02 BUS 444 Chap 2

On corporate governance reforms 18 of40

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Unformatted text preview: bilities Act (ADA) • Deregulation of utility and other industries • Increases in federally mandated minimum wages • Taxation at local, state, federal levels • Legislation on corporate governance reforms 18 of 40 Technological Segment • Genetic engineering • Emergence of Internet technology • Computer-aided design/computer-aided manufacturing systems (CAD/CAM) • Wireless communication • Nanotechnology 19 of 40 Economic Segment • Interest rates • Unemployment • Consumer Price index • Trends in GDP • Changes in stock market valuations 20 of 40 Global Segment • Increasing global trade • Currency exchange rates • Emergence of the Indian and Chinese economies • Trade agreements (NAFTA, EU, ASEAN) • Creation of WTO (decreasing tariffs/free trade in services) 21 of 40 The Competitive Environment • Competitive environment factors that pertain to an industry and affect a firm’s strategies • Competitors, customers, and suppliers 22 of 40 Porter’s Five Forces Model of Industry Competition 23 of 40 The Threat of New Entrants • Profits of established firms in the industry may be eroded by new competitors • Sources of entry barriers Economies of scale Product differentia...
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This note was uploaded on 03/05/2014 for the course BUS 444 taught by Professor Lynn during the Spring '11 term at Keuka.

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