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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There are number of uncertainties exist in a business situation and so a company can be greatly benefited buy devising proactive and flexible strategies in their plans, structures, strategy etc. Efforts should be taken to make assessments more objective wherever possible. Importance of Maps November 25, Currently, Dehradun based University of Petroleum and Energy Studies is considered as the only private University stratetic offers PHD, post graduate and undergraduate courses in energy and etlp.
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.
Changes in philosophy and leadership style are under the control of the manager. Use decision cycle for precision November 10, Manaement of the major factors pertaining to a particular sector of environment may be divided into sub-sectors and their effects studied.
Ironically, stronger organizations can be exposed to a greater level of threats than weaker organizations, because success raises envy and competition which a successful organization needs to fight to get ahead. The field force analysis maagement 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. And finally the strategy manger uses his judgment to place various environmental issues in clear perspective to create the environmental threat and opportunity profile.
But contrast the implications of this ETOP for a new iin who is planning to enter this industry. Once an organization gets into reputation problems, it goes on growing like weeds in a garden.
The midstream industry processes, stores, markets and transports commodities such as crude oil, natural gas, natural gas liquids liquefied natural gas such as ethane, propane and butane and Sulphur.
Technological up gradation of industry in progress.
Narendra Modi government is planning to set up several power plants. Corporate image, or reputation, describes the manner in which a company, its activities, and its products or services are perceived by outsiders. Some of the impotent issues may be those related to market share, competitive pricing, customer tsrategic, technological changes, economic policies, competitive trends, etc.
It can also take advantage of the high exports potential that already exists. Global Competitiveness Index for igniting economic growth. However, managing the strengths of internal operations is the key managemsnt business success. Data should be collected from good sources otherwise the entire process of environmental scanning may go waste. Methods, Techniques and other Details.
The company-can capitalize on the burgeoning demand by taking advantage of the various government policies and concessions. India is weak in it. Log into your account.
ETOP-Environmental Threat and Opportunity Profile
Growing affluence among urban consumers; Exports potential high. It aspires to continue to develop technology overlaps between the businesses it has. A company that bungles or ignores its image is likely to encounter a variety of problems.
The optimum level of flexibility should be maintained. 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. Since the company is an established manufacturer of motorbike, it has a favorable supplier as well as technological environment. Wishing you good luck and best wishes to your sincere endeavours.
Understanding of management strategy or organization policy and effectiveness is not as easy; it requires looking at how company is griped with challenges, looking at the threats and opportunities and finding solutions for facing it. This is achieved by brainstorming. Though some elements affect the organization as a whole, others affect only the management.
Managing image of an organization is most important in the external environment. While it plans to set up thermal power plants in states like Andhra Pradesh, Chhattisgarh, West Bengal, Jharkhand and Bihar which produce coal, this is indeed good news.
Environmental Threat and Opportunity Profile (ЕТОР)
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. 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.
This example relates to straetgic hypothetical company but the illustration is realistic based n the current Indian business environment. It is considering setting up gas based eto; generation projects in states like- Madhya Pradesh, Odisha and Uttar Pradesh. When organizations can think far ahead, they can create some opportunities.
Unlike the external environment of a business, the internal environment can be controlled. The relevance, importance, manageability, variability mamagement low cost of data are some of the important factors, Which must be kept in focus. The Champa flower November 7, Some opportunities can be foreseen, such as being able to expand a franchise into a new city. Industry growth rate manageent 10 to 12 percent per year, For motorbike growth rate is 40 percent, largely Unsaturated demand.