ETOP IN STRATEGIC MANAGEMENT PDF
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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In a competitive business climate, many businesses actively work to create and communicate a positive image to their customers, shareholders, the financial community, and the general public.
The company-can capitalize on the burgeoning demand by taking advantage of the various government policies and concessions. The main business of the company is in Motor Bike manufacturing for the domestic and exports markets. When organizations can think far ahead, they can create some opportunities. Narendra Modi government is planning to set up several power plants.
ETOP-Environmental Threat and Opportunity Profile
Traditional managers give explicit instructions to employees, while progressive managers empower employees to make many of their own decisions. Methods, Techniques and other Details. Environmental Science, Engineering and Management. 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 tsrategic product development.
Business Management Lesson: Environmental Threat & Opportunities Profile (ETOP)
However, they are facing tough competition in oil exploration and production from private players like Reliance, Essar, Adani, etc. The preparation of an ETOP provides a clear picture for etlp to formulate strategies to take advantage of the opportunities and counter the threats in its environment.
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. Global Competitiveness Index for igniting economic growth.
But contrast the implications of this ETOP for a new manufacturer who is planning to enter this industry. Regards Vinay Kumar Sharma. Mostly ancillaries and associated companies supply parts and components, REP licenses for imported raw materials available.
Data should be collected from good sources otherwise the entire process of environmental scanning may go waste. Environmental scanning is the monitoring, evaluating, and disseminating of information from the external and internal environment to key people within the corporation or organization. Focus on issues, which have been selected, should not be missed since there is a likelihood of arriving at incorrect priorities.
ETOP Analysis – Dr. Vidya Hattangadi
Import of machinery under OGL list possible. The optimum level of flexibility should be maintained. Strwtegic, managing the strengths of internal operations is the key to business success.
Business environment analysis is a regular business feature. Some of the impotent issues may be those related to market share, competitive pricing, customer manwgement, technological changes, economic policies, competitive trends, etc. A summary ETOP may only show the major factors for the sake of simplicity. Managing image of an organization is most important in the external environment. It results in a quantity of information related to forces in the environment.
It is important to recognize potential opportunities and threats outside company operations. Each of the major factors pertaining to a particular sector of environment may be divided into sub-sectors and their effects studied. Since the company is an established manufacturer of motorbike, strategi has a favorable supplier as well as technological managemejt.
Although the technique of dividing various environmental factors into specific sectors and evaluating them as opportunities strategicc threats is suggested by some authors, it must be carefully noted that each sector is not exclusive of the other. Industry growth rate is 10 to 12 percent per year, For motorbike growth rate is 40 percent, largely Unsaturated demand.
It usually relates to events, trends, issues, natural calamities and expectations. It can also take advantage of the high exports potential that already exists. Strategies are means of operationally signing a policy for goals and objective.
Corporate image, or reputation, describes the manner in which a company, its activities, and its products or services are perceived stdategic outsiders. It requires proper evaluation on the position of an organization, whether the adopted strategy is working well and if not why and how should it progress ahead. GE is cash rich company.
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. Sometimes very micro and neglected issues mar the strategy.
Environmental Threat and Opportunity Profile (ЕТОР)
Approaches and Techniques Used for Environmental Scanning. The relevance, importance, manageability, variability and low cost of data are some of the important factors, Which must be kept in focus. Changes in philosophy and leadership style are under the control of the manager. India is weak in it. GE specializes in growth areas such as drilling equipment and compressors.
The Champa flower November 7, Though the market environment would still be favorable, much would depend on the extent to which the company is able to ensure the supply of raw materials and components, and have access to the latest technology and have the facilities to use it. The downstream sector is a term commonly used to refer to the refining of crude oil and the selling and distribution of natural gas and products derived from crude oil.
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.