Knowing the external environment around an organization is as important as knowing the organization itself.
Evaluate an organization.
Respond to the following:
Identify the three most important elements of the general environment that impact your organization.
Identify the three most important elements of the industry environment that impact your organization.
How do these environmental elements relate to the five forces of competition?
Organisation Chosen by me is Apple Inc.
1) Identify the three most important elements of the general environment that impact your organization.
The three most important elements of the general environment that impact my organization are social, economic and technological factors. Taking into consideration the ever-changing needs and requirements of the people and purchasing power of the audience products are developed. Also, the organisation has to update itself with the latest technology to be competitive in the market place. Social factors are selected because they have a major impact on consumer behavior, preferences and needs. ...
Discusses how general environment and industry environment are strongly related in Apple Inc. 375 words including a reference.
External Environment Analysis
Please read the Blockbuster case, case pages 71-83 in your textbook.
Please address the following issues:
1. Complete an external environment analysis of Blockbuster, including an industry and competitor analysis.
2. Complete a competitive rivalry analysis of Netflix. Provide specific recommendations as to how Blockbuster should competitively respond.
3. Identify the key problems Blockbuster is having with achieving success with its recent acquisition of Movielink. Provide specific recommendations on how Blockbuster should rectify these problems.View Full Posting Details