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Name 4 major external issues facing the Automobile Industry today. Identify whether they are opportunities or...

Name 4 major external issues facing the Automobile Industry today. Identify whether they are opportunities or threats.

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Answer #1

Below are the few major external issues facing the automobile industry.

  • Enhanced automobile technologies and methodologies which can increase the customer to the organization.
  • Increased competition in the market.
  • Availability of raw material needed for the automobile parts.
  • Government policies and regulations.
  • More demand in the market.
  • Entry to new market.

Opportunities:

Enhanced technology and methodologies creates good quality automobiles which can increase the customers and creates a more demand in the market which can enhance the sales and eventually increase the organization profits. New entry to different market are all considered as the opportunities to automobile industries.

Threats:

Increased market competition, changes in government policies and regulations, less availability of raw material in future are considered as the threats to automobile organisations.

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