ConfidenceThe confidence of businesses and consumers. For example, an environment where customers are optimistic about the future such that they are taking out loans, reducing savings and spending. competition and their competitive advantages. For example, a small firm entering a market dominated by a large firm with high brand recognition, a large number of loyal customers and a good reputation.
Political EnvironmentThe political environment including the stability of a government and society. resilience of the economies in which you operate. For example, a nation that has poor IT infrastructure that is vulnerable to information security risks.business culture and consumer culture. values of the societies in which you operate. For example, a society that demands that firms not damage the environment.
CustomersCustomers including demand levels, customer needs, preferences and perceptions.
Regulations & TaxationThe burdens placed on a business by governments including taxation, administrative burden and regulations.
TradeAccess to foreign markets and competition from abroad.
ResourcesAccess to resources. For example, a trade war that threatens to cut off a critical supply.
Productivity & EfficiencyThe output you get for each unit of input. Productivity and efficiency rates can differ greatly from one country to the next based on factors such as working culture, infrastructure and access to education.markets. For example, a product category that is dominated by a single ecommerce company.
PartnersYour network of partners including factors such as partner performance or competition for partnerships. For example, a supply shortage that makes it difficult to secure critical parts.
ChangeChanges to business models, technology, values, customer needs, products and competitive capabilities. For example, an energy company that has its business model challenged by a cleaner, less expensive form of energy.risk your competition will release a product that is an order of magnitude better than yours. operations and corporate culture.
|Overview: Business Environment|
A set of external and internal conditions in which a business operates.