ST310E Strategic Thinking in a Complex World Session 3 PDF

9/30/2024 ST310E - Strategic Thinking in a Complex World Session 3 Module Coordinator: Cilem Selin HAZIR (Ph.D) 2024-2025 Academic Year 1 Recap...

9/30/2024 ST310E - Strategic Thinking in a Complex World Session 3 Module Coordinator: Cilem Selin HAZIR (Ph.D) 2024-2025 Academic Year 1 Recap Source: Thompson et al., Crafting and executing strategy 2 1  9/30/2024 Where do we go? Source: Thompson et al., Crafting and executing strategy 3 Levels of the Firm’s Environment E S P T L embedded No direct E control Source: Thompson et al., Crafting and executing strategy 4 2  9/30/2024 PESTEL Analysis 5 PESTEL - Political Factors Sources: https://www.justice.gov/opa/pr/justice-department-sues-apple-monopolizing-smartphone-markets https://www.nytimes.com/2024/08/04/technology/china-ai-microchips.html https://ec.europa.eu/commission/presscorner/detail/en/ip_24_3630 6 3  9/30/2024 PESTEL - Political Factors Political climate, Government intervention, Tax / fiscal / energy policy Tariffs, etc. Source: Thompson et al., Crafting and executing strategy 7 PESTEL - Economic Factors Sources: https://www.france24.com/en/live-news/20240425-tough-times-for-argentine-factories-as-consumers-penny-pinch https://www.lemonde.fr/en/economy/article/2023/11/07/made-in-france-products-hit-hard-by-inflation_6232848_19.html 8 4  9/30/2024 PESTEL - Economic Factors Economic growth, Unemployment, Inflation, Interest rates Exchange rates, Trade deficits/surpluses GDP per capita, etc. Source: Thompson et al., Crafting and executing strategy 9 PESTEL - Sociocultural Factors Sources: https://www.bcg.com/publications/2023/marketing-to-mature-consumers https://www.bbc.com/news/entertainment-arts-68455313 10 5  9/30/2024 PESTEL - Sociocultural Factors Values, Culture, Demographics, Inequality, Lifestyles. Etc. Source: Thompson et al., Crafting and executing strategy 11 PESTEL - Sociocultural Factors Aging population in advanced economies Demographics Migration Increasing wealth concentration Distribution Growing middle class in emerging countries Concentration in mega-cities Geography Industrial clusters Changing values Culture Digital natives 12 6  9/30/2024 PESTEL - Technological Factors Source: https://www.weforum.org/publications/top-10-emerging-technologies-2024/ 13 PESTEL - Technological Factors Technological change, Disruptive technologies, Institutions such as the patent system, Etc. Source: Thompson et al., Crafting and executing strategy 14 7  9/30/2024 PESTEL - Environmental Factors Sources: https://www.theguardian.com/world/2023/oct/10/climate-crisis-will-make-europes-beer-cost-more-and-taste-worse-say-scientists https://www.bu.edu/hic/2022/10/12/ask-the-experts-how-are-data-centers-impacted-by-climate-change/ 15 PESTEL - Environmental Factors Climate change, Shortages of water, food Etc. Source: Thompson et al., Crafting and executing strategy 16 8  9/30/2024 PESTEL – Legal and Regulatory Factors Source: https://www2.deloitte.com/us/en/insights/environmental-social-governance/sustainability-regulation-outlook.html 17 PESTEL – Legal and Regulatory Factors Labor, consumer, antitrust laws/regulations Efficiency of courts and institutions Source: Thompson et al., Crafting and executing strategy 18 9  9/30/2024 THANK YOU! 19 10