Analysis of the External Environment of Business

I believe that the extent and nature of my external environment played a significant role in the determination of my behavior. I will offer the following arguments to justify how environmental factors impacted my behavior. (1) The environment influenced my access to information. (2) The environment provided a framework of rewards and penalties for my actions. (3) My religion also provided a set of accepted practices and beliefs. (4) My social interaction with peers, tutors, and relatives further altered my perception of facts, theories, and phenomena. (5) Lessons from successful individuals in society also offered lessons and insights on ideal behavior. Through the integration of the identified factors I was consciously or subconsciously

This environmental analysis will provide a complete external environmental scan designed to provide RoyalBlu Invites with the tools needed to identify the organizations strength and weaknesses. Furthermore, including an assessment of the company resources. This analysis will assess the organization competitive position and possibilities of growth. An explanation of how the external environment affects RoyalBlu Invites structure and organizational performance.

The external environment is crucial to any company or organization because it allows management to see and understand things outside of their daily routine. The societal environment might focuses on the influence the external environment might have on the company’s strategy. In the long run, it might be beneficial or perhaps unfavorable. The general five forces are economic, technological, political-legal sociocultural, and demographic forces.

And in this amalgam of rapid technologic evolution, there are some specific parties which are not taken by surprise, but which embrace all changes and look forward to each innovation and advancement. These particular parties are the ones for whom technologic advancement is the true advantage and for whom it would cerate competitive advantages.

It has a division organization structure in each industry that it operates viz. agriculture, construction, forestry, turf care, parts, power system, and financial services. Due to its expansion policy, it follows a global operating model wherein it has a global platform service organization structure at the broad level. This report discusses the advantages and disadvantages of the management structure, quality of the board members and the shareholder pattern followed by the organization. The human resource, which is the key element in the fast paced progress of the organization, suggest care and nurture of all the stakeholder viz. employees, suppliers, dealers, and business partners. The Company has a long standing in the industry and hence has a strong brand recognition that suggests reliability, approachability and efficiency in its products and services. The report analyses its value chain and uses Michael Porters five forces to understand its standing in the farm economy as well as in other heavy machinery industry. Finally, the Company has performed well even during recession in the past and current declining farm economy. Although it shows a fall in its net revenue, there has been considerable investment in the past year. Overall, it has impacted the farm economy and aided in the industrialization of many developing countries world over.

According to Nickels, McHugh, & McHugh (2016) “The business environment consists of the surrounding factors that either help or hinder the development of businesses” (p.12). This can only happen if the factors surrounding the environment are taken into consideration. The environmental factors, in general, are divided into two main groups, Task and General. (Bourgeoi, 1980). The global or general external business environment is more concerned with the long-term and can cause an only indirect effect on the organization. It usually is composed of technological, social, competitive, economic, and legal factors that can affect the business operations and performance. (Nickels, McHugh, & McHugh, 2016).

Analyzing the External environment is important in the strategic decision making for the organization in that these factors will affect the company’s choice of direction and its internal processes. There are two specific categories of the external environment factors that will be discussed, the remote environment and the industry environment. The remote environmental factors important to the success of the organization are the economic, political, technological factors. In order to create their strategic action plan, the company must also have a clear understanding of its competitive forces included in the industry environmental factors. The factors the company must look at are the entry barriers

Big 5 Sporting Goods (Big 5) has operated within the sporting goods industry, predominantly in the western United States, for over 50 years (Hoovers, 2013). To understand the organizational structure and strategic path chosen by Big 5, it is critical to analyze various factors found within its external and internal environments. Big 5’s external environment includes remote, industry, and operating factors whereas the internal environment includes human capital resources and organizational structure factors. Ultimately these external and internal environmental factors provide opportunities and threats that help to develop and alter generic and grand strategies to meet Big

Technological advances in the internet arena have come on rapidly and with a vengeance. As more people are learning the true capabilities of such a monster, more and more businesses are finding ways to harness the technology and use it to their advantage. As with anything there can be issues that arise, wires get crosses and people get angry. Today’s technology will ultimately set the stage for tomorrow’s business model.

Over several decades, there are several forces and rapid change in worldwide businesses which have been driven companies around the world attempting to survive in this uncontrollable changing.

An organization 's external environment has three components: the remote environment, the industry environment, and the operating environment. The Remote environment is made up of economic, political, social, technological, and ecological factors. The industry environment is made up of entry barriers, supplier power, buyer power, substitute availability, and competitive rivalry. The operating environment is made up of competitors, customers, labor, and suppliers.

This report was to Joel Haire, who is the Master of Marketing convenor of Sales Management in Swinburne. The report is focus on sales strategy, implementation and operating plan for Foster’s Group Limited, which is one of the Australian largest alcohol companies. It was written by four Swinburne students, who are Master of Marketing, Diego, Desmond, Gemala, and Jie. The purpose of the report is to design a sales strategy for Forster’s Group on beer destination division in Australia so that improve Foster’s sale revenue and volume. In the report, we mainly focused on sales team of Foster, not too much about the marketing part.

Nature of doing business, over a period of time has changed with the development in the information technology. It was believed that the reduced cost of transactions done electronically will lead to decrease or disappearance of the traditional intermediaries which will reflect a change

Internet has become an important staple of the world economy. From shopping to news to how businesses operate is has impacted many businesses from many different parts of the world. However, the internet wasn’t something that just came out of nowhere. The internet has origins and evolution that have made the internet as big and as useful as it is today.

Business environment can classifies in two categories that are internal environment and external environment. Internal factors close to the company that have a direct impact on the organizations strategy, these factors include employee, customer,