Assignment:

HERE'S THE SCENARIO!

Use the organization Facebook and select two of the environmental factors listed below. Evaluate the environmental factors and describe the key issues you anticipate that Facebook management must address. Your post should include short answers to the questions posed with the two environmental factors that you select.

External Environment Factors

• Laws & Regulations - What are some key laws and regulations under which this company and industry must operate?
• The Economy - How does the state of the economy influence the sales of this company's products?
• Technology - What new technologies strongly affect the company?
• Demographics - What changes in the population might affect the company's customer base?
• Social Issues - What changes in society affect the market for your company's products?
• Suppliers - How does the company's relation with suppliers affect their profitability?
• Competitors - What companies compete with the firm? Do they compete on price, on quality, or on other factors?
• New Entrants - Are new competitors to the company likely? Possible?
• Substitutes and complements - Is there a threat of substitutes for the industry's existing products? Are there complementary products that suggest an opportunity for collaboration?
• Customers - What characteristics of the company's customer base influence the company's competitiveness?

Select two of the environmental factors listed above. Evaluate the environmental factors and describe the key issues you anticipate that Facebook management must address. Your post should include short answers to the questions posed with the two environmental factors that you selected.