The External Environment

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The External Environment by Mind Map: The External Environment

1. The firm´s external enviroment

1.1. remote environment,

1.2. industry environment'

1.3. Operating enviroment

2. Remote Environment

2.1. ECONOMIC, SOCIAL, POLITICAL, TECHNOLOGICAL, AND ECOLOGICAL FACTORS THAT ORIGINATE BEYOND, AND USUALLY IRRESPECTIVE OF, ANY SINGLE FIRM’S OPERATING SITUATION.

2.1.1. ECONOMIC FACTORS: Tax reforms

2.1.2. SOCIAL FACTORS: education level

2.1.3. POLITICAL FACTORS: corruption

2.1.4. TECHNOLOGICAL FACTORS: little knowledge of technologies

2.1.5. ECOLOGICAL FACTORS: climate change

3. Industrial Enviroment

3.1. AN INDUSTRY IS A COLLECTION OF FIRMS THAT OFFER SIMILAR PRODUCTS OR SERVICES.

3.1.1. Forces Driving Industry competition

3.1.1.1. CONTENDING FORCES

3.1.1.1.1. INDUSTRY ANALYSIS AND COMPETITIVE ANALYSIS

3.1.1.1.2. Industry Boundaries

3.1.1.2. Threat of Entry

3.1.1.3. Product Differentiation

3.1.1.4. Capital Requirements

3.1.1.5. Cost Disutltantuges Independent of Size

3.1.1.6. Access to Distribution Channels

3.1.1.7. Government Policy

3.1.1.8. Powerful suppliers

3.1.1.8.1. Powerful Buyers

3.1.1.8.2. Substitute Products

3.1.1.8.3. Jockeying for Position

3.1.2. Determinants of entry

3.1.3. Determinants of Rivalry

3.1.4. Determinants of Supplier Power

3.1.5. Determinants of buyer power

4. OPERATING ENVIRONMENT

4.1. also called the (ompetitive or task environntent comprises factors in the competitive situation that aflect a firm's success in acquiring needed resources or in profitably markcting its goods and services.

4.1.1. Competitive Position

4.1.1.1. Customer Profiles

4.1.1.1.1. Human Resources: Nature of the Labor Market

4.1.1.1.2. Reputation

4.1.1.1.3. employment Rates

4.1.1.1.4. Availability

4.1.1.1.5. Labor Unions

4.1.1.2. Geographic

4.1.1.3. Demographic

4.1.1.4. Psychographic

4.1.1.5. Buyer Behavior

4.1.2. Market share

4.1.3. Bread of product line.

4.1.4. Capacity and productivity.

4.1.5. Experience.

4.1.6. Customer profile.