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Environment means the surroundings, external objects, influences or circumstances under which someone or some thing exits.
Environmental scanning is a process of gathering, analyzing, and dispensing information for tactical or strategic purposes.
SWOT ETOP
It is a process of dividing the environment into different sectors and then analyzing the impact of each sector on the organization.
Nature of impact
Impact of each sector Growing affluence among urban consumers, rising disposable incomes & living standards. Organized sector a virtual oligopoly with 4 major manufacturers, buyers critical & better informed, overall industry growth rate not encouraging, growth rate for niche market like sports, trekking etc is high.
Market
International
Global imports growing but Indias share shrinking, major importers are the US & EU but India exports mainly to Africa.
Political
Bicycle principal mode of transport for low & middle income, Industry too small to draw attention.
Regulatory
Parts & components reserved for SSI, bicycle industry a thrust area for exports,
Social
Environment & health friendly transport option, wide usage, as recreation, convenient in traffic, customers preference
Supplier
Mostly ancillaries in smallscale sector supply parts & components, rising steel prices, industrial concentration in Punjab & Tamilnadu.
Technological
Up gradation in progress, import of machinery simple, product innovations ongoing like battery operated & lightweight foldable cycles
ETOP provides a clear picture to the strategists about which sectors & different factors in each sector, have a favorable impact on the organization.
THANK YOU ?