The external environment includes the areas of General, Industry and Competitor environment. Your competitors strengths are potential threats to your business, and its weaknesses present potential opportunities.

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Looking over this list, the caterers were encouraged. The business operation environment in the Philippines is notably more challenging than the more mature ASEAN economies of Malaysia and Thailand. Such an analysis of the strategic environment is referred to as a SWOT analysis. This has been made possible by strategic planning. These are hot buttons for consumers, and should be taken into consideration when making business decisions. These problems have been compounding for many years and have forced the manufacturers and businessmen to either close down their businesses or relocate to other foreign countries.The. |. There are two opposing views on the role of entrepreneurial risk in In order to survive and grow in a competitive business environment, it is essential for every business firm to undertake SWOT analyses. How well you react and adapt to these types of changes will determine if you&39;re faced with an opportunity or a threat.. A business leader develops company&x27;s structure, culture and policies to give clear guidelines to employees. Access to natural resources Like trademarks, patents, and copyrights. Technological. ","hasArticle":false,"_links":{"self":"https://dummies-api.dummies.com/v2/authors/9987"}}],"_links":{"self":"https://dummies-api.dummies.com/v2/books/282610"}},"collections":[],"articleAds":{"footerAd":"

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