The External and Internal Enviroments
13 important questions on The External and Internal Enviroments
What is the external enviroment?
What is the competitive enviroment?
When is competition the most intense?
- When there are many direct competitors
- When the industry growth is slow
- Product / Service is not easily differentiated
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What are barriers for New Entrants?
- conditions that prevent new companies from entering an industry
- capital requirements, restrictive distribution channels
What is the difference between Final Customers and Intermediate Customers?
What is Environmental Uncertainty? And what does it consist of?
What are the 5 types of Environmental Analysis?
- Environmental Scanning
- Competitive Intelligence
- Scenario Development
- Forecasting
- Benchmarking
What is Enviromental Scanning?
What is Scenario Development?
In what ways can you change the Environment you are in?
- Strategic maneuvering
- Domain selection
- Diversification
- Mergers
- Acquisitions
- Divestiture
- Prospectors
- Defenders
What is Strategic Maneuvering?
What is Domain selection?
What is the Organizational Culture?
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