The document discusses analyzing a company's external environment. It describes analyzing the macro environment using PESTEL factors (political, economic, social, technological, environmental, legal) and doing an industry analysis using Porter's Five Forces model to evaluate competitive rivalry and threats from new entrants, substitutes, suppliers and buyers. It provides details on each of Porter's five forces and how to assess their impact on an industry.
An analysis of the external environment is undertaken in order to discover the opportunities and threats that are evolving and that need to be addressed by the organization. A study by Diffenbach (1983) identified a number of positive consequences that stem from carrying out an organized environmental analysis. An analysis of the external environment can be broken down into three key steps, each becoming more specific to the organization. The first step is an analysis of the macro-environmental influences that the organization faces. This is followed by an examination of the competitive (micro) environment the organization operates within. Finally a specific competitive analysis is undertaken.
An analysis of the external environment is undertaken in order to discover the opportunities and threats that are evolving and that need to be addressed by the organization. A study by Diffenbach (1983) identified a number of positive consequences that stem from carrying out an organized environmental analysis. An analysis of the external environment can be broken down into three key steps, each becoming more specific to the organization. The first step is an analysis of the macro-environmental influences that the organization faces. This is followed by an examination of the competitive (micro) environment the organization operates within. Finally a specific competitive analysis is undertaken.
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The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
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As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
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"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
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⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
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[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
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Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
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Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
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6. 3-6
Gathering Information for External
Environmental Analysis
Managers need information in order to know and
develop an understanding about what is
happening in the external environment.
Three approaches to information gathering:
Scanning: general observation of environmental
changes; looking for early signals of changes.
Monitoring: close attention to specific
developments that could affect the organization.
Competitive Intelligence: following actions of
competitors.
12. Macro-environment – PESTEL (3)
Socio-cultural
• Population
demographics.
• Income distribution.
• Lifestyle changes.
• Attitudes to work and
leisure.
• Levels of education.
Technological
• Government spending on
research.
• Government and industry
focus on technological
effort.
• Speed of technology
transfer.
13. Macro-environment – PESTEL (4)
Environmental
• Environmental
protection laws.
• Waste disposal.
• Energy consumption.
Legal
• Competition law.
• Employment law.
• Health and safety.
• Product safety.
14. 14
2. Industry Analysis
Porter’s Model of Industry Competition,
commonly known as “Porter’s Five Forces”
Porter’s Model provides a framework for
analyzing the influence of the forces on the
industry to determine the industry’s profitability
and competitiveness.
17. 17
1. Threat of New Entrants
Fundamental question: how easy is it for
another company to enter the industry?
Factors making easy entry to industry:
Low economies of scale.
Low product differentiation.
Low capital requirements.
No switching costs for buyer.
Easy access to distribution channels.
Little government regulation.
19. 19
2. Supplier Power
Fundamental question: how badly does a
supplier need your business?
Factors giving power to supplier:
Supplier industry dominated by few firms.
Buyer is not important to customer.
Supplier’s product is important input to buyer’s
product.
Supplier’s products have high switching costs.
Supplier can “integrate forward” and become
competitor of buyer.
20. 20
3. Threat of Substitutes
Fundamental question: what other products
or services could perform the same function as
your products or services?
Factors indicating high threat of substitutes:
Few switching costs for buyer.
Price of substitute lower or quality higher than for
your products.
Firms offering substitutes have high profitability.
21. 21
4. Buyer Power
Fundamental questions: How badly does a
buyer need your products or services?
Factors contributing to high buyer power:
Few buyers compared to the number of sellers.
Buyers purchases high relative to seller’s sales.
Products are undifferentiated.
Buyer has low switching costs.
Buyer has low profits.
Buyer can “integrate backward” and supply the
product to itself.
22. 22
5. Competitive Rivalry
Fundamental question: how intense is
competition in the industry?
Factors leading to high competitive rivalry:
Numerous or equally balanced competitors.
High fixed costs.
Slow industry growth.
Lack of differentiation or switching costs.
High strategic stakes.
High exit barriers.