ETOP ANALYSIS IN STRATEGIC MANAGEMENT PDF
SWOT & Etop analysisCollege desh baghat mgt (mandi gobindgarh) A VIEW SWOT & Etop analysis MBA Strategic Management Unit II(2). Environment Threat and Opportunity Profile (ETOP.) Meaning of Environmental Scanning: Environmental scanning can be defined as the process by which. Etop in strategic management pdf. Need for greater strategic thinking felt. Trends Probability of Occurrences Impact on strategies S1 S2 S3 T1 T2. Etop analysis.
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The downstream sector is a term commonly used to refer to the refining of crude oil and the selling and distribution of natural gas and products derived from crude oil. Understanding of management strategy or organization policy and effectiveness is not as easy; it requires looking at how company is griped with challenges, looking at the un and opportunities and finding solutions for facing it.
Each of the major factors pertaining to a particular sector of environment may be divided into sub-sectors and their effects studied. A company that bungles or ignores its image is likely to encounter a variety of problems. Though some elements affect the organization as a whole, others affect only the management.
And finally the strategy manger uses his judgment to place various environmental issues in clear perspective to create amalysis environmental threat and opportunity profile. Changes in philosophy and leadership style are under the control of the manager.
This is achieved by brainstorming. Examples of external threats include new and existing regulations, new and existing competitors, new technologies that may make products or services obsolete, unstable political and legal systems in foreign markets and economic downturns.
Approaches and Techniques Used for Environmental Scanning. Technological up gradation of industry in progress.
A comprehensive ETOP requires subdividing each environmental sector into sub factors and then the impact of each sub factor on the organization is described in the form of a statement. It is important to recognize potential opportunities and threats outside company operations.
When organizations are alert and have enough resource they can turn a threat into an opportunity, such as a new technology that may displace one of the key products but also provides an opportunity analysid new product development. Leadership matters a lot in controlling the internal environment.
Business Management Lesson: Environmental Threat & Opportunities Profile (ETOP)
Regards Vinay Kumar Sharma. Strtegic you good luck and best wishes to your sincere endeavours. India is weak in it. Matrix Structure suits businesses with diverse products and diverse markets August 6, But contrast the implications of this ETOP for a etrategic manufacturer who is planning to enter this industry. Data should be collected from good sources otherwise the entire process of environmental scanning may go waste. For company to function very well and to be productive to its maximum standard effective strategy should not be analtsis.
Environmental scanning is the monitoring, evaluating, and disseminating of information from the external and internal environment to key people within the corporation or organization. Since the company is an established manufacturer of motorbike, it has a favorable supplier as well as technological environment.
A matrix of comparison is drawn where one item or factor is compared with other items after which the scores arrived at are added and ranked for each factor and total weight age score calculated for prioritizing each of the factors. Currently, Dehradun based University of Petroleum and Energy Studies is considered as the only private University which offers PHD, post graduate and undergraduate courses in energy and petroleum.
GE specializes in growth areas such as drilling equipment and compressors. You must be logged in to post a comment. In a competitive business climate, many businesses actively work to create and communicate a positive image to their customers, shareholders, the financial community, and the general public.
ETOP-Environmental Threat and Opportunity Profile
Some opportunities can be foreseen, such as being able to expand a franchise into a new city. Corporate image, or reputation, describes the manner in which a company, its activities, and its products or services are perceived by outsiders.
There are number of uncertainties exist in a business situation and so a company can be greatly benefited buy devising proactive and flexible strategies in their plans, structures, strategy etc.
Customer preference for motorbike, which are fashionable, easy to ride and durable. Importance of Maps November 25, The midstream industry processes, stores, markets and transports commodities such as crude oil, natural gas, natural gas liquids liquefied natural gas such as ethane, propane and butane and Sulphur. Sometimes very micro and neglected issues mar the strategy. The effort and the self belief is certainly going to get to a logical conclusion to your desire to improve academia and Industry in India.
As shown in the table motorbike manufacturing is an attractive proposition due to the many opportunities operating in the environment.
ETOP Analysis Environmental scanning is the monitoring, evaluating, and disseminating of information from the external and internal environment to key people within the corporation or organization.