Environment influence strategic in the following ways :
- Swot :Environment is the sources of strategic,weakness,opportunities and threats.Strategic combine strengths with opportunities.
- Competition :Environment is the source of competition.The structure of industry impacts the natural of competition.
- Resources :Environment influence the availability of unique resources.Demographic trends influence availability of employees and customers.
- Returns :Environment affects the likely returns from alternative investment.
- Strategies must be adjusted to reflect changes in environment.Environment analysis is an important part of strategy formulation.
- External environment :It is located outside the organization.It is uncontrollable by the organization.It consists of political legal,economics,social cultural and technological forces.It provides opportunities and threats to the organization.
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