Research all 8 segments of the General External Environment which can influence businesses and detail findings in
Question:
Research all 8 segments of the General External Environment which can influence businesses and detail findings in your post. Detail both the actual situation and emerging trends; students may know some impacts from watching the news so use them! Do not define each segment as I have done that already.
The objective of this discussion is to list data and information for the various definitions provided.
Demographic- composition of marketplace, expected changes, population changes, income distribution, age structure, etc.
Economic- standard of living, inflation, interest rates, energy prices, growth rate (GDP), threat of recession, job market, etc.
Political and Legal- laws, regulations, trade agreements, possible new regulations, outside group pressure on politicians (lobbyists), elections and election results, etc.
Social and Cultural- social beliefs, values, customs, cultural groups, labor force participation rate,etc.
Technological- rate of technological change, availability of technology, the impact of automation on workers and profits, etc.
Global- developing markets, global competition, cultures in other countries, unstable governments, war, terrorists, etc.
Sustainable Physical- what are the potential and actual changes in the physical environment, ecological, social, economic systems, and business practices (CSR), etc.
EXAMPLE OF A GOOD POST:
Global - the pandemic has affected economies worldwide; the global supply chain is currently broken; travel has been restricted for several years; many non-industrialized countries do not have access to vaccines; migrants continue to move around the world looking for opportunity; the war in Europe is creating problems.