Business Environment Analysis Template SITXMPR007 Created: MAY 2022 Capital College RTO: 41593 | CRICOS: 03537J | ACN: 606 797 611 | ABN: 16 606 797 Your Business Business name Business structure Guidance: What’s the formal structure of your business? Are you a sole trader, in a partnership, a trust or company? ABN Guidance: What’s your registered Australian Business Number? ACN Guidance: What’s your registered Australian Company Number, if applicable? Business location Guidance: Where does your business operate from? Date established Guidance: When did you begin trading? Business owner(s) Guidance: Who are the owners of the business? Owner/s experience Guidance: Create a summary of your (and other owner’s) experience in the industry and any major achievements/awards. Products or Services Guidance: What products and/or services do you sell? SITXMPR007 Created: MAY 2022 Capital College RTO: 41593 | CRICOS: 03537J | ACN: 606 797 611 | ABN: 16 606 797 Internal Analysis What are the core activities of the business? Describe the product/service for this business [ Explain the current business activities of the business? What are the products and services that the business is selling]? Describe the current customer base for the Retreat Inn? Who are the current customers? [Describe the current customer/clients. What are their characteristics based on demographic characteristics such as age, gender, income level etc.?] SITXMPR007 Created: MAY 2022 Capital College RTO: 41593 | CRICOS: 03537J | ACN: 606 797 611 | ABN: 16 606 797 What are the current and past marketing activities undertaken by Mr. Smith? Describe its effectiveness [Describe the current and past marketing initiatives and strategies of the business. Describe how effective have these strategies been in achieving the goals.] Use the table below to conduct a SWOT analysis for the Retreat Inn [Use the table below to list each of your businesses Strengths, Weaknesses, Opportunities or Threats] Strengths Weakness Opportunities Threats SITXMPR007 Created: MAY 2022 Capital College RTO: 41593 | CRICOS: 03537J | ACN: 606 797 611 | ABN: 16 606 797 What are the current capabilities of this business? [Capabilities’, in this context, refers to a company’s in-house abilities to conduct marketing activities. Capabilities allow companies to use their resources in specific and sometimes specialist ways. Describe the capabilities of this business that can be used to achieve the goals. Which skills are available? Which assets can be used? What may give the company a competitive edge? Mention the current resources within the organization under each area? Is there a need for special assistance in any area? Describe each in detail Physical Financial Human Technological Processes Need for special assistance? SITXMPR007 Created: MAY 2022 Capital College RTO: 41593 | CRICOS: 03537J | ACN: 606 797 611 | ABN: 16 606 797 EXTERNAL ENVIRONMENTAL ANALYSIS Identify and analyse information on expected market growth or decline for the market in which Retreat Inn operates. Conduct a Risk analysis for the market forecast. [Research the current market for the organization. Analyse the market situation and describe whether you forecast any expected or unexpected growth or decline. How will this affect the Retreat Inn? What are some Risks associated with the Market prediction? Is the area experiencing population growth or decline? Does the region where you operate have a stable economy? Are there any seasonal variations that might affect sales? What is the size of the market? What recent trends have emerged in the market? Is there potential for growth in the market? How will you be able to capitalise on any opportunities? How will your entrance affect the market/customers? What external factors will affect your customers?] Conduct a PESTLE analysis for the Retreat Inn and describe the current situation/trends under each of the following factors relevant to the business Political Economical Social Technological Legal SITXMPR007 Created: MAY 2022 Capital College RTO: 41593 | CRICOS: 03537J | ACN: 606 797 611 | ABN: 16 606 797 Environmental Identify any 2 competitors for Retreat Inn and complete the table [Use the table below to analyse at least 2 competitors] Competitor Value to Customers Strengths SITXMPR007 Created: MAY 2022 Capital College RTO: 41593 | CRICOS: 03537J | ACN: 606 797 611 | ABN: 16 606 797 Weaknesses