Business Environment Defined Business environment is a set of political, economic, social and technological (PEST) forces that are largely outside the control and influence of a business, and that can potentially have both a positive and a negative impact on the business.1 PEST Analysis Todays world is a rapidly changing place. Developments across a range of factors will have an impact on your business or industry. The classic PEST framework (political, economic, social, technological) identifies four major categories of external factors that affect the ability of your organization to survive and prosper. Smart Business Architect Strategy Formulation Strategy formulation is the process of determining appropriate courses of action for achieving organizational objectives and thereby accomplishing organizational purpose... More Corporate Strategy: 2 Logics What is Your Competitive Strategy? Competitive strategy means deliberately choosing a different set of activities to deliver a unique and superior mix of value to the customer. These activities are the basis of your competitive advantage... More SWOT Analysis: Questions To Answer Opportunities What trends do you see in your industry? What trends do you foresee? What trends might impact your industry?... More The Tao of Business Success 3 Market Leadership Strategies The market leader is dominant in its industry and has substantial market share. If you want to lead the market, you must be the industry leader in developing new business models and new products or services. You must be on the cutting edge of new technologies and innovative business processes. Your customer value proposition must offer a superior solution to a customers problem, and your product must be well differentiated... More 3 Strategies of Market Leaders Creating a Culture for Innovation By viewing corporate culture as the result of various explicit and implicit decisions, actions and events that have transpired over time, it becomes possible to identify the factors that shape and drive culture. Inspiring Culture: 5 Elements The following model suggests that culture results from the ongoing interplay between several variables including: The external environment – emerging trends, competition, customer, technology, environmental, regulatory and other factors that influence the organization from the outside... More
Posted on: Tue, 11 Mar 2014 09:02:59 +0000
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