Internal and external factors can affect the four functions of management within any business. With the Wal-Mart Corporation; globalization‚ technology‚ innovation‚ diversity‚ and ethics are key factors that the corporation must consider if it plans to succeed and stay competitive with other industries in its area. If these areas are not considered‚ the Wal-Mart Corporation would discover that its company would not remain as strong as it has proven itself to be. Effect of Internal/External Factors
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Contents I‚ Executive Summary 2 II‚ Introduction 3 III‚ Assignment Question 5 1. Question 1 5 a) Strategically relevant components of Equal Exchange’s macro-environment 5 b) Are these factors favorable to the sellers of fair trade food and beverage products? 6 c) Opportunities for growth 6 2. Question 2 6 a) The competitive pressure facing the fair trade food and beverage product industry. 6 b) Five-forces analysis 7 3. Question 3 7 a) Key elements of Equal Exchange’s strategy 8 b) Generic strategy
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Distinguish between internal and external environment of business and in each case explain five components of the environment. The term business‚ in economic sense means human activities which are performed with the objectives of earning profits. Human activity for earning profit may be in the form of production‚ extraction or purchase of goods for sale. It is expected of business to provide goods and services to the society in an effective manner. Thus‚ in today’s competitive environment‚
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Internal and External Recruitment The recruitment is not just about hiring new employees to the organization. Human Resources is also partially responsible for the motivation and career development of employees and the internal recruitment is one of the best tools for employees‚ who want to build their own career path in the organization. The recruitment process should not distinguish among job candidates generally. But in the reality‚ the organization has to set the rules for the internal recruitment
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WHY PROFIT DOES NOT EQUAL CASH Why is profit not equal to cash coming in? Some differences such as loans received which do not impact the profit and loss statement are pretty obvious. Others may not be as obvious but you can break them down into three main areas: - Revenue is booked at sale. In many cases a sale is recorded for accounting purposes in the profit and loss statement when a company delivers a product or service. In many cases‚ no cash has been exchanged at the time of
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Are all men really created equal? I have always heard the cliché in the constitution that all men are created equal but is it a valid statement? I have seen people with both physical and mental disabilities; people who view the world differently than us “normal” humans. People who have different hardships that we can never understand through experience- my life has changed when I finally realized those less fortunate living among us. I always ask myself why the world naturally discriminates against
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Internal and External sources of finance Internal sources of finance for Tesco http://www.mspy.com/blog/wp-content/uploads/2012/07/Businessman.jpgTesco’s main internal source of income will be their retained earnings. Retained earnings are the amount of net income that Tesco have retained and not paid out. Retained earnings are what are paid to the business owners. Fixed assets are another form of an internal source of finance; this form of finance is a lot harder to convert into cash as fixed
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External and Internal Environmental Analysis “Environmental scanning is the internal communication of external information about issues that may potentially influence an organization ’s decision-making process” (Albright‚ 2004‚ p. 34). For organizations like Fresenius Medical Care‚ a worldwide company‚ the awareness of external environmental factors is vital to maintain competitive on the dialysis industry. Even though there are multiple external factors to analyze‚ in recent years the government
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You Have The Right To Remain Equal Do you consider yourself equal to your opposite gender? Of course‚ by law men and women are entitled to have equal rights‚ although our public actions show otherwise. When is it okay to divide gender roles? Perhaps when playing a competitive sport. Why? Is it the different capability men and women have? Is it fair to judge women? No‚ especially when the female gender is being picked on harshly. Various cultures depict equality based on their customs‚ however women
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John Liss History 1408-V61 June 27‚ 2016 Equal Rights Amendment The Equal Rights Amendment defines as‚ “Section 1: Equality of rights under the law shall not be denied or abridged by the United States or by any state on account of sex. Section 2: The Congress shall have the power to enforce‚ by appropriate legislation‚ the provisions of this article. Section 3: This amendment shall take effect two years after the date of ratification. Without the Equal Rights Amendment‚ the only effective right
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