THE ELEMENT OF THE SMALL BUSINESS ENVIRONMENT Entrepreneurship Individual Assignment THE ELEMENT OF THE SMALL BUSINESS ENVIRONMENT Entrepreneurship Individual Assignment NGUYEN THAI HA B0074 - BA505 ETR401 | LECTURER: MR. NGHIAHT NGUYEN THAI HA B0074 - BA505 ETR401 | LECTURER: MR. NGHIAHT CONTENTS I. INTRODUCTION of ENVIRONMENT II. INTERNAL ENVIRONMENT III. EXTERNAL ENVIRONMENT 1. Task Environment 2. General Environment IV
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Topic: Analysis of Porter’s Five Forces and PESTEL of Fashion Industry Company: G2000 Porters Five Forces (1)Potential New Entrants a. Bimba & Lola --- First established in year 2005‚ selling feminine office wear. b. The ability of some brands to start ordering or selling products online has diminished the entry barrier in which huge investment is required to set up networks of shop outlets. c. New entrants can easily enter the market as cost of facilities or equipment needed is low. Moreover
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Analyzing the General Environment Select three categories to analyze‚ from the list of the major forces that comprise the macro/general environment. Macro environment are external factors that have a direct impact on the organizations strategy and decision making. Those factors are uncontrollable. For example‚ some of those factors are: change in interest rates‚ change in cultural tastes‚ government regulations‚ social condition‚ technological changes‚ and natural forces. Those factors are usually
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UNDERSTANDING STRATEGIC MANAGEMENT CHAPTER 2: The General Environment The external environment facing the organization consists of both: a. A general environment‚ often referred to as the macro-environment because changes that occur here will have an effect that transcends firms and specific industries. b. A competitive environment‚ consists of the industry and markets in which an organization competes. In order to scan and monitor their environment‚ firms require tools of analysis that will
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The forces within the general environment‚ including politico legal‚ economic‚ technological‚ socio cultural and international forces‚ have a broad general impact on the organization. Although these forces do not always have a direct influence on the organization’s daily activities‚ they are important for several reasons. First‚ forces in the general environment can evolve into significant trends with far-reaching effects. A good example is the increasing interest in protecting natural resources
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The teachers should help the students in selecting any one element of the following: 1. Changes witnessed over the last few years on mode of packaging and its economic impact. The teacher may guide the students to identify the following changes: a) The changes in transportation of fruits and vegetables such as cardboard crates being used in place of wooden crates‚ etc. Reasons for above changes.b) Milk being supplied in glass bottles ‚ later in plastic bags and now in tetra pack and through
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MGC1020 Assignment #1 Which is more difficult to gauge accurately: the general environment or the task environment? Why is it important for a manager to make a clear assessment of these environments? The general environment and task environment are the two components that make up an organisations external environment. The external environment of an organisation includes influential elements that both directly and indirectly shape and impact its future‚ and as of late‚ has developed into
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ELEMENTS OF THE BUSINESS Business elements include structural and infrastructural elements. Structural elements are tangible resources‚ such as buildings‚ equipment‚ and computer systems. These resources typically require large capital investments that are difficult to reverse. Because of their cost and inflexibility‚ such elements arc changed infrequently and only after much deliberation. In contrast‚ infrastructural elements are the people‚ policies‚ decision rules‚ and organizational structure
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Questions for review 1. Identify and discuss each major dimension of the general environment and the task environment. Both the general environment and the task environment are a part of the external environment. The general environment consists of; Economic Dimension‚ Technological Dimension‚ and the Political-Legal Dimension. The Economic Dimension discusses how healthy the economy is that the organization is in. It includes factors like unemployment rates and inflation. The Technological
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|Hsbc Bank (China) | |The Analysis of the General Environment of the HSBC in China (Mainland) | |Media Management | |
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