The macro environment Introduction Marketing’s role is to match the capabilities and resources within the organisation with market opportunities external to the organisation. Understanding customer needs is central to achieving this aim‚ but marketers must also be aware of factors that can cause customer needs to evolve. A change in customer needs will impact upon the organisation’s ability to serve its customers. This means that marketers have to be knowledgeable about what is happening in the
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What Is Macro Environment? The major external and uncontrollable factors that influence an organization’s decision making‚ and affect its performance strategies. These factor includes the economic factors; demographics; legal; political‚ and social conditions; technological changes; and natural forces. Macro environment factors are beyond the control of an organization. This is because those factors are positioned outside the organizational system. Those forces are the prime factors in corporate
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main means by which unemployment can be controlled? Unemployment‚ the state of being unemployed‚ especially involuntarily can cause big problems in our modern world. But how does one measure such an enormous prospect? When measuring unemployment it is first necessary to measure the working population‚ as not every person is able to work. Looking at the elderly and young children as labour resources would be a waste of time. Therefore the first step to controlling unemployment would be to first measure
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Ch 202 Essay Two 5-4-13 Influential Artists Throughout the centuries there have been many influential artists that brought us new discoveries‚ techniques‚ and magnificent works of art‚ however‚ I believe the art depicted by Andy Warhol‚ Marlyn Diptych (1962)‚ silk screen on canvas‚ The Tate Gallery‚ London. Jackson Pollock‚ Autumn Rhythm Number 30 (1950) Oil on canvas‚ The Metropolitan Museum of Art‚ New York. Dorothea Lange‚ Migrant Mother (1936) Gelatin-silver print
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CHAPTER 3: THE MACRO ENVIRONMENT MGMT 488 – STRATEGY AND POLICY OVERVIEW The macro environmental analysis is the first step in creating the Environmental Analysis. The macro environment examines the general business climate as it relates to the organization‚ but has nothing to do with the organization itself. The macro environment is primarily concerned with major issues and upcoming changes in the environment. The acronym for the macro analysis is “STEEP.” The five areas of interest are Socio-cultural
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Definition of interest rates……………………………………………………..2 2.0 How does an increase interest rate affect the economy in the UK? 3.1 Encourage people saving money and reduce borrowing……………2-3 3.2 Decrease firms to investment……………………………………………..3 3.3 Promoting the exchange rate‚ and makes exports less………………...3 3.4 Reduce the aggregate demand and inflation rate………………………4 3.5 The price and cost will fall……………………………………………….4-5 3.6 Increase in unemployment………………………………………………
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organization’s macro environment and give an example for each component of a current major operational change or industry trend”. Macro Environment: The factors outside of the industry that influence the survival of the company; these factors are not directly 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
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What is Coaching and how can GDP benefit from it? Coaching is about guiding an individual to confidently reach their aims and goals and achieve their full potential within all aspects of their lives‚ both personally and professionally. It is about helping an individual to achieve these aims and goals without advice‚ suggestion or judgement. The IIC (International Institute of Coaching) defines it as - “an interactive‚ results orientated enlightening process that brings about change. Coaching provides
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Unit 202 Improve own performance in a business environment Outcome 1: Understand how to improve own performance Assessment Criteria 1. Explain the purpose and benefits of continuously improving performance at work Improving performance at work is to ensure that we are constantly trying to improve ourselves and our work‚ This carries benefits to the company in a higher performing member of staff which can in turn provide the member of staff with promotion‚ being able to complete more complicated
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Unit 202 Outcome 1 1. My duties and responsibilities as a support worker are to‚ prepare meals for residents‚ to support residents with room cleans‚ to prompt residents with their personal care‚ attend appointments with the residents‚ to support going out into the community with the residents‚ to support with personal shopping‚ to handle the safe/medication keys when senior is not on shift‚ to be in control of residents money when senior is not on shift‚ to complete medication rounds at set times
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