Essay on Telecommunications Industry Environment Analysis
Telecommunication is basically any communication over a distance, either via telephone, wireless network, computer network, radio or other means-but conventionally it has been used for telephone service. One of the most advanced forms of telecommunication has been the Wireless Telecommunication; where the information flows between two or more points that are not connected via an electrical conductor. The emergence of wireless telecommunications has made communications across continents almost instantaneous; which seemed practically impossible just a few decades ago.
Orientation to the Telecommunications Industry
Out of all the telecommunications options …show more content…
Trends, Patterns and Consistencies among key Environments
For any business industry to prosper, it has to take into consideration the Business Environments in which it wants to operate. Business Environment is essentially a combination of external and internal factors that influence a company’s operating situation. The business environment includes factors such as suppliers and clients; laws and government activities; its competitors and owners; and market, social and economic trends. The external environment is also referred to as-The PEST (Political, Economic, Social and Technological) analysis. The PEST analysis is of particular significance when a company plans to enter a new market, launch new products or services, consider a potential acquisition or revamp and expand. Among the external and internal environments, this business brief discusses the three key external environment factors: The Economic, Social and Technological aspects of The Telecommunications Industry. The various trends, patterns and consistencies affecting the telecommunications industry are as