Customers view on environmental issues will impact industry

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Reference no: EM133978582

Question

The business environment in Toronto, Ontario, Canada comprises all external factors that may impact the electric vehicle industry by creating opportunities or posing threats. Since these factors are external to electric vehicle company, the company's executives can not control them, but they control how the company react to them. Therefore, it is important to understand these factors well. These factors are discussed in the textbook in chapters 1-5. For every factor, you will need to identify if the factor creates an opportunity or imposes a threat to companies in the electric vehicle industry. You will also need to quantify the opportunity/threat as high, medium, or low. You must be very specific about the impact of each factor. You should write the STEEPLE factors, and their impact in a table format as presented in the table below.

Sl.no element impact why

You have to make, at least, 5 points for each factor. Please note that to determine the impact of each factor you must indicate how each factor will impact your business. A common mistake is to write how your business/product/service will influence the environment. This is wrong. You need to write about how the environment will affect your business. provide the reference links

1. Environment: How customers' view on environmental issues will impact this industry?

2. Politics: How the political system in Canada and Ontario may impact this industry?

Reference no: EM133978582

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