BP By: Anna DeHart About BP “BP is one of the worlds leading international oil and gas companies‚ providing its customers with fuel for transportation ‚ energy for heat and light‚ retail services and petrochemical products for everyday items” In 1908 oil was found in a rugged part of Persia after a long search. Things we do are: • Find oil and natural gas • Extract it from hard to reach places • Move it to sea or land • Make what is needed from it • Generate low carbon power • Build construction
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Information is retained from two sources: external and internal. External sources are our perceptual processes such as sight‚ hearing‚ or becoming aware of something through the senses‚ whereas internal sources are involved with processes such as reasoning‚ imagination‚ and thought. When it comes to analyzing the processes people use to determine whether information initially originated from an external or an internal source this is referred to as reality monitoring. Reality monitoring is accredited
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0Lecture 3: Marketing Environment Scanning of the Marketing Environment – Opportunities or threats? Environmental Forces—Firms must monitor six major forces in the broad environment: Demographic Political-Legal Economic Technological Socio-Cultural Natural 1. Demographic Environment The main demographic force that marketers monitor is population because people make up markets. Marketers are keenly interested in the: Size and growth rate of populations in cities‚ regions‚ and nations. Age distribution
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Internal communication 3 External communication 6 Conclusion 10 Recommendation 11 Internal communication 11 External communication 12 Executive Summary BP oil spill in April 2010‚ had incurred serious damage to both the company and publics. Though some internal and external communication strategies were carried out after the accident‚ more improvements should be made by BP to maintain the safety and reputation. The internal strategies used by BP‚ employing appropriate communication
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Best Buy is a part of a very competitive and popular industry. Best Buy could be placed into many different industries such as entertainment‚ electronics‚ appliances‚ etc. The industry sector of Best Buy’s external environment is made up of several different factors such as competitors‚ competitiveness‚ industry size‚ and other related industries. The factor in the industry sector that has the biggest impact on a business would most likely be the competitors. Although Best Buy may not have direct
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Apple was the most successful initial public offering after Ford Motor Company in 1980. Apple also was the fast company that hit the Fortune 500 in the history. However‚ Apple nearly goes into bankruptcy by the middle of 1990s due to the fierce external competition from the IBM and the Microsoft and the internal rapidly growth. In order to stay afloat‚ apple focused on innovated their personal industry line. This helps Apple became successful ever after. Nowadays‚ the Apple Company involved
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The external environment’s effect on management and strategy A complexity theory approach Roger B. Mason Durban University of Technology‚ Kwa Zulu-Natal‚ South Africa‚ and Honorary Research Fellow‚ University of Wolverhampton‚ Wolverhampton‚ UK Abstract Purpose – This paper seeks to investigate the influence of the external environment on the choice of strategic management activities‚ from a chaos and complexity perspective‚ since a business environment is a complex adaptive system. Design/methodology/approach
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THE GENERAL EXTERNAL ENVIRONMENT - Laka Muralidharan General external environment is composed of dimensions in the broader society that influence an industry and the firms within it. These dimensions can be can be grouped into the following six environmental segments: demographic‚ economic‚ political/legal‚ sociocultural‚ technological and global segments. 1) Demographic segment China and India account for 1/3rd of the population and experts believe that they will remain the top two populous
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was established to serve the finacial need of people in the period of be settled by European. Nowadays‚ New Zealand is one of the most competitive and flexible banking industries in the world because of environment and banks’ strategic capabilities. In this assigment‚ the broad macro-environment that influences banking industry will be analysed through PESTEL framework and Porter’s five forces. There are large banks in New Zealand such as ANZ bank‚ BNZ bank‚ and Kiwibank; however‚ just Kiwibank are
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External Planning factors are factors that can affect the business from outside the business‚ therefore this cannot be controlled by the business. This could include the type of employees that M&S may have working for them. It may also involve the amount of money that is needed in order to pay their wages. External Planning factors that may affect Marks and Spencer are Government Policy‚ Labour Market Competition‚ Changing Nature of Work and Employee Expectations. Supply of Labour: Marks and Spencer
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