INTRODUCTION 1 I. ENVIRONMENTAL FACTORS AFFECTING INDUSTRY 1 I.1. PESTEL ANALYSIS 1 I.2. FIVE FORCES MODEL 3 II. IMPLICATIONS OF CHANGING BUSINESS ENVIRONMENT 4 III. USE AND LIMITATIONS OF TOOLS APPLIED 5 III.1. USE AND LIMITATIONS OF PESTEL 5 III.2. USE AND LIMITATIONS OF FIVE FORCES MODEL 6 SUMMARY 6 APPENDIX 1 8 APPENDIX 2 9 REFERENCES 10 INTRODUCTION The origin of the modern pharmaceutical
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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
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Internal and External Recruitment The recruitment is not just about hiring new employees to the organization. Human Resources is also partially responsible for the motivation and career development of employees and the internal recruitment is one of the best tools for employees‚ who want to build their own career path in the organization. The recruitment process should not distinguish among job candidates generally. But in the reality‚ the organization has to set the rules for the internal recruitment
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Strategic Audit Project Part II: External and Internal Analysis Paper Medtronic Inc. can easily be compared to le Concorde‚ a turbojet supersonic passenger airliner first flown in 1976. This jet was more than twice as fast as any other airliner ever created‚ flying at speeds of up to 1‚350 mph. The capability to fly at more than twice the speed of a regular airliner equates to twice the flights and premium prices for this astonishing service. The resulting profitability of le Concorde is what
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Internal and External Sources of Finance I will explain the different sources of finance‚ some of which are internal and external to the Loxford Business unit. I will state the advantages and disadvantages of each of the sources of finance. Loxford Business Unit use both internal and external sources to get money in order to run the Business Unit successfully. Source of Finance Definition Internal or external Advantages Disadvantages Applicable to the Loxford Business Unit Retained Profits
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product offerings. Internal Analysis: Two internal strengths have been identified as key to Pfizer success; strong marketing and sales infrastructure and a massive war chest funded through successful product sales. In terms of marketing and sales infrastructure‚ Pfizer is able to reach into both domestic and international markets and penetrate future markets with Pfizer products‚ allowing them to continue to push their products into the market and build consumer relationships for future products. In addition
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Apple Computer Strategic Analysis Nicholas Acosta and Tiffany Zempel BUSI4763-01 Strategic Management Dr. Scott Ray April 20‚ 2010 Table of Contents CURRENT PERFORMANCE …………………………………..…………………………… 4 KEY ISSUE IDENTIFICATION……………….…………………………………………….. 6 ANALYSIS OF MISSION AND OBJECTIVES…………………………………………….. 7 CORPORATE LEVEL STRATEGIES………...………………………………………..….... 8 BUSINESS LEVEL STRATEGIES…………….………………………………………..….. 11 POLICIES………………………………………
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Museum stakeholders are a group of people that share a special interest in the museum. There are internal stakeholders and external stakeholders. The main stakeholders of the museum might include the state’s central and local government or governmental agencies‚ the local communities‚ financial contributors or members‚ corporate sponsors‚ friends‚ schools and universities‚ and various individuals to include paid employees‚ volunteers‚ trustees‚ and donors. Having stakeholders is considered a best
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Environmental Factors of Marketing This paper will discuss the five environmental factors that influence global and domestic marketing decisions that organizations must make. These five environmental factors are technology‚ demographics‚ government‚ culture and economics. Companies are affected differently by these factors depending on the industry they are in and the size of the organization. I will be using the Washington Plaza Hotel to illustrate how these environmental factors affect the
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competitors and each should plan for the future. Each and every organization faces opportunities and threats and has some internal strengths and weaknesses. All these make it possible for the individuals and organizations to use and apply many strategic management concepts and tools. You are required to select any firm operating in Pakistan from Telecom sector and visit that firm (if possible). After a thorough analysis of that firm‚ use the following strategic management concepts and tools to critically
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