Competitive Strategy for Legal and Environmental-myassignmenthelp

Question: Discuss about the Competitive Strategy for Legal and Environmental. Answer: Introduction Development tools have a great role in operating the overall activities of the company. In this paper, the development tools which will be taken into consideration are SWOT, PESTLE AND Porter five forces. The discussion will be made on the tools with the examples related to Estia which is one of the largest age care company. These tools assist the company in operating the activities so that goals and objectives can be attained. Pestle Analysis This is one of the tools which help to analyze the external factor of the company. There are various factors which are related to this analysis like political, social, economic, technological, legal and environmental. This analysis is conducted so that market situation can analyze in a proper manner. On this analysis, the managers or the top management give more focus so that proper directions can be given. In this political factor has a connection with the rules and regulations imposed by the government. The economic factor is related to inflation and deflation and the overall impact is given on the prices of the services and products which are given. Next factor is a technological factor in which latest technologies are considered so that activities can be conducted smoothly (Porter and Kramer, 2019). Next factor is related to the environment in which surroundings and environment are analyzed so that according to that operations can be completed. The last factor is a legal factor in which the emphasis is given on the rules that are implemented by the companies so that activities can be completed by considering proper policies (Weerawardena and Salunke, 2017). Example Political factor It is analyzed that organization is giving focus on maintaining proper partnership by considering both private as well as public sector. Expenditure on public health is low if a comparison is made with the developed countries. The government provides drugs and also there are many medical types of equipment which is taken into consideration so that companies who are from health sector can achieve growth. When Estia conducts the activities, proper rules related to labor law and other are taken into consideration (Tan and Sousa, 2015). Economic factor It is seen that the policies related to government policies also offer opportunities so that the infrastructure of the healthcare can be maintained. It is analyzed that private sectors give healthcare services in an effective manner. It is seen that behavior related to spending can be enhanced by the people and also, they can avail the services of healthcare in a proper manner (Wagner III and Hollenbeck, 2014). Socio-cultural factor It can be evaluated that in Estia the people are taken into consideration who is old and proper assistance and care is given to them. It can also be analyzed that in Australia the overall rate of population is high and the people who are aged are moving towards old age homes so that proper care can be taken. Technological factor Technological factor the healthcare system in Australia has to face a huge pressure just because of the technologies. But Estia focuses on considering the technologies which help the company to achieve success in the market. Legal factor The company gives emphasis on maintaining proper employment law and also health and safety law so that people who are aged can care properly. Environmental factor Estia gives emphasis in managing the overall waste and also recycling of the waste so that environment can be clean. Swot Analysis This framework is related to analyzing the overall strength, weakness, opportunities, and threats prevailing in the market. This tool assists the company to consider the strategies so that threats can be minimized in a proper manner. This tool collects the information of the company internally. In this tool, the focus is given by the managers or the directors so that in the competitive environment company can achieve growth in an effective manner. By giving emphasis to this tool the company can achieve overall goals of the company in a proper manner (Blockeel et al., 2016). Example Strength The strength of the company is related to the image of the company. The company has a good image in the market which helps to accomplish goals and objectives in a proper manner. If the emphasis is given to the overall financial position then the company is in a good position and also there are sufficient resources that can be offered to the customers. Weakness It can be evaluated that company should give focus on considering the updated technologies so that growth and goodwill can be maintained in the market. The company has also focused on the proper integration of the process and due to this issue has been faced by the organization. It is seen that major issue faced by the company is related to the challenges that take place due to the new entry into the market (Bull et al., 2016). Opportunities The organization has various opportunities but right time is required to grab that opportunity. It can be analyzed that many consumers are engaged in doing online business. So, the company is giving emphasis in focusing on investing in the online platform so that customers can get assistance from anywhere. Threats There are many problems that arise due to the fluctuation in the laws and it is seen that it has affected the standards of the company. Up and down in the currency rate has also affected the growth of the business. Porter Five Forces Analysis This framework gives emphasis in evaluating the situation of the market so that success can be attained. On this tool, the focus is given by the top-level management and it evaluates the overall need for the services (Ginter, 2018). Example Bargaining power of suppliers When emphasis is given to the healthcare sector it can be evaluated that it gives impact on the suppliers as there are many suppliers who are engaged in the activities. The threat of new entrants It can be analyzed that when new entries take place the effect is seen on the overall growth of the company. Estia has to face pressure due to low price strategy. The threat is high in this sector. Bargaining power of buyers It can be evaluated that demand is high for the buyers. They focus on the services which are best and also of the fewer prices. It can be analyzed that by giving good services the company can easily achieve large market share and can enhance the growth in a proper manner. Threats of substitutes It is high in this sector as there are many other companies who offer same types of services to the customers. The company can minimize the threat by focusing on a service-oriented firm. To manage cost one of the factors that help the company to achieve growth. Rivalry against the competitors It is also high as there are many competitors in the market of the same sector. This factor gives an indication to the firm to reduce the cost so that competitive advantage can be achieved in a reporting manner (Laszlo and Zhexembayeva, 2017). Conclusion So, it is analyzed that the company should give emphasis on enhancing the overall market share. The company should adopt innovative services which attract the attention of the customers towards the company. References Blockeel, C., Drakopoulos, P., Santos-Ribeiro, S., Polyzos, N.P. and Tournaye, H., 2016. A fresh look at the freeze-all protocol: a SWOT analysis.Human reproduction,31(3), pp.491-497. Bull, J.W., Jobstvogt, N., Bhnke-Henrichs, A., Mascarenhas, A., Sitas, N., Baulcomb, C., Lambini, C.K., Rawlins, M., Baral, H., Zhringer, J. and Carter-Silk, E., 2016. Strengths, Weaknesses, Opportunities and Threats: A SWOT analysis of the ecosystem services framework.Ecosystem services,17, pp.99-111. Ginter, P.M., 2018.The strategic management of health care organizations. John Wiley Sons. Laszlo, C. and Zhexembayeva, N., 2017.Embedded sustainability: The next big competitive advantage. Routledge. Porter, M.E. and Kramer, M.R., 2019. Creating shared value. InManaging Sustainable Business(pp. 327-350). Springer, Dordrecht. Tan, Q. and Sousa, C.M., 2015. Leveraging marketing capabilities into competitive advantage and export performance.International Marketing Review,32(1), pp.78-102. Wagner III, J.A. and Hollenbeck, J.R., 2014.Organizational behavior: Securing competitive advantage. Routledge. Weerawardena, J. and Salunke, S., 2017. 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