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Describe the Environmental factors to consider in setting up a business in a given region or country.

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Question ajoutée par Emmanuel Wamweta , production supervisor , Tembo Steel Rolling
Date de publication: 2016/05/27
Nadjib RABAHI
par Nadjib RABAHI , Freelancer , My own account

  • The laws of the country or region in the industrial field
  • Local industrialization policies
  • Terms of life
  • Industrial zone, paving the full availability and partially busy
  • It provides a complete transportation network (wide roads, iron roads and river, and Airports for all types of aircraft
  • Availability of labor
  • Accommodation for executives
  • Transportation
  • living conditions
  • The presence of competitors
  • Purchasing power
  • Local bodies
  • The quality of competition
  • Chambers of Commerce
  • Distribution networks
  • Technological research
  • Pricing policies
  • market

Emmanuel Wamweta
par Emmanuel Wamweta , production supervisor , Tembo Steel Rolling

In addition to mr. Nadjib's good submission, another perspective may be;

Economic factors- income levels, inflation rates, interest rates, exchange rates, business cycle for instance boom, recession or depression.

Social/Cultural factors- Linguisitics, religion, education levels, attitudes & values, beliefs & superstions, Aesthetics like symbols, arts.

Political & Legal factors- stability of government, international relations, informal relations between government officials & businesses, nature of goods & services, government attitude towards foreign investment, existing political parties, import & export controls, price legislations.

Technological factors- trends, gains in productivity for instance more outut per units of input, reduced costs of operations.

Internal factors-human resources, capital, materials,stakeholders.

Micro environmental factors- suppliers, competitors, marketing intermediaries, publics & customers

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