Page 35 - DMGT401Business Environment

Business Environment

Notes 7. Potential Suppliers
Labour Supply
(a) Quantity of labour available
(b) Quality of labour available
(c) Stability of labour supply

(d) Wage expectations
(e) Employee turn-over rate
(f) Strikes and labour relations
(g) Educational facilities

Material Suppliers
(a) Quality, quantity, price, and stability of material inputs
(b) Delivery delays
(c) Proximity of bulky or heavy material inputs
(d) Level of competition among suppliers

Service Providers
(a) Quantity, quality, price, and stability of service facilitators
(b) Special requirements

Stakeholders
(a) Lobbyists
(b) Shareholders
(c) Employees
(d) Partners
While scanning these macro environmental variables for threats and opportunities requires
that each issue be rated on two dimensions. It must be rated on its potential impact on the
company, and rated on its likeliness of occurrence. Multiplying the potential impact parameter
by the likeliness of occurrence parameter gives us a good indication of its importance to the
organisation.

Task What could be the five forces as per Porter's model for the automobile
manufacturer, Hyundai?

1.4 SWOT Analysis of Indian Economy

SWOT analysis of the Indian economy can be done in following way:

Strengths

1. India has huge pool of labour force
2. There are high percentage of cultivable land

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