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A. Choose one of the 4 options(political & legal,
economic, technological, or social/cultural) and
answer the following questions:
B. Trend:
Source:
Product Ideas related to this trend:
C. Best Idea:
D. Product Market/Industry Definition of Best New
Product Idea.
E. Product Market/Industry Trend. For the Best New Product Idea.
• Trend:
• Source:
F. Target Market. (Describe either the B2C or B2B target that is most important per the instructions.)
G. Competitive Rivals. List 3 key competitive rivals.
H. Competitive Advantage.
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Business environment is all the factors which revolve around a business and directly or indirectly impacts the functioning is collectively known as business environment. To be specific, business environment has the micro and macro factors (internal and external) which affects the operations and functioning.
Macro factors are the factors which are outside the purview of the organization, such a, economic, technological, legal, social, cultural, political. These factors can't be controlled, they can only be predicted and analyzed and decisions to mitigate any loss or grab opportunity will be based on that.
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Where are the answers for E, F, G, H? And where's the Source for B?
Where are the answers for E, F, G, H? And where's the Source for B?
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