Report of business analysis Essay Example | Topics and Well Written Essays - 5000 words

Report of business analysis - Essay ExampleAccording to Kanter (1995) such an action will not constitute an adequate response. This is so because success is based on an judicatures ability to create, rather than predict the future by developing those products that will literally render the way the world thinks and view it self and the needs (Kanter 199571).Within the context of todays world(prenominal) competition, businesses and firms no-longer compete as individual companies but try to corporate with other businesses in their activities (Wu & Chien 20072). These researchers went further to debate that, this strategy has become rather common in many businesses including the retail chain stores. The conventional upright piano integrated company based business model is gradually being replaced by collaborative affinity between many fragmented, but complementary and specialized value stars and constellation (Wu & Chien 1).In todays global business environment it is no longer su fficient simply to meet customers demand as time quality and cost have become change magnitudely important in the phase of increasing competition (Petts 1997551).According to Higgins (19982), customers dont always know what they need or even that at that place is a problem to be solved. Success awaits those companies that recognize the fact that, to be successful and satisfy customers, it is oft necessary to lead customers into recognizing these needs (Higgins 19982-3).Against this background, this paper focuses on the United Kingdom (UK) retail industry apply certain analytical models such as the five forces, the PESTLE framework and the SWOT analysis. Focusing on this sector has a number of important advantages. Firstly, government regulations and control in this sector are quite strict. In addition, the retail sector represents one of the principal sectors of the UK economy, having one of the biggest employer and biggest multinational in the