Professional Documents
Culture Documents
—Charles Darwin
Ch 3 -5
Copyright © 2011 Pearson Education, Inc.
Publishing as Prentice Hall
External Strategic
Management Audit
– Environmental Scanning
– Industry Analysis
The global economic recession’s impact on both strong and weak firms
has added credence to the notion that external forces are more
important than internal. Many thousands of internally strong firms in
2006–2007 disappeared in 2008–2009.
organizations
Copyright © 2011 Pearson Education, Inc.
Publishing as Prentice Hall
Ch 3 -18
Political, Governmental, and
Legal Forces
Government Regulation
Patent laws
Protectionist policies
Major Impact –
•Internet
•Softwares
•E-products
Internet Consultants
Employees Trade journals
Managers Want ads
Suppliers Newspaper articles
Distributors Government filings
Customers Competitors
Creditors
decrease
New substitutes emerge