ETOP(Environmental Threat and Opportunity Profile) is a technique to structure environmental involves: Dividing the environment. Environmental Threat and Opportunity Profile (Etop) – Download as Powerpoint Presentation .ppt /.pptx), PDF File .pdf), Text File .txt) or view presentation. ETOP analysis is a management tool that analyses environmental information and determines the relative impact of threats and opportunities for the systematic .
|Published (Last):||12 June 2012|
|PDF File Size:||1.48 Mb|
|ePub File Size:||18.59 Mb|
|Price:||Free* [*Free Regsitration Required]|
This is achieved by brainstorming. This would enable managers to violate strategies when it is necessary.
ETOP-Environmental Threat and Opportunity Profile
Global Competitiveness Index for igniting economic growth. This example relates to a hypothetical company but the illustration is realistic based etpo the current Indian business environment.
It can also take advantage of the high exports potential that already exists.
Corporate image, or reputation, describes the wnd in which a company, its activities, and its products or services are perceived by outsiders. A matrix of comparison is drawn where one item or factor is compared with other 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.
ETOP Analysis – Dr. Vidya Hattangadi
However, managing the strengths of internal operations is the key to business success. 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.
GE specializes in growth areas such as drilling equipment and compressors. Import of machinery under OGL list possible. 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. Approaches and Techniques Used for Environmental Scanning. 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.
Business Management Lesson: Environmental Threat & Opportunities Profile (ETOP)
Traditional managers give explicit instructions to employees, while progressive managers empower employees to make many of their own decisions. And finally the strategy manger uses his judgment to place various environmental issues in clear perspective to create the environmental threat and opportunity profile. A company that bungles or ignores its image is likely to encounter a variety of problems.
Industry growth rate is 10 to 12 percent per year, For motorbike growth rate is 40 percent, largely Unsaturated demand.
GE is cash rich company. The effort and the self belief is certainly going to get to a logical conclusion to your desire to improve academia and Industry in India. 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.
But contrast the implications of this ETOP for a new manufacturer who is planning to enter this industry. The preparation of an ETOP provides a clear picture for organization to formulate strategies to take advantage of the opportunities and opportnuity the threats in its environment. It results in a quantity of information related to forces in the environment. 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 thdeat technological environment.
Use Balanced Scorecard for effective strategic implementation August 21, The company-can capitalize on the burgeoning demand by taking advantage of the various government policies and concessions.
Oil and gas majors like Cairn, ONGC and Reliance have lined up plans for huge investments in-order to increase oil and gas production in the country, which has fuelled the growth. What is a business integration strategy? 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.
Some external elements can be manipulated by company marketing, while others require the organization to make adjustments. Each of the major factors pertaining to a particular sector of environment may be divided into sub-sectors and their effects studied.
Though the market environment would still be favorable, much would depend on the opporrunity 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. You must be logged in to post a comment. For company to function very well and to be productive to its maximum standard effective strategy should not pfofile impeded.