External Environment Analysis session long project 2 strategice management 599 - Essay Example

Comments (0) Cite this document
This is a method used in North America for the classification of the industries. This code is mostly a four digit code. For an external analysis, it is essential to find the industry in which the company operates in and…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91% of users find it useful
External Environment Analysis session long project 2 strategice management 599
Read TextPreview

Extract of sample "External Environment Analysis session long project 2 strategice management 599"

Step One: SIC SIC stands for Standard Industrial ification System. This is a method used in North America for the ification of the industries. This code is mostly a four digit code. For an external analysis, it is essential to find the industry in which the company operates in and the companies that it competes against. This makes it easier for a competitor’s analysis and the industry trends which is an essential aspect of the external analysis. One of the best places to find this information includes the following link, where the industry can be searched for by keyword and based on the SIC number itself. The link below is an example of the clothing industry:
The website provides a clear and organized litst which allows users to search based on the SIC of the companies, the name of the companies or even the industry.
Step Two: Porter’s Five Forces:
Michael Porter has devised a framework which provides a better understanding of the industry and how companies can be affected by forces within the markets. The five forces that he has described are: a) Threat of new entrants, b) Determinant of buying power, c) Threat of substitutes, d) Determinants of supplier power, and e) Rivalry among the firms. This allows a focused and better analysis of the external factors of the industry.
The two sources include:
a) This website provides a clear explanation of the Porter’s Five Force model and gives a deep and clear understanding of each and every point of the analysis. This can be retrieved from the following website: This site is more detailed and helps understand the topic in a deeper manner.
b) Marketing This website provides students with all the concepts of marketing and helps business students to a great extent as it allows a simple explanation of all the topics making it simpler for all students. This can be accessed from the following link: This website is very simple and to the point form of explanation of the topic.
Step Three: PEST Analysis:
This analysis is to provide for a better understanding of the major external elements that affect the performance of a company. This highlights the major elements like the political, economical, social and also the technological factors that can cause any affect to the company’s performance.
The two sources include:
a) Similar to the marketing teacher website, this website also provides business students with a chance to learn the concepts in a simple and straight forward manner. The language is simple and the explanation is very helpful to deepen the knowledge of the topic. The website can be retrieved from
b) QuickMBA: The second reference that can be used for this study includes quickmba, which is another website to assist students learn the basics of topics and to improve their knowledge on the business concepts. This can be retrieved from
Both these links provide a clear understanding of the topic and allows the students to get a clear understanding of the PEST analysis and its application. Read More
Cite this document
  • APA
  • MLA
(“External Environment Analysis session long project 2 strategice Essay”, n.d.)
External Environment Analysis session long project 2 strategice Essay. Retrieved from
(External Environment Analysis Session Long Project 2 Strategice Essay)
External Environment Analysis Session Long Project 2 Strategice Essay.
“External Environment Analysis Session Long Project 2 Strategice Essay”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF External Environment Analysis session long project 2 strategice management 599

MGT 511 session long project MODULE 5 Performance Management (walmart)

... XXXXXX Number: XXXXXX XXXXXX XXXXXX XXXXX of XXXXXXX XX – XX – 2011 Performance Management Systems – WalMart WalMart focuses a great deal on the performance management systems used within the company. The company focuses a great deal on the training and development of the employees and ensures that this is an ongoing part of the life of the employees. The performance of the employees, known as ‘associates’ at WalMart, is given prime importance, and this is one of the largest strengths of WalMart’s performance management system. The company ensures that the employees have all the tools, techniques which can assist them in improved overall performance as well as help in better results for the company as well (Aguinis). In terms... of the...
2 Pages(500 words)Essay

External and Internal Environment Analysis

...?External and Internal Environment Analysis Introduction An organization survives due to its powerful external and internal environment because it guarantees its productivity and competitive integrity in all leaps and bounds. Organizational environment consists of many such elements which have a direct and indirect influence upon the performance and reputation of whole of or some parts of the organization. This paper tends to identify and analyze important environmental factors and strengths and weaknesses of organizational environment of Human-Care Organization located in (insert name of your city) which is a social...
5 Pages(1250 words)Essay

External Environment Analysis

...? External Environment Analysis Section Southwest Airlines, Retrieved from http The Southwest Airlines has its headquarters in Dallas, in the state of Texas. The company was established in the year 1967 and adopted the current name it utilizes in the year 1971. It is also the biggest low-cost transporter of goods by air within the United States and also has the largest records of the domestic transportation of passengers within the country. The airline has a fleet of over five hundred airplanes of the Boeing 737 type. It previously operated using Boeing 727 airplanes but has recently updated their fleet to the more advanced airplanes to meet the demands of their...
3 Pages(750 words)Term Paper

Module 04 - Session Long Project

...What strategic choices did CEO Pressler make during his tenure? CEO Pressler had done a lot of strategic turnaround without managing the strategic process well in order to ensure the long-term health of Gap, Inc. Among the strategic choices that he had made in his tenure were: changing the target market of GAP, thus alienating long-time customers; tinkering with managing the Gap brand.; changing the corporate culture of Gap, Inc.; and revamping the supply chain of the company; Identify and analyze strategic choices Gap Inc. made during CEO Presslers tenure. The major issue about CEO Pressler’s initiatives was that the strategies that he employed were mostly...
2 Pages(500 words)Essay

Human resources management (Employee Recruitment PRACTICES) SESSION LONG PROJECT 1

...of the company (Retail Merchandiser, 2003). Wal – Mart uses a new technology as the recruitment system. This is one which allows for a through analysis of each of the applicants this is to find the best match for the job. The recruitment of the employees is done by filing out of online application forms and by visiting the store itself. Wal – Mart has a strong need to have a good mix of different cultures and high diversity in the company (GDS Publishing, 2009). For this the company has undertaken serious steps to ensure that employees from all the different walks of life get a fair chance to work for the companies. The recruitment method used by the company is very beneficial as it allows the company to rightly recruit...
3 Pages(750 words)Essay

ETH501, Business Ethics, Mod 2 Session Long Project

...The Coca-Cola Company may be the biggest brand in the world, but its employees also experiences same problems as experienced by the employees of any other company. Coca-Cola employment contracts may look very tempting at the first look but they can be as bad and as unethical as any small or not well reputed company may offer. The Coca-Cola Company stops its employees to say anything bad about the company in front of media. Although, employees are ambassadors of the company and should praise the company, but stripping them of their basic fundamental right to speak they want cannot be justified under any circumstances. It is the company’s duty to inculcate such an environment in the company and practice such ethical...
2 Pages(500 words)Essay

Case 2: Organizational Diagnosis, SLP:Time Warp session long project (2)

...Submitted by: XXXXXXX Number: XXXXXX XXXXXX XXXXXX XXXXXX of XXXXXX XX – XX – 2010 Handheld Corporation This report aims at presenting the decisions taken from 2006 – 2009 and the rationale behind these decisions. Based on this analysis, recommendations are provided for plan of action in the next year, 2010. The pitfalls identified in the decisions of Joe Schmoe are avoided and decisions are made carefully based on the market conditions and the requirements of the customers. Key importance is also given to the stage of the product lifecycle in which each of the three products are present in the particular year. The revised decisions and the outcome from the same are presented in the following sections. Year 1 - 2006: Comparing... at $...
4 Pages(1000 words)Essay

Session Long Project 1 - WalMart - SHRM

...XXXXXXX Number: XXXXXXX XXXXXXXX XXXXXX XXXXX of XXXXXXX Submission: XX – XX – 2011 Session Long Project 1 - WalMart - SHRM Chosen Company: The company chosen here is WalMart. The relation to this company is indirect. A few of my friends have worked for the company. WalMart is the world’s largest retail store. Over the past years the company has been able to gain the position of the world’s largest retail company and is thrice as big as its closest competitor. WalMart – HR Department: The company’s main values and beliefs are – respecting individuals, service to the customers and striving for excellence. In terms of the employees it is seen that although the company promises and...
2 Pages(500 words)Essay

External Environmental Analysis CS 2

...External Environmental Analysis CS 2 Table of Contents Table of Contents Executive Summary 2 Introduction 3 External Environment Analysis of Coca-Cola 3 Porter Five Forces Analysis 3 PEST Analysis 4 Conclusion 6 Reference 6 Executive Summary This research paper contains the environmental analysis of Coca-Cola. For doing the environmental analysis of the company the researcher has used the Porter’s Five Forces Model and the PEST analysis framework. By using the two frameworks the researcher has identified the opportunities and threats of...
4 Pages(1000 words)Essay

Population Pyramids-Session Long Project still has numerous challenges in its health or social and economic sectors. Chinese economy is still dwindling and it has not formulated proper health care systems for its growing population; hence, its birth rate almost equivalent with its population death rate. This explains that the number of elderly persons in China will remain nearly the same with number of children born in China (Micklin and Poston, 2006). In other words, between 5 and 20 years to come, China will never record a significant difference between it elderly persons, youths, and children. ReferenceTop of Form Bottom of Form Top of Form Bottom of Form Top of Form Bottom of Form Caselli, G., Vallin, J., & Wunsch, G. (2006). Demography: Analysis and...
4 Pages(1000 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic External Environment Analysis session long project 2 strategice management 599 for FREE!

Contact Us