Select two businesses that you are familiar with; identify the major elements of their external environments that are most likely to affect them in important and meaningful ways.
This is not an essay assignment. You may use point form and keep your responses to less than 200 words.
First business
The first business is telecom industry.
The major elements of the external environment are follows:
1.Price war between the existing players to give the maximum facilites with the minimum cost.
2. Entry of the new provider in the market as Reliance Jio enter the market and become the market leader within a short span of time.
3.Changes made by the authorities for eg TRAI and Government on timely basis make changes in the spectrum and AGR dues which affect the telecom industry
4. Merger between the two companies or acquisition of one by the other as the merger between vodafone and idea, the acquisition of telenor by airtel are the examples of elements of external environment.
Second business
The second business is retail industry.
Major elements of external environment are as follows:-
1. Price war between the players to provide the quality products at cheaper rates.
2. Delivery system of the competitors to provide the product at less time than the other.
3. Entry of new competitor in the market as reliance retail enters the market as a competition to other players.
4. Merger and aquisition by one company or two companies,as Reliance retail acquires stake in future retail.
5. Government policies and other authorities also affect the business as the product should be in the regulatory frame of FSSAI .
Select two businesses that you are familiar with; identify the major elements of their external environments...
Select two businesses that you are familiar with; identify the major elements of their external environments that are most likely to affect them in important and meaningful ways.
Select two businesses that you are familiar with; identify the major elements of their external environments that are most likely to affect them in important and meaningful ways. (NO STARBUCKS and Tim Hortan)
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