Unit 3 - Outcome 1 Explain what is meant by: * Diversity * Equality * Inclusion * Discrimination * Diversity: Diversity literally means difference. Diversity recognises that though people have things in common with each other‚ they are also different and unique in many ways. Diversity is about recognising and valuing those differences. Diversity therefore consists of visible and non-visible factors‚ which include personal characteristics such as background‚ culture‚ personality
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Chapter 1 Hong Kong’s Business Environment Think it over (p. 2) 1 Arguments for: lower costs (e.g.‚ rent and salary)‚ larger space for expansion‚ and a better living environment for workers‚ which makes it easier to recruit overseas staff. Arguments against: high relocation costs‚ poor communication network‚ restricted flow of information‚ far from China’s market‚ increase in transportation costs‚ difficult to hire skilled labour. 2 When considering relocation‚ students should
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customers are important? Customers are the most important people for any organization. They are the resource upon which the success of the business depends. When thinking about the importance of customers it is useful to remember the following points: 1. Repeat business is the backbone of selling. It helps to provide revenue and certainty for the business. 2. Organizations are
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Historic inflation China (CPI)-full term 9. 4. Table IV - Cultural analysis- China 10. 5. Table V - 2012 SuperGroup Plc Financial Highlights 11. 6. Table VI – Supply and Demand curve 12. 13. 14. Summary 15. 16. 17. In this Business Environment report‚ my objective for SuperGroup plc is expanding the market to China by using the political‚ economic‚ social and technological (PEST analysis) to identify the external and internal opportunities for increasing the profitability of SuperGroup
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Business Environment Meaning: The success of every business depends on adapting itself to the environment Within which it functions. For example‚ when there is a change in the government polices‚ the business has to make the necessary changes to adapt itself to the new policies. Similarly‚ a change in the technology may render the existing products obsolete‚ as we have seen that the introduction of computer has replaced the typewriters; the colour television has made the black and white television
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The Business Environment SIX FORCES OF INFLUENCE by Ryan L. Sievers‚ MBA Definition—The six forces of the Business Environment are defined and described in detail. These are the forces beyond the control of any company. Understanding and monitoring them is crucial in order to anticipate‚ prepare for and successfully adjust to the change that is both inevitable and constant. Revised June 2008. Copyright © 2006-2008 Ryan Sievers. All rights are reserved. DEFINITIONS / The Business Environment
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Lesson 4 Social Responsibilities of Business You know that business is an economic activity‚ which is carried out on a regular basis to earn profit. However‚ you must have seen businessmen spending money on different aspects‚ which is not going to give them any profit straightway. For example‚ you must have seen businessmen maintaining and developing gardens and parks on streets and squares in cities. Some businessmen engage themselves in research for improving the quality of products; some
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Business Environment AssigNment 1 | BUSINESS ENVIRONMENT | | | (Word Count 2‚291 excluding front page‚ content page) Terms of Reference The focus of this report is to evaluate the human resourcing function and personnel management. The report aims to research and analyse‚ through a wide selection of resources‚ the severity of the implications and review some human resources functions. Introduction In this assignment I have been required to select a business and research‚ investigate
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competitive business environment‚ business organizations are striving to stand out from their competitors and attract targeted audience by providing consistent and reliable customer service. However‚ if a business organization is to implement effective customer service programs‚ they must have their employees acquire a set of skills that collectively encompass the business social/interpersonal area. Although business social/interpersonal skills cover many dimensions of business‚ some common business mistakes
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1. What is meant by diversity? Diversity is the difference from one another 2. Describe the community you live in. Highlight some of the variations you may observe in terms of: • Interests • Beliefs • Ages • Lifestyles • Personal‚ social and cultural identities. In my community there are different people from different ethnic backgrounds for example: Asians‚ British and Black people. We have people of all ages. The young boys and girls play in the park nearby. Some play football
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