Environments
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- Environments
- Macro
- PESTLE
- Political
- The current and future ruling parties of the country
- Military conflicts
- Negotiations with other countries and unions
- EG. Brexit
- Economic
- Inflation rate
- Exchange rate
- Tax
- Social
- Unemployment rate
- HIV and AIDS
- Strikes
- Technological
- Technologies affecting the resale and production of products and services
- Legislative
- Laws affecting the production of products
- Laws affecting the quality of products that needs to be produced
- Environmental
- How the business affects the environment
- Factors that can affect the business
- EG. The drought in South Africa
- Political
- PESTLE
- Market
- Porter’s 5 Model
- Threat of substitute product
- Level of competitive rivalry in the market
- Power of suppliers
- Power of buyers
- Threat of new entrants in the market
- SWOT Analysis
- Strengths
- Weaknesses
- Opportunities
- Threats
- Porter’s 5 Model
- Micro
- The 8 Business Functions
- Production
- Personnel
- Public Relations
- Purchasing
- Administration
- Marketing
- Finance
- General management
- The 8 Business Functions
- Crisis vs trend
- Crisis
- An event that happens that is unforeseen and unplanned for
- They might have contingency plans but they don’t know that it is going to happen
- An event that happens that is unforeseen and unplanned for
- Trend
- Events that happen over a long period of time
- The business has a contingency plan for this and is prepared
- Events that happen over a long period of time
- Crisis
- What is an environmental scan
- Environmental scanning is the process of obtaining information about the future and current events that could have an impact on the business
- Where does it fit in
- Vision/mission of the business
- Formulation of the strategy
- Implementation of the strategy
- Evaluation and control
- Implementation of the strategy
- Formulation of the strategy
- Continuous scanning throughout
- Vision/mission of the business
- Macro