We will now consider the three approaches to internal analysis....
This audit reviews the resources of an organization for the purpose of assessing the inherent strengths of those resources. ....
Examples of firms with strong strength which pertain to the internal environment are many.....
Lawrence R. Jauch and William F. Gleuck define Internal analysis and Internal diagnosis in following words:....
Glueck Suggests three major search techniques for environmental scanning.....
One way to identify and analyze developments in the external environment is to use the issues priority matrix (Figure 8-1) as follows:....
By the very principle of its operation, industry never reaches a point of equilibrium. ....
Geographical and ecological factors, such as natural resources endowments, weather and climatic conditions, topographical factors, location aspects in....
The various forces in political and legal environment direct and restrict business decision-making.....
The various forces of economic environment can be explained as follows.....
Technology is knowledge to create new things. Mangers need technology to design, produce, distribute and sell goods and services. ....
Now, we will examine the various factors in the macro environment and identify the type of impact they make on business organizations.....
The total environment can be classified into two broad categories....
Business organizations operate in a turbulent environment and the changes in the environment impacts business. ....
Functional strategies which are short-term game plans for the key functional areas are the means to accomplish the annual plans.....
The role of SBU level executive is very important to strategic management since each product-market segment has a unique strategy. ....
The need for having the right structure for implementation of strategy need not be over emphasized. Cost. The structural character-istics of specializ....
The decision-making hierarchy of business firms typically con-tains three levels as shown in Figure 4.2 ....