MYTUTOR SUBJECT ANSWERS

56 views

What's the difference between SWOT and PEST analysis?

Most people assume that SWOT and PEST are completely different things. In reality, SWOT and PEST are used together in strategic analysis.

SWOT stands for Strenghts, Weaknesses, Opportunities, and Threats, and it is used to identify what external and internal factors can affect the future direction and success of a business.

PEST stands for the Political, Environmental, Social, and Technological Factors that can affect a business. It is complementary to SWOT in that it used to precisely explore the external Opportunities and Threats that affect the chances of a business strategy being successful. 

Vittoria S. GCSE Business Studies tutor, A Level Business Studies tut...

2 months ago

Answered by Vittoria, a GCSE Business Studies tutor with MyTutor

Still stuck? Get one-to-one help from a personally interviewed subject specialist

17 SUBJECT SPECIALISTS

£18 /hr

Alexander C.

Degree: Accountancy (Bachelors) - Durham University

Subjects offered: Business Studies, Maths+ 5 more

Business Studies
Maths
French
English Literature
English Language
Dutch
-Personal Statements-

“Hi! My name is Alex, and I am currently a student at Durham University, studying Accountancy! I came to Durham from The Netherlands, having spent my entire life there, but have British and French parents. Having gone to an internation...”

£18 /hr

James K.

Degree: Law with Accounting and Finance (Bachelors) - Liverpool University

Subjects offered: Business Studies, Maths+ 1 more

Business Studies
Maths
Law

“About Me: I am currently studying Law with Accounting and Finance (LLB Hons) at the University of Liverpool. I have always had a real passion and love for Maths, Economics, Business and reccently discovered Law and hope that my tutori...”

MyTutor guarantee

£18 /hr

Matthew M.

Degree: MSci Computer Science (Masters) - Lancaster University

Subjects offered: Business Studies, Maths+ 2 more

Business Studies
Maths
Economics
-Personal Statements-

“About Matt: I'm Matt and I am a computer science student at Lancaster University. I have often been described as being friendly and hardworking by my friends, family and work colleagues. Prior to University I worked in the industry as...”

About the author

£18 /hr

Vittoria S.

Degree: English and Spanish (Bachelors) - Exeter University

Subjects offered: Business Studies, Spanish+ 3 more

Business Studies
Spanish
Extended Project Qualification
English Literature
-Personal Statements-

“Hi! I am a current humanities undergraduate student at the University of Exeter, exploring the amazing subjects of English and Spanish. One of my passions is learning about other cultures, and English and Spanish both allow me to do t...”

MyTutor guarantee

You may also like...

Posts by Vittoria

How can I memorise criticisms if I don't know the exam question?

How can I revise for my listening exam?

How do I practice writing an essay in the timed conditions?

What are some good Spanish idioms to include in my research essay?

Other GCSE Business Studies questions

What are the advantages of franchising?

What are the advantages of doing business as a sole trader?

Explain why _____ chose to start his new business as a sole trader. (6 marks)

What are the advantages of doing business as a sole trader?

View GCSE Business Studies tutors

Cookies:

We use cookies to improve our service. By continuing to use this website, we'll assume that you're OK with this. Dismiss

mtw:mercury1:status:ok