External Analysis encompasses examining both the environment and the competition. (The competitive analysis portion of the external analysis is part of the discussion board topic on Porter's Five Forces.) When developing your responses to this discussion board topic, pay particular attention to the reading assignments that detail the different areas of investigation when conducting an environmental analysis.
Perform your own mini-analysis and reflection on the questions below in preparation for the assignment; it is intended that you will be able to take what you learn from this discussion and use it in your assignment in external analysis.
Share your thoughts and observations in a well-written posting. Include examples and comments about how specific environmental opportunities and threats impact StilSim Personnel.
What elements of each environmental area pose an opportunity or threat to StilStim?
Which environmental factors do you think are most significant? Why?
How might these environmental elements be mitigated or leveraged by StilSim?
NOTE: When exploring environmental factors, research information about national trends found in the real world, such as unemployment statistics, aging population, etc. When analyzing local environmental factors of significance, use information provided in the StilSim Personnel simulation. Remember to examine both levels of environmental impact (national and local). In your post report what you find and cite your references in APA style.
After you have posted your responses to the topic questions, review the thoughts of other students and respond to at least one classmate. Pose questions and offer ideas in responses to their posting(s). Do you agree with their comments? Remember that simple "Me too" and "I agree" responses do not count toward participation points.
Competitive advantage requires a strategic viewpoint that is often different from that taken by competitors, but can still be supported by solid analysis. (Learn from others, but formulate your own thoughts.)