Strategic Administration and Makes Competitive Causes Essay

Angelina O. Bagang

BSBA HRDM 3-1N

Part 3: EXTERNAL ASSESSMENT

A Audit focuses on identifying and evaluating developments and incidents beyond the control of an individual firm, such as increased overseas competition, populace shifts, an aging contemporary society, information technology, as well as the computer trend. An external audit reveals important opportunities and threats confronting an organization to ensure that managers can formulate ways of take advantage of the options and avoid or reduce the effects of risks. The Nature of a Audit

The purpose of an external audit is to develop a limited list of chances that could benefit a firm and threats that needs to be avoided. While the term limited suggests, the external taxation is not aimed at developing an exhaustive list of each factor that may influence the organization; rather, it really is aimed at figuring out key factors that offer useful responses. Organizations should be able to react either offensively or defensively to the elements by making strategies that take advantage of exterior opportunities or perhaps that reduce the impact of potential risks. In the illustration of the Strategic Management Style, it displays how the external audit matches the Strategic Management Method. Key Exterior Forces

Exterior forces can be divided into five broad categories: * Economic forces;

* Cultural, cultural, demographic, and environmental forces; 2. Political, government, and legal forces;

* Technical forces; and

* Competitive causes.

Relationships amongst these forces and a business are represented in illustration below. Exterior trends and events drastically affect almost all products, services, markets, and organizations on the globe. Competitors

Suppliers

Distributors

Collectors

Customers

Staff

Communities

Managers

Stockholders

Labor Unions

Government authorities

Trade affiliation

Special fascination groups

Goods

Services

Marketplaces

Natural Environment

AN ORGANIZATIONS...



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