Analysis of the external environment of a business essay

Significantly reduces use of fossil fuels farm machines and transport of crops Makes use of abandoned or unused properties No weather related crop failures Offers the possibility of sustainability for urban centers Converts black and gray water to drinking water Adds energy back to the grid via methane generation Creates new urban employment opportunities Reduces the risk of infection from agents transmitted at the agricultural interface Returns farmland to nature, helping to restore ecosystem functions and services Controls vermin by using restaurant waste for methane generation No-cost restoration of ecosystems: The best reason to consider converting most food production to vertical farming is the promise of restoring ecosystem services and functions This belief stems, in part, from numerous anecdotal observations as to the current biological state of some territories that were once severely damaged either by now-extinct civilizations or over-farming, and, in part, from data derived from National Science Foundation-sponsored long-term ecological research program LTERbegun inon a wide variety of fragmented ecosystems purposely set aside subsequent to an extended period of encroachment The following case studies will serve to illustrate these points.

Analysis of the external environment of a business essay

Strategic Plan Part 2: Internal Environmental Analysis - Superb Essay Writers

Get Full Essay Get access to this section to get all help you need with your essay and educational issues. However, the business does not exist in a vacuum, it exists within an external environment involving the actions of other players who are outside the business. It is very important that an organisation considers its environment before beginning the marketing process, as the business environment affects organisational decisions, strategies, processes and performance.

In examining the business external environment we must take in to account that there are two levels of environment. The immediate or operational environment; for most firms includes suppliers, competitors, labour markets, financial institutions and costumers, and may include trade organisations, trade unions and a parent company.

On the other hand the general or contextual environment consists of the macro economical factors such as political, economical, socio-cultural, technological, legal and ethical influences on a business also known as PEST or PESTLE analysis, which affect a wide variety of businesses not only from a local or national aspect but also from the international and supranational developments.

The political environment has a huge influence upon the regulation of businesses and the spending power of consumers and other businesses. You must consider issues such as: All businesses are affected by economical factors nationally and globally.

Interest rate policy and fiscal policy will have to be set accordingly. Within the United Kingdom the climate of the economy dictates how consumer may behave within society. Marketers also need to consider the state of a trading economy in the short and long-terms.

This is especially true when planning for international marketing. You will need to look at: The social and cultural influences on a business vary from country to country.

It is very important that such factors are considered. Technology is vital for competitive advantage, and is a major driver of globalisation. Points to be considered are: In my essay I will focus my study in to the technological influences in the industry of electrical retail and discuss how these technological influences effect the industry and how other factors of the PEST analysis interlink with the technological factor and affect the industry.

Changes in technology is changing the way business operates. There have been massive changes in the technology in the past ten years. Investment in technology and innovation is frequently seen as a key to the success of an enterprise and has been used to explain differences in the relative competitiveness of different countries.

Technological changes leads to: The technological factor has a big influence on the electrical retail industry. I believe the major technological influences in the electrical retail industry is the innovation of information technology.

The development of information technology have had the effect of transforming existing business activities as well as creating entirely new ones. This has encouraged the development of computers, laptops, mobiles etc which are one of the most popular products in demand in the electrical retail industry and have the biggest affect on any business as well as the electrical retail industry in the way products are distributed, marketing and advertising for products and the invention of new products and making old products more profitable.

Analysis of the external environment of a business essay

There are many effects of information technology on different functions carried out by any business as well as the electrical retail industry for instances the administration of businesses, as most businesses have computer systems therefore all records have become computerized. Communication and mobility has been eased by the development of fax machines, e-mail, video conferencing, mobiles, laptops enabling people to work from anywhere.

This has encouraged the production of mobiles, laptops, cameras, fax machines computers and many other products in the electrical retail industry.

Production of the goods has also been improved through the development of CAD computer aided design which has helped shorten the design and planning phase and shorten the life cycle of the product. It has also improved the design and quality of the many products.

The computerization of stock control has also had a huge implications of storage requirements of firms. Development of electronic fund transfer has become very popular since the past few years.

As most retail store accept credit cards and switch cards. It had made transactions more simple as the funds are transferred straight from the bank account to the store.

The potential for Internet is enormous. Internet is having a profound impact on the marketing mix strategy of organisations.

Consumers can now shop 24 hours a day comfortably from their homes. The challenge these organisation faces is to ensure that they can deliver on their promise. This technological revolution means a faster exchange of information beneficial for businesses as they can react quickly to changes within their operating environment.

Most of these technological changes have occurred through the process research and development.It is the culmination of much internal analysis and external research.

Thinking about the outcome, one can define SWOT analysis as the extent to which a firm’s current strategy, strengths and weaknesses are relevant to the business.

Business Environment Of Oman Air Essay. A+. Pages:6 Words This is just a sample. To get a unique essay We will write a custom essay sample on Business Environment Of Oman Air specifically for you for only $16 The factors are link together and all factors influences policy making in the business.

Analysis of the external environment of a business essay

SWOT analysis is . Economics (/ ɛ k ə ˈ n ɒ m ɪ k s, iː k ə-/) is the social science that studies the production, distribution, and consumption of goods and services.. Economics focuses on the behaviour and interactions of economic agents and how economies work.

Microeconomics analyzes basic elements in the economy, including individual agents and markets, their interactions, and the outcomes of interactions. The purpose of an external analysis is to scan the outside environment for factors that might open up new opportunities for the business—or that may present threats to the survival of the organization.

The Purdue University Online Writing Lab serves writers from around the world and the Purdue University Writing Lab helps writers on Purdue's campus. Excerpt from Research Paper: Harley Davidson External Business Environment Strategic Business Plan Outline The Analysis of H-D's External Environment.

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