Micro environmental factors are internal factors close to a business that have a direct impact on its strategy. These factors include: Customers Organisations survive on the basis of meeting “customer needs and wants” and providing benefits for their customers. Failure to do so will result in a failed business strategy. Employees Employing the correct staff and keeping staff motivated is an essential part of an organisation’s strategic planning process. Training and development play
Premium Strategic management Strategic planning Management
Environmental Factors Paper This paper will discuss the five environmental factors that influence global and domestic marketing decisions that organizations must make. The five environmental factors are social‚ economic‚ technological‚ competitive‚ and regulatory. The social forces of the environment as defined in Marketing‚ include the demographic characteristics of the population and its values (Kerin & Berkowitz‚ Hartley & Rudelius‚ 2006‚ p. 74). This includes gender differences‚ buying
Premium Marketing Environment Air traffic control
Abstract This paper discusses asthma and the environmental risk factors that can cause or initiate asthma symptoms. Asthma is an airway disease that can arise from a genetic background and common exposures to allergens and airborne irritants. Since major industrialization in Western‚ European‚ and Asian countries; there has been a rapid rise in the occurrence of asthma. More adults and children spend the majority of their time indoors. Indoor and outdoor air pollution has had an effect on this increase
Premium Asthma
Checkpoint: Environmental Factors Summarize the four external environmental factors and six internal environmental factors that help organizations achieve optimal function. Include in your response the factors that you feel are most important to the success of a human service organization. The four environmental factors that help organizations achieve optimal function are as follows. * Economic Factors * Sociological Factors * Technological Factors * Political and Professional
Premium Management Sociology Economics
The key socio-cultural and psychological factors that influence health behaviour in adults According to Alder (1995)‚ if people want to improve their chance of being and staying healthy‚ they should be able to introduce a healthy behaviour into their lifestyle. In order to make this happen it would mean drinking alcohol moderately‚ not smoking‚ having a well balanced low-fat diet and exercising regularly. The food Standards Agency committed a Low Income Diet and Nutrition Survey (LIDNS) which
Premium Health Nutrition Obesity
FACTORS DETERMINING WORKING CAPITAL REQUIREMENT The working capital needs of a firm are determined and influenced by various factors. A wide variety of considerations may affect the quantum of working capital required and these considerations may vary from time to time. The working capital needed at one point of time may not be good enough for some other situation. The determination of working capital requirement is a continuous process and must be undertaken on a regular basis in the light of
Premium Supply chain management terms Business cycle Inventory
MARKETING ENVIRONMENTAL FACTORS AND AN ILLUSTRATIVE SAMPLE FOR THEIR IMPACTS THAT BASED ON THE UK FRAGRANCES INDUSTRY Submitted by: Maxie Submission date: 27th Oct 2013 Lecturer: Hilary Wason Word count: 888 words ABSTRACT Marketing is an indispensable factor for deciding the success of a business. Nonetheless‚ creating an effective marketing strategy as well as a proper marketing decision has been influenced by many factors and the greatest impacts are from the macro-environmental factors
Premium Marketing Marketing plan
Voting Behavior Long term factors that may influence voting behavior over a long period of time include: Social class Gender Age Religion Ethnicity Social Class “Class is the basis of British party politics: all else is embellishment and detail” (Pulzer) Social class is one of the fundamental divisions that define post war British electoral politics. Some would suggest that the social class of a person might explain their voting behavior. Social groups will vote for political
Premium Social class Conservative Party Middle class
Environmental Factors Antonio Presley University of Phoenix August 31‚ 2009 Abstract Every organization has rules‚ regulations‚ and guidelines that help govern the conduct of the employees‚ global and domestic marketing decisions‚ and environmental factors. PepsiCo‚ success can be affected by an internal or external environment analysis. An internal or external environment analysis is an analysis of the target market for a company’s goods or services that can provide understanding of environmental
Free Environment Environmentalism Ecology
Running Head: Week Five Individual‚ Environmental Factors Paper MKT/421 Larry Zeidler Week Five Individual‚ Environmental Factors Paper Both domestic and global environmental factors impact AAFES marketing decisions. AAFES targets the military communities both near and abroad. Social‚ demographic‚ political and social factors impact the marketing techniques of AAFES. Domestically AAFES has services in 49 states. Since AAFES targets the military community‚ AAFES has to create a need for those
Premium Marketing Ethics Environment