It is very critical for organization to understand the importance of external environment, which includes remote, operating and industrial environments before developing its future objective. Each environment bases on different factors, therefore the analysis of external environment will help the company seeks for new opportunity in many areas as well as discovering challenges that might have direct impact to the organization in the future. The remote environment consists of the study of the economic trend such as the level of disposable income, inflation rate and prime rate, the study of social factors such as life style of consumers. The political factor also plays an important role in external environment. Political factor focuses …show more content…
Sprint realized these predicted changes; the company has long term plans and objectives to support consumers ' needs. For instance, Sprint has set a joint ventures agreement with various cable companies to provide TV services for customers anywhere and anytime. For this, Sprint has also started improving its network infrastructure to include high speed data services in order to support enormous data applications.
The ultimate goal of every wireless company is to minimize its coverage-hole area, which can be done by adding more cell tower. However, the major challenge is to deal with the political factor zoning. In the area where residences of the community are eager to preserve land and historical values is most likely very difficult for Sprint to place its cell tower equipment. In the next five years, zoning will be even more difficult for Sprint to fill-in those coverage holes. Sprint has long term strategy to face with this unavoidable challenge. The company expects to spend more time and money in constructing visual-friendly stealth structures, i.e. stealth trees and vaulted equipment underground.
Cellular network consisted of 2 parts, cell tower or base station and mobile phone. Industry environment of the cell tower part is considered "Supplier Power" due to the limitation of equipment manufacturers. For instance, Sprint only utilizes a few cell tower suppliers Lucent, Motorola, and Nortel, where these suppliers also produce equipment
External and internal environmental analysis is a critical component for an organization seeking to achieve its goals. The follow information within this paper presents a complete external environmental and an internal competitive environmental scan for JetBlue Airways. The information provided identifies and analyzes the most important external environmental factor in the remote, industry, and external operating environments. When addressing external environment it speaks to a set of forces and conditions outside the organization that can influence its performance. The most common forces include political, economic, social,
The main purpose of this paper is through the company 's external and internal environment analysis to evaluate the company in the industry and future developments. Assess the external environment mainly through PESTLE Analysis and Porter 's 5 Forces. Strategic Recourses & Capability Analysis for internal environmental assessment is conducted. Finally, the company somehow SWOT analysis, concluded ••••
When manipulating a business’s strategy, it is important to focus on the external factors in the environment. An external analysis is where a business conducts environmental scanning that present a company with the key external forces influencing the organization. The facets of external forces examined are the business environment, remote environment, or the competitive environment. A business environment is all of the external factors in the general environment that a firm cannot control, but can affect their strategy. The remote environment is the forces that affect most firms. Lastly, a competitive environment is the firm’s specific industry and its entirety. The external analysis is pertinent to a company called Dick’s Drive- In; without it, Dick’s would not be a thriving popular business today.
The future of the telecommunication industry is an exciting future. No longer can these companies depend on telephone service plans to maintain profit. Each company needs to find other avenues, packages and services that can be sold to existing customers while attracting new customers. The companies
AT&T has optimized these organizational resources for effectiveness and efficiency. AT&T is on the right track for success. By having the mentality that happy employees make the company more profitable and by making sure that they are always offering the newest technology advanced products and services. AT&T also has very unique ways of acquiring new customers. AT&T offers a great deal incentives to get new customers to try out the products and services. The company’s marketing department comes out with new rebates and discounts for all new customers. By doing this, the company keeps expanding.
As such, The particular consideration in the advertising plus the imagination in the general public include grabbed by it. During the last few years,Cell phone devices have received dramatical increase as well as there are at present close to a pair of billion dollars usersworld-wide. Indeed, in many formulated countries, cellular phones are getting to be an essential company deviceas well as a part of everyday life, as well as in many creating countries, cellular phones tend to be easily supplantingantiquated wireline
Previously, you read about the industry analysis of the beer, wine and liquor industry and the five forces that affect a firm’s ability to serve consumers and turn a profit. Next, successful companies must recognize and respond to the major forces affecting our macro environment, for example; stock market decline, increase in unemployment and global warming. Companies must now consider several external environmental forces while running their business, in particular, demographics, economics, social, natural, technological and political.
In today’s telecommunication market there is a lot of competition by industry giants such as Sprint,
Andy Rubin's Android startup, Essential, declared its initially phone not long ago. No subtle elements on transporter organizations were accessible at the time, yet Essential guaranteed to give more data in front of the dispatch. Presently, the organization has declared Sprint, and just Sprint, will be the bearer accomplice for the Essential Phone.
External environment refers to external aspects of the surroundings of business enterprise, which have influence on the functioning of business. The external environment can provide both facilitating and inhibiting influences on organizational performance. Key dimension of the external environment principally consists of a micro environment and a macro environment.
In a $35 billion deal, Sprint Nextel prides itself on being able to provide innovative services and technology to a wide range of consumers, business associates, and government officials. Although Mr. Forsee has said, “This merger positions Sprint Nextel for greater success than either company could have achieved alone," there are many obstacles that Sprint Nextel must overcome in order to become the leading cell phone network provider. First, one must examine the problems with Sprint and Nextel before the merger.
A businesses environment creates many opportunities as well as problems for prospering businesses. The environment determines what a business can do by shaping and channeling its development. Businesses function within an environment by allowing entrepreneurs to raise capital and create profits freely. The supply of money available within a business as well as the economic stability through times of growth and recession have strong effects on businesses. Not only is the physical environment, including natural resources, pollution and energy as discussed previously, important, but many other
External environment is quite important for the any company, because it creates the conditions that the organization need to run the business in. In order to develop company strategy successfully, the external environment need to be analyzed properly. One of the best techniques to do that is Five Porter’s Forces analysis.
The internal environment analysis focuses on current marketing strategy and performance, present and anticipated organizational resources, current and projected cultural and structural issues, and the customer environment. On the other hand, the external environment addressed competition, economic growth and stability, political trends, Legal and Regulatory Issues, technological advancements, sociocultural trends, and the SWOT analysis.
An analysis of the external environment includes the factors in a business’s external environment about a business's industry, competition, and political and social environments, and affects the firm’s strategy (Aaker, 2001).