can som one explain the changes in environment and in the industry’s or company’s evolving strategy.

What industry? What company?

Certainly! To understand the changes in the environment and the evolving strategy of an industry or company, you need to consider a few key steps:

1. Research the industry or company: Start by gathering information about the industry or company you are interested in. Look for trends, market dynamics, competitors, and any recent news or developments that may affect the business.

2. Analyze the external environment: Identify the factors in the external environment that are influencing the industry or company. These may include political, economic, social, technological, legal, and environmental factors, also known as PESTLE analysis. Evaluate how these factors have changed over time and their potential impact on the business.

3. Understand the internal dynamics: Examine the internal operations, resources, and capabilities of the company. This includes evaluating its strengths, weaknesses, opportunities, and threats (SWOT analysis). Identify any changes in the company's performance, market position, customer preferences, or competitive advantages.

4. Identify strategic shifts: Compare the current strategy with the previous one to identify any changes. Look for shifts in market focus, target customer segments, product offerings, pricing, distribution channels, or marketing tactics. Assess the reasons behind these strategic shifts, such as industry disruptions, competitive pressures, technological advancements, or changes in customer behavior.

5. Analyze the impact: Evaluate how these changes in the environment have influenced the industry or company's strategy. Consider the outcomes, risks, and opportunities resulting from these changes. Assess whether the new strategy aligns with the evolving environment and if it provides a competitive advantage.

6. Keep monitoring: Changes in the environment and the industry's strategy are ongoing processes. Stay updated with the latest news, trends, and market dynamics. Continuously evaluate and adapt the strategies to maintain competitiveness and capitalize on emerging opportunities.

By following these steps, you will be able to understand the changes in the environment and the evolving strategy of an industry or company.