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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Customer preference for motorbike, which are fashionable, easy to ride and durable. The preparation of ETOP involves dividing the environment into different sectors and then analyzing the impact of each sector on the organization.
ETOP-Environmental Threat and Opportunity Profile
The external environment consists of customers, government, economy and competition. However, they are facing tough competition in oil exploration and production from private players like Reliance, Essar, Adani, etc. Environmental scanning is the monitoring, evaluating, and disseminating of information from the external and internal environment to key people within the corporation or organization. When organizations are alert and have enough resource they can turn a threat into an opportunity, such rtop a new technology that may displace one of the key products but also provides an opportunity for new product development.
Some external elements can be manipulated by company marketing, while others require the organization to make adjustments. GE is cash rich company. 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.
Focus on issues, which have been selected, should not be missed since there is a likelihood of arriving at incorrect priorities.
It can also take advantage of the high exports potential that already exists. It usually relates to events, trends, issues, natural calamities and expectations. I organizations can think far ahead, they can create some opportunities.
However, managing the strengths of internal operations is the key to business stategic. Approaches and Techniques Used for Environmental Scanning. 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.
Strategies are means of operationally signing a policy for goals and objective. 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.
Currently, Dehradun based University of Petroleum and Energy Studies is considered as managememt only private University which offers PHD, post graduate and undergraduate courses in energy and petroleum. Environmental Science, Engineering and Management. Regards Vinay Kumar Sharma. Mostly ancillaries and associated companies etpp parts and components, REP licenses for imported raw materials available.
Some of the impotent issues may be those related to market share, competitive pricing, customer preferences, technological changes, economic policies, competitive trends, etc. Stratfgic an organization gets into reputation problems, it goes on growing like weeds in a garden.
Wishing you good luck and best wishes to your sincere endeavours. 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. Unlike the external environment of a business, the internal environment can be controlled.
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. You must be logged in to post a comment. 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.
But contrast the implications of this ETOP for a new manufacturer who managemeng planning to enter this industry. GE specializes in growth areas such as drilling equipment and compressors. The optimum level of flexibility should be maintained.
ETOP-Environmental Threat and Opportunity Profile
Business environment analysis is a regular business feature. It is considering setting up gas based power generation projects in states like- Madhya Pradesh, Odisha and Uttar Pradesh. Some opportunities can be foreseen, such as being able to expand a franchise into a new city.
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.
Environmental Threat and Opportunity Profile (ЕТОР)
Examples of external threats include new and existing regulations, new and existing competitors, new technologies that may make products or services obsolete, unstable political and legal systems in foreign markets and economic downturns. It aspires to continue to develop technology overlaps between the businesses it has.
Corporate image, or reputation, describes the manner in which a company, its activities, and eetop products or services are perceived by outsiders. Though the market environment would still be favorable, much 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.
Import of machinery under OGL list possible. Each of the major factors pertaining to a particular sector of environment may be divided into sub-sectors and their effects studied. Traditional managers give explicit instructions to employees, while progressive managers empower employees to make many of their own decisions.