EVALUATING A COMPANY'S EXTERNAL ENVIRONMENT

Assalamualaikum...first thing first I just feeling thanks to all my readers because gived me an oppurtunity for being me as a blogger. I just think that without readers,being as blogger is nothing..For me, this is one of my glory that i ever had and I felling impresive to myself.Hahaha.. :) By the way, actually I still need to keep on eye to this blog because I need to update at every single week of lecture as my assigment.Meaning to say, it all about marks,hahaha just little joke but if you think that is true yes you are..hahaha.Okay just straight forward, today I will sharing to you about something new thing that I've learn for the third weeks.It about of EVALUATING A COMPANY'S EXTERNAL ENVIRONMENT, this chapter is quite familiar with me or those readers are came from business student background. But about what I had learn was deeper than I expected.It is about PESTEL..

P : political #its was a government intervenes in the economy include such matters as tax policy,tariffs & etcs
E : economic # about econ climate,inflation rate, unemployment and else
S : social # pertainning of social values, cultural factors, demografic factors & more
T : technoligical # include the pace of technological change like genetic engineering & nanotechnology...
E : environmental # reflect on environmental forces such as weather, climate change and else..
L : legal # relating on regulations and laws which companymust comply such as consumer law & many more

*these several components of macro-environment which is could gived impact to business over which the firm has no direct control.

Let me sharing with you about the second lesson that I had.Before that, let me ask you something about competitors.. guess whose the competitor that would appear when the business is running.?? let me guess you will be say the competitor should be from rival sellers isn't? yes its right, but it more than that actually,

There have 5 of th COMPETITIVE FORCES:
@>> Competition from rival sellers
@>> Competiton from potential new entrants
@>> Competition from producers of substitute products
@>> Supplier bargaining power
@>> Customer bargaining power

*wAOW its quite challenging being as businessman huh!! they need bulit up a super duper implement or agressive action to all those competitors.
okay I think I should stop at here and Insya Allah  from bless of Him , I could continue my writing for the next post as my next lecture. "HAPPY LEARNING"