ch3_2 - Chapter 3 The External Assessment POLITICAL,...

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Ch 3 -1 Chapter 3 The External Assessment POLITICAL, GOVERNMENTAL, AND LEGAL FORCES TECHNOLOGICAL FORCES COMPETITIVE FORCES EXTERNAL FACTOR EVALUATION (EFE) MATRIX COMPETITIVE PROFILE MATRIX (CPM)
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Ch 3 -2 Political, Governmental, and Legal Forces Local, state, and federal governments, regulatory agencies, and special interest groups o regulators, deregulators, subsidizers, employers, and customers of organizations o Political, governmental, and legal factors, therefore, can represent key opportunities or threats for firms Increasing Global Interdependence o Political variables ( of home/foreign countries) impact on Formulation and implementation of strategies ↑↑ Strategists in a global economy o Forecast political climates o Legalistic skills o Diverse world cultures
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Ch 3 -3 Political, Governmental, and Legal Forces Regulation/deregulation Tax law changes Special tariffs Voter participation rates Number of patents Changes in patent laws Environmental protection laws Equal employment legislation Anti-trust enforcement Global relationships Import/export regulations Political conditions in foreign countries Location and severity of terrorist activity Local, state, and national elections
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Ch 3 -4 Technological Forces Technological advancements dramatically affect organizations’ product, services, markets, suppliers, distributors, competitors, customers, manufacturing practices, and competitive position. Internet changes the nature of opportunities and threats o Alters life cycle of products o Increases speed of distribution o Creates new products and services o Eases limitations of geographic markets o Alters economies of scale o Changes entry barriers
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This note was uploaded on 03/30/2012 for the course HRAD 4523 taught by Professor Leong during the Spring '08 term at Oklahoma State.

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ch3_2 - Chapter 3 The External Assessment POLITICAL,...

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