Logical
Forces: Government domestic and international rules and
regulation.
Ecological:
- Ecological concern effect in the art.
- Economic arguments its accordance with the ecological issues.
Political
Factors:
- Govt. and political pressure use
- Views, philosophy, tendencies
Economic
Forces:
- Macroeconomics, microeconomic, inflation, depletion, economic reaction
- Foreign, exchange rate, balance of rate, balance of payment
Social
Forces:
- Culture
- Demographic (age, education, profession, social statues, gender)
Technological
Forces:
- New Technology
- New Process
- New Product
- New Market
Competitive
Forces:
- Difficult is that business three faces in the dynamic and changing competitive environment
- Tools and techniques of competitive analysis
- Structural analysis of competitive forces
Source of structural analysis of competitive force
they are-
- Entry barrier
- Rival among the competitors
- Bargaining power of buyer
- Bargaining power of supplier
- Impact of substitute
Outcomes
of LE PEST C Model: Enable students and managers to assemble
a logical and comprehensive picture of the environment. It is the
interrelationship between different factors which adds hot only complexity and
uncertainty but also provider riskiness and proper acuity.
2. Dartboard Model:
3.
Peace and Robinson: They separate the firm’s external
environment into three categories.
They are:
- The remote environment
- The industry environment or competitive
forces
- The operating environment
The
Remote Environment: According to peach and Robinson such as
global and domestic political, social and technological concern
The
Operating Environment: Comprises a group of mixed actors
including suppliers and customers.
Outcomes:
Outcomes
of all classification of environmental forces
- Attempt to model the environment and simplify reality.
- Help to identify and understand the complex environmental processes and process
- Serve as useful tools to aid our analysis of environment
- Threat Business environment is a complex array of interrelated forces, we merely compartmentalized than, for simplicity to gain in right.
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