porter's Five Forces in hospitality
- Competitive dynamics and macro-environmental volatility
- External Influences on Organisational Performance - ACCA Advanced Performance Management (APM)
- Business Strategy 07 - Competitive Rivalry & Competitive Dynamics
What you will be able to do
- 2.2 Analyse the impacts of the external operating environment on tourism and hospitality organisations.
Activity
Start with this week’s 2 videos, then: Seminar, guided reading and a short written task: analyse the impacts of the external operating environment on tourism and hospitality organisations.
Study materials
Videos
- External Influences on Organisational Performance - ACCA Advanced Performance Management (APM) · YouTube · OpenTuition · 44 min · for registered students
- Business Strategy 07 - Competitive Rivalry & Competitive Dynamics · YouTube · Ajarn Olli · 24 min · for registered students
- The Five Competitive Forces That Shape Strategy · YouTube · Harvard Business Review · 13 min · for registered students
- External Analysis: PESTEL Framework | Strategic Management · YouTube · Business School 101 · 15 min · for registered students
- Business Strategy 03 - The External Environment of a Firm · YouTube · Ajarn Olli · 26 min · for registered students
- Leading Strategy Paper series: Porter, M. E. (2008) The Five Competitive Forces that Shape Strategy · YouTube · Glenn Parry · 16 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
- Introduction to Business 2e, ch. 1.2: Understanding the business environment · PDF · OpenStax, textbook chapter; pp. 16–19 · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.