Analyze the effects of the general environment, competition, threats, opportunities, strengths, and weaknesses relative to a corporation.

Bus 499, week 6, assignment 2, external and internal environment

All of these factors can have an impact on a company’s operation. The external environment includes economic conditions, regulatory and legal requirements, technology advances, and social trends. The competition is the other companies in the industry that are competing to get customers and resources. Opportunities are anything that can lead to a business’s growth. Threats include any dangers, risks, or potential problems that might affect its success. Strengths or capabilities that are unique to an organization are considered strengths. Weaknesses, on the other hand, are things that hold it back.

These elements can help to gain a better understanding of what’s going on in the company, and then determine where there are improvements that need to be made. It’s also essential to understand the need for different strategies and how they can be implemented in order to capitalize on threats as well as opportunities. By taking all the variables into consideration, you can create a comprehensive assessment and move ahead with more confidence.