General External Environment Analysis Essay

Words: 2046
Pages: 9
Open Document
THE GENERAL EXTERNAL ENVIRONMENT
- Laka Muralidharan

General external environment is composed of dimensions in the broader society that influence an industry and the firms within it. These dimensions can be can be grouped into the following six environmental segments: demographic, economic, political/legal, sociocultural, technological and global segments.

1) Demographic segment
China and India account for 1/3rd of the population and experts believe that they will remain the top two populous countries at least until 2050. China and India would contribute 65 million and 142 million new workers respectively to the global workforce by the year 2020. Both countries offer large, educated, relatively low-cost workforces, and as …show more content…
Sociocultural segments differ across countries. A study in 15 countries indicated that retirement planning in the US starts earlier than in other countries – since in Western Europe the social security and pension income provide a much higher percentage of income in retirement. . As the labor force has increased, it also has become more diverse as significantly more women and minorities from a variety of cultures entered the labor force. This trend is becoming prevalent even in developing countries as well and is changing the culture and day-to-day activities surrounding women in countries like India and China. Women in the middle-east (Iran, Iraq, and Saudi-Arabia) are also stepping forward and choosing to have a professional life of their own. This trend will continue in the future and women will eventually have equal rights as men in all the countries in the world.

Another manifestation of changing attitudes toward work is the continuing growth of contingency workers (part-time, temporary and contractors) throughout the global economy. Contributing to this growth are corporate restructuring and downsizing that occur in poor economic conditions. Some companies move their resources, within the US, to a smaller city where the cost is lower. This leads to a trend in the continued growth of suburban communities in the US and abroad. Longer commute to urban businesses, increase
Show More

Related Documents: General External Environment Analysis Essay

A Brief Note On Strategy And Competition

Session 2 External Analysis Pouya Seifzadeh Fall 2013 1 External Environment: General, Industry and Competitor • Three External Environments include: – General – Industry – Competitor 2 External Environment: General, Industry and Competitor (Cont’d) • The General Environment – The broader society dimensions that influence an industry and the firms within it – Grouped into 7 dimensions OR ‘environmental segments’ Each segment composed of elements 3 The External Environment…

Words 664 - Pages 3

What Are The Major Features Of An Industry And The Forces That Affect Industry Profitability?

COMM 401 External Environment Jan.15, 2015 Today’s Agenda • Why is it important to understand the external environment for strategy and firm performance? • What are the critical elements of external Environment: the general, industry, competitor environment • What are the major features of an industry and the forces that affect industry profitability? The external Environment of the Organization General/Macro Environment Industry Environment Strategic Group (Competitor Environment) The Organization…

Words 524 - Pages 3

Chapter 1 Notes 1 Essay

internal and external environments,  Establish strategic direction,  Create strategies that are intended to move the organization in that direction, and  Implement those strategies  All in an effort to satisfy key stakeholders 3 Three Perspectives  Traditional Perspective  Origin  Economics, other business disciplines, and consulting firms  View of Firm  An economic entity  Approach to Strategy Formulation  Situation analysis of internal and external environments leading to formulation of mission and strategies…

Words 1100 - Pages 5

Exam: Marketing and Situation Analysis Essay

fulfil customer’s needs. Understanding also that the various elements of marketing process is to create value for targeting customers, positioning products or a company, monitoring the market environment which is internal(talking about strengths, weakness, opportunities, threats) and the external environment. Let explain each concept and process clearly in the following paragraph. LO1 Understand the concepts and process of marketing Understanding the concept and process of marketing is define…

Words 312 - Pages 2

SM assignment Essay

emerging in the wider general external environment of an organization. This paper will focus on what is a rapid, volatile, discontinuous change, how it impacts a firm, and how to assess the impacts. At last, a case discussion will be shown to analysis how CEOs should respond this change appropriately. Introduction Turbulence happened in the digital age, which have great impact on an organization. A PESTEL model used in strategic analysis to identify the external environment in order to guide the…

Words 1148 - Pages 5

Essay about EXECUTIVE SUMMARY R1

food. External analysis for Luby’s is analyzed to gain better knowledge of the environment of the business and it competitors. 2.0 EXTERNAL ANALYSIS For the external analysis several factors will be evaluated these are the general environment and the general restaurant industry. These factors include demographic, economic, political, socio-cultural, technological, and global competitiveness. This analysis will help any business in long-term competitiveness with its rivals. 2.1.0 General Environmental…

Words 1609 - Pages 7

PBA Internal Analysis II Essay

INTERNAL ANALYSIS Strategic case method 1. Prepare strategic profile 2. Strategic analysis Internal External Value chain Industry profile VRIO Porter’s five forces Core competencies Strategic groups Financial analysis Competitor profiles 3. Identify strategic issues 4. Craft & evaluate strategic options 5. Prepare action plans for recommended strategy 2 The Key Points 0 value-creation inside an organisation 1 Resource-based View: tangible and intangible resources, capabilities, and how…

Words 1487 - Pages 6

Hilton: General Motors and New Venture Essays

Introducing to General Motors General Motors would probably be considered as the leader of designing, producing, and selling the world’s best vehicles (Gm.com, 2014). As a result of the leadership, they set the high standard for the company, as well as provide customers with the best cars, trucks, and SUVs. They also have the commitment of organization that they “deliver vehicles with compelling designs, flawless quality and reliability, and leading safety, fuel economy and infotainment features”…

Words 1990 - Pages 8

Report 1 Essay

1. Introduction This project is one of three reports I will complete as part of the strategic analysis of Boeing. This report will illustrate three primary sections of a strategic nalysis. The major concepts will be defined, and then applied to Boeing in order to fully consider its competitive advantage standpoint in the airplane crafting industry. An analysis of Boeing will be given in addition to an evaluation to determine a probable solution to a problem the company is facing. 2. Concepts…

Words 2100 - Pages 9

39 ToysRUs Essay

augment discussions of strategic analysis, specifically both internal and external environmental analysis (Chapters 2 & 3 in Dess, Lumpkin & Eisner); and strategic formulation, at both the business strategy (Chapter 5), and corporate strategy (Chapter 6) level. The case is also useful to discuss integration of environmental analysis and strategy formulation in an e-business offering (Chapter 8). In terms of environmental analysis, this case connects a discussion of external environmental forces and Porter’s…

Words 3854 - Pages 16