Demographic 1. Age Elders aged 50 and above tend to have more time to travel around with their friends as they had already retired. The time is more flexible comparing with young generation-working groups and students. Working groups and students can only travel during holidays. 2. Education When the people are more educated; they have the ability to get more income. Therefore‚ they will be more affordable to travel. 3. Occupation Employees who work in multinational company often travel to
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Introduction 2 Analysis 3 Internal communication 3 External communication 6 Conclusion 10 Recommendation 11 Internal communication 11 External communication 12 Executive Summary BP oil spill in April 2010‚ had incurred serious damage to both the company and publics. Though some internal and external communication strategies were carried out after the accident‚ more improvements should be made by BP to maintain the safety and reputation. The internal strategies used by BP‚
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that working for Costco can meet those needs. While some companies put major importance on various aspects of employment‚ it has become clear that what works best is to focus on your employees and their state of well-being. Costco is known in the business world as a great company to work for. There have been stories in the media saying such. The turnover is very low‚ barely over 5%‚ and the pay is very good (Desjardines‚ 2008). Costco’s culture is appealing because Costco seems to send a
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SUMMARY Organizations have to face more and more complex and rapidly changing external and internal environmental factors nowadays. The Fourth Industrial Revolution is a potential source of innovation today‚ because it implements a number of technical innovations‚ which can not only affect our everyday lives‚ transportation and environment‚ but it can also change manufacturing processes‚ educational systems and market structures. The changing attitude and the new generation being brought up by the
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Appendix B: Financial analysis Financial analysis is the mean to clarify most important factors that affected Costco performance and resulted in companies’ success. In order to reach that goal‚ we studied financial performance of Costco for 2008 to 2012. These data obtained from different sources such as Costco annual reports and other respectable financial sources. At some levels comparison between leading companies in the industry such as Sam’s club and Bj’s has been made. The major problem that
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Executive summaryThis report analyzes the primary internal and external influence on the General Motors Corporation and the influence of changing political environment on policy making and response of the corporation. Then the report discusses the changing political environment in and its influence. The influences of political environment on policies and decision making to the corporation are analyzed. The corporation response to the political environment changing is critically evaluated. At last‚ some
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industry it is operating in. According to Maurice Greaver II author of strategic outsourcing‚ Outsourcing is the act of transferring some of a companies’ recurring internal activities and/or decision rights to outside providers. Environmental Scanning‚ often referred to as an early warning system‚ is monitoring the external environment beyond your competitors and industry. Properly implemented‚ a strong environmental scanning capability allows the organization to monitor trends‚ issues and events
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Internal and External Factors In a variety of business environments around the world‚ four management functions are usually found. The functions are planning‚ organizing‚ leading‚ and controlling. These are used from top-level management to frontline or organizational management. Globalization‚ technology‚ innovation‚ diversity and ethics are factors that affect these business functions. One can examine almost any organization and find this to be true. Wal-mart is one of the leading retail
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1. Describe the culture at Costco. Organizational culture has been described as shared values and beliefs that underline a company’s identity. A strong culture that encourages employees from the top to the bottom in adaptation and change can increase organizational performance by energizing and motivating employees‚ shape behaviors‚ unify personnel in the goals / objectives and align employee’s actions with the priorities of the company (Daft‚ R.‚ 2013). Creating a constructive culture should
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powerful and dominant role in the globalisation where they are considered to be the main vehicle that enables goods and services to move around the world. However‚ when company decided to internationalise their operation they will be expose to various environment‚ culture‚ legal and political differences and in order to operate successfully they should be able to modify its products and services to meet the cultural preference of their foreign customer as well as able to adjust their operation to comply
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