controllable by the organisation. (Elliot‚ Rundle-Thiele‚ Walker‚ p.48) Components of the Marco Environment: There are six (6) major components of which the macro-environment is made up of; 1. Demographic 2. Economic 3. Natural 4. Technological 5. Political 6. Cultural Demographic Forces: variables of a population which include‚ age‚ sex‚ level of education‚ employment status‚ income level‚ home style status (ownership vs. renting & location) also ethnicity. Example: An
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The External Environment All outside factors that may affect an organization make up the external environment. The external environment is divided into two parts: ● ● Directly interactive: This environment has an immediate and firsthand impact upon the organization. A new competitor entering the market is an example. Indirectly interactive: This environment has a secondary and more distant effect upon the organization. New legislation taking effect may have a great impact. For example‚ complying
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Choose a business on which to base this project. The business can be your own business‚ a business in which you work‚ a sporting or social club to which you belong or any other business with which you are sufficiently familiar so as to be able to complete the project requirements. Outline the core focus of your business as it will operate at start-up and then discuss the threats it faces as the market and customer preferences change. Detail the strategies you will use to keep abreast of all changes
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for the study? 3) Was the sample adequate for the research design that was selected? 4) Describe the data collection procedure. 5) What did the authors say about the reliability and validity of their data collection and analysis? 6) What demographic information was reported? 7) What were the variables that were studied? 8) How were the data analyzed after collection? Was there any special software used? 9) Discuss the use of any figures‚ graphs‚ and tables. Was the information conveyed
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and fast to the customers. We can speak positively about mobile franchises when it comes to their competitive advantages. They are well positioned to satisfy the customer’s needs and wants that are being created by trends such as the following demographic trends: An increasing number of women in the labour market; the 76 million baby boomers who are entering their peak-earning years; the maturing economy‚ the rising incomes and the explosive growth within the service sector of the economy; and finally
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OLAMIJUWON Emmanuel O. (1117172) Compile the demographic profile of your country based on the latest census data including: size of population‚ sex composition‚ age structure‚ racial composition‚ educational achievement composition‚ employment status BRIEF INTRODUCTION: Nigeria‚ located in West Africa‚ Nigeria is the population giant of Africa‚ with more than 140 million people. The terrain changes from the oil-rich Niger Delta in the south to a belt of rain forests inland and to high savannah-covered
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Macro environmental category includes: demographic; economic; social-cultural; competitive; political-legal; and technology variables. 2. Microenvironmental category includes: the company itself; customer served by the company; suppliers; distributors; market intermediaries that assist in making and marketing company’s products and services; and special publics that influence the success of the company’s strategic plans. Demographic Environment Demographic characteristics are often strongest
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and attitude differences. The term "racial and ethnic groups" is used to define the range of employees that belong to different cultures or races that now make up the growing area of the new workforce (Schermerhon‚ et al.‚ 2005). This type of demographic characteristic can lead to a number of individual behavior issues such as stereotyping and discrimination. Stereotyping happens when a group or category defines a person and this can lead to generalized misconceptions when assessing an individual
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China research – Bullet 5 Demographics Political and legal environment in China make it very volatile for business outside of the country. China is undergoing massive urbanisation with millions (160m) of people moving from rural to urban environments. However the mass industrialisation comes with a lot of pollution costs. The urbanisation is pushing up consumption per person but also increasing income per person. Population in China is suspected to reach 1 billion by 2030. The scale and pace of
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great documenting on their previous sales data and financials. There is some research that Kudler’s should add so they can have a better understanding of the markets to which they wish to sell. An area that needs more research is the demographics of the consumers. Demographic information is beneficial to the company so they can market the products and services according to the types of consumers they have currently as well as the consumers they want to purchase their products. The surveys Kudler previously
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