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Industry Analysis - Current Environmental Forces

  1. Political Environment
  2. Social\Cultural\Demographic Environment
  3. Technological Environment

II. Current Environmental Forces

A. Political Environment

  • Does the industry have an economic or political impact on an area? Could it?
  • What ingredients, supplies, etc. are needed to manufacture or provide service?
  • Where do they come from? How are the products produced?
  • Is there an environmental impact on the area? How are the products packaged? Glass, Aluminum, plastic, paper?

B. Social\Cultural\Demographic Environment

  • Does the consumption of the industry product have any effect on members of the social, cultural, or political community? For example: Mormons do not drink caffeinated drinks. Salt Lake City might not provide a good target for increasing market share of Coca Cola.
  • World Consumer Lifestyles Databook : Key Trends Euromonitor
    HF 5415.3 W675 1ST 2002 PCL Reference Business Services -- Statistics

C. Technological Environment

  • Does the use of technology have an impact? How? Cost? Efficiency? Several databases: Gartner, Mergent (industry reports), Factiva, and Business Source Complete can provide information about technology trends and forecasts in various industries
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