MGMT 425 CH3 SOLUTION 100% GUARANTEED PASS

MGMT 425 CH3 SOLUTION 100% GUARANTEED PASS A company's "macro-environment" refers to - ANSWER the strategically relevant factors outside a company's industry boundaries—economic conditions, political factors, socio-cultural forces, technological factors, environmental factors, and legal/regulatory conditions. principal components of strategic significance in the PESTEL analysis - ANSWER A. Political factors including the extent to which government intervenes in the economy B. Economic conditions that include the general economic climate and specific factors such as interest rates, inflation rate, and unemployment rate, as well as conditions in the stock and bond markets that can affect consumer confidence C. Socio-cultural forces including societal values, attitudes, cultural factors, and lifestyles that impact business D. Technological factors includes the pace of change and technical developments that have the potential for impacting society major questions to ask in thinking strategically about industry and competitive conditions in a given industry - ANSWER -What strategic moves are rivals likely to make next? -What are the industry's key factors for future competitive success? -Is the outlook for the industry conducive to providing attractive profitability? -What are the driving forces in the industry, and what impact will these changes have on competitive intensity and industry profitability