Crafting and Executing Strategy
22nd Edition
ISBN: 9781260157475
Author: Thompson
Publisher: MCG
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Question
Chapter 3, Problem 1LO
Summary Introduction
To identify: Factors that may have strategic implication in company’s broad macro-environment.
Expert Solution & Answer
Explanation of Solution
Usually, company that operates in broad macro-environment comprises of the following six main components they are,
- Environmental factors (based on natural environment)
- Social cultural factors,
- Economic conditions of the firm (like local, regional and national),
- Technological factors,
- Legal and regulatory components,
- Political factors.
Thus, each of these factors will have a potential to affect company’s more immediate industry and competitive environment.
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