External factors can impact a company's strategy from "summary" of The New Strategist by Gunter Muller-Stewens
External factors play a crucial role in shaping a company's strategy. These factors refer to elements outside the organization that can influence its operations, performance, and decision-making processes. It is important for companies to constantly monitor and analyze these external factors in order to adapt and respond effectively to changes in the business environment. One key external factor that can impact a company's strategy is the competitive landscape. Competitors in the industry can introduce new products, services, or technologies that may require a company to adjust its own offerings or operations. In order to stay competitive, companies must keep a close eye on their rivals and be prepared to make strategic changes as needed. Another external factor that can influence a company's strategy is the regulatory environment. Government regulations and policies can impact how a company ...
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