SEVI 3013 FINAL EXAM UARK 2023 with complete solution
0 view 0 purchase
Course
SEVI
Institution
SEVI
SEVI 3013 FINAL EXAM UARK 2023 with complete solution
General Environment
Composed of dimensions in the broader society that influence an industry and the firms within it
Dimensions of the General Environment
1. Demographic
2. Economic
3. Political/legal
4. Sociocultural
5. Technological
...
sevi 3013 final exam uark 2023 with complete solut
Written for
SEVI
All documents for this subject (68)
Seller
Follow
magdamwikash23
Reviews received
Content preview
SEVI 3013 FINAL EXAM UARK 2023 with complete
solution
General Environment
Composed of dimensions in the broader society that influence an industry and the firms
within it
Dimensions of the General Environment
1. Demographic
2. Economic
3. Political/legal
4. Sociocultural
5. Technological
6. Global
7. Sustainable physical environment
Demographic Segment
-Population size
-Age structure
-Geographic distribution
-Ethnic mix
-Income distribution
Economic Segment
-Inflation rates
-Interest rates
-Trade/budget deficits or surpluses
-Personal savings rate
-Gross domestic product
Political/legal Segment
-Antitrust laws
-Taxation laws
-Deregulation philosophies
-Labor training laws
-Educational philosophies and policies
Sociocultural Segment
-Women in the workforce
-Workforce diversity
-Attitudes about the quality of work life
-Shifts in work and career preferences
Technological Segment
-Product innovations
-Applications of knowledge
-Focus of private and government-supported research and development expenditures
-New communication technologies
Global Segment
-Important political events
-Critical global markets
, -Newly industrialized countries
-Different cultural and institutional attributes
Sustainable physical environment Segment
-Energy consumption
-Practices used to develop energy sources
-Renewable energy efforts
-Minimizing a firm's environmental footprint
-Reacting to natural or man-made disasters
External Environmental Analysis
To cope with often ambiguous and incomplete environmental data and to increase
understanding of the general environment
The Four Components of the External Environmental Analysis
1. Scanning
2. Monitoring
3. Forecasting
4. Assessing
Scanning
Identifying early signals of envrionmnetal changes and trends
Monitoring
Detecting meaning through ongoing observations of environmental changes and trends
Forecasting
Developing projections of anticipated outcomes based on monitored changes and
trends
Assessing
Determining the timing and importance of environmental changes and trends for firms'
strategies and their management
The Five Forces of Competition Model
1. Threat of New Entrants
2. Bargaining Power of Suppliers
3. Bargaining Power of Buyers
4. Threat of Substitute Products
5. Rivalry Among Competing Firms
Threat of New Entrants
Identifying new entrants is important because they can threaten the market share of
existing competitors
The likelihood that firms will enter an industry is a function of two factors: barriers to
entry and the retaliation expected from current industry participants
Barriers to Entry
-Economies of Scale
-Product Differentiation
-Capital Requirements
-Switching Costs
-Knowledge Requirements
Bargaining Power of Suppliers
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller magdamwikash23. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.
