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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Examples of external threats include new and existing regulations, new and existing competitors, new technologies that may make products or services obsolete, unstable political and legal systems in foreign markets and economic downturns.
A comprehensive ETOP requires subdividing each environmental sector into sub factors and then the impact of each sub factor on the organization is described in the form of a statement.
While it plans to set up thermal power plants in states like Andhra Pradesh, Chhattisgarh, West Eto;, Jharkhand and Bihar which produce coal, this is indeed good news. The preparation of ETOP involves dividing the environment into different sectors and then analyzing the impact of each sector on the organization.
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. Currently, Dehradun based University of Petroleum and Energy Studies is considered as the only private University which offers PHD, post graduate and undergraduate courses in energy and petroleum. Methods, Techniques and other Details. Wishing you good luck and best wishes to your sincere endeavours.
Use decision cycle for precision November 10, What is a business integration strategy? For company to function very well and to be productive to its maximum standard effective strategy should not be impeded. Regards Vinay Kumar Sharma.
Business Management Lesson: Environmental Threat & Opportunities Profile (ETOP)
There are number of uncertainties exist in a business situation and so a company can be greatly benefited buy devising proactive and flexible strategies in their plans, structures, strategy etc. Though some elements affect the organization as a whole, others affect only the management.
Customer preference for motorbike, which are fashionable, easy to ride and durable. It is considering setting up gas based power generation projects in states like- Madhya Pradesh, Odisha and Uttar Pradesh.
Industry growth rate is 10 to 12 percent per year, For motorbike growth rate is 40 percent, largely Unsaturated demand. 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.
Managing image of an organization is most important in the external environment. ETOP Analysis Environmental scanning is the monitoring, evaluating, and disseminating of information from the external and internal environment to key people within the corporation or organization. Importance of Maps November 25, Some of the impotent issues may be those related to market share, competitive pricing, customer preferences, technological changes, economic policies, competitive trends, etc.
Sometimes very micro and neglected issues mar the strategy. 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. Leadership matters a lot in controlling the internal environment.
But contrast the implications of this ETOP for a new manufacturer who is planning to syrategic this industry. 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.
The company-can capitalize on the burgeoning demand by taking advantage of the various government policies and concessions. Ironically, stronger organizations can be exposed to a greater level of threats than weaker organizations, because success raises envy and competition which a successful organization needs to fight to get ahead.
Environmental Threat and Opportunity Profile (ЕТОР)
Mostly ib and associated companies supply parts and components, REP licenses for imported raw materials available. Understanding of management strategy or organization policy and effectiveness is not as easy; it requires looking at how company is griped with challenges, looking at the threats and opportunities and finding solutions for facing it.
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. The Environmental factors are quite complex and it may be difficult for strategy managers to classify them inn neat categories to interpret them as opportunities and threats.
Environmental Threat and Opportunity Profile (ЕТОР)
This would enable managers to violate strategies when it is necessary. Unlike the external environment of a business, the egop environment can be controlled. It usually relates to events, trends, issues, natural calamities and expectations. Changes in philosophy and leadership style are under the control of the manager. Since the company is an established manufacturer of motorbike, it has a favorable supplier as well as technological environment.
ETOP-Environmental Threat and Opportunity Profile
Some opportunities can be foreseen, such as being able to expand a franchise into a new city. A summary ETOP may only show the major factors for the sake managemwnt simplicity. GE is cash rich company.
Narendra Modi government is planning to set up several power plants. Growing affluence among urban consumers; Exports potential high. Leave a Managekent Click here to cancel reply. Global Competitiveness Index for igniting economic growth. Log into your account. Import of machinery under OGL list possible. However, they are facing tough competition in oil exploration and production from private players like Reliance, Essar, Adani, etc.
When organizations can think far ahead, they can create some opportunities. The preparation of strztegic ETOP provides a clear picture for organization to formulate strategies to take advantage of the opportunities and counter the threats in its environment. Business environment analysis is a regular business feature.
GE specializes in growth areas such as drilling equipment and compressors. You must be logged in to post a straegic. Data should be collected from good sources otherwise manatement entire process of environmental scanning may go waste.
Efforts should be taken to make assessments more objective wherever possible. Corporate image, or reputation, describes the manner in which a company, its activities, and its products or services are perceived by outsiders. A company that bungles or ignores its image is likely to encounter a variety of problems.