MGMT 386 Lecture Notes - Lecture 2: Myofascial Trigger Point, Market Environment, Natural Environment
Environmental scanning
the monitoring, evaluation, and dissemination of information from the external and internal
environments to key people within the corporation
Natural environment
physical resources, wildlife, and climate that are an inherent part of existence on earth
Societal environment
mankind's social system that includes general forces that do not directly touch on the short activities of
the organization that can, and often do, influence its long-run decisions
Task environment
includes those elements or groups that directly affect a corporation and, in turn, are affected by it
Industry Analysis
refers to an in-depth examination of key factors within a corporations task environment
Externalities
costs not included in a business firms accounting system
Repatriation of profits
transfer of profits from a foreign subsidiary to a corporations headquarters
STEEP analysis
The scanning of socio-cultural, technological, economic, ecological, and political/legal environmental
forces
Trigger point
when demand for a particular product or service is ready to boom
Strategic Mynopia
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the willingness to reject unfamiliar and negative information
Industry
is a group of firms that produces a similar product or service
New entrants
new businesses bringing new capacity, a desire to gain market share, and substantial resources
Entry Barrier
an obstruction that makes it difficult for a company to enter an industry
Substitute product
a product that appears to be different but can satisfy the same need as another product
Complementor
a company or an industry whose product works well with a firms product and without which the product
would lose much of its value
Fragmented industry
where no firm has large market share and each firm serves only a small piece of the total market in
competition with others
Consolidated Industry
dominated by a few large firms, each of which struggles to differentiate its products from those of the
competition
Multi-domestic Industry
a collection of essentially domestic industries
→ultidoesti → gloal
Global industries
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find more resources at oneclass.com
Document Summary
Environmental scanning the monitoring, evaluation, and dissemination of information from the external and internal environments to key people within the corporation. Natural environment physical resources, wildlife, and climate that are an inherent part of existence on earth. Societal environment mankind"s social system that includes general forces that do not directly touch on the short activities of the organization that can, and often do, influence its long-run decisions. Task environment includes those elements or groups that directly affect a corporation and, in turn, are affected by it. Industry analysis refers to an in-depth examination of key factors within a corporations task environment. Externalities costs not included in a business firms accounting system. Repatriation of profits transfer of profits from a foreign subsidiary to a corporations headquarters. The scanning of socio-cultural, technological, economic, ecological, and political/legal environmental forces. Trigger point when demand for a particular product or service is ready to boom. Strategic mynopia the willingness to reject unfamiliar and negative information.
