formulation‚ development and implementation in organisation. These perspectives on strategy are [2]: The Classical approach – the oldest and still most influential view on strategy relying on rational and careful planning to maximise organisation profit. Classicists theorist assumes that business environment and organisation behaviour are predictable‚ planning are essential to predict future market changes and to prepare strategic plan to adopt to the changes. Rational analysis and objective decisions
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and then evaluate sales made by each salesperson. "Management information systems arose in the 1970s to focus on computer-based information systems aimed at managers." (Laudon‚ 2002‚ P15). Because of the growths of the Internet‚ globalisations of trade‚ and the rise of information economies‚ have to improve the role of information systems in business and management. And then it needs pays attention to organisation management information that issues raised by sociology‚ economics‚ environment and psychology
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INTRODUCTION Global business environment can be defined as the environment in different countries making on resource use and capabilities which including: the social‚ politic‚ regulatory tax‚ cultural‚ legal and technological environment.(The international business environment‚ Leslie Hamilton/Philip Webster‚ second edition/2012) Business principles are capital and inflation. In the present Bank of England cut over the capital and most of the Bank is needs external help because
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Components of business environment On the basis of extent of intimacy with the firm‚ the environmental factors may be classified into different levels or types. There are broadly two types of environment‚ the internal environment‚ i.e. factors internal to the firm and the external environment i.e. factors external to the firm which have relevance to it. The internal factors are generally regarded as controllable factors because the company has control over these factors; it can alter or modify such
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encompasses all for-profit businesses that are not owned or operated by the government. In the United Kingdom there are many private businesses that have sole traders‚ partnerships‚ companies and franchises. The sole trader is the most common form of business ownership and is found in a wide range of activities (e.g. window cleaning‚ plumbing‚ electrical work‚ busking). Advantages: Limited liability – This is the most important advantage of incorporation. Limited liability protects the personal wealth
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D1: Evaluate the impact of a selected business’s ethical behaviour on stakeholders and the business. D1:0 Introduction In this report I will be explain and evaluating the impact of the BP oil spill to their stakeholders. D1:1 BP oil spill The BP oil rig explosion was the second worst disaster in the U.S history‚ it resulted in the death of 11 employees and seriously injured 16 others‚ this resulted in one of the largest oil spills in the history of the world‚ this resulted in the Gulf
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MODULE: BUSINESS ENVIRONMENT LEARNING OUTCOME ONE | ASSESSMENT CRITERIA | Understand theorganisational purposes ofbusinesses | 1.1 identify the purposes of different types of organisation1.2 describe the extent to which an organisation meets the objectives of different stakeholders1.3 explain the responsibilities of an organisation and strategies employed to meet them | What is a business? It is a system whose performance is influenced by a whole range of phenomena in its environment. It is
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Management and business organization NOTES: Chapter 3 Introduction: 1. What is an organization: Consists of two or more people that have consciously arranged to create a basis from which to function on a regular basis to achieve a common goal. Despite differences the four common factors that organisations share are: people‚objectives‚ structure and management. Watson refers to 3 aspects of organisational life: o Importance of creative‚ critical and situation defining characteristics of the
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Information : this comes from a wide variety of sources and an effective business person will research information from a range of sources before making decisions. Verbal information : Face-to-face verbal communication is best way to communicate . There is less scope for misunderstanding and it allows for verbal and non-verbal massages . Written information : Writing is the use of physical symbols to present words . Words are the sounds that make up speech . But this definition can be broadened
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increasing competition among the coffee business. Virgin Group Ltd.‚ founded in 1989‚ is a British multinational branded venture capital conglomerate founded by business tycoon Richard Branson‚ operating in various business areas. We are about to change the history after merging with the Virgin Group Ltd to continue the growth of CC Coffee Manufacturing Company. Vision * To position as a market leading brand‚ by innovating product developments and expanding our business as the highly recognized company
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