SIR NECOR PPT 1

it refers to an in-depth examination of key factors that influence the business operations of a corporation.

Environmental scanning

It includes physical resources, wildlife, and climate that are an inherent part of existence on Earth.

Natural environment.

It is mankind’s social system that includes general forces that do not directly affect the short-run activities of the organization but can influence its long-term decisions.

Societal environment

These regulate the exchange of materials, money, energy, and information.

Economic forces.

These generate problem-solving inventions.

Technological forces.

These allocate power and constrain and protect laws and regulations.

Political-legal forces.

These regulate the values, morals, and customs of society.

Sociocultural forces.

It includes elements or groups that directly affect a corporation.

Task environment.

it is a group of firms that produces a similar product or service.

industry

It is a framework used to evaluate a company's competitive position.

SWOT Matrix.

These are the internal areas where an organization excels and factors which separate an organization from its competitors.

Strengths.

These are the internal areas that hinder an organization from performing at its optimum level.

Weaknesses.

These are favorable external factors that could give an organization a competitive advantage

Opportunities.

These are the factors that may pose potential harm to an organization.

Threats.

It is a tool used to identify the external forces that may affect an organization positively and negatively.

PESTEL Analysis.

These factors determine the impact of government and government policy on a particular organization or a specific industry.

Political.

These factors determine the impact of the economy and its performance, to an organization and its profitability.

Economic.

These factors determine the impact of social environment and emerging trends to business profitability of an organization.

Social.

These factors determine the impact of technological innovation and development on a particular market or industry

Technological. .

These factors determine the influence of the surrounding environment and the impact of ecological aspects to a market or industry.

Environmental.

These factors determine the importance of understanding legal laws and procedures on a given territory where a business operates

Legal.

It is developed as a framework for assessing and evaluating the competitive strength and position of a business organization.

Porter's Five (5) Forces.

This force analyzes how suppliers can easily influence price increases.

Supplier power.

This force analyzes how buyers can easily influence price decreases.

Buyer power.

. This force examines the intensity of competition in the market place.

Competitive rivalry

This force is threatening when buyers can easily find substitute products with attractive prices or better quality, and when buyers can switch from one product or service to another with little cost.

Threat of substitution.

This force determines how easy or difficult it is to enter a particular industry.

Threat of new entrants.

The business ecosystem is demonstrated by a network

Ecosystem Assessment Tool.

These are the people or parties that buy products and services of an organization

Customers. .

These are the parties that provide the resources needed to produce or sell finished products or services

Suppliers.

These are the parties that fight over the market share of an organization by offering similar products or services and targeting similar customers. However, companies often view competition way too narrow, thereby failing to foresee upcoming threats

Competitors.

These are the organizations that offer complementary or harmonizing products or services that could work well together with a company’s products to make the end result more attractive to consumers

Complementors.

The term "ecosystem" is derived from the concept of the ___ in the environment.

biological system

The term "___" is derived from the concept of the biological system in the environment.

ecosystem