Question

Discuss opportunities and threats (INDUSTRY) and give examples for companies:

• Sociocultural factors:

• Economic factors:

• Technology factors:

• Environmental factors:

• Political factors:

• Legal and regulatory factors:

Answer 1

Factors	Opportunities	Threats
Socio-cultural factors	Certain religious practices and programs could help people to do get together and that will help to build strong relationship among each other. Such could be beneficial for organization and foster many benefits like build helping culture within the workplace, bring more commitment towards the tasks, etc. Certain traditions, feeling of people could improve satisfaction level within the people. People find happiness, so it generates higher commitment level to perform organizational tasks.	Discrimination issues may come, people can be discriminated based on religion, race, their localities, etc. it will hamper organizational work, so, that can be treated as threat. Society could have different family structure and people connectivity; hence, networking communication would be different. Some kind of isolated and self centered people could become threat in this context.
Economic factors	How is the income of people? With good income and good distribution of income in the society that could derive many opportunities like strong networking and organization could get benefited with such income factor, as people could fulfill their needs and put their more time with free minds. Lower interest and tax rates bring more satisfaction in people, hence, organization could use as opportunity to manage their tasks.	Poor income and issues with inflation could bring more threat to organization and country. Issues with higher tax rates and more premium that makes threatening situation for people.
Technology factors	Technology brings several opportunity, people needs innovative and unique products, whereas innovation is driven by technology. Technology could help people to work from home or from their comfortable area, organization could minimize their cost and improve quality and service level of products.	There could be situation like vanishing of some position due to technological intervention. People may lose their job. Higher Investment is required, but not all time positive result will come. There could be big losses due to technological intervention and company could become wound out.
Environmental factors	Good weather and balanced temperature condition of the environment could help people to perform their tasks. Organization could get more benefits to complete their tasks within predefined time. Water activities and their management could help organization in many ways. So, daily work would not be interrupted.	Issues with the pollution is threat to organization and society. Poor weather condition like flood situation, thunderstorm could bring more negative risks to organization and society.
Political factors	Good political situation could bring many harmony and opportunity in the society. Simplified labor laws, low barrier to trade could be opportunity for organization.	Issues like biases, political conflicts and nasty politics could be threat for an organization. Issues with union and labor rights could be threat
Legal and regulatory factors	Trade policy, environmental practices, monetary policy could bring opportunities, how such law are user friendly and fulfill the needs of business and people that could take important role. Employment law, health and safety law, discrimination law could help people to receive their rights.	Law and regulations could bring many bans as they are not maintaining compliances or bringing issues on public. Some business could find more challenges with legal restrictions.