Discussion the relevant dimensions of the general


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Thoroughly research and analyze two opportunities and two threats that this organization is facing. Each of these opportunities and threats must come from a force or forces occurring within a dimension or dimensions of the general environment within the organization's external environment (Keep in mind an opportunity or threat can stem from more than one dimension within the general environment.). Be sure to include in your discussion the relevant dimensions of the general environment from which each of these forces is derived that are creating the specific opportunity or threat for the organization.

Please Note-The dimensions of the general environment.

Please ensure that you comment on trends in each of the six (6) external forces. You will use this analysis in order to complete next week's SWOT chart.

Managers' decisions and actions are constrained. External constraints come from the organization's environment and internal constraints come from the organization's culture.

The term external environment refers to factors and forces outside the organization affecting its performance.

1. The economic component encompasses factors such as interest rates, inflation, changes in disposable income, stock market fluctuations, and business cycle stages.

2. The demographic component is concerned with trends in population characteristics such as age, race, gender, education level, geographic location, income, and family composition.

3. The political/legal component looks at federal, state, and local laws as well as global laws and laws of other countries. It also includes a country's political conditions and stability.

4. The sociocultural component is concerned with societal and cultural factors such as values, attitudes, trends, traditions, lifestyles, beliefs, tastes, and patterns of behavior.

5. The technological component is concerned with scientific or industrial innovations.

6. And the global component encompasses those issues associated with globalization and a world economy

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Business Management: Discussion the relevant dimensions of the general
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