Organisation and its environment Flashcards
1
Q
external forces
A
- technology
- socio-cultural
- physchological
- legal - governmental
- economic
2
Q
PEST analysis
A
Political
Environmental
Social
Technological
3
Q
Economic Factors
A
Long term:
- economic level of activity in the country
- rate of growth of population
- distribution of wealth
- level of taxation
Short term:
- inflation
- availability of foreign exchange
International:
- foreign exchange
- tariff levels
- taxation
- internal/ external competition
4
Q
Political factors
A
National and local factors:
- political stability of the country
- foreign exchange control
- employment policy
- redundancy laws
- wages and salaries
- trade unions
- working conditions
- education and training
international policy
- level of world tension
- immigration
- import/ export policies
5
Q
Technology factors
A
technology - application of science in industry
how much technology is important to your industry will depend on:
-the industry itself
-scale of operation
-market you are aiming at
-location of plant
6
Q
Social factors
A
- cultural traditions of country
- attitudes to work/ money
- racial and language structures
- family orientation
- pattern of spending
