Hi i need help with paraphrasing! I need the following two small tables to be paraphrased. That's all :D in the same format

  1. PESTEL analysis:

Definition

Identify/Reason

Strategy

Political

These factors verify the extent to that a government might influence the economy or a precise trade.

Fall of Berlin Wall.

Millions of Eastern Europeans eager to get their hands on Western Products

Boost In Demand

Lego should properly forecast the demand and preferences of new customer population.

Plan and produce according to forecasts and customer preferences in order capture the potential business and be benefitted from the opportunity

Economical

These factors are determinants of associate degree economy’s performance that directly impacts a corporation and have ringing long run effects.

Toymakers increasingly shifting their production to Asia where the labor is inexpensive

Due to declining birth rate in core markets house hold spending on toys declined and hence the profit pool shrunk.

Due to its in house production, Lego is bearing higher production costs than the industry. Lego should focus on outsourcing their production functions to some Asian country where cheaper resource like labor are available. In this way Lego will be able to cut costs and maximize profits.

Social

These factors scrutinize the social setting of the market, and gauge determinants like cultural trends, demographics, and population analytics.

Children have more after school activities and less unscheduled time to play than in the past

Children have given up traditional toys for video games

Birth rates in the core markets of LEGO (Western Europe and North America) Declined

As the social trends are favoring tech toys, Lego should focus on producing tech embedded toys to capture the business.

Considering the children having short time to play, Lego should focus on producing toys that take less time to setup and provide more time to enjoy the end leisure

Lego should diversify in those countries that shows growth in birth rate.

Technological

These factors pertain to innovations in technology which will have an effect on the operations of the trade and therefore the market favorably or unfavorably

Shift from traditional toys to video games

Demand shifted to toys coming with technology inside them or in the form of toys coming with access codes to online worlds

Collaboration with MIT lab on robots

Product life cycle is declining, Lego should shift its focus on technology that should produce products with short life cycle, high value in a low cost

Produce Tech Embedded toys

Provide access to extra tech toy solutions along with basic Lego Product, like access to online video game

Environmental

These factors embody all those who influence or are determined by the encompassing setting.

LEGO’s basic raw material in making its Blocks.

Plastic is dangerous for health of our environment

Ban on plastic by various countries can significantly affect business of LEGO

Lego should shift its focus from reliance on plastic, and look for other ecofriendly and sustainable strategic solution that they can use a raw material for their production

Legal

These factors have each external and internal sides. There are sure laws that have an effect on the business setting during sure country whereas there are sure policies that firms maintain for themselves. So that they incorporate each of those sides.

Licensing of Brands

Safety of right to intellectual property

Theft of intellectual property is a problem for Lego. Lego should enter into proper legal licensing agreement before introducing any brand theme based toy like Star wars.

  1. Porter’s Five Forces Analysis

Forces

Who they are

Level of Threat/Bargaining Power

Reason

Strategy

Threat of New Entrants

Potential entrepreneur aspiring to enter into toy industry and be new competitor

Low

Initial Capital investment is very high

Existence of strong competitors with strong brand image in the market

Products are differentiated

Maintain quality and brand image

Stay competitive

Bargaining Power of Customers

People who buy products of LEGO

Retailers (Walmart)

High

Many substitutes in the market

Chinese Imitated products available in the global market

Retailers have high bargaining power over ordering and displaying the product

Patents and licensing

Bargaining Power of suppliers

Raw Material Supplier

Chinese subcontractors

Licensing

High

It is high because they are licensing the products so the one who they are giving them licenses they can switch to other toy makers because of high rivalry in toy manufacturing industry.

They should diversify in getting licenses from different businesses and make good relationship with them.

Threat of Substitutes

High

Video games

Preference changes

Tech embedded toys

Intensity of Rivalry

Low as a brick toy manufacturer

High as a toy manufacturer in general

In Brick toy market competitors are, Best-Lock from Hong Kong and Mega Brands from Canada, they compete with Lego on cost, but they are comparatively small and very least known brands so they don’t create strong rivalry

In the toy industry as a whole, there is major competition. Big names like Mattel and Hasbro lead the industry so rivalry in the industry is very high

Slowly growing market

High exit barriers

High costs associated with going out of the business

Improve the cost structure and focus on cost cutting

Focus on overall quality of the product to maintain the brand image in order to compete successfully with other brands

Continuous improvement and continuous innovation is the key to success.