Identifies and analyzes the most important external environmental factor in the remote, industry, and external operating environments Identifies and analyzes the most important internal strengths and weaknesses of your organization: In order to maintain a competitive position in this industry, it is crucial for the company to analyze the conditions of the internal and external environment.
Public Domain Sony Corporation continues its global success by addressing the external factors and related issues in the remote or macro-environment of its business.
The company must effectively consider these factors in its strategic decision-making. Political stability of biggest markets opportunity Increasing governmental support for data security opportunity Increasing governmental support for online business opportunity Sony Corporation benefits from the political stability in majority of the biggest markets.
This stability corresponds to the minimization of political barriers in the remote or macro-environment, thereby presenting opportunities for business expansion.
In addition, Sony has the opportunity to grow based on the increased governmental support for data security. Governments are now increasing their efforts for data security, which supports the growth of businesses with online operations.
In relation, governments are developing additional measures to support online business. This external factor creates opportunities for Sony to enhance its online operations. For example, the company can expand its online services in relation to its gaming products.
Sony needs to consider the following economic external factors in its remote or macro-environment: High growth of developing markets opportunity Economic stability of developed markets opportunity Increasing disposable incomes opportunity Sony has the opportunity to grow alongside the economic growth in developing markets.
In addition, the economic stability of developed markets presents opportunities for Sony to enhance its operations, while experiencing minimal market-based risks. Another consideration is the increasing level of disposable income worldwide.
This external factor creates opportunities for Sony to grow its revenues. For example, the company can market the PlayStation more aggressively, based on the expectation that customers are increasingly capable of buying the product.
The following sociocultural external factors are relevant in the case of Sony Corporation: Increasing adoption of online gaming opportunity Improving wealth distribution opportunity Increasing openness toward leisure opportunity The increasing adoption of online gaming and the improving wealth distribution create more opportunities for Sony to increase its revenues from the sale of its gaming products.
For example, the company can expect potential increases in PlayStation sales revenues, as more people are likely to purchase the product. In addition, Sony can boost its sales revenues based on increasing openness toward leisure. This external factor highlights the benefit of marketing gaming and entertainment products to address the leisure needs of target customers.
Sony must address the following technological external factors: This external factor points to increasing individual and organizational demand for digital technologies. For example, the integration of digital technology in smart homes presents new markets or market expansion opportunities for Sony.
In relation, the company can exploit the high rate of adoption of mobile technologies by innovating its mobile devices for higher competitiveness and revenue generation. This external factor is a threat because it creates more challenges against the company. Nonetheless, based on the same external factor, Sony has opportunities to grow its electronics, gaming, entertainment and financial services businesses.
Increasing emphasis on business sustainability opportunity Increasing demand for environmentally friendly products opportunity Increasing availability of recycling facilities opportunity Sony Corporation has growth opportunities based on the increasing emphasis on business sustainability.Samsung PESTEL Analysis Posted on October 4, by John Dudovskiy PESTEL is a strategic analytical tool used to assess the impact of external factors on businesses.
Samsung Mobile, a part of South Korea's Samsung Group, is the biggest smartphone maker in the world by volume. The company is best known for its mid-range smartphones, even though it also produces top-end models that compete with iPhones.
After gathering data about societal and industry environments, a number of external factors important to the farm business will be identified. The farm business manager can refine the analysis of these factors by dividing these factors into opportunities and threats.
Jun 29, · External Factors. External factors that affect an organization may be political, economic, social or technological. RIDGEFIELD PARK, N.J. – June 29, – Samsung Electronics America, Inc. reveals results from a new survey around smartphone use during the summer. In a survey of 1, smartphone owners, Samsung found smartphone use increases 42 percent during .
Samsung are able to sell products at lower prices than competitors owing to the fact that they do not develop their own Operating Systems and Software on their PC's and Smartphones Focus Strategy Samsung focus on a wide range of sectors, including TV's, PC's and Smartphones.