Environmental Factors Research Paper

Length: 3 pages Sources: 4 Subject: Business Type: Research Paper Paper: #57442036 Related Topics: Internal Factors, Multivariate Analysis, Hospitality Management, Environmental Health
Excerpt from Research Paper :

¶ … businesses and trades can be affected by distinctive social strategies, singular accounting measures, or other different industry elements. Proportions of businesses in dissimilar industries are not analogous without bearing in mind manufacturing aspects. Due to industry-specific influences, most specialized analysts concentrate in one, or only a limited, businesses/trades. "Financial institutions such as brokerage houses, banks, and insurance companies typically employ financial analysts who specialize in areas such as mineral or oil extraction, chemicals, banking, retail, insurance, bond markets, or automobile manufacturing" (Edmonds, 2012, p. 696). When analyzing companies, it's important to identify and understand possible environmental factors that contribute to the overall examination.

Technical, constitutional, financial, cultural, demographic, situations are all possible environmental factors. An information-need spaces Goal is to recognize outside chances, threats, developments, and strategic hesitations in order to formulate proper analysis. When likening businesses, specialists must be attentive to vicissitudes in over-all economic trends annually. Noteworthy variations in fuel expenses and interest rates in current years...


In addition, the existence or deficiency of inflation moves commercial prospects. Pecuniary statement analysis encompasses many factors, amongst them user features, information needs for specific categories of assessments, and how economic information is examined. Analytical methods involve horizontal, ratio, and vertical analysis. Users typically analyze ratios to measure a firm's liquidity solvency and profitability.

Environmental Analysis is the four dimension of the outside exploration. The attention is in environmental tendencies and proceedings that have the prospective to affect strategy. This analysis should identify such trends and events and the estimate their probability and impact. When directing this sort of analysis, it is simple to get weighed down in an all-encompassing, broad examination of trends. It is essential to confine the analysis to those capacities pertinent enough to have momentous impact on policy.

Environmental analysis is separated into five parts: financial, technical, political-legal, sociocultural, and prospect. What financial trends might have an influence on commercial activity? Such financial trends would be inflation, unemployment levels, interest rates, energy handiness, disposable revenue and so forth. To what degree are current technologies growing? What technical progresses or trends are moving or could affect industry? In regards to government, what alterations in regulation are likely? Things like government and political stability play an important role in the future of a company, especially as it pertains to policy and taxation.

Sociocultural comprises of developing trends in…

Sources Used in Documents:


Edmonds, T. (2012). Fundamental financial accounting concepts (8th ed., p. 696). Boston: Irwin/McGraw-Hill.

Gaur, S., Vasudevan, H., & Gaur, A. (2011). Market orientation and manufacturing performance of Indian SMEs: moderating role of firm resources and environmental factors. European Journal of Marketing, 45(7/8), 1172 -- 1193.

Menachemi, N., Shin, D., Ford, E., & Yu, F. (2011). Environmental factors and health information technology management strategy. Health Care Management Review, 36(3), 275 -- 285.

Wang, C., Chen, K., & Chen, S. (2012). Total quality management, market orientation and hotel performance: the moderating effects of external environmental factors. International Journal of Hospitality Management, 31(1), 119 -- 129.

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