Business Administration Capstone class
4 pages (1000 words)
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... External business analysis assists in monitoring consumers, business trends, new entrants and existing competitors in the market. These factors or indicators can be employed for the purposes of determining a business’s future. Thus, external analysis can be viewed as a tool for keeping organizations abreast of the latest developments, trends, consumer demands and in general helps them in the formation of effective long term change strategies. Thus, analysis of business organization is necessary for it provides a detailed summary of the existing opportunities that a business can exploit at any given instance, and threats that can extinguished the made progress by the business.
Business threats and opp...