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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This example relates to a hypothetical company but the illustration is realistic based n the current Indian business environment. 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. It can also take advantage of the high exports potential that already exists. The preparation of an ETOP provides a clear picture for organization to formulate strategies to take advantage of the opportunities and counter the threats in its environment.
While it plans to set up thermal power plants in states like Andhra Pradesh, Chhattisgarh, West Bengal, Jharkhand and Bihar which produce coal, this is indeed good news. Some of the impotent issues may be those related to market share, competitive pricing, customer preferences, technological changes, economic policies, competitive trends, etc.
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.
Import of machinery under OGL list possible. 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 tsrategic.
It results in a quantity of information related to forces in the environment.
ETOP-Environmental Threat and Opportunity Profile
Currently, Dehradun based University of Petroleum and Energy Studies is considered as the only private University which offers PHD, post graduate and undergraduate courses janagement energy and petroleum. Narendra Modi government is planning to set up several power plants. Changes in philosophy and leadership style are under the control of the manager.
The external environment consists of customers, government, economy and competition. 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. Log into your account.
Environmental Science, Engineering and Management. The preparation of ETOP involves dividing the environment into different sectors and then analyzing the impact of each sector on the organization. Strtaegic 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.
It aspires to continue to develop technology overlaps between the businesses it has. Straetgic a Reply Click here to cancel reply.
Msnagement 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.
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.
Business Management Lesson: Environmental Threat & Opportunities Profile (ETOP)
The relevance, importance, manageability, variability and low cost of data are some of the important factors, Which must be kept in focus. GE is cash rich company. Regards Vinay Kumar Sharma. Focus on issues, which have been selected, should not be srategic since there is a likelihood of arriving at incorrect priorities. 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.
This manaegment enable managers to violate strategies when it is necessary. GE specializes in growth areas such as drilling equipment and compressors. However, they are facing tough competition in oil exploration and production from private players like Reliance, Essar, Adani, etc.
ETOP-Environmental Threat and Opportunity Profile
Managing image of an sstrategic is most important in the external environment. It is important to recognize potential opportunities and threats outside company operations. Methods, Techniques and other Details. A company that bungles or ignores its image is likely to encounter a variety of problems.
Impact studies should be conducted managmeent on the various opportunities and threats and the critical issues selected. Matrix Structure suits businesses with diverse products and diverse markets. The main business of the company is in Motor Bike manufacturing for the domestic and exports markets. Environmental scanning is the monitoring, evaluating, and disseminating of information from the external and internal environment to key people within the corporation or organization.
Use decision cycle for precision November 10, Technological up gradation of industry in progress.