Segregation of Political Responsibilities between Different Government Agencies – There are numerous government agencies which reduces the risk of overwhelming pressure by one agency. Political Factors that Impact Ockham Technologies (B): Building the Board Some of the political factors are – governance system, democracy & institutions, military coup chances, probability of armed conflict, law and order in market etc. Political environment and other factors not only impact the cost of doing business but also long term sustainability. The political factors play a huge role in not only investment decision by transnational corporations but also by companies such as – Ockham Assembling. What are Political Factors in PESTEL / PEST Analysis According to Michael Porter organizational performance is to large extend determined by various industry forces. The Industrial Organization (I/O) approach advocates that for sustainable competitive advantage external factors are as important as internal factors of the Ockham Assembling.
Thus significantly impacting the ability of Ockham Assembling to build sustainable competitive advantageģ.Ěnalyze Strengths and Weaknesses of Ockham Assembling.Ĥ.ĝeveloping strategies that can capitalize on Ockham Assembling strengths and help mitigate weaknesses and impact of threats of macro-environment.ĥ.Ğxecution of the strategy and building a feedback loop, using which managers at Ockham Assembling can fine tune processes and strategies going forward. Changes in macro environment forces can impact the Porter Five Forces & industry attractiveness. PESTEL analysis is critical to understand the external threats & opportunities arising because of the macro environment developments. Strategy planning process often requires five steps –ġ.Ĝhoosing the vision, mission and the reason of existence for Ockham Assembling.Ģ.Ěnalyze the Ockham Assembling external competitive environment to identify opportunities and threats. Importance of PESTEL Analysis in Strategy Management & Planning Process SWOT Analysis of Ockham Technologies (B): Building the Board Related Areas : IT, Negotiations, Operations management, Venture capitalĬase Study Solution & Analysis of Ockham Technologies (B): Building the Board PESTEL analysis is mainly the assessment of macro environment factors.Ĭase Description of Ockham Technologies (B): Building the Board Case Studyĭescribes the issues facing a founder-ceo regarding building a board, assembling an executive team, managing tension between co-founders, and outsourcing development work. The three inter-related environments are – industry environment in which the company operates in, the geographic market or country in which company operates, and wider socio economic / macro environment.
Managers at Ockham Assembling need to examine three inter-related environments in order to come up with an effective strategy. It is written by Noam Wasserman and shed light on critical areas in field of Innovation & Entrepreneurship, IT, Negotiations, Operations management, Venture capital that the protagonist in the case study is facing. Ockham Technologies (B): Building the Board case study (referred as “Ockham Assembling” for purpose of this article) is a Harvard Business School (HBR) case study covering topics such as Innovation & Entrepreneurship and strategic management. Ockham Technologies (B): Building the Board case study PESTEL analysis includes macro environment factors that impact the overall business environment – Political, Economic, Social, Technological, Environmental, and Legal factors.
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