THE ELEMENT OF THE SMALL BUSINESS ENVIRONMENT Entrepreneurship Individual Assignment THE ELEMENT OF THE SMALL BUSINESS ENVIRONMENT Entrepreneurship Individual Assignment NGUYEN THAI HA B0074 - BA505 ETR401 | LECTURER: MR. NGHIAHT NGUYEN THAI HA B0074 - BA505 ETR401 | LECTURER: MR. NGHIAHT CONTENTS I. INTRODUCTION of ENVIRONMENT II. INTERNAL ENVIRONMENT III. EXTERNAL ENVIRONMENT 1. Task Environment 2. General Environment IV
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in the environment. Once identified‚ the company can then strategise and react in order to exploit the phenomenon. Three useful tools in an environmental analysis are a PESTEL analysis‚ Porter’s Five Forces‚ and Strategic Grouping. Utilising these tools‚ an environmental scan of the jewellery industry will be performed. PESTEL Analysis Political Many of the raw materials for the jewellery industry can originate in countries that have political instability. Of the top five diamond producing countries
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small family business managed to become the leading retailer in the world. We will start by critically comment on the organisational culture of Wal-Mart. We will then apply Porter’s 5 forces Framework to this company. We will continue by undertaking a PESTEL analysis and discussing WAL-Marts key drivers for change. We will finish by critically comment on the strategies used by this leading retailer to expand outside the USA. Table of Contents Executive Summary 2 Introduction 3 I) Critically
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End of PESTEL ANALYSIS environmental protection laws • waste disposal • energy consumption • other resource consumption • sustainability Legal influences: • welfare legislation • employment law • health and safety • consumer protection PESTEL ANALYSIS FOR A BRAND Political Adidas policy is to control and monitor hazardous substance to protect human healthand environment one of those is to eliminate PVC making progress in findingsubstitutes
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Internal Environment – VRIN competitive advantage Valuable It refers to those resources enable the firm to formulate and implement strategies that improve its efficiency or effectiveness. exploit an external opportunity‚ neutralize an external threat Increase the revenue‚ decrease the costs e.g. Levis’ reputation allows it to charge a premium price for its jeans fdsfsdfffffffffffffffffffffff11f2g1df32 and term papers available at echeat.com‚ the largest free essay community. ... Starbucks;
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which highlights the different objectives of different stakeholders. The objectives of the local community are different from the owners of the quarry in the article. This article focuses on the different views of stakeholders in an organisation. Burberry is an excellent example to use to highlight the influence of different stakeholders. You could use this table to help you structure your work. Task 3 - Evaluate the influence
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In the article "Marketing to the Millennials" Suzy Menkes a fashion editor‚ describes new ways to reach out to the Millennials that are eager to be entertained and informed. She believes that by doing so‚ you have to grab the attention of the audience through social media. When you use social media as a marketing tool it is not only beneficial for the buyer but also for the marketer because it helps the marketer be more connected to the buyer. "Sites such as Instagram‚ Facebook‚ Twitter‚ fashion
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using the principles covered in this subject as your guide? For example‚ you might discuss the good and bad examples in one or more of these areas: handling stakeholder expectations; communicating organisational purposes; external environment (PESTEL framework‚ five forces‚ opportunities and threats); strategic capability (value chain and value network‚ strengths and weaknesses); SWOT analysis; formulating a business ’ strategy (bases of competitive advantage); implementing a business ’
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Zara is considered as one of the greatest global fashion companies. This belongs to the Inditex as one of the greatest groups of distribution in world. Its specific model of thebusiness is consumer –based and comprises the distribution‚ manufacture and selling of the products with the help of extensive system of group owned retailers. It has been examined that designers of Zara are continuously tracking the preferences of customer and placing the orders with the external and internal suppliers. The
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macro-environment factors: Political、Economic、Social、Technology、Environment and Legal（PESTEL）to analyze the 759 Store. PESTEL will be used to analyze 759 Store how to impact the Hong Kong citizen life and relevant industries. Furthermore‚ we hope we could know more about 759 Store business through analyzing 759 Store’s PESTEL. First‚ we will introduce the background of 759 Store. And then‚ we will analyze PESTEL factors one by one. Background 759 STORE is chain of food Specialized stores
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