ETOP-Environment threat and opportunity profile – It is a technique to structure the The strategic managers must keep focus on the following dimensions-. ETOP analysis (environmental threat and opportunity profile) is the Understanding of management strategy or organization policy and. Etop in strategic management pdfEtop in strategic management pdf Etop in strategic management pdf.
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However, managing the strengths of internal operations is the key to business success.
Environmental threat and opportunity profile | business management strategy
The preparation of ETOP involves dividing the environment into different sectors and then analyzing the impact of each sector on the organization. India is weak in it. The main business of the company is in Motor Bike manufacturing for the domestic and exports markets. Narendra Modi government is planning to set up several power plants. The Champa flower November 7, Focus on issues, which have been selected, should not be missed since there is a likelihood of arriving at incorrect priorities.
Log into your account. It is considering setting up gas based power generation projects in states like- Madhya Pradesh, Odisha and Uttar Pradesh. As shown in the table motorbike manufacturing is an attractive proposition due to the many opportunities operating in the environment. Corporate image, or reputation, describes the manner in which a company, its activities, and its products or services are perceived by outsiders.
While it plans to set up thermal power plants in states like Andhra Pradesh, Chhattisgarh, West Bengal, Jharkhand and Bihar which produce coal, this is indeed good news. When organizations are alert and have enough resource they can turn a threat into an opportunity, such as a new technology that may displace one of the key products but also provides an opportunity for new product development.
Leadership matters a lot in controlling the internal environment. Customer preference for motorbike, which are fashionable, easy to ride and durable. For company to function very well and to be productive to its maximum standard effective strategy should not be impeded. But contrast the implications of this ETOP for a new manufacturer who is planning to enter this industry.
Although the technique of dividing various environmental factors into specific sectors and evaluating them as opportunities and threats is suggested by some authors, it must be carefully noted that each sector is not exclusive of the other.
This example relates to a hypothetical company but the illustration is realistic based n the current Indian business environment. A comprehensive ETOP requires subdividing each environmental sector into sub factors and then the impact of each sub factor on the organization is described mnagement the form of a statement. Once an organization gets into reputation problems, it goes on growing like weeds in a garden.
ETOP-Environmental Threat and Opportunity Profile
Industry growth rate is 10 eto; 12 percent per year, For motorbike growth rate is 40 percent, largely Unsaturated demand. Technological up gradation of industry in progress.
Efforts should be taken to make assessments more objective wherever possible. However, they are facing managemrnt competition in oil exploration and production from private players like Reliance, Essar, Adani, etc. Environmental Science, Engineering and Management.
Regards Vinay Kumar Sharma. Since the company is an established manufacturer of motorbike, it has a favorable supplier as well manageent technological environment. Some opportunities can be foreseen, such as being able to expand a franchise into a new city.
Environmental scanning is the monitoring, evaluating, and disseminating of information from the external and internal environment to key people within the corporation or organization. Use decision cycle for precision November 10, Approaches and Techniques Used for Environmental Scanning. Wishing you good luck and best wishes to your sincere endeavours. Growing affluence among urban consumers; Exports maagement high.
This is manafement by brainstorming. The field force analysis goes hand in glove with ETOP, as here also the contribution with regard to opportunities and threats posed by the environment is also a necessary part of study.
The relevance, importance, manageability, variability and low cost of data are some of the important factors, Which must be kept in focus.
And finally the strategy manger uses his judgment to place various environmental issues in clear perspective to create the environmental threat and opportunity profile. What is a business integration strategy? The midstream industry processes, stores, markets and transports commodities such as crude oil, natural gas, natural gas liquids liquefied natural gas such as ethane, propane and butane and Sulphur. It can also take advantage of the high exports potential that already exists.
Changes in philosophy and leadership style are under the control of the manager.