Module 2: Discussion: Key Forces in the External Environment Analysis

Apply the key forces outlined in your readings and videos to briefly conduct an external analysis of your case study organization. You may find these resources helpful for this discussion:

Mind Tools Editorial Team. (2017). Porter's five forces: https://www.mindtools.com/pages/article/n ewTMC_08.htm

Harvard Business Review. (2008, June 30).The five competitiveforces that shape strategies: https://www.youtube.com/watch?v=mYF2_FBCvXw (13:11)

Identify the key external forces and their relevance to your employer. As you will recall from your readings, the key forces that impact your case study organization from the outside are its customers, suppliers, and competitors.

The key forces that can have an influence on an organization are:

1. Technology advances 2. Social changes, beliefs, and actions 3. Regulatory changes 4. Political change 5. Economic conditions

These forces can subtly or significantly impact your organization and its future directions. Describe how advances in technology, social change, regulatory change, political change, and/or economics have currently impacted your organization, and how they may impact the organization in the future. Leaders need to be cognizant of what is currently impacting their organization and strategically plan for the future of the organization based on future trends.