Chapter #4 External Analysis

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Chapter #4 External Analysis by Mind Map: Chapter #4  External Analysis

1. It describes the external factors that affect the firm performance

1.1. Economic factors

1.2. Social factors

1.3. Political factors

1.4. Technological factors

1.5. Ecological factors

2. These factors are beyond the control of the firm

2.1. It influence

2.1.1. Their choice of direction

2.1.2. Their action

2.1.3. Organizational structure

2.1.4. Internal processes

3. The economic factors analyze

3.1. Prime interests rates

3.2. Inflation rates

3.3. Trends in the growth

3.4. Unemployment rates

3.5. Globalization of the economy

3.6. Outsourcing

4. The social factors analyze

4.1. Beliefs & Values

4.2. Attitudes & Opinions

4.3. Lifestyles

4.4. Religion

4.5. Education

4.6. Ethnic conditioning

5. The political factors analyze

5.1. Fair trade decisions

5.2. Antitrust Laws

5.3. Tax programs

5.4. Administrative jawboning

5.5. Minimum Wage Legislation

6. The technological factors analyze

6.1. Technological advancement

6.1.1. Helps protect and improve the profitability of the firm

6.1.2. It alerts strategic managers to impeding challenges and opportunities

7. The ecological factor analyze

7.1. The air

7.2. Soil

7.3. Water that supports them

7.4. Other living beings

7.5. Pollution

7.6. Biodiversity

7.7. Environmental legislation