business decision making?”‚ one of the component elements included in the right answer definitely is analysing the external environment of the organization. As Dess commented (2008‚ p.37)‚ “Strategies are not and should not be developed in a vacuum. They must be responsive to the external business environment”. Especially in hospitality – a service-based industry‚ the term “external environment” is extremely important cause the products are intangible‚ which are dedicated according to the markets’
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Each time a cigarette is smoked the detrimental chemicals pass through the airways to the lungs. A person may start with just a cough‚ but as time goes on they can come to develop asthma‚ COPD‚ emphysema‚ and then even cancer. When the lungs become irritated from the smoke‚ the cells that produce mucus will grow in quantity and size. This causes thicker and greater amounts of mucus in the lungs and airways. When there is an overproduction of mucus‚ your system has a hard time clearing it out. The
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The Case of Jet Airways Jet Airways: Background Jet Airways (India) Private Limited was a reputed private airline in India having an average fleet age of 4.45 years. Jet Airways covers 63 destinations spanning the length and breadth of India and beyond‚ including New York (both JFK and Newark)‚ Toronto‚ Brussels‚ London (Heathrow)‚ Singapore‚ Hong Kong‚ Kuala Lumpur‚ Colombo‚ Bangkok‚ Katmandu‚ Dhaka‚ Kuwait‚ Bahrain‚ Muscat‚ Doha‚ Riyadh‚ Jeddah‚ Abu Dhabi and Dubai. The Airline carried
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1-pepsico External Environment Consumers today are not as much joyous to cola products as they were before. Age and ethnicity are two main characteristics that affect consumer preference for soft drinks and alternative beverages. With age‚ health concerns become more of a factor when choosing a beverage. To illustrate‚ some studies show that cola products or soft drink in general may cause kidney stones and other related diseases. In contrast to older consumers‚ younger consumers—particularly
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Chapter 2 The external environment: Opportunities‚ threats‚ industry competition and competitor analysis Knowledge objectives 1 Explain the importance of analysing and understanding the firm’s external environment 2 Define and describe the general environment and the industry environment 3 Discuss the four activities of the external environmental analysis process 4 Name and describe the general environment’s six segments Knowledge objectives 5 Identify the five competitive forces
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report‚ to merge files in queries‚ to merge files in master file maintenance‚ to make searches easier‚ to prioritize‚ etc. Chapter 05 External Sorting Algorithms Internal vs External Sorts Internal Sort – sorting items entirely in main memory ICS 2‚ ICS 3‚ CS 101 External Sort – sorting files in secondary storage using main memory CS 102 Why external sort ? Some files may be too large to fit in main memory Some Terminologies A Pass – an iteration that goes through the items (or records)
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Week 1 Evaluation Paper Restaurants are a very huge industry and have the option of succeeding or failing depending on what and how they go about advertising and promoting their concepts. Moreover‚ restaurants have many critics that can affect their business as well. Everyone’s opinions on overall dining experience differ from one another. My best friend dined Bombay Chopsticks and didn’t have positive feedback. I wanted to go there as well for a long time‚ so my boyfriend and I went on a dinner
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environment can classifies in two categories that are internal environment and external environment. Internal factors close to the company that have a direct impact on the organizations strategy‚ these factors include employee‚ customer‚ suppliers‚ shareholder‚ banker etc. External environment comprises those factors and trends outside the organization that might have an influence upon an organization and its future. Many external factors can have an effect upon an organization - from changes in government
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External analysis How can a smartphone company use external analysis to gain competitive advantage? 1. Apply 5 forces model for the smartphone industry According to Hill and Jones‚ the five forces model serves the purpose to identify opportunities and threats in the external business environment‚ by analysing “competitive forces” (Hill & Jones‚ 2012‚ p. 42). Once created by Michel E. Porter this particular framework functioned as a useful tool for managers to approach the external analysis
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Why did Jet Airways announce retrenchment? The announcement was done due to rise in aviation fuel. Jet Airways thought through retrenchment the expenditure can be controlled which was going high due to fuel prices. What was the immediate reaction in the environment? Employees were protesting as they were with no job. By seeing the employees of Jet in such a situation‚ political parties supported them. Due to this government was forced to rethink on the hike of the prices and as well as
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