Posted on by Judy

For most organizations, there is a vast amount of information available in the public domain that can be gathered on them. The trick is to get the “right” information and to interpret it effectively. According to Porter, the “right information in good industry analysis is to assess the underlying drivers of each of the five competitive forces to determine which forces are strong and which are weak and why. Select one: O True O False U.S. and foreign governments’ regulations set “the rules of the game” in which organizational formulate and implement srategy. Governments directly impact the key opportunities and threats. Select one: True O False The two main parts of any external assessment are 1) to scan the larger environment or societal context for the organization and 2) to analyze the organization’s industry so that the organization’s competitive situation can be understood. Select one: True False

1) True
Right information is assessment of underlying factors that drive competitive forces.
2) True
Government policies such as incentives, embargo, trade regulations etc directly impact the key opportunities and threats for business.
3) True
Both of these components form the part of external assessment.
 
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