2 The external environment: Opportunities‚ threats‚ industry competition and competitor analysis Knowledge objectives 1 Explain the importance of analysing and understanding the firm’s external environment 2 Define and describe the general environment and the industry environment 3 Discuss the four activities of the external environmental analysis process 4 Name and describe the general environment’s six segments Knowledge objectives 5 Identify the five competitive forces and
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1.16 ECONOMIC ENVIRONMENT The economic environment constitutes to economic conditions‚ economic polices‚ and the economic system that is important to external factors of business. The economic conditions of the country include: • Nature of the economy of the country. • The general economic situation in the region‚ conditions in resource markets like money‚ material‚ market raw material components‚ services‚ supply markets and so on which influence the supply of inputs to the organisation‚
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The External Factor Political‚ Governmental & Legal Forces Government spending and taxation policies Hong Kong is a free port of less tax and low tax rate. The tax must to pay for enterprise only pay the profit tax every year. The normal rate of Profits Tax is 16.5% for corporations and 15% for unincorporated businesses. More companies have been attracted to invest in Hong Kong. Hong Kong does not impose value-added tax (VAT)‚ goods and services tax (GST) or sales tax. The price of products
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Five Environmental Forces in Hong Kong Affecting Dove’s Marketing Strategies In 2001‚ Dove introduced its hair care products to Hong Kong’s market1. According to The Marketing Information Company‚ ACNielsen’s retailing survey report‚ Dove was ranked number one in the sale volume of personal care product including shampoo‚ body wash‚ soap and face care products from 2001 to 2003 in Hong Kong.2 This survey report proves that Dove has adopted successful marketing strategies in the Hong Kong personal
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Chapter 4 The External Environment The Environmental Domain Organization Environment is composed of all elements that exist outside the boundary of the organization that have the potential to affect all or part of the organization. Its domain is the chosen field of action. The environment comprises several sectors or subdivisions of the environment that contain similar elements (ie. industry‚ raw materials‚ human resources‚ market‚ technology‚ financial resources‚ economic conditions‚ government
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National Geography‚ that since 1979 sea ice cover has declined by about 30 percent in the Arctic. As the greenhouse effect continuing to warm the Earth‚ polar bears forced to stay in the land for longer periods. Staying in ashore for a long period affecting the life of polar bear‚ not only struggle to adapting but also they may losses weight 60 pounds lighter than the amount average weight (National Geography‚ 2013). Polar bear life is totally depending on the ice sea. May be some people are wondering
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Explain the possible reasons for a change in the size of a country’s labour force The labour force of a country is defined as the total number of workers who are available to work. Therefore it refers to all males and females‚ normally 15-16 years and over‚ who can contributed to the production of goods and services. As well as those actually in employment‚ it also includes those who are unemployed as these people are available for work. A change in the labour force would normally be a slow process
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Angelina O. Bagang BSBA HRDM 3-1N Chapter 3: EXTERNAL ASSESSMENT An External Audit focuses on identifying and evaluating trends and events beyond the control of a single firm‚ such as increased foreign competition‚ population shifts‚ an aging society‚ information technology‚ and the computer revolution. An external audit reveals key opportunities and threats confronting an organization so that managers can formulate strategies to take advantage of the opportunities and avoid or reduce the impact
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The Infidelity of Regulatory Oversight Affecting the Health Care System by Mary K. Stamberger Basic Issues in Community Based Health Care Delivery HC 465DL Julia A Buttelmann November 29‚ 2012 Abstract There is a national tsunami of panic over an unlikely operative in the form of a mold named Exophiala dermatitidis which has infected 430 people‚ and contributed to the death of 32 patients. The black
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part of this report. Business strategies are made considering the interest of stakeholders‚ company’s mission and value statement and values of the organizations. Capabilities for an organization are their resources‚ staff‚ economy of working and systems available for an organization to work in. This section is also discussed in details in this report. Also‚ to make effective strategies companies need to generate and gather information‚ analyze that information‚ process and implement those chosen
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