Sundaram Iyengar and Sons Limited, a company in the transportation business with a large fleet of trucks and buses under the name of Southern Roadways Limited. It manufactured brakes, exhausts, compressors and various other automotive parts. The company set up a plant at Hosur into manufacture mopeds as part of their new division.
It refers the major external and uncontrollable factors that influence an organization's decision making, and affect its performance and strategies. These factors include the economic factors; demographics; legal, political, and social conditions; technological changes; and natural forces.
The business sector has economic relation with the government, capital market; household sector and global sector.
These sectors together influence the trends and structure of the economy. The form and functioning of the economy vary widely. The importance external factors that affect the economic environment of a business are; i Economic Conditions: Business cycles and economic growth of the economy are important factors defining the economic environment.
The economic system of a country may be capitalist, socialist, communist or mixed. Increased economic growth rate and increase in consumption expenditure, lower the general pressure within an industry and offers more opportunities then threats.
Low interest rated provides opportunities to the industries to expand whereas rising interest rates pose a threat to External environment of tvs motors institutions.
When the rupee was devalued init was to make Indian products cheaper in the world market and consequently boost India's exports.
Political and Governmental Environment: The legislature decides on a particular course of action. Government is the executive and its job is to implement whatever was decided by parliament.
The judiciary has ensure that both the legislature and executive function in public interest and within the boundaries of constitution. Legal and political environment provides a framework within the business is to function and its existence depends on the success with which it can face the various challenges constructed out of political and legal framework.
Social class and caste of a person goes a long way in deciding the business activities in relation to its production and marketing activities. Tradition, customs and social attitudes have changed the attitude and beliefs of the persons which have their effect on organizational environment.
Class and caste are influencing the purchasing pattern. Socio-cultural environment may include expectations of the society from business, attitudes of society towards business and its management, views towards achievement of work, views towards structure, responsibility and organizational positions, views towards customs, traditional and conventional, class structure and labour mobility and level of education.
Changes in temperature can impact on many industries including farming, tourism and insurance. With major climate changes occurring due to global warming and with greater environmental awareness this external factor is becoming a significant issue for firms to consider.
The growing desire to protect the environment is having an impact on many industries such as the travel and transportation industries for example, more taxes being placed on air travel and the success of hybrid cars and the general move towards more environmentally friendly products and processes is affecting demand patterns and creating business opportunities.
All these demographic factors are relevant to business. These factors affect the demand for goods and services. High population growth rate indicates an enormous increase in labour supply. Population with varied tastes, preferences, beliefs, temperaments etc.
In order to survive in today's competitive world, a business has to adopt technological changes from time to time. New technologies create new products and new processes.
Technology can reduce costs, improve quality and lead to innovation. These developments can benefit consumers as well as the organizations providing the products.
MP3 players, computer games, online gambling and high definition TVs are all new markets created by technological advances. Online shopping, bar coding and computer aided design are all improvements to the way we do business as a result of better technology.
Implications of global or international environment are; i Due to liberalization, Indian companies are forced to view business issues from the global perspective.
World is becoming small in size due to advanced means of transport and communication facilities.Washington County’s Environmental Center provides residents with a free and convenient disposal of household hazardous waste, electronics and recyclables. Proof of .
Here's the SWOT analysis of TVS Motor Company which is a manufacturer and marketer of two-wheeler as well as three-wheeler vehicles. TVS offers mopeds, motorcycles, scooters and three wheelers and has popular brands amongst all the categories.
Environmental regulations: SWOT analysis of Bajaj Almond Drops. Feel the beauty of everything you watch with Smart, 4K and LED TVs from Sony. Discover our range of televisions and get superb image and sound quality. Scooty is an Indian brand of Scooters manufactured by TVS ashio-midori.comed for women, Scooty is the largest selling Scooter brand in its segment.
It has come to represent a generic name for any women's two-wheeler in India. Anushka Sharma endorses the ashio-midori.comarters: Chennai, India.
Application: Transient oltage uppressors (TVS iode) pplications verview Transient Threats - What are Transients?
of motors, generators, or the switching of reactive circuit components. Random transients, on the other hand, are electronic components as transients created in the external environment. T T1 VB VS = 25V to V VB = 14V T. AN ANALYSIS OF OPERATING ENVIRONMENT& STRATEGY: A CASE STUDY OF TATA MOTORS Honors Thesis Presented in Partial Fulfillment of the Requirements.