ORGANIZATION AND IT'S ENVIRONMENT, M3

It includes all the outside factors or influences that impact the operation of business.

WHICH IS NOT PART OF EXTERNAL ENVIRONMENT?

• MICROENVIRONMENT

• MACROENVIRONMENT

• INTERNAL ENVIRONMENT

It provide resources to businesses like raw material, machinery or equipment, etc.

• Supplier

• Customer

• Employee

• Competitors

It is the rivals of businesses that can directly affect business strategies.

• Suppliers

• Customers

• Competitors

• Employees

It is the rivals of businesses that can directly affect business strategies.

• Suppliers

• Customers

• Competitors

• Employees

PEST Analysis means

• POLITICAL, ECONOMIC, STABILITY, TECHNOLOGY

• POLITICAL, ECONOMIC, SOCIAL, TECHNOLOGY

• PHARMACY, ECONOMIC, STABILITY, TECHNOLOGY

These factors pertain to innovations that may affect the operations of the industry and the market favourably or unfavourably.

• POLITICAL

• ECONOMIC

• SOCIAL

• TECHNOLOGICAL

It is under macroenvironment that analyse the framework used in order to evaluate a company’s competitive position and to develop strategic planning.

• PEST ANALYSIS

• PESTEL ANALYSIS

• SWOT ANALYSIS

Using SWOT analysis, what do you think is your Strength, Weaknesses, Opportunities and Threats as a student. Give at least one of each (SWOT) then explain it why.

It is company-specific and includes all the forces and factors inside the organization which affect market operations.