IMPORTANCE OF POLITICS IN STRATEGIC MANAGEMENT:
   (1) Political Stability.
   (2) Changes in Government Regulations.
   (3) Impact on Economy.
   (4) Campaign Finance.
   (5) Lobbying or Legislative Advocacy.
   (6) Helps in Risk Mitigation.
         * Impacts of Organizational Politics.
    ROLE OF COMPETITION:
    (*) The following are some of the important benefits of competition:
    (1) Growth of Business.
    (2) Better service to the customers.
    (3) Provides opportunities for creative thinking and innovation.
    (4) Stops complacency.
    (5) Triggers economic growth.
    (6) Helps in identification of strengths and weakness.
    (7) Helps in identification of potential threats.
    (8) Helps business to  raise their standards of service.  
   NATIONAL AND GLOBAL BUSINESS 
   ENVIRONMENT:  
   1) Global Concentration.
   2) Global Synergies.
   3) Global Strategic Motivation.
  (*) Some of the long-term developments that are 
  shaping our world:
  (1) Emerging markets increase their global power.
  (2) Green marketing is becoming a competitive advantage.
  (3) Global banking seek recovery through transformation.
  (4) Governments enhance ties with the private sector.
  (5) Rapid technology innovation creating a smart, mobile 
  world.
  (6) Demographic shifts transform the global workforce.  
      COMPONENTS OF ENVIRONMENT:
      (1) Internal Environment.
      (2) External Environment.
          (A) Micro/Operating Environment.
              (a) Suppliers.
            (b) Customers.
            (c) Market Intermediaries.
            (d) Competitors.
            (e) Public.