![]() ![]() ![]() We specialize at providing professional PESTEL analysis & other strategic management MBA resources. What is PESTEL / PEST / STEP Analysis? How you can use PESTEL Analysis for HSBC Holdings Since many firms which began performing traditional services in their market are converging services from several industries, such as banks and credit unions, Jones would be at a disadvantage when it fails to provide the assortment of services its competitors now offer.Definition of PESTEL / PEST / STEP Analysis Having evaluated the firms strengths, weaknesses, opportunities and threats as well as emerging trends in its industry I recommend that Edward Joness initial course of action should be to implement the first alternative align itself competitively with its peers in the marketplace by adding a financial planning component to its existing array of services. This way, financial advisors will have more time to seek new clients, while still being able offer personal face-to-face consultations, when necessary, as opposed to menial, less complex, services that clients could and would do themselves. ![]() Program that reads text for macįor over 30 years, Edward Jones has enjoyed great success in the financial service industry under the same business strategy which imposed stringent internal limits that employees accepted and practiced show more content Alternatively, Edward Jones could tap into one of the prominent emerging technologies, the internet, to make their services more accessible at the clients convenience.įor instance, when a client needs to check the status of their investments, they can just login onto their computer whenever and wherever they please and reserve personal visits for important decision making or transactions. ![]() The company prides itself on its ability to sustain consistency in providing quality and accessible brokers, continuously enhancing the value of its services through face-to-face customer service as well as maintaining long-term relationships with its clients. Jones has to cope with a rapidly evolving industry, which, at least on the surface, is a threat to their strategy.įrom a single independent traveling salesman, Edward Jones has evolved into a multi-national investment firm with branch offices spread across the United States, as well as several expansions in Canada and the United Kingdom. ![]()
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