The External Environment directly affects what a manager does.
Table of Contents
41.0 Introduction Ã¯Â¿Â½
54.0 Literature Review Ã¯Â¿Â½
65.1 Primary Factors Ã¯Â¿Â½
65.1.1 Political Ã¯Â¿Â½
65.1.2 Economic Ã¯Â¿Â½
75.1.3 Socio/Cultural Ã¯Â¿Â½
75.1.4 Technological Ã¯Â¿Â½
75.1.5 Legal/Legislative Ã¯Â¿Â½
75.1.6 Environmental/Ecological Ã¯Â¿Â½
75.2 Secondary Factors Ã¯Â¿Â½
85.2.1 Ethics Ã¯Â¿Â½
85.2.2 Judgement Ã¯Â¿Â½
85.2.3 Intuition or "Gut feeling" Ã¯Â¿Â½
85.2.4 Moods/Emotions Ã¯Â¿Â½
97.0 Real World Examples Ã¯Â¿Â½
97.1.1 The Cirque du Soliel Ã¯Â¿Â½
107.1.2 Apple Inc. Ã¯Â¿Â½
107.2.1 Chrysler Ã¯Â¿Â½
108.0 Conclusion Ã¯Â¿Â½
129.0 References Ã¯Â¿Â½
The importance of considering the external environmental forces and their impact on an Organisation and the managers within has been a hot topic of discussion for many years.
Most of the leading management experts have discussed this topic at some time or other and some have even developed tools that enable today's managers to analyse the extent of impact that could brought about by these external factors.
Tools such as the SWOT(where the O & the T stand for Opportunities & Threats respectively in the external environment) analysis introduced by Albert Humphrey and his research team at Stanford Research Institute, the PESTLE Analysis introduced by Frances Aguilar and the 05 Forces model and Porters Diamond introduced by Michael Porter of the...