The External Environment

Overview

The External Environment course covers the fundamentals of strategic management and its various types and processes. The course emphasizes the importance of understanding the relationship between an organization and its environment, with a focus on analyzing the external environment, judging the industry, and mapping strategic groups.

By the end of the course, you will have a solid understanding of how organizations interact with their environment and the tools needed to assess the external factors that can impact an organization's success.

What Will You Learn?

• Understand the concept of strategic management and its importance in organizations.
• Learn about the different types of strategic management and the processes involved in developing and implementing successful strategies.
• Understand the relationship between an organization and its external environment.
• Learn how to analyze the external environment using various tools and techniques.
• Learn how to judge the industry and identify potential opportunities and threats.
• Understand the concept of strategic groups and how to map them.
• Develop the skills and knowledge needed to develop and implement successful strategies in organizations.

Who Should Take The Course

This course is suitable for professionals and students who want to develop a comprehensive understanding of the external environment and its impact on an organization's strategic management. It is also beneficial for those who want to improve their skills in analyzing industries and mapping strategic groups.

Requirements

There are no specific prerequisites for The External Environment course, but a basic understanding of business concepts and terminology would be helpful. Additionally, some familiarity with strategic management principles and practices would be beneficial.