Leveraging PESTLE Analysis to Improve Sales Volume | A SpendEdge Engagement for an Automotive Company
LONDON--(BUSINESS WIRE)--Nov 19, 2018--SpendEdge, a well-known procurement intelligence solution provider, has announced the completion of their latest . The client is a renowned automotive company with offices spread across Montgomery, Alabama, Michigan and California. Headquartered in the US, the company has a market valuation of more than $200 billion. With latest innovations taking place in the automotive space, the client was looking to commercialize their businesses and revenue models to strongly connect with their customers. Moreover, they wanted to stay prepared for the possible threats, which arose from time to time due to the external factors.
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PESTLE analysis study for an automotive industry firm (Graphic: Business Wire)
A PESTLE analysis is used to analyze and monitor the macro-environmental factors that may have a profound impact on an organization’s performance. This helps in the strategic planning and gaining a competitive edge over competitors in the industry. PESTLE analysis is a strategic way through which businesses can weigh all external factors that are affecting sales and growth.
According to the procurement experts at SpendEdge, “ PESTLE analysis provides a better understanding of the wider business environment and helps in sound decision making. ”
The PESTLE analysis offered by SpendEdge’s experts helped the client assess all the external factors affecting their business decisions and anticipate future difficulties. This helped them take actions to avoid these effects and subsequently resulted in smart and prudent business decisions. Furthermore, the analysis of political, economic, sociocultural, technological, legal, and environmental factors helped the client gain better business profits and cope with the developing service standards and decreasing prices.
SpendEdge’s spend analysis strategies helped the client to:
• Recognize business opportunities and employ them successfully
• Raise awareness of potential threats
The engagement also offered predictive insights on:Developing an effective long-term strategic planning Making more decisive and knowledgeable business decisions Read the complete article to know more:
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View source version on businesswire.com:https://www.businesswire.com/news/home/20181119005265/en/
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KEYWORD: UNITED STATES NORTH AMERICA ALABAMA CALIFORNIA MICHIGAN
INDUSTRY KEYWORD: MANUFACTURING AUTOMOTIVE MANUFACTURING AUTOMOTIVE GENERAL AUTOMOTIVE
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PUB: 11/19/2018 07:37 AM/DISC: 11/19/2018 07:37 AM