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BUS485: Strategic Business Policy I & II Capstone: Modules 1 & 2

External Environment: Opportunities & Threats EFAS

External Environment Analysis Summary (EFAS)

This week:

  1. Generate 8-10 external factors, depending on the specific instructions from your instructor.
  2. Complete EFAS table; see the format of the EFAS table in the picture below.
  3.  Write sections I to III of the Strategic Audit.

Natural Environment

What forces from the natural physical environment are currently affecting the corporation and the industries in which it competes?

When relevant to your company of focus, consider the following:

  • Climate (global temperature, sea level, fresh water availability)
  • Weather-related Events (severe storms, floods, droughts)
  • Solar Phenomena (sunspots, solar wind)

Try these searches in some of our Business-related databases:

  • Chipotle AND (climate OR environment)
  • "fast food industry" AND sustain*
  • "taxi industry" and (legal or politic*)

Societal Environment

What general environmental forces are currently affecting both the corporation and the industries in which it competes?

Consider the aspects such as:

  • Economy
  • Technology
  • Politics
  • Laws
  • Sociocultural Factors

Try these searches in some of our Business-related databases:

  • "retail industry" AND econom*
  • ("television industry" OR "media industry") AND technology
  • ("jewelry industry" OR "engagement rings") AND "same sex marriage"

Task Environment

What forces drive industry competition? Are these forces the same globally or do they vary from country to country?

Consider key factors like:

  • Customers & Competitors
  • Suppliers & Creditors
  • Labor unions & Trade associations
  • Governments & Local communities
  • Interest groups & Shareholders

Try these searches in some of our Business-related databases:

  • ("electronic commerce industry" OR "e-commerce industry" OR groupon) AND competit*
  • ("automotive industry" OR "car industry") AND (suppliers OR "supply chain" OR supply) AND power AND "united states"
  • ("electricity industry" OR "general electric) AND (government OR unions) AND "united states"

WARNING!

Any information outside of the textbook must correspond to the dates of your case!

Do this by using the publication date filter available in the databases!