Categories: Strategy

External Opportunities and Threats

&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad1" id&equals;"quads-ad1" style&equals;"float&colon;left&semi;margin&colon;0px 0px 0px 0&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;<p align&equals;"justify">External opportunities and threats are political&comma; legal&comma; economical&comma; social&comma; environmental&comma; technological&comma; cultural and competitive trends&comma; events and factors that may benefit or harm an organization in future&period; In contrast to strengths and weaknesses of an organization which are internal thus controllable factors &comma; external opportunities and threats are beyond the control of a single organization therefore&comma; categorize as external rather than internal&period;&lbrack;sky&rsqb;<&sol;p>&NewLine;<p align&equals;"justify">Rapid change in economy&comma; weather&comma; people way of living&comma; technology and culture are few examples of opportunities and threats&period; However&comma; different products&comma; services and strategies are made to capitalize on available opportunities and reduce the impact of threats&period; For example&comma; Apple recently release iPhone 5 to continue its legacy of iPhone and grab market share from Samsung product Galaxy S3&period;<&sol;p>&NewLine;<p align&equals;"justify">Following could be the external opportunities and threats for Wal-Mart&period;<&sol;p>&NewLine;<h3 align&equals;"justify">Opportunities <&sol;h3>&NewLine;<p align&equals;"justify">1-Contribute to corporate social responsibility&period;<&sol;p>&NewLine;<p align&equals;"justify">2-Improve perception of people via different programs&period;<&sol;p>&NewLine;<p align&equals;"justify">3-Partnership or acquisition of supplier&lpar;s&rpar; would further reduce the cost of the products&period;<&sol;p>&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad2" id&equals;"quads-ad2" style&equals;"float&colon;none&semi;margin&colon;0px 0 0px 0&semi;text-align&colon;center&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;<h3 align&equals;"justify">Threats <&sol;h3>&NewLine;<p align&equals;"justify">1- Economic slow down in USA reduces Wal-Mart revenues&period;<&sol;p>&NewLine;<p align&equals;"justify">2- Government regulation in different countries&period;<&sol;p>&NewLine;<p align&equals;"justify">The process of identifying&comma; monitoring and evaluating of external opportunities and threats for an organization is important to formulate strategies to utilize the available external opportunities and defend the external threats&period;&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad3" id&equals;"quads-ad3" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;

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