Describe forces outside of your business and beyond your control that effect the functioning of your business and the market for your product/service. These are economic, societal, technological and governmental forces affecting your business on a regional, national and international basis.
Below are topics you may want to include in your environmental analysis.
Economic
- Interest Rates
- Inflation Rate
- Unemployment Rate
- Exchange Rate
- Other
Societal
- Environmental Trends
- Consumer Trends
- Demographics
- Other
Technological
- New technology that may affect the introduction of competitor’s products.
- New technology that may make the technology for making your product obsolete.
- New technology that may affect your operations or the operations of your competitors.
Other
- Governmental
- Policies and Programs
- Regulations
- Incentives
- Financing
- Other