The External Environment affects the internal operations of all businesses. What’s happening in the world of politics‚ economics‚ socially and technologically impacts how a business has to act in order to survive. External elements that affect the inner working of a business are known as PEST factors. ‘PEST’ is an acronym for Political‚ Economic‚ Social and Technological. Politics may affect the ability of a business to achieve its aims and objectives and changes in laws may mean a company has
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”Our connections are impacted by internal and external factors.” A connection is an avenue of interaction that establishes and develops a relationship between people‚ places‚ and culture. Connections as social constructs may be positive or negative‚ impacted by internal beliefs‚ values and ideas that underlie the external determinants of environment‚ attitudes and culture within society. Poet Les Murray and educator Jane Elliott critically explore in their texts the cultural disconnection in the
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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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What is internal control and why is it important The American Institute of Accountants first defined the term internal control in 1949‚ followed by further clarifications in 1958 and 1972. In 1977 publicly held companies came under legislation to adequately implement controls to protect their financial information. A report by the Committee of Sponsoring Organizations in 1992 and the Sarbanes-Oxley Act of 2002 are more recent documents defining internal controls.( Bishop‚ 1991‚p.117-123; Colbert
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Describe sources of internal and external finance for a selected business For a business to run successfully on a daily basis it needs finances. Success comes when a business expands‚ reinvests and uses human recourses to run. Bentalls need money to run their business effectively and successfully. It needs finance for its daily running of the business for example‚ paying staff wages‚ paying bills for electricity and rent‚ paying taxes on time and ordering stock regularly. For a long term goal‚ Bentalls
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External Validity In dealing with the statement‚ “It is not possible to know whether a research finding will generalize to all populations of individuals.” behavioral scientists would like to use every possible variation of an independent variable‚ however‚ in most cases‚ it is not feasible. The cost and time would become too extravagant; (www.experiment-resources.com) therefore a group would be chosen to reflect the whole population. For example‚ if a researcher were conducting a
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Fundamentals of Internal Auditing September 5-7‚ 2007 A Three-Day Tutorial Philadelphia‚ PA on Internal Auditing September 19-21‚ 2007 Las Vegas‚ NV Basics October 15-17‚ 2007 Houston‚ TX • Get a well-grounded foundation in the concepts of traditional and operational auditing November 5-7‚ 2007 San Francisco‚ CA November 12-14‚ 2007 • Gain proven tools and techniques for performing value-added audits in the era of Sarbanes-Oxley and PCAOB Boston‚ MA December
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Problem: not working properly acquisition. "is it a problem of Gillette or Duracell?" no real growth no clear strategic direction " the company had gone nowhere for 4 years" External analysis Battery industry/alkaline battery industry Technological segment: new development General environment Global segment: potential market for emerging market‚ sony and panasonic go into US Entry barrier‚ paten is very important‚ we just have 3 players in American market suppliers: who are they
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advantages and disadvantages to the female of external versus internal fertilization. In comparing‚ external fertilization occurs when the release of both sperms and eggs into an external environment‚ the sperm will then fertilize the egg outside of the organism for example in spawning. Internal fertilization‚ on the other hand‚ occurs when the egg is within the female‚ and a male mounts the female and releases sperms into her. The advantages of internal fertilization are that it protects the fertilized
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THE WAY WE PERCEIVE THE WORLD IS SHAPED BY INTERNAL RATHER THAN EXTERNAL FACTORS Acclaimed playwright Tennesse Williams was a sickly child. As a result‚ he was heavily dotted upon by his mother. He was inherently sensitive‚ desiring to “shrink away in his own private oasis of poetry and writing”. This behaviour was a desperate attempt to escape the domestic conflict between his puritanical mother and bombastic father. His father‚ disapproving of his literary endeavours‚ labelled him a sissy instigated
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