Other
Sport unit 22 (investigating business in sport and the active leisure industry) notes- business models
- Course
- Institution
Sport unit 22 (investigating business in sport and the active leisure industry) notes- business models
[Show more]
Seller
Follow
Sports
Reviews received
Content preview
Business modelsLearning aim- create a SWOT and PESTLE
What are business models?
These are strategic plans for the operation of business that identify; customer bases,
products to sell, sources of revenue and good financials management.
It can be split up into internal (which the business can control) and external factors (which
the business cannot control).
When business owners put together their business plans, they often use two common
analysis tools, SWOT, and PESTLE.
SWOT analysis
This is used to evaluate a business.
1. Strengths- what does the business offer that is out of the ordinary? (internal)
2. Weaknesses- what does the business require to be successful? (internal)
3. Opportunities- is there an existing or potential new market available? (internal and external)
4. Threats- is local competitors likely to have a threat? (external)
The analysis should help a business owner understand the demands placed on the business,
the environment in which it completes within, and the strength and weaknesses compared
to the competition.
Strengths
Weaknesses
Opportunity
Threats
PESTLE analysis
Politics
Economic
Social
Technology
Legal
Environmental
P- political; government funding for sport, business grants and loans, Brexit, COVID, taxes
E- economic; growth of the economy, interest rates, recession, exchange rates
S- social; the population culture, demographic or approach to business, type of customers
T- technological; technology incentives and innovation, social media, apps
L- legal; legislations and legal frameworks, safeguarding, risk assessments
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Sports. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $4.04. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77764 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now