Discussion: The Socio-Political Compass

Week 1:

Do some research in the library/ internet, and choose a Fortune 500 company that is of interest to you. Then, identify 3-4 key external environmental forces that you believe are most influential to your organization’s success. Why are the 3-4 forces you’ve identified most salient? Be specific.

Week 2:

How should your company respond to the environmental threats and opportunities you have identified? Be specific!

Module 2

Required Resources

Hrelements.com. (2015). How McCain responds to changes in the external environment. Retrieved from http:// S. (2009). Survey of recent developments in strategic management: Implications for practitioners. International Journal of Management, 26(1), 99–106. Retrieved from ProQuest.

Makos, J. (2016). What is environmental analysis? PESTLE Analysis. Retrieved from http://pestleanalysis.com/what-is-environmental-analysis/

Slept analysis. (2014). The Times 100. Retrieved on April 29, 2014, from
http://businesscasestudies.co.uk/business-theory/external-environment/slept-analysis.html#axzz2m8aLEn54

What is PESTLE Analysis? (2014). PESTLE Analysis. Retrieved on April 29, 2014, from http://pestleanalysis.com/

Module 2 – Background

THE SOCIO-POLITICAL COMPASS

There are many different tools that may be used to assist in the assessment of the remote and operating external environments. These include Porter’s Five Forces and PEST. In Module 4, we will give our attention to one such conceptual tool, SLEPT Analysis, which is a variation – and an extension – of PEST. Similar to PEST, the SLEPT Analysis is utilized by leadership to scan and monitor the remote environment. SLEPT is an acronym that stands for the:

Social, Legal, Economic, Political, and Technological remote environmental forces that may affect the organization.

Please review the theory of SLEPT analysis at the following page:
http://businesscasestudies.co.uk/business-theory/external-environment/slept-analysis.html#axzz2m8aLEn54

Next, let’s review the following article related to analysis of the external environment:

Makos, J. (2016). What is environmental analysis? PESTLE Analysis. Retrieved from http://pestleanalysis.com/what-is-environmental-analysis/

The journal article written by Kukalis serves as a quite excellent discussion of the turbulence and change that are occurring in today’s remote environment:

Kukalis, S. (2009). Survey of recent developments in strategic management: Implications for practitioners. International Journal of Management, 26(1), 99-106. Retrieved from ProQuest.

A version of SLEPT analysis – known as “PESTLE” analysis – adds the environmental dimension to the process of analysis. The PESTLE Analysis website is an excellent overview of PESTLE (and, by reference, of SLEPT as well):

What is PESTLE Analysis? (2014). PESTLE Analysis. Retrieved on April 29, 2014 from http://pestleanalysis.com/