Critically evaluate the PESTLE and SWOT tools and discuss when it Assignment

Critically evaluate the pestererLE and SWOT tools and discuss when it would be appropriate for a strategical HRBP to them. Support you - Assignment ExampleIt will also discuss another relevant theory with regard to its application in HR field. PESTLE/PEST PESTLE/PEST analysis explores different external macro-environmental situations such(prenominal) as political, economical, social, and technological factors in which the firm operates (PEST analysis). In other words, the PEST analysis is an general environmental scan so as to assess opportunities and threats in the external environment. PEST analysis is a widely adopted concept and it has large account of applications as listed below Business think this tool gives accurate nurture to management regarding targets toward the development of new products. Marketing planning it also improves marketing planning process by providing valuable elements in a situation analysis phase. SWOT is the acronym of strengths, weaknesses, opportun ities, and threats. It is a globally accepted concept that explores internal organizational factors such as strengths and weaknesses and external environmental factors such as opportunities and threats of a project. The SWOT analysis provides beneficial information whether a firms resources and potentials fit with the competitive environment in which it operates (SWOT analysis). Main applications of this concept are discussed below Strengths such as patents, reputation, and strong brand induce and weaknesses like scummy brand name and high cost structure can be identified. Arrival of new technologies and withdrawal of regulations are some of the opportunities to a business whereas trade barriers and introduction of alleviation products are threats. SWOT analysis thinkes on these issues also. In addition, there are a lot of advantages and disadvantages to both techniques. Firstly, both these methods are easy to understand and simplex to operate. PEST tool is very effective for assessing external changes in the case of multinational companies. The SWOT analysis is suggestible to achieve organizational mission piece PEST analysis brings a clear picture of business external environment. A SWOT analysis can be performed by anyone who has adequate information regarding the day to day operation of the business and the market hence it is a cost effective method. At the same time, a PEST analysis develops strategic thinking and clearly points out the threats to a business. Similarly, PEST tool would assist the organization to avert approaching difficulties. Although the simplicity of SWOT analysis is beneficial for a firm to reduce related expenses, it also eliminates the possibility of a critical presentation. Since the SWOT analysis does not assess the degree of threats and opportunities, the results obtained from this method require kick upstairs research in order to get a comprehensive picture. The rapid changing nature of society raises many difficulties to PEST analysis in anticipating future developments. According to Haughey, PEST analysis tends to rely on assumption and therefore, it would minimise the accuracy of outcomes. In the opinion of Rabin (1999), Organisational downsizing is a management strategy that aims to focus more on the business activities by reshaping the firms structure into a smaller size. By downsizing the organisation, the management can terminate employees with poor performance and it is possible to maintain a group of potential workers. The SWOT and PEST analyses greatly contribute to