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Friday, 29 December 2017

External Environment Analysis ;)

Assalamualaikummmmmmmm hello guys!

This time I would share with you what is External Environment Analysis ;)
Let's goooo

External Environment. External means outside. In this case, it means outside the organisation. External environment analysis divided by two categories which are:

1) General environment

It is also called Macro Environment.

Key Factors: PESTEL

P is political factors
E is economic factors
S is social factors
T is technological factors
E is ecological factors
L is legal factors



2) Industry environment

It is also called as Micro Environment.

Key factors: 

1) Population Shifts
2) Changing demographics 
3) New Government Regulations


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External environments can help us identify the opportunities and threats for our organisations! ;)

What is external environment sourcessss?

*drum rollssssss*

1) Customer and market surveys
2) Journals
3) Newspapers
4) The Internet hehe

I hope everyone understands! See youuu in next post!

xoxo,

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