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How does internal and external factors into a companies strategy

by | Nov 30, 2023 | questions

Companies are always responding to inside and outside forces. There are pressures from customers, the marketplace,
governments, suppliers, and many other factors connected to the business. Some of these factors impact how leaders of
a company respond with strategies and their implementation.
For this essay, you will conduct research on how internal and external forces impact a corporation’s strategy and
implementation. You may use the same company or organization you have used for the SWOT and EFAS table, or you
may choose a new one. You must use at least three sources. In your
essay, address the following questions:


 ? Describe the general forces of sociocultural, technological, economic, environmental, and political-legal, in the
societal environment. How does your company address each of these?

 ? Distinguish between a fragmented and consolidated industry, and describe examples of each. Given the business
area of your company, does the company exist in a fragmented or consolidated industry? Within this industry
type, is the company more consolidated or fragmented?

 ? In what ways may a corporation’s structure and culture be internal strengths or weaknesses? Look at your
organization, and analyze its structural and cultural strengths and weaknesses.

How can the weaknesses be
improved? How would an IFAS Table help in this situation?
Your essay should be at least two pages in length, double-spaced, and in 12 pt. Times New Roman font. The title and
reference pages do not count towards the minimum page length. To complete this assignment, a minimum of three
reputable sources must be used, cited, and referenced. At least one reference.
Use APA style guidelines.
Information about accessing the grading rubric for this assignment is provided below.
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