Environmental factors
Environmental
factors include the weather and climate change. Changes in temperature can
impact on many industries including farming, tourism and insurance. With major
climate changes occurring due to global warming and with greater environmental
awareness this external factor is becoming a significant issue for firms to
consider.
Ø Ecological
Ø environmental issues,
environmental regulations
Ø customer values, market
values, stakeholder/ investor values
Ø management style, staff
attitudes, organizational culture, staff engagement
Environmental factors of Nokia
Nokia have
managed to be quite environmentally friendly and have not done anything that
the consuming public have taken huge offence to, they have been very careful
about this and this is one of the reasons they are such a popular brand of
mobile phones.
Legal factors
These
are related to the legal environment in which firms operate. The introduction
of age discrimination and disability discrimination legislation, an increase in
the minimum wage and greater requirements for firms to recycle are examples of
relatively recent laws that affect an organization’s actions.
Ø current home market
legislation, future legislation
Ø European/international
legislation
Ø regulatory bodies and
processes
Ø environmental
regulations, employment law, consumer protection
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