PPT-CHAPTER 5 Internal Environment Analysis

Steps of Strategic Management Process Ch 4 amp 5 Ch 6 7 amp 8 Ch 9 amp 10 Ch 11 Internal strategic factors Critical strengths and weaknesses that are likely to determine if the firm will be able to take advantage of . Environment Scanning and Importance of Business Environment. Environmental analysis is careful study of various factors influencing the business. It is the process by which organization monitor their relevant environment to identify opportunities and threats affecting their business. . Management Structure. 1. Senior or Executive Management. . High level responsibility, . . High level decision making. 2. Middle Managers. . In charge of designated departments. . Store managers . Amanda Spencer, Jenny Liu, Jennifer Wang. Team 34. Final. Need. 12.5 million people have hearing devices in U.S.. Standard auditory training compliance very low. Improve compliance with new format. Design Requirements. S. W. O. T. SWOT. Analysis. Oppurtunity. Threats. Strengths. Weakness. Technique is credited to . Albert Humphrey. who led a research project at Stanford University in the 1960s and 1970s.. Planning tool . S. W. O. T. SWOT. Analysis. Oppurtunity. Threats. Strengths. Weakness. Acronym for . Strengths. , . Weaknesses. , . Opportunities. , and . Threats. .. Technique is credited to . Albert Humphrey. who led a research project at Stanford University in the 1960s and 1970s.. Mr. Flannery. MyEdAp. + Home Learning. 2 New quests . Contribution to the economy (due by Friday). Business Environments (Due by Friday). Will only take you 5-10 minutes each quest. Be prepared to discuss answers in class. “Internal Analysis”. Diana Perkins. Ashley . Gonzenbach. Brian Byrne. Amanda Long. What Will Be Covered. What is an internal analysis. How to do an internal analysis. Why an internal analysis is important. the . Internet. and the . World Wide Web. Discuss. . ways. to . access. the . Internet. and the . Web. Categorize. . types. of . Web sites. Identify. . Web. design . tools. Explain. . Web. “Internal Analysis”. Diana Perkins. Ashley . Gonzenbach. Brian Byrne. Amanda Long. What Will Be Covered. What is an internal analysis. How to do an internal analysis. Why an internal analysis is important. PREFACE . Before starting any planning or analysis process there is need to have a clear and smart goal or objective. What is it that you need to achieve or solve? Ensure that all key stakeholders (relevant to the issue being explored) buy into this objective or goal. . Internal environment. A firms marketing system is also shaped by internal forces that are controllable by management. . These include a firms production, financial and personnel activities . eg: If Godrej company is thinking of adding a new brand of toilet soap which already have more than half dozen brands. It must determine whether existing production facilitates new brand and its expertise can be used more fruitfully.. Resources, Capabilities, and Core Competencies. ChapterCase. 4. Nike’s Core Competency: . The . Risky Business of Fairy Tales. Nike,. . a . company created by Bill . Bowerman. and Phil Knight in 1964, today has . 1.BUSINESS ENVIRONMENT DEFINED. All those internal & external factors which affect the function and performance of firm and its decision making particularly strategies.. In a broad sense, business environment includes internal and external factors.. -. The . practice of . the European Commission’s Internal Audit Service . Mr Mirco . Barbero. . European . Commission, IAS.C1. The Internal Control Framework (ICF) in the European Commission (EC).