1.5 External environment Flashcards
1
Q
What are the external influences?
A
Social Technological Environment Economic Political Legal Ethical
2
Q
What are social influences?
A
Attitude of society towards wide range of issues Population demographics Roles and attitudes of people Cultural and religious beliefs Security and education
3
Q
What are technological influences?
A
Use of tools and machines
Information technology
Innovations in technology
4
Q
What are economic influences?
A
State of the economy Interest and tax rates Exchange rates and foreign relations Inflation rates Unemployment rates
5
Q
What are environmental influences?
A
Abundance of natural resources or raw materials
Threats from nature (natural disasters)
Waste disposal/recycling
6
Q
What are political influences?
A
Laws & policies
Changes brought about by new government
Possible effects of political unrest
7
Q
What are legal influences?
A
Employment or contract laws
Trade unions
Environmental protection regulations
8
Q
What are ethical influences?
A
Client confidentiality
Bribery and other forms unethical (and possibly illegal) business transactions
Fair competition
