Internal And External Environment And Environment Scanning
EXTERNAL ENVIRONMENT
All the relevant forces outside the firm’s boundaries are “External Environment”. Managers need to have information about the external environment to predict future.
WRITE THIS ESSAY FOR ME
Tell us about your assignment and we will find the best writer for your paper.
Get Help Now!External Environment can be classified in two broad categories:
1. Macro Environment
2. Competitive Environment
The forces that comprise the Macro Environment are as under:
a. Law & regulation / Politics
Governments can affect business opportunities in terms of the specific tax laws, economic policies, the import export laws, etc.
b. Economy
Economic conditions change over time. The analysis of the economic conditions of a country is not an isolated process; managers need to look into the economies of other countries, budget deficits, economic growth, stock exchange, etc.
c. Technology
Technological advancement puts a stiff pressure on the firms competing in the globalize business environment. Due to the advancement in MIS the firms have readily available date, just a click away. Telecommunication have greatly reduces the meeting/conference times from days into hours.
d. Demographics
Comprise the facts regarding the characteristics of the people. They may be divided into different Workgroups, Societies & Countries & further categorized into age, gender, family size, education & occupation.
e. Social Issues & Natural Environment
Help managers to envisage how people thing & behave. We see the impacts in terms of:
– Workforce (Child care, flexible work hours, parental leave etc.)
– Corporate social actions (Social welfare schemes, spending on anti smoking complains by tobacco companies, etc.)
– Product & market (How to position the product? & how the market will react towards the prod………………. …
Our group of highly qualified and skilled writers is ready to help you with a similar paper within a specified deadline. Just click ORDER NOW and provide us with your assignment details, contact information and make payments. You will get periodic updates on order progress in your email.
Introducing our Online Essay Writing Services Agency, where you can confidently place orders for a wide range of academic assignments. Our reputable homework writing company specializes in crafting essays, term papers, research papers, capstone projects, movie reviews, presentations, annotated bibliographies, reaction papers, research proposals, discussions, and various other assignments. Rest assured, our content is guaranteed to be 100% original, as every piece is meticulously written from scratch. Say goodbye to concerns about plagiarism and trust us to deliver authentic and high-quality work.
WRITE MY ESSAY NOW
