ENVIRONMENTAL SCANNING: SOCIETAL ANALYSIS Flashcards
the changes in the _____ ________ have an impact on the _____ _____ first in terms of resource availability and cost, and later on, the industry environment in terms of growth or decline of particular industries
physical environment, societal environment
is generally composed of social, political, cultural, economic, legal, and technological forces
societal environment
the critical evaluation and thorough study of the environment where the business operates is technically called __________
environmental scanning
_________ ________ are factors which are primarily caused by changes or movements in the Philippine economy that have direct or indirect effects on the entrepreneurial venture
economic forces
economic forces are:
i_____ rates
i_____ rates
f______ policies
m_____ policies
interest
inflation
fiscal
monetary
economic forces are:
i_____
e______ rates
e______
c_______ confidence
income
exchange
employment
consumer
refers to the integrated characteristics of a group of people or ethnic group in a particular society
cultural forces
cultural forces:
r___
l_____
b______
c_____
e______
religion
language
beliefs
customs
education
elements in society resulting from human interaction that can influence the thoughts, behaviour, attitude, and even beliefs and customs of people
social forces
elements usually comprising of systems, parties, and other related group that substantially influence the political stability of the country
political forces
v
t
l____ level
c_______ psychology
T_______ orientation
L__________ patterns
P _________ c______ roles
values
traditions
literacy level
consumer psychology
time orientation
lifestyle patterns
professional career roles
elements that are directly involved in the legislation and interpretation of leaves and ordinances directly affecting the business
legal forces
product c________, p______, l_____
health and s__________ of the workers
a__________ of election process
a_________ and P________
e______ pf profession
e______ a______ and fees
control. pricing, and labelling
safety
administration
advertising and promotion
exercise
education administration
refer to the trends and developments in computer and information technology that have impact on business.
technological forces
t____ regulations
t______
g_________ stability
u________
w_______ benefits
e________ practices
trade
taxation
government stability
unemployment
worker’s benefits
election practices.
