Environmental Scanning
Environmental Scanning 2
Environmental Scanning 3
Environmental Scanning 4
Industry Analysis
100
Natural environment; societal environment and task environment
What are external environmental variables?
100
Trends in interest rates, home sales, oil prices and emerging markets
What is Economic Forces?
100
Important variables in International Societal Environments that include economic development, climate, GDP trends, wage trends and global financial systems
What is Economic?
100
External strategic factor that is used to identify and analyze developments in the external environment
What is issues priority matrix?
100
A group of firms that produces a similar product or service
What is industry?
200
Involves physical resources, wildlife and climate
What is Natural Environment
200
Trends that include portable information devices and electronic networking, alternative energy sources, precision farming, virtual personal assistants, genetically altered organisms, and smart-mobile robots
What are Technological Forces?
200
Important variables in International Societal Environments that include regulations on technology, energy availability/costs, new energy sources and internet availability
What is Technological?
200
Key environmental trends that are judged to have bothe a medium to high probability of occurrence and a medium to high probability of impact on the corporation
What are external startegic factors?
200
Threat of new entrants, rivalry among existing firms, threat of substitue products, bargaining power of buyers and bargaining power of suppliers
What is Porter's 5 forces?
300
Social systems that influence long-term decisions- such as economic forces, technological forces, politcal-legal forces and sociocultural forces
What is Societal Environment?
300
Monitoring trends in the societal and natural environments extra extra
What is STEEP Analysis?
300
Important variables in International Societal Environments that include form of government, tax laws, trade regulations and legal system
What is Political-Legal?
300
Show Priority Matrix Low probability of occurrences and low probable impact on Corporation
What is medium priority?
300
The threat of what to an industry bring new capacity, a desire to gain market share and substantial resources
What are new entrants?
400
Groups that directly affect a corporation and are affected by the corporation such as government, local communities, suppliers, competitors, customers, creditors, unions and special interest groups
What is Task Environment?
400
Trends such as enforcement of US antitrust laws, taxation and labor laws, governmrnt bureaucracy and World Trade Organization
What are Political-Legal Forces?
400
Important variables in International Societal Environments that include customs, norms, values, language, demographics and life style?
What is sociocultural?
400
Show Priority Matrix Medium probability of occurrences and medium probable impact on Corporation
What is Medium Priority?
400
An obstruction that makes it difficult for a company to enter an industry Examples?????
What is entry barrier?
500
An in-depth examination of key factors within a corporation's task environment
What is Industry Analysis?
500
Trends such as demographics, increasing environmental awareness, growing health consciousness, expansing seniors market, impact of Gen Y, declining mass market, changing pace and location of file, changing household composition and increasing diversity of workforce and markets Extra, Extra
What are Sociocultural Forces?
500
What is the important step in environmental scanning Show Diagram
What is analysis of societal environment?
500
Show Priority Matrix High probability of occurrences and medium probable impact on Corporation
What is High Priority?
500
New entrants to an industry bring new capacity, a desire to gain market share and substantial resources
What is rivalry among existing firms?
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