in Strategic Management Chapter 3: The External Assessment Submitted by: Stephanie Rose Capule Melody Ferrer Divine Grace Jasa Claudine Martinez Wendy Pangilinan Mark Angelo Santiago Julma Tumibay Mktg 4-2 Submitted to: Mr. Jamilton Esguerra Chapter Objectives: After studying this chapter‚ you should be able to do the following: 1. Describe how to conduct an external strategic-management audit. 2. Discuss 10 major external forces that affect organizations: economic
Free Milk Dairy Strategic management
Best Buy is a part of a very competitive and popular industry. Best Buy could be placed into many different industries such as entertainment‚ electronics‚ appliances‚ etc. The industry sector of Best Buy’s external environment is made up of several different factors such as competitors‚ competitiveness‚ industry size‚ and other related industries. The factor in the industry sector that has the biggest impact on a business would most likely be the competitors. Although Best Buy may not have direct
Premium Best Buy Marketing Sales
External Environmental Analysis of Starbucks and the Coffee Industry Harold Brown Strategic Management March 3‚ 2011 External Analysis of Starbucks 2 Contents 1.0.0. Executive Summary ...................................................................................................................... 5 2.0.0. Company History ................................................................................................................................ 8 2.1.0. Background ..............
Premium Coffee Starbucks
* The External Analysis examines opportunities and threats that exist in the environment. It shows to management the opportunities to favorable conditions in the environment that could produce rewards for the organization if acted properly. * An organization provides a means of using individual strengths within a group to achieve more than can be accomplished by the aggregate efforts of group members working individually. An organization relates to external analysis because it needs it
Free Firm Management Corporation
External Environment Driving Forces Technology There is currently a variety of wireless networking capabilities that are emerging‚ developing‚ and integrating. The future of these technologies within the telecommunication industry will create better‚ higher-speed‚ and longer-distance capabilities. There are currently three providers for the digital wireless mobile phones service that create the networks via satellite. Global Service for Mobile Communications (GSM) has internationally appeal
Premium Mobile phone Wireless
Analyzing the Industry Environment The business environment consists of all external influences that affect its decisions and performance. These should be analysed systematically and with continuous scanning‚ keeping in mind that it needs to be cost effective and not create too much information. You need to distinguish the vital from the merely important. One can focus on the industry environment for example‚ especially on customers‚ suppliers and competitors. An industries profit comes from
Free Economics Perfect competition Costs
The following SWOT analysis illustrates Electrolux’s internal and external environment to address the company’s current situation‚ for further adaptable use‚ e.g. strategic capability affecting the business’ strategy planning. 1.1 Strengths • Electrolux’s undeniable quality concentrates on sustainability issues‚ for instance‚ the green range products; subsequently‚ the company increases its reliable corporate picture by its thoughtfulness regarding sustainability issues‚ as it may help with other
Premium Strategic management Strategic management Vacuum cleaner
External Environment When most people think of Human Resource Planning‚ the first thing that usually comes to mind is the internal environment of the organization. There is‚ however; the external environment which is just as important. The external environment consists of governmental policies‚ condition of the economy‚ demographics‚ technology‚ international influences‚ competitors‚ and a changing labor force (Greer‚ Peters & Youngblood‚ 1998). Neglecting the external environment can have devastating
Premium Human resources Human resource management Policy
of these revealed itself. The extent of knowledge of the environmental complexity by BHP management was clearly limited. It is evident that the decisions were made on a complex/stable analysis‚ while the changing environmental conditions failed to be taken into account. Most significantly‚ the actual environment itself‚ its geographic instability and rainfall levels were overlooked in the decision-making process. High rainfall levels result in a larger than usual runoff into the OK Tedi River. An
Premium Natural environment Pollution Global warming
External analysis How can a smartphone company use external analysis to gain competitive advantage? 1. Apply 5 forces model for the smartphone industry According to Hill and Jones‚ the five forces model serves the purpose to identify opportunities and threats in the external business environment‚ by analysing “competitive forces” (Hill & Jones‚ 2012‚ p. 42). Once created by Michel E. Porter this particular framework functioned as a useful tool for managers to approach the external analysis
Premium Management Smartphone Strategic management