Introduction to Strategic Management

Week 2

The broader external environment

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 Introduction to Strategic Management
Week 2

Components of the General Environment

Political Factors Technological Factors

Economic & Firm Environmental

Govt Factors Factors
Industry
Environment

Socio-cultural Legal Factors

Factors General
Environment

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 Introduction to Strategic Management
Week 2

KEY QUESTIONS

1. What are the key political factors influencing the industry?

2. Which are the significant economic factors for the industry?
3. Which social and cultural aspects are most likely to impact the industry?
4. What technological innovations or changes are likely and how will they impact the current structure?
5. What current or impending legislation – both domestic or international may affect the industry?
6. Which environmental considerations are most important for the industry?

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 Introduction to Strategic Management
Week 2
Political Factors

Government Stability

Bureaucracy

Corruption Level

Import Restrictions

Freedom of Press

Trade Unions and Agreements

Property Rights

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