As we learned in this section externalities influence a company's strategic choices. Do you think externalities that influence a company are the same across all industries, or do different industries (like manufacturing vs. health care) have different external organizational considerations for the development of a strategic plan?
Thank you for the opportunity to help you with your question!
Different companies/industries have different external organizational considerations for the development of a strategic plan. This is because, companies fall under different categorize depending on specialty of their services and products.
External opportunities include things such as gaps
in the market that no company is currently serving, new markets and
other clear growth opportunities. External threats include new product
releases from competitors and new competitors arising in the market.
range of external factors can present either opportunities or threats,
depending on the specifics. Changes in the law, for example, can provide
distinct opportunities to some businesses in an industry while
threatening the survival of others. Changing consumer preferences and
market-changing new product categories, as another example, can give new
entrepreneurs a world of opportunities while seriously threatening
Please let me know if you need any clarification. I'm always happy to answer your questions.
Jul 19th, 2015
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