Free Essay

An Analysis of the Impact of the Business Environment on Two Organizations

In: Business and Management

Submitted By Zahuwa
Words 1997
Pages 8
Introduction (P1)
State Trading Organization (STO) was established in early 1960’s. When they first start the organization the only resource available was tuna. At that time the development of the country was slow so there is no banking system, no available funds for major investments and no commercial industries as well. After some days in 1994 a fully-funded business was set-up by the government which is named “Athireemaafannu Trading Agency (ATA)”. Their main aim was to provide essential food items to the nation. 9th June 1979 is the day which ATA became STO with so much improvements. After that they kept growing and growing. Now the organization is a highly appreciated company which almost sells all the items. STO can be considered as the best organization in the retail industry in Maldives.
STO is a very huge organizations which all the board of directors are set by the government. This is a partnership business. They have 6 subsidiaries in Maldives. At first this organization was a fully government organization but now this organization is partly government and partly managed by an individual. Their main purpose is to enriching lives through expansion and accessibility. Which means letting people purchase their goods freely and openly. They have a very huge shop in male’. And the customer service of the organization is very good. Which is why most of the people select STO as their best place to buy their goods.
The organization give a very special focus on achieving their objectives. To achieve their objectives they conduct promotions like ‘Eid promotion and Ramadan promotions. In that promotions they sell their product in a very low cost. Also they advertise their products to the customers through different sources. This will help to achieve their targets. Moreover, they deliver their products wherever the customers want, but only furniture type products. The internal departments work as a team work. This will also will help to achieve their internal objectives.
Maldives Ports Limited (MPL) was built up in September 1986 under the name of "authority". The motivation behind the organization was to oversee and work all ports in the Maldives. It is completely possessed and controlled by the administration under the service of transport and communication. After that the organization was changed to a company named Maldives Ports Limited. Yet, all the administrative functions was controlled by the service of transport and correspondence. Along these lines, the organization is administrated and oversaw by the exhausted which the individuals are contracted by the president of the Maldives. The day operations are controlled by the managing director. This can considered as transport industry.
The main reason for this organization is to deal with all the port and port related exercises in Maldives. They deal with all the import and export related activities from sea and air. Be that as it may, particularly they concentrate on sea, as the air transports are overseen by different airplane terminals like Maldivian and GMR. MPL is a partnership business. Also, the MPL connections with the government, as they have to follow the rules and regulations of the government. They have been serving to the Maldives for a long time. They have been directing such a large number of exercises to make their employees like the organization. MPL give some online services like bill landing points of interest and holder development subtle elements including the release rate. What's more, the clients can get such a variety of data from their site moreover. Also, they make a decent attempt to accomplish their goals by directing competitions to persuade their representatives so that the workers will give their best execution at their work. Also their internal departments work together as a team.

Stakeholders and their influences in STO (p2)
Speaking of stakeholders, there are so many stakeholders to the organization. Below I will be explaining about the stakeholders and their influences to the organization.
Manager will help to manage the financial and human resource management of the organization. They try to improve the business day by day.
If the employees are working properly that will help to increase their sales. But if they don’t the sales will be decreasing. This is how the employees influence the organization
STO is not a manufacturing company so they have to supply all the goods from the outside of the country. So if the supply is low they can’t sell all the demanded products to their customers. And vice versa. This is a very big influence to the organization.
They are the most critical stakeholders. As if they change their mind they will go and purchase the products from other retailers. Company must work to increase efficiency and effectiveness in order to create loyal customers and attract new ones.
How recession and growth influence on STO and MPL (p3)
Recession is a breakdown of all the economic activities in the country longer than few months. The time of the recession varies from country to country. Mostly, it will take 18 months. A recession is typically accompanied by a drop in the stock market, an increase in unemployment, and a decline in the housing market. This creates a mess in the entire economy. The recession which hit the globe in 2008 is the most recent example of a recession.
Economic growth is increasing of the amount of products produces every day. Decrease of unemployment, advances of technology, and increase in capital stock will happen in the growth stage. Basically when all the economic activities will become great in the growth stage.
Around the time when STO established the Maldivian economy was growing at a high speed. Especially in fisheries, agriculture, tourism and also in construction. Also retail sector was growing in a high speed. At that time STO try to expand their organization by taking up alternative enterprises to earn foreign exchange and expand the nation’s revenue sources. Besides, the organization group with its subsidiaries, joint ventures and associates, is a national leader in business. Also they focused on cooking gas, construction materials, medicals and bringing some other new goods to the organization. The company is geographically diverse with operations and developments throughout Maldives and operations in Singapore as well. Moreover, they set an eye on tourism. Hence, STO become a big player in hospitality and start earning its foreign currency in the near future. This is how they grew their organization.
Additionally, they didn’t face a recession period yet. If they face a recession period, we all know that all the economic activities will fall. STO is operating so many economic activities. When all those activities falls this will cause so many problems to their customers like they will lose their shareholders. Also, if they are not willing to pay to the suppliers they will not be willing to sell demanded products to the customers. Likewise, they will be losing their customers. This might happen if they face to the recession period.
How political, legal factors effects basically in different organizations (p4)
Dissatisfied the customer
If the customers is dissatisfied to the services given by the organization the customer might file a lawsuit against the organization in which they gather in large customer groups and assault your organization over defective items, services or guarantees. With enough disappointed employees, legal claims can accomplish more harm than any individual or corporation and hopelessly discolor your brands picture.
The government gives the central base of the economy. It manufactures and keeps up motorways and other real transport joins. Local government is in charge of nearby streets. The legislature additionally possesses and keeps up the railroad lines and rail route stations.
Attitude to work is a very main influence to every organization. If the employees are not giving their best attitude towards their work the production will be lower than expected. Due to that the employer might fire the employee also. And recruiting another employee is not an easy task to do. It will take so many time.
How political, legal factors effected (m1)
There is a very recent law which effected all the businesses in the Maldives. That law says all the shops should be closed down by 10 PM. Most of the people do their shopping at night, they will start their shopping at 8.30 or 9.00. Which means they have only one hour to do their shopping which is not enough. And as for the business if they have to close the shop early they will lose some of their customers which leads to decrease their sales. This is the most recent legal factor which influenced to STO.
As I mentioned earlier STO’s very big role is playing by the government. So, the people against the government is against to buy goods from STO. Moreover, when there are strikes the road in which STO is in will normally be blocked because two courts are in that road. Due to this also they will lose some of their customers.
Social factor which influences to STO includes, when there are improvements in technology they have to train all the employees. It will consume too many time. On the other hand, if they didn’t give the training the services given to the customers will be slow. That’s why they have to train the employees. This is the main social factor which influences to STO.
Taxation is one of the main legal factor which is influencing to MPL. When the tax rate increases the amount they have to pay to the government will increase. Due to this they are not able to provide their best equipment to the employees. This is a very big legal influence to the company.

When government changes so many things in the society will change. Likewise, some MPL employees changed their jobs to other organizations as the MPL is partly a government organization. The people who support to the government may wait in the organization but those who don’t support the government choose to leave the organization.
When GPS is installed in the ships, some people doesn’t know how to work with the GPS. For this reason some employees were lost for some days as they will have to learn how to work with the GPS. The MPL had to recruit some new employees. Which wastes so many time.

How political, legal factors may effect in future(d1)
There might be so many lawsuits against the organization due to their bad service or some other problem also. If the organization did not give any attention to those kind of things they might have to pay a high fine to the government. This might also lead to a bankrupt.
Taxation is one of the main political Factor which might influence to the organization as the tax rate is increasing year by year. For small businesses it’s a burden because they have to fill so many paper works. But in huge businesses there will be more departments so this filling the paper work will not be a burden to them.
The birth rate is now increasing so the pollination will be increasing the demand for the goods and services will be increasing. The organization might not be able to supply enough goods. Also they might also not get enough employees to give the services to the customers. Or there will be so many people willing to work. And the organization will not know who to recruit. This might be a social factor which influences the organizations.

To conclude I would like to say I have gathered so many information and included those information about STO and MPL. These two companies are very old two companies and so many people love those two companies. In my opinion if they are working the way they are working now, the companies will be highly reputed two companies. From here I will wind up the report.…...

Similar Documents

Premium Essay

Business Impact Analysis

...Business Impact Analysis 12/1/2012 The Business Impact Analysis (BIA) is the key concept used by the organization as a tool when developing Business Continuity Plans (BCP). The purpose of the BIA is to gather business information in an effort to understand the importance of the different functions of the organization (Johnson, R. (2011). It serves as the foundation for which an effective BCP can be developed and implemented. The BIA will identify and quantify business related impacts during a loss, disruption, or interruption of processes or functions within the organization. With effective implementation, the organization will be able to recover its operations under any circumstance or condition. Component Priority In conducting you BIA some limitations should be made. In order to gather required information you should be able to schedule interviews with each department to assess critical functions within that department. It is important to interview people that know functions and processes of that department. There are two methods that can be utilized to gather information on critical processes and functions. One method would be to conduct surveys among people within each business unit. Caution should be used here as random people selected for the survey may not understand the critical functions of the business. It will, on the other hand give some insight as to what employees think are important to operations. Another method available......

Words: 1136 - Pages: 5

Premium Essay

Global Business Environment Analysis of Apple

...Open structure. IBM turned the PC into open structure. Compaq, HP and many other producers started to show in the market to produce IBM compatible PC. During this period, hardware can be separated into CPU, mother board, power, disk drive, and other peripheral businesses. Software can be separated into basic input output system (BIOS), operation system (DOS, Unix, Windows), tool systems (Norton doctor, Anti-virus), computer language (C, Basic, Clipper, FoxPro), office applications (spreadsheet, word process), graphic applications (Adobe, Corel), game, and other applications. Each area had many providers competing with each other. But CPU, OS and some special application areas had few providers. PC producers became the hub of the hardware business. They had to buy all the components and assemble into a whole piece. Consumers are not only cared about hardware performance, but they also cared about the software applications. IBM style machine with Intel CPU and Windows OS became the mainstream. During this period, Apple kept losing its market share. It is because of 4 reasons. (a) Apple insisted in selling their products as a high price proprietary system. Its hardware and software were different and not compatible with IBM machine. (b) As more people using IBM machine, software developers turned to create software that can be run on IBM machine. (c) Apple adopted Motorola CPU. However, Intel’s developing ability is better than Motorola after late 80’s. As Intel kept leading......

Words: 3744 - Pages: 15

Premium Essay

Assessing the Impact of Globalization on the Caribbean Business Environment

...of this paper is to assess the impact of globalization on the Caribbean business environment. Much has been written about globalization which is more accurately viewed as a process of change rather that an event which has already occurred. The impact of globalization on any environment can be both positive and negative and can be described as the enablers or the constraints which affect the decisions made by leaders, both government and business. It also refers to the way these choices affect the lives of all people. Scholars David Held, Anthony McGrew, David Goldblatt and Jonathan Perraton developed a general framework for understanding the process and characteristics of globalization. The authors said that, “in its simplest sense globalization refers to the widening, deepening and speeding up of global interconnectedness. They also suggest that the process of Globalization does not only have one kind of impact or outcome but four different types namely Decisional, Institutional, Distributive and Structural: • Decisional impact. How does globalizing processes affect how individuals, corporations, organizations and governments make decisions? • Institutional impact. How does globalization change the agendas of organizations and individuals, structure their choices and influence their preferences? • Distributive impact. How does globalization change the way wealth and power are distributed within and among countries? • Structural impact. How does globalization......

Words: 3201 - Pages: 13

Premium Essay

Analysis of Business Environment in Sweden

...ANALYSIS OF BUSINESS ENVIRONMENT IN SWEDEN Supervisor: Alcina Nunes Students: Ruta Rudokaite and Aiste Sankauskaite Bragança, 2013 Contents Demography and geography 3 Geography 3 Population 4 Language 5 Religion 5 Political, social and legal environment conditions 6 Political Conditions 6 Social conditions 7 Legal environment 8 Economic environment 9 Economic conditions 9 Entrepreneurship conditions 12 Competitiveness indicators 14 Conclusion 17 REFERENCES: 18 Demography and geography Geography Sweden is a northern European country located on the Scandinavian Peninsula, as we can see in Figure 1, bordering the Baltic Sea, Gulf of Bothnia, Kattegat, and Skagerrak, between Finland and Norway. Its topography consists mostly of flat or gently rolling lowlands but there are mountains in its western areas near Norway. Figure 1 : Map of Sweden Figure 1 : Map of Sweden As we can see from Table 1 Sweden is really a large country and is the 5th largest in Europe. Sweden also has natural resources (Sweden is currently one of the EU’s leading producers of ores and metals) that makes her stronger compared to other European countries. Rich bowel of land is very important to each country’s economy as well as the whole world economy. Minerals owning countries can increase their exports, economy level and can improve the social status of residents. Of course we have to mention the fact that Sweden has a really big coastline......

Words: 3154 - Pages: 13

Premium Essay

An Analysis of the Business Environment of Three (3) Caribbean Islands

...AN ANALYSIS OF THE BUSINESS ENVIRONMENT OF THREE (3) CARIBBEAN ISLANDS There are probably more small countries in the Caribbean than anywhere else in the world, with some countries smaller in total size than a large US city, and with as few as 20,000 inhabitants (Ferguson, 2007). The area commonly known as the "Caribbean" is located between the continents of North and South America, and east of Mexico. The Caribbean islands loop up in a quarter circle from off the coast of Venezuela (starting with Trinidad & Tobago, then Grenada, and so on) and ending up not far from southern Florida (with the Bahamas and Cuba). The Caribbean has an interesting and sometimes troubled history, and with the different colonial influences (English, French, Spanish, even Portugese and Dutch) there's a vibrant mix of cultures and business environments (Ferguson, 2007). The business environment is constantly changing as time goes by. There are several factors that affect the aspects of the business environment such as benefits, costs, and risks of conducting business. Other factors that the business environment are issues that affect operations, which includes customers, competitors, stakeholders, suppliers, industry trends, regulations, other government activities, social and economic factors and technological developments. There are several Caribbean islands however throughout this paper I will only analyse the business environment of three (3);......

Words: 1816 - Pages: 8

Premium Essay

Critical Analysis of the Impact of Change Management and M&a’s on the Dynamic Business Environment

...Critically Analyse the impact of Change Management and M&A’s on the dynamic business environment Contemporary Issues in Management Joshua Travers Submitted for: BA (HONS) BUSINESS STUDIES BOURNEMOUTH UNIVERSITY Date of submission: 13th December 2013 Joshua Travers i7943443 Introduction The author has interpreted the dynamic business environment to be all of the factors, both internal and external, which influence the function of a business. Internal factors include items such as the company's products or services, employees, assets, and marketing. External factors include competitors, stockholders, customers, and economic conditions (Investor Words 2013). This essay will explore how the two issues addressed in the title can impact the central theme; the employee. Failure of engaging with the employee has been highlighted as a major cause to why 70% (Keller and Aiken 2008) of change and 50% (Sher 2012) of M&A efforts fail. This common pitfall suggests that both of these issues impact heavily on the employee and vice versa. The author aims to critique change management and merger literature to provide an extensive view of these issues in the business environment. Once the relevant context is set, the essay will focus towards the employee perspective of these two issues and will apply significant theory to a range of recent examples within the realm of these topics. Change Management Change management can be defined as “the process of continually......

Words: 4711 - Pages: 19

Premium Essay

Business Impact Analysis and Risk Assessment for Information Resources

...Iowa State University Business Impact Analysis and Risk Assessment for Information Resources General Information & Process Description Introduction The IT Security and Policies area within Information Technology Services is responsible for establishing policies to ensure that Iowa State University has a secure information technology environment. This document defines a process for departments to perform a business impact analysis and risk assessment for their information resources. Once an assessment has been done, the resulting documents should be maintained and regularly reviewed by the department. By using the business impact analysis and risk assessment tool defined in this document, departments have the capability to identify and respond to risks for their systems and information resources. Departments are encouraged to contact the Information Technology Security and Policies area at 4-2588 if they have specific questions or if they would like to arrange a meeting to discuss the process on an individual basis. Business Impact Analysis and Risk Assessment Guaranteed absolute security in today’s information technology environments is not realistic. However, it is important to have a process of identifying resources and associated risks, determining their magnitude, and identifying what safeguards are needed. That process is what we are referring to as business impact analysis and risk assessment. It is......

Words: 3038 - Pages: 13

Free Essay

Business Impact Analysis

...Business Impact Analysis (BIA) Preliminary System Information |Omnitrans Dept. Omnitrans |Date BIA Completed: 9/12/2006 | |System Name: Ellipse |BIA POC: Don Walker | |System Function: Payroll | |System Manager Point of Contact (POC): Don Walker | |System Description: {Discussion of the system purpose and architecture, including system diagrams} Omnitrans payroll time | |calculations’, direct deposit process, and check printing. | | | |A. Identify System POCs Role | |Internal {Identify the individuals, positions, or offices within your organization that depend on or support the system; also | |specify their relationship to the system} | | | ...

Words: 507 - Pages: 3

Premium Essay

Case Study, Stage 1: Business Environment Analysis

...Case Study, Stage 1: Business Environment Analysis IFSM 300 Instructor: Walter L Blount 31 March 2013 The health and fitness industry is growing at a remarkable rate in spite of the turbulent economy. According to a 2011 IBISWorld study, revenue for the health and fitness industry is expected to rise 2.6 percent each year to annual earnings of $28.2 billion by 2016. Combine that with growing concerns about obesity and associated health issues and there has never been a better time to own a fitness facility. Most gyms offer a variety of services to address the needs and convenience of the customers but UR UMUC Healthy Fitness Center will seek to differentiate itself from its competition by introducing a new business model that revolves around attracting young, affluent customers. We will provide outstanding service, invest heavily in the newest technology to enhance the client experience, keep the center spotlessly clean and well maintained, and enhance the aging facility with up-to-date equipment and innovative and imaginative programs. Porter’s Five Forces Analysis Buyer Power: Buyer power is high because customers have many different fitness products and facilities to choose from and typically choose a gym based on individualized needs. Customers can have a positive impact on the business. Attracting and retaining them will be the most important part of the new business strategy. Supplier Power: Supplier power is high since the fitness center will be changing......

Words: 705 - Pages: 3

Premium Essay

Business Impact Analysis

...------------------------------------------------- [ Business Impact Analysis ] TABLE OF CONTENTS 1 Introduction 3 1.1 Purpose 3 2 System Information 3 2.1 Points of Contact 3 2.2 System Resources 4 2.3 Critical Contacts and Resources 4 2.4 Disruption Impact 4 2.5 Resource Recovery Priority 4 Appendix A: Business Impact Analysis Approval 5 * Introduction Purpose The Business Impact Analysis (BIA) is an essential step in the development of a contingency/disaster recovery plan. The Purpose of this Impact Analysis is to determine the business impact that an incident will have on business operations and the amount of downtown the network may experience. Also we will define the critical business processes of an organization and relating to them specify possible threats which occur due to interdependence, resource unavailability as well as other effects which may disrupt the daily business and determine their impact on the same if such should take place. System Informations Date:<Enter date BIA completed> Point of Contact (POC): <Enter BIA POC> Organization:<Enter Organization> System Name: <Enter name> System Manager: <Enter manager> System Description: <Enter description> Points of Contact Internal Contacts * Director, DLA Information Operations (J6) and Chief Information Officer * Primary IT personal for the entire organization * Deputy Director, DLA Information Operations (J6) *......

Words: 606 - Pages: 3

Premium Essay

Two Organizations

...Two Organizations Term Assignment Two organizations chosen: Chick-fil-A & Target Question 1 (Chapter 1) - How do your organizations appear to be managing in a world characterized under an uncertainty, ambiguity, and sudden change environments? Do you believe your organizations presently have the needed skillsets they are going to need? * Target: Target does a great job of paying attention to what is going on in the world, and staying ahead of other companies. Target always has the latest gadgets, latest trends, etc. They are ready for anything that is thrown at them, and I think they do have the needed skillsets they are going to need. * Chick-fil-A: Through uncertainty, ambiguity, and sudden change environments, Chick-fil-A seems to remain constant. They have their great service, delicious food, and kind employees who are willing to go above and beyond for the customer. They have been successful since their beginning, therefore I do believe that they have the needed skillets they are going to need. Question 2 (Chapter 2) - Do you believe your organizations’ managers are able to handle the rate of environmental changes (particularly the financial impacts on their customers, suppliers, employees, etc.) occurring nationally and internationally? * Target: I do believe that Target’s managers are able to handle environmental changes. Target’s famous slogan, “Expect More. Pay Less,” is very well communicated. The managers believe this slogan enough to......

Words: 2185 - Pages: 9

Premium Essay

Organization Impact of E-Business

...Organization Impact of E-Business April 5, 2011 Introduction When trying to decide whether to take a business onto the World Wide Web or not, a business owner has many things to consider. Will the benefits outweigh the risks? Will the profits gained outweigh the cost? What risks are involved and to what extent can they be minimized or alleviated? Will the current staff be able to create and maintain a Web presence safely, securely and properly, will new staff need to be hired, or will the project need to be outsourced? What level of security is needed for the particular business? What types of communication should be available between the business and its suppliers and distributors and between the business and its customers, and just how much business should and can be conducted online? This paper hopes to clear up these questions and many others, and also help with the many concerns leading up to a business owners’ decision whether to establish a Web presence or not. The first thing that a business owner should take into account when considering establishing a Web presence is whether an E-Business is appropriate and feasible. What are some concerns a business should consider as it considers developing a Web presence? What are the risks of having a Web presence versus the risks of not having a Web presence? The risks associated with having a Web presence pertain mostly to security and privacy issues. Keeping customer and company information out of the......

Words: 1378 - Pages: 6

Free Essay

Business Impact Analysis

...|   |   | | Business Impact Analysis | | | | | | | | | | | | | | | | | | | | | | | | | | Risk ID | Threat | Asset Affected | Risk Description | Risk Type | Probability (High/Medium/Low) | Risk Impact (High/Medium/Low) | Primary Effect-(Cost of Downtime) | Trigger (Initial Cause) | Avoidance Plan | | DAP to DRP Ratio (% avoided) | Incident Management Required | DR Process | Risk Owner | Status | Ranking |  1 | Power Failure | Computers and other Computer Equipment | Corruption of Data/Corruption of hardware  |   | Low  | Medium  |  Schedule, Data Corruption |   | The risk can be avoided by putting a power backup in place.  | |   |   |   |   | Past  |  11 |  2 |  Theft of data/information | Clients Personal Data Required for Immigration  |  The theft of client sensitive information might lead to a Lawsuit filed by client for loss of data/ Misuse of Clients Data | Risk To Organization |  Low | High  | High downtime cost as organization will not function without client data  | Phishing, Password Cracking   | Theft of data/information can be avoided by putting proper encryption / password policy in Place. Also timely backup of data can help data revovery. | |   | Recover  | Recover Data  | organization  | Active  |  2 | 3  | Building fire or explosion  | All assets within a company( Workplace, Computers, Files, furniture)  | The fire in an office / building or an explosion may cause loss of all assets |  Risk To Organization |  Low | High ...

Words: 911 - Pages: 4

Premium Essay

Industry Environment Business Strategy Gap Analysis

...Table of Contents Introduction: 2 Macro-Environment Business Strategy Gap Analysis 8 Industry Environment Business Strategy Gap Analysis 9 Strategy-Capability Gap 9 1. Macro-Environment Analysis 16 2. Industry Analysis 22 2.1 Threat of New Entrants 22 2.2 Bargaining Power of Suppliers 24 2.3 Bargaining Power of Buyers/Customers 25 2.4 Power of Substitutes 26 2.5 Intensity of Industry Rivalry 27 3. Internal Analysis Appendix 29 Introduction: [pic] Taj Hotels, Resorts and Palaces operates under the parent company Indian Hotels Corporation Limited. They have been operating for 107 years, and were positioned as India’s largest hotel chain, with a range of properties for both business and vacation travel market. Owned by the Tata group, Taj maintains a very hierarchical structure, with a senior management team that stems from family connections. The report at hand will evaluate the past and current strategic position of the Taj hotel group, how being under the TATA group umbrella and how this has enabled the brand to grow and develop into the most recognized and luxurious hotel brand within India. Hotel brands Worldwide have been trying to go international, taking the advantage of their brand recognition, economic capabilities and increasing market demands. The Taj hotel group past and current strategies of going international were executed in locations that have an already saturated market or in cities...

Words: 6393 - Pages: 26

Free Essay

Business Environment Analysis

...Business Environment Analysis Background Environmental analysis is a systematic process that starts from identification of environmental factors, assessing their nature and impact, auditing them to find their impact to the business, and making various profiles for positioning. A common process of environmental analysis or scanning is discussed in the following section. Environmental Analysis Process A business manager should be able to analyze the environment to grasp opportunities or face the threats. Organizations need to build strength and repair their weakness available in the business environment. Therefore, this process consists not only a single steps but a process of various steps. Environmental analysis comprises scanning, monitoring, analyzing, and forecasting the business situation. Scanning is to get the relevant information from the information overload. It is to focus on the most relevant information. Monitoring is to check the nature of the environmental factors. Analyzing requires data collection and use of different required tools and techniques. Forecasting is to find the future possibilities based on the past results and present scenario. Environmental analysis process is not static but a dynamic process. It may differ depending on the situation. However, a general process with few common steps can be identified as the process of environmental analysis these are a) Monitoring or identifying environmental factors, b) Scanning......

Words: 1523 - Pages: 7

Watch movie | Ruched Plus Size Mesh Panel Swimsuit | Ver Animales fantásticos Los Crímenes de Grindelwald (2018) película en línea gratis en Netflix