1. Macro environment External environment is the uncontrollable factors‚ forces‚ situations‚ and events outside the organization that affect its performance and strategies. As shown in below figure‚ the examples of macro environment of an organisation is include factors such as social cultural‚ political and legal‚ globalisation‚ economy‚ demographical and also technology. Detailed definition of macro environment factors mentioned and the description showed as below. Figure 1: Component of
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factors on UK business organization . Global Factor Global Factors can be defined as the environmental factors that affect the organization at global level. These factors can also be known as PESTEL (macro-environment). Organization’s future is linked to an increasingly global environment. Analyzing how global factors impact on UK business organization Political factors and legal factors Government policy affects the whole economy as well as business organization. Stability of government
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Chapter 2 Macro Environment The Macro Environment Demographic Figure 2. [ 1 ] (Taylor‚ 2009) The different types of music that exist are often subject to a lot of discussions and used as ice-breakers when meeting new people. It is hard to find somebody who does not like music at all‚ but the taste of music is often diverse and broad. This often depends not only on the gender of the people‚ but also on the age and what kind of music was popular when they were growing up and that they were exposed
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Introduction 3 2. External macro-environment 3 2.1 Social and cultural forces 3 2.1.1 Changing gender roles 3 2.1.2 Attitude towards health‚ nutrition and well-being 3 2.1.3 Cultural beliefs in a country 4 2.2 Technology 4 2.2.1 Advantages of technology 4 2.2.2 Disadvantages of technology 5 2.3 Demography 5 3. Conclusion 6 4. References Lists 7 1. Introduction This report is discussing about how three major forces of macro environment affecting an organisation’s
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the prestige of Abu Dhabi as a centre of hospitality between East and West. Eithad Airways has received a range of awards that reflect its position as the leading premium airline brand in the world‚ including ‘World’s Leading Airline’ at the World Travel Awards in 2009‚ 2010 and 2011. Eithad had tripled their profit ‘The Eithad airline‚ which will mark its first full decade of operations this year‚ said profits had tripled from $14m in 2011 to $42m last year‚ a success the chief executive‚ James
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firm’s activities and resources to the environment in which it operates. This essay will analyse the micro and macro external environment in the part five years (2000 to 2006) of IBM Company by using PESTEL and five forces model to analyse in the first part. The second part will discuss about the advantages and disadvantages of the two possible alternative strategies for IBM. Part 1: Analysis of Micro and Macro External Environment 1.1 PESTEL Analysis The external factors can be divided into
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our Macro environment at Jayrobs Mobile (JM). This is otherwise known as the general environment. Here we will use PESTELI (Political‚ Economic‚ Social‚ Technological‚ and Environmental‚ Legislative and International) analysis. This is a detailed analysis of the environment which will not only help us understand where the environment currently lies‚ it will also help us gauge where JM will be in the future. When using PESTELI analysis‚ we will analyse what factors could influence our Macro
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how the macro environment impacts upon industries 1. Introduction To answer this question‚ I will use Toyota as an example of an automotible industry within South Africa. An industry can be defined as a group of companies that satisfies a specific customer need. 2. Economic forces Since economic forces can change the health of the economy‚ they also have a direct impact on the broader industrial competitive environment. The four most important of these forces are: • the growth rate
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INTRODUCTION The hospitality and tourism industry is one of the most flourishing industries in the world; thus‚ almost every country relies on the industry. The income that a country gains from the industry is almost half of its gross national product. However‚ for developed countries‚ such as the United Kingdom‚ promoting hospitality and tourism is not a problem since they are already known and well-established worldwide. On the other hand‚ for developing countries where they mostly rely on the
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IMaCS Research & Analytics TRAVEL AND TOURISM September 2011 Prepared by Industry Report on Sri Lanka And i Contacts: W Don Barnabas‚ Managing Director/CEO ICRA Lanka Limited‚ #10-02‚ East Tower‚ World Trade Center‚ Colombo 01‚ Sri Lanka Telephone: +94 11 4339907 Mobile: + 94 773417517 Fax: +94 11 2333307 Email: wdbarnabas@icralanka.com www.icralanka.com V Sriram Chief General Manager ICRA Management Consulting Services Limited India Telephone: +91 44 4596 4329
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