Refer to Appendix 11.C: Strategic Audit of a Corporation, Section III: External Environment: Opportunities and Threats (SWOT) in your textbook, Essentials of Strategic Management.
Write a 2-3 page paper responding to the questions in Section III. Your responses are to demonstrate that you have detected inconsistencies, fallacies, and/or effectiveness of the impact of the external environment.
Analyze and summarize your responses.
Appendix 11.C: Strategic Audit of a Corporation, Section III: External Environment: Opportunities and Threats (SWOT)
Natural Physical Environment: Sustainability Issue
What forces from the natural physical environment are currently affecting the corporation and the industries in which it competes? Which present current or future threats? Opportunities?
Climate, including global temperature, sea level, and freshwater availability
Weather-related events, such as severe storms, floods, and droughts
Solar phenomena, such as sunspots and solar wind
Do these forces have different effects in other regions of the world?
What general environmental forces are currently affecting both the corporation and the industries in which it competes? Which present current or future threats? Opportunities?
Are these forces different in other regions of the world?
What forces drive industry competition? Are these forces the same globally or do they vary from country to country? Rate each force as high, medium, or low.
Threat of new entrants
Bargaining power of buyers
Threat of substitute products or services
Bargaining power of suppliers
Rivalry among competing firms
Relative power of unions, governments, special-interest groups, and so on
What key factors in the immediate environment (i.e., customers, competitors, suppliers, creditors, labor unions, governments, trade associations, interest groups, local communities, and shareholders) are currently affecting the corporation? What are the current or future threats? Opportunities?
Summary of External Factors (Include in an EFAS Table)
Note: You are to include the impact of ethics in your response.
State clearly how you have detected that the external environment (economic, social, political, legal, ethical and technological forces) have impacted your healthcare organization.
Your paper must follow APA guidelinesand include:
Cover page (with your name, course, section, date submitted, and your professor’s name)