ETOP STRATEGIC MANAGEMENT PDF
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. etop and mckinsey analysis – Download as PDF File .pdf), Text File .txt) or read Conceptual framework for strategic management, the concept of strategy and.
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Managing image of an organization is most important in the external environment.
Some opportunities can be foreseen, such as being able to expand a franchise into a new city. The preparation of ETOP etoo dividing the environment into different sectors and then analyzing the impact of each sector on the organization.
However, they are facing tough competition in oil exploration and production from private players like Reliance, Essar, Adani, etc. Customer preference for motorbike, which are fashionable, easy to ride and durable.
The managemfnt environment eop of customers, government, economy and competition. A matrix of comparison is drawn where one item or factor is compared with strahegic items after which the scores arrived at are added and ranked for each factor and total weight age score calculated for prioritizing each of the factors. Though the market environment would still be favorable, manaement 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.
Since the company is an established manufacturer of motorbike, it has a favorable supplier as well as technological environment. 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.
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.
ETOP-Environmental Threat and Opportunity Profile
It usually relates to events, trends, issues, natural calamities and expectations. Technological up gradation of industry in progress. 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 managrment ahead. Currently, Dehradun based University of Petroleum and Energy Studies is considered as the only private University which offers PHD, post graduate and strategif courses in energy and petroleum.
The relevance, importance, manageability, variability and low cost of data are some of the important factors, Which must be kept in focus.
Traditional managers give explicit instructions to employees, while progressive managers empower employees to make many of their own decisions. It is considering setting up gas based power generation projects in states like- Madhya Pradesh, Odisha and Uttar Pradesh.
The main business of the company is in Motor Bike manufacturing for the domestic and exports markets. Wishing you good luck and best wishes to your sincere endeavours. It can also take advantage of the high exports potential that already exists.
Environmental Threat and Opportunity Profile (ЕТОР)
Growing affluence among urban consumers; Exports potential high. 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. What is Extended Marketing Mix November 24, For company to function very well and to be productive to its maximum standard effective strategy should not be impeded.
The midstream industry processes, stores, managemrnt and transports commodities such as crude oil, natural gas, natural gas liquids liquefied natural gas such as ethane, strstegic and butane and Sulphur. This is achieved by brainstorming. Strategies are means of operationally signing a policy for goals and objective.
You must be logged in to post a comment. Corporate image, or reputation, describes the manner in which a company, its activities, and its products or services are perceived by outsiders.
The optimum level of flexibility should be maintained. But contrast the implications of this ETOP for a new manufacturer who is planning to enter this industry.
It is important to recognize potential opportunities and threats outside company operations. What is a business integration strategy? 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. 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.
Leadership matters a lot in controlling the internal environment. 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. Global Competitiveness Index for igniting economic growth July 9, Impact studies should be conducted focusing on the various opportunities and threats and the critical issues selected.
The Environmental factors are quite complex and it may be difficult for strategy managers to classify them into neat categories to interpret them as opportunities and threats.
ETOP Analysis – Dr. Vidya Hattangadi
Efforts should be taken to make assessments more objective wherever possible. When organizations are alert and have enough resource they can turn a threat into an opportunity, such as a new technology that may displace stratgeic of the key products but also provides an opportunity for new product development.
Industry growth rate is 10 to 12 percent per year, For motorbike growth rate is 40 percent, largely Unsaturated demand. Importance of Maps November 25, It results in a quantity of information related to forces in the environment.