Data Dissemination and Strategy Development †MyAssignmenthelp

Question: Discuss about the Data Dissemination and Strategy Development. Annswer: Introduction The paper will help in explaining the main strategy development tools and the way of using them in order to execute the concerned business processes. PESTEL analysis is used in order to determine the factors related to the political and economic factors that can impact on the growth of the business. The use of the Five Forces is done mainly to investigate the demands of the customers and formulation of the specific strategy to increase the profitability of the firm. SWOT analysis is to investigate the strengths and weaknesses of the industry o the firm and to use the opportunities available by reducing the crucial threats. Development of the strategy is considered as t be vital for the growth and development of an organization. There are various tools which need to be analyzed effectively in order to develop effective strategies, these are PESTEL, SWOT and Five forces. Australia is considered as one of the most politically stable countries that provides desired platform for various types of business organizations to execute their respective business processes. The country is considered as to be the safe destination for making suitable investments and the tourism sector is rising significantly throughout Australia and thus, it will provide opportunities to all of the tourism business organizations (Johnson, 2016). The country is having skilled candidates throughout different parts of the country and it retains multi-lingual workforce which helps in enhancing the growing economy. The prices of various properties are increasing high in relation to the income levels throughout Australia and it has created the great demand for the rental properties. It is very important for the tourism companies to analyze capital growth, off-plan, exchange rates of the currency and economic stability (Darcy et al., 2017). The currency exchange rates against the euros, dollars as well as sterling are found to be favorable within the Australian market segments. Therefore, it attracts the foreign market investors in order to invest more in the execution of various business processes relating to the tourism industry. The use of the social factors is crucial and is used as the vital tool for developing the effective strategy for the concerned organization. The understanding of the social stratification such as the classes and caste in order to enhance the evaluation of the business processes (Jarzabkowski and Kaplan, 2015). The wealthiest 5-10% of me people are considered into the upper groups and strategies needs to be formulated as per the income groups of the people so that the profitability can be maximized. The development of the latest and innovative factors are of great importance as it provides the desired competitive advantage to the concerned organizations throughout the competitive market areas. Bringing up of the latest innovative technologies is important in order to attract a large number of the customers towards the firm and thus, technological factors act as the vital tool for a formulation of marketing strategies. These include the crucial changes related to the climate and weather. The changes in the temperature can generate the significant amount of impact on the tourism industry and thus, formulation of the suitable strategies needs to be done in order to execute the concerned business practices (Song et al., 2017). There should be proper strategies in order to handle the issues from global warming and thus, it is the useful tool for the development of marketing strategy. The legal factors are generally related to the legal environment in which the firm is going to operate. Sometimes there are few of the contractual issues that affect the execution of the business processes in various ways. The vital elements that play the active part information of a particular contract area offer as well as acceptance. Identification of the five forces is vital as it helps in bringing the desired elevation in the evaluation of the concerned business processes. The use of the five forces is done in order to understand the business requirements as per the availability of the products or services throughout the concerned market segments. This refers when the consumers retain more options from the concerned market segments regarding the purchase of a particular product or service. It has become easier for the consumers to find out the best product or service for them by searching on online. There exists very less requirement of the travel agents in order to plan for the holiday trip and this has transferred the power in the hands of the buyers (Mkude and Wimmer, 2015). The help of this model helps in predicting the ability of the power of bargaining for the buyers to eliminate the intermediaries. The rivalry among the competitors throughout the tourism field is considered as to be fierce. It is nee of the crucial aspects that help the buyer in differentiating among the competitors and the services as well as products offered by them. When the customers gather knowledge regarding the offers provided the firms, the internet effectively reduces the differences between he concerned competitors (Bull et al., 2016). The initial investment in the tourism generates a barrier towards the entry but it is somewhat reduced by the use of internet technology (Balasopoulou et al., 2016).The understanding of these barriers is of great importance in order to develop the suitable strategy for promoting the growth of the business. One of the vital barriers within the tourism industry is the differentiation. Bargaining power of the suppliers It helps in referring that when the power is retained in the hands of the suppliers. It is the primary motive of the business organizations to increase the demand of a particular product throughout the concerned market areas as this helps in selling the products to a certain high range and the entire power goes into the hands of the suppliers (Greenspan, 2015). The development of the similar products as well as services from the various competitors refers to the crucial threats obtained from the substitutes (Wind and Hays, 2016). It increases the competition level across the companies regarding the selling of a particular product and thus, there exists crucial importance to develop the suitable strategy that will help in increasing the productivity as well as the profitability of the concerned organization. The use of the AWOT analysis in main strategy development is done to investigate the strengths, weaknesses of the industry or the concerned organization. Moreover, it also evaluates the opportunities that are available by reducing the potential threats all across the concerned market segments (Bohari et al., 2017). An example for the SWOT analysis of the tourism industry has been provided below: Strengths Weaknesses World class nature Safer Australian environments Suitability to work wild traveling The large area of wild animals Famous as well as the bus destination Cost expensive Immense distances Opportunities Threats Fast progressing economies throughout Asia Suitable place for investment and tourism infrastructure A craze for tourism destination among youth Change in weather and climate The changes in the exchange rates Environmental destruction Conclusion The paper effectively provides knowledge regarding the development of the strategy which is used in order to execute business methods. Three strategy development tools have been taken into consideration for the analysis of Australian tourism, they are PESTEL analysis, Five Forces and SWOT analysis. Analyzing the factors that can generate great impact on the business is crucial and tease tools help in identifying the demands throughout the market segments. References Balasopoulou, A., Latour, D., Kousoulakou, H., Michael, N., Mc Kenzie, D., Mair, A., Vontetsianos, T. and Geitona, M., 2016. The use of PESTEL as a change management tool to inform change management of polypharmacy and adherence to SIMPATHY program. International Journal of Integrated Care,16(6). Bohari, A.M., Hin, C.W. and Fuad, N., 2017. The competitiveness of halal food industry in Malaysia: A SWOT-ICT analysis.Geografia-Malaysian Journal of Society and Space,9(1). Bull, J.W., Jobstvogt, N., Bhnke-Henrichs, A., Mascarenhas, A., Sites, N., Baulcomb, C., Lambini, C.K., Rawlins, M., Baral, H., Zhringer, J. and Carter-Silk, E., 2016. Strengths, Weaknesses, Opportunities, and Threats: A SWOT analysis of the ecosystem services framework. Ecosystem services,17, pp.99-111. Darcy, N.M., Somi, G., Matee, M., Wengaa, D. and Perera, S., 2017. Data Dissemination and Use (DDU) Strategy Development: Design of the DDU Strategy Methodology.Journal of Health Informatics in Africa,4(1). Greenspan, R., 2015. Walmart: Five forces analysis (Porters model).Panamore Institute. Jarzabkowski, P. and Kaplan, S., 2015. Strategy tools?in?use: A framework for understanding technologies of rationality in practice.Strategic Management Journal,36(4), pp.537-558. Johnson, G., 2016.Exploring strategy: text and cases. Pearson Education. Mkude, C.G., and Wimmer, M.A., 2015, May. Studying Interdependencies of E-government Challenges in Tanzania along a Pestel Analysis. InECIS. Song, J., Sun, Y. and Jin, L., 2017. PESTEL analysis of the development of the waste-to-energy incineration industry in China.Renewable and Sustainable Energy Reviews,80, pp.276-289. Wind, Y.J., and Hays, C.F., 2016. The Five Forces Driving the Need for Change. Beyond Advertising: Creating Value Through All Customer Touchpoints, pp.5-24.