Strategic Management.Changes In The Remote Environment Of U.S Assignment

Strategic Management.Changes In The Remote Environment Of U.S - Assignment Example Further, the essay illustrates a competitor profile for the American university versus the Stanford university and lastly, this essay elaborates on the outlines of the success of the Google firm and the industry analysis model to name but a few. 1.) Briefly describe two important recent changes in the remote environment of U.S. business in each of the following areas: a.) Economic b.) Social c.) Political d.) Technological e.) Ecological Having put that across, it is worth to note the pertinent changes that the U.S business has undergone so far. U.S’s remote environment on business has undergone through several changes if viewed under the following factors, economic, social, technological, ecological, and political. First is pertinent to understand that, the economic nature of a business involves the direction and nature of the economy in a given firm. Therefore, two factors that affect the remote economical changes of the business are first, the consumption patterns, where it is vital for each firm to consider the trends of its economy affecting the industry. Second, managers should consider general inflation rates, credit accessibility and the growth of the gross national product. Secondly, on social issues it can be noted that recently women have proved to be the majority entry in the labor markets. However, the above has not only affected the compensations, hiring, and employee’ resource capability but also it has created the expanded product demand. In addition, the second pertinent social alteration is the customer accelerating interest as well as quality life employees. Workers tend to demand salary increase, and other advanced opportunity, which is incorporated in the social status. On political side, it is pertinent to acknowledge the fact that stability as well as direction of politics are core factors that facilitate the evaluation of the remote environment. Example of the two factors is the government acts in supporting the competitorà ¢â‚¬â„¢s advantages and some actions of government. The above, can affect the firm’s remote environment, such actions are the customer, and supplier functions. On other hand, the technological issue also affects the remote environment of the business in U.S. Here, technological factor is essential in promoting the innovation and in avoiding the obsolescence; therefore it is vital for the firm to be aware of the industrial influence on the technology. Technological change may affect the new markets that are sophisticated and it can as well shorten the firm life in anticipation. Another factor is the ecological niche, here the experts discusses that the core factor in the environmental remote is relationships between ecology and business in a reciprocated manner. A major cause of concern here is the human activity in an industrial society, which is a threat to the support of life. It is disturbing to realize that global climate has been a huge change in the remote of business r ealm. Another pertinent area is the loss of biodiversity and habitat. According to the experts, it is pertinent to acknowledge the fact that change of fauna and flora is at high speed and this can lead to its extinction. 3.) Develop a competitor profile for American Public University System and Stanford University. Next, prepare a brief strategic plan to improve the competitive position of the weaker of the two colleges. A worth noting fact is that in any given firm, competitors play a great part in either ensuring the development of the business environment or brings a business to a halt. For instance, the American university and the Stanford University have their own competitors staged in a well-set profile. However, the