Technological Impact on Tigo: External Environment Component Analysis

This report analyzes the impact of the external environment, specifically focusing on technological factors, on the operations of a telecommunication company, Tigo. The report highlights the importance of adapting to technological advancements and discusses the need for companies to understand and integrate these changes to remain competitive. It emphasizes the need for strategies that facilitate adaptation to new innovations in the market and provides insights into how Tigo can maintain its standards by offering new services and products. The report concludes that companies must implement proper strategies to compete in the global market and introduces the concepts of understanding the technology and thinking ahead. The report also includes references to academic sources supporting the analysis.

Discuss a Component of the
External Environment

Table of Contents
INTRODUCTION...........................................................................................................................1
One component of the external environment:..................................................................................1
CONCLUSION ...............................................................................................................................2
REFERENCES................................................................................................................................3

INTRODUCTION
External environment deals in the macro environment on which organisation doesn't have
any control over it but by analysing and determining process of the organisation will maintain
and cope up with these environment effectively (Juvinall and Marshek, 2020). These are the
factors related with the political, economical, social, environmental,legal and technological etc.
This below report is based on the Tigo, a private limited telecommunication company with over
11 million registered subscribers to their network , this report considered with one factor which
will impact the organisation.
One component of the external environment:
Technological Factor :
This factor refers to the changes in respect of the technological advancement in a market
scenario through new innovations and development on a part of products and services which will
impact the organisation or company in current and future aspect. This factors relates with the
new techniques and approaches of the market relates with the competitors point of view by these
changes, company has to adopt their operations accordingly, if they did not go for the certain
technological changes then they have to bear losses as their services and product will be clearly
mentioned in the market as outdated so as to cope up with the situation. Company has to adopt
the strategies which are helping them into future growth as well without any risk involves in it.
In the context of Tigo a telecommunication company has to maintain their standards according to
this technological aspect by adopting new offerings in their upcoming plans with better quality of
calling facilities and services. Some of the strategies in respect to deal with that factor are:
 Understands the technology:Its important for the company Tigo, to adopt the change by
utilizing the sources through which they will understand the nature of change in respect
of technology. On the basis of generates information regarding the particular technology
in products and service (Li, Westlund and Liu, 2019).
 Think ahead :After analysing the new innovation, Tigo needs to adopt the next process
in respect of new product or services which they are going to implement in the market.
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CONCLUSION
It has been concluded from the above report is that every organisation needs to adopt
technology changes in order to introduce new products and services.To compete in the global
market through its proper strategies formations to be applied in the industry.
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REFERENCES
Books and Journals
Juvinall, R.C. and Marshek, K.M., 2020.Fundamentals of machine component design. John
Wiley & Sons.
Li, Y., Westlund, H. and Liu, Y., 2019. Why some rural areas decline while some others not: An
overview of rural evolution in the world.Journal of Rural Studies.68.pp.135-143.
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