What are the three reasons that the environment matters? Which of these three reasons is most important? Why? Can you identify an environmental trend that no organization can influence?

business

Description

BUS 481: Strategic Planning and Business Policy

Assignment 3

Chapter 3: Evaluating the External Environment

 

1.1  What are the three reasons that the environment matters? Which of these three reasons is most important? Why? Can you identify an environmental trend that no organization can influence?

 

 

 

1.2  What does each letter of PESTEL mean? Using a recent news article, identify a trend that has a positive and negative implications for the environment. Can you identify a general environment trend that has positive implications for a particular industry?

 

 

1.3  Can you tell if nursing homes have positive or negative implications or diaper makers? Explain.

 

 

 

1.4  Are all six elements of PESTEL important to every organization? Why or why not?

1.5  What is a key trend for each letter of PESTEL and one industry or firm that would be affected by that trend?

 

 

1.6  What are the five forces? Is there an aspect of industry activity that the five forces seem to leave out? Imagine that you are the president of the college, which of the five forces would be most important to you?

 

1.7  What other colleges or universities are probably in your school’s strategic group? From what other groups of colleges or universities could your school learn? What specific ideas could be borrowed from these groups?

 

 

1.8  Use Porter’s five forces analysis to analyze an industry in which you would like to work in the future.

 

 

 

1.9  Discuss the implications your results may have on the salary potential of jobs in that industry and how that could impact your career plans.

 

 

 

 

 

Answer each question fully. Be sure to answer all questions. Number each question.

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