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Any business entity, whether a car manufacturing company, an FMCG, a steel plant or for that matter, a University, would have to chalk out and follow a business model for the future. This plan would be influenced by a number of factors external to the business itself…
These have been analyzed in the following paragraphs:
The Business Dictionary.com, (accessed on 16th June, 2008,) defines remote environment as "Ecological, political, social, and technological factors or forces that affect a form's decision making abilities and freedom, but are beyond its control or influence."
With reference to the University of Phoenix, the remote environment would include the ecological, political, social and technological factors that would influence the University's decision-making abilities. The University of Phoenix is committed to the cause of the environment. It already has an agenda set to ensure that its students learn about and respect the environment. "Go Green" is an initiative taken by the University to familiarize the students with environment issues. In future, not only would the University have to sustain its efforts in this direction, but it would also have to scale them up.
A change in the political leadership of the country would lead to changes in the way the University is governed. Compliance to new and changed rules and regulations for Universities might be necessary. The grants/subsidies given by the government for various courses (if any) might be subject to change with a change in the political situation in the country.
A definite shift in people's income levels and social standing might have a direct influence on the number of students enrolling in a particular course. ...
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