1. The document discusses whether external factors like a global recession are more important than internal factors in strategic planning. It argues that both external and internal factors are equally important and should be considered together.
2. It notes that governments turning to protectionism through tariffs and subsidies to cope with economic recession can help domestic industries and unemployment but may also lead to declining quality from lack of competition and outsourcing of jobs.
3. IT, communications, shipping, milk/dairy, and forestry are discussed as industries experiencing varying levels of technological change, with the first two undergoing rapid changes requiring different forecasting than the latter three with little change.
1. The document discusses whether external factors like a global recession are more important than internal factors in strategic planning. It argues that both external and internal factors are equally important and should be considered together.
2. It notes that governments turning to protectionism through tariffs and subsidies to cope with economic recession can help domestic industries and unemployment but may also lead to declining quality from lack of competition and outsourcing of jobs.
3. IT, communications, shipping, milk/dairy, and forestry are discussed as industries experiencing varying levels of technological change, with the first two undergoing rapid changes requiring different forecasting than the latter three with little change.
1. The document discusses whether external factors like a global recession are more important than internal factors in strategic planning. It argues that both external and internal factors are equally important and should be considered together.
2. It notes that governments turning to protectionism through tariffs and subsidies to cope with economic recession can help domestic industries and unemployment but may also lead to declining quality from lack of competition and outsourcing of jobs.
3. IT, communications, shipping, milk/dairy, and forestry are discussed as industries experiencing varying levels of technological change, with the first two undergoing rapid changes requiring different forecasting than the latter three with little change.
1. The document discusses whether external factors like a global recession are more important than internal factors in strategic planning. It argues that both external and internal factors are equally important and should be considered together.
2. It notes that governments turning to protectionism through tariffs and subsidies to cope with economic recession can help domestic industries and unemployment but may also lead to declining quality from lack of competition and outsourcing of jobs.
3. IT, communications, shipping, milk/dairy, and forestry are discussed as industries experiencing varying levels of technological change, with the first two undergoing rapid changes requiring different forecasting than the latter three with little change.
eR. Del aCr uz St rat egi cManagement BSBA- FM4Bl k3 Sept ember29, 2021 ASSI GNMENT
EXTERNALASSESSMENT
1 .Theglobalrecessi onf orcedthousandsoff ir msint obankr upt cy.Doesthisfact al oneconfi rmt hat“externalfact orsaremorei mport antt hanint ernalf actors” i nstr ategi cplanning?Di scuss Globalr ecess i onisaper iodofeconomi cdecl inear oundt hewor l d,wherei nt her ear e fewerj obsandpeopl emaki ngl essands pendingl es smoney,andbus i nes sesar e givingandmayevenocl ose. Idon’ tthi nks o,thatt hegl obalisthereasont hatc aus ed manyf irmsi ntobankr uptcyconf ir mst hatex ternalfact orsaremor eimpor tantt han i nt ernalf actors .Forme,bot hex ternalandi nternalf actorsareequali nwei ght ,and bot hs houl d be planned and t aken car e of .AsIr es ear ched,t here ares ever al bus i nes sesandf i rmsbenef i tedi nt heglobalr ecession,t hereasonthatt heyhadt he upperhand i n a wayt hatt heycoul d acqui res omeoft hef ir mswi tht hes ame i ndus t ri esast hem thatar estruggl i ngatt hes amet i me. Putthatwayt hat,wec annot cons i derex t ernalfactorswi thoutt heinternalf actor sandvi cever sa.I ts aidt hatt he externalf actorssetthes tagef orwhatacompanymus tdealwith,andont heot her hand i nternalf actor sl argelydet erminet heex t entt o which companyi sabl et o per f orm wel linagi venci rcums tance.Asf ort hatdoesnotconf irmt hat,ex ternal factorsar emuchi mportantthani nternalfactors,butbot hofthem areimpor tant .
2.Gover nment swor l
dwideareturni ngto"protecti oni sm"tocopewitheconomic recession. i mposing tari ff s and s ubsi dies on f oreign goods and restr ictions/ incenti vesontheirownfir mst okeepj obsathome.Whatar ethe strat egi cimplicat ionsoft histr endfori nternational commer ce? Asagover nments ometimeus eprotecti onism,andi mpos ingtari ff sonf or eigngoods andr estr icti onont heirownf ir msi nkeepi ngt hejobsathomewi llbeabi ghel pin managi ngeconomi crecessi onsanddecr easespr obl emsi nthecount r y,byr ecr uit ing unemployed candi dates tot hei rdomes ti ci ndustr ies.Allt hese benefit s ,many countri eswor l dwi dear eturningtopr otectioni sm,butdi s advant agescanbes ee thes e ar et he companieswi thoutcompet i tion decl ine in quali ty,itleadst ot he outsourci ngofj obsands l owseconomi cgrowt h.Byget t ingri dofout s idecompet i ti on, i twillendups uff eri ngfrom t heirisol ati on. 3.I denti fytwoi ndust ri esex peri enci ngr api dt echnologi calchangesandthr ee I ndust riesthatareexperienci nglitt letechnologicalchange.How doest he needfort echnologi calf orecasti ngdiff erintheseindustr ies?Why? Thetwomai nindustr iesthatareex peri enci ngr apidtechnologicalchangesincl udeIT i ndus t ryandcommuni cati onsindus t ry.Andt het hreeoft hoseindustr iesthatare experi encing verylit tletechnologi calchange i nclude shipping i ndustr y,mi l kand productsanddai r yindus t ryaswel last hefores ti ndus tr y.Thebas icreasonthathas resul ted i nt heneed f ordiff erencesi ntechnol ogicalforecasti ng actacrossthese i ndus t ri esincluderapi dr i seinthemeansoft echnol ogicalapproaches.
4.Di scus stheet hicsofgat her ingcompet it ivei ntel l igence. Gatheringcompet i tivei ntel li genc ei nformat i onisnotcor por ateespi onagebecaus eal l theinformat i onneededi savailabl ebyet hi calmeans ,mos t lyaccess ibl ethroughout theinternet.Fi rmsowei ttoallthei rstakeholder stogat hercompeti ti veofint ell igence andt operformt hi sacti vit ysys t emat i call yandet hi cal ly. 5.Di scus stheet hicsofcooper ati ngwi thr ival fir ms. Thenormsofpers onalethi csserveasafoundati onforbus i nessethi csandprovidefor cooper ati ngwithri valfi rms.Engagi nginunethi calpract ices,evenwithr ivalf ir ms ,wil l j eopardi zethei ndustr yaf i rmscredi bil i tyandrespectint hei ndust ry.
