Strategic Management.Changes In The Remote Environment Of U.S - Assignment Example

? Strategic Management Institute of affiliation Changes in American remote environment for business are the core determinant of the business stabilities. Considerably, this essay will describe the recent changes primarily in the remote milieu of the US business under the following headlines economy, and political, technological, as well as ecological factors. Further, the essay illustrates a competitor profile for the American university versus the Stanford university and lastly, this essay elaborates on the outlines of the success of the Google firm and the industry analysis model to name but a few. 1.) Briefly describe two important recent changes in the remote environment of U.S. business in each of the following areas: a.) Economic b.) Social c.) Political d.) Technological e.) Ecological Having put that across, it is worth to note the pertinent changes that the U.S business has undergone so far. U.S’s remote environment on business has undergone through several changes if viewed under the following factors, economic, social, technological, ecological, and political. First is pertinent to understand that, the economic nature of a business involves the direction and nature of the economy in a given firm. Therefore, two factors that affect the remote economical changes of the business are first, the consumption patterns, where it is vital for each firm to consider the trends of its economy affecting the industry. Second, managers should consider general inflation rates, credit accessibility and the growth of the gross national product. Secondly, on social issues it can be noted that recently women have proved to be the majority entry in the labor markets. However, the above has not only affected the compensations, hiring, and employee’ resource capability but also it has created the expanded product demand. In addition, the second pertinent social alteration is the customer accelerating interest as well as quality life employees. Workers tend to demand salary increase, and other advanced opportunity, which is incorporated in the social status. On political side, it is pertinent to acknowledge the fact that stability as well as direction of politics are core factors that facilitate the evaluation of the remote environment. Example of the two factors is the government acts in supporting the competitor’s advantages and some actions of government. The above, can affect the firm’s remote environment, such actions are the customer, and supplier functions. On other hand, the technological issue also affects the remote environment of the business in U.S. Here, technological factor is essential in promoting the innovation and in avoiding the obsolescence; therefore it is vital for the firm to be aware of the industrial influence on the technology. Technological change may affect the new markets that are sophisticated and it can as well shorten the firm life in anticipation. Another factor is the ecological niche, here the experts discusses that the core factor in the environmental remote is relationships between ecology and business in a reciprocated manner. A major cause of concern here is the human activity in an industrial society, which is a threat to the support of life. It is disturbing to realize that global climate has been a huge change in the remote of business realm. Another pertinent area is the loss of biodiversity and habitat. According to the experts, it is pertinent to acknowledge the fact that change of fauna and flora is at high speed and this can lead to its extinction. 3.) Develop a competitor profile for American Public University System and Stanford University. Next, prepare a brief strategic plan to improve the competitive position of the weaker of the two colleges. A worth noting fact is that in any given firm, competitors play a great part in either ensuring the development of the business environment or brings a business to a halt. For instance, the American university and the Stanford University have their own competitors staged in a well-set profile. However, the above portrays the difference in productivity level of the two. According to the study, it is well known that the American University is regionally accredited institutions that offer flexible degree of more than 100 different programs. Here, the competitive landscape outlines over 30 sales related parameters, market cap, employee’s growth, as well as the profitability. To conduct a clear competitive analysis, the landscape should bear identity trends and corporative strategy. Some of the competitive profile includes the valuation, key numbers, profitability, per share data and lastly the growth statistics. On contrary, it is notable that the Stanford University on other hand has several competitor profiles that have steady departments. For instance, its competitors have 35 varsity sports with almost 800 participating students. Making strategy to carry out several challenges for instance a way should be formulated to achieve the sustainable competitive advantage over other firms in the market and the competing products. Below is a structure of a strategy that the Stanford University, which is a weaker collage, should adopt to increase its competitive profile. If the above is correctly and timely followed, then the weaker collage will automatically increase in its competitive profile (Pearce, & Robinson, 2008. p.57). 5.) Google has enjoyed great growth in recent years. To what degree and in what ways do you think Google's success resulted from taking advantage of favorable conditions in its remote, industry, and operation environments? Google has been one of the firms that have had a great and enjoyable growth of profit in the recent period. Google did succeed in taking the advantages of the favorable conditions in its industry, operation, and remote environment as follows. Google did maintain a democratic and casual atmosphere, which gave it a name as distinct company. The company used tactics of not boosting a middle management and the upper management to be very much reliable. Consequently, this made it hard to be qualified in a separate category. It used remote operation where teams were made of members who had equity in the authority and was incorporated by maintaining an autonomic level. Google goes further to boost some unique cultural aspects for instance, the local touches that expressed a unique office location as well as personality. Another cultural aspect is the Dogs, massage chairs, the lava lamps and finally, another factor that made Google firm to move to its current profited state is the availability of communal groups of all type, for instance the film clubs, meditation classes and the wines testing groups. 9.) The model below depicts industry analysis as a funnel that focuses on remote-factor analysis to better understand the impact of factors in the operating environment. Do you find this model satisfactory? If not, how would you improve it? Factors in the remote environment --------> Industry analysis ------------> Factors in the operating environment A model usually outlines the industrial analysis and it is used as a funnel that illustrates the remote factor, which narrows to the factors that affects the operating environment. The model; Factors in the remote environment --------> Industry analysis ------------> Factors in the operating environment The above model, do not satisfy and so there is a call for improvement on to it. Some of the improvement is that the model should have macroeconomic environment. This vital environment can determine the stability and the degree to which the business has grown. To crown it all, this essays talks about the major information concerning remote environmental factors in the U.S. Precisely, the recent changes in the environment of the U.S has been tackled, and a competitor profile of the American university versus the Stanford university system just to mention but a few. To crown it all, this piece of work is focusing the business environment in not only the US, but also the current nature of business. Reference Pearce, A.J. & Robinson, B. R.(2008). Strategic Management: Planning for Domestic & Global Competition edition 13. New York, NY: Cengage Learning. Read More