Chapter 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
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ACD/3/001 |1.Objective / Goal |Focus will be on concepts‚ models‚ tools‚ and skills that are essential for strategic management. | | |A key objective of the course is to provide a setting that facilitates the development and refinement of the | | |knowledge and skills that are necessary for managers in today’s fast moving‚ unpredictable‚ and highly competitive| | |business
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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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1 to 10 of 58 results for Define External Factors Evaluation Efe Matrix Define External Factors Evaluation Efe Matrix 1. What is a Decision Matrix Description: Decision matrix: a decision-support tool allowing decision makers to solve their problem by evaluating‚ rating‚ and comparing different alternatives on multiple criteria Abstract: What is a Decision Matrix?. Also known as: decision-making matrix‚ solutions prioritization matrix‚ cost/benefit analysis matrix‚ problem/solution matrix
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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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member of its external audit team a company could gain insight into the auditor’s process and better devise methods of hiding fraud. b) Hiring a former auditor would greatly compromise and possibly impair the existing external auditor’s ability to remain independent. On top of having knowledge about the auditor’s practice‚ preexisting relationships could cause bias in the audit outcome. c) Sarbanes-Oxley Act 2002 limits the ability of corporations to hire employees of their external audit firms. Sox
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Stakeholder For other uses‚ see Stakeholder. Internal and external stakeholders of a company A corporate stakeholder is a party that can affect or be affected by the actions of the business as a whole. The stakeholder concept was first used in a 1963 internal memorandum at the Stanford Research institute. It defined stakeholders as "those groups without whose support the organization would cease to exist."[1] The theory was later developed and championed by R. Edward Freeman in the 1980s
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verifications due to the high volume of sales ClariCall’s Revenue Account shows. Confirmation procedures for receivables are important audit tests that lead to sales verification. I would agree with requesting for external confirmations first. In doing so the customer would verify the validity of the company’s claims. Having actual proof in hand is better than taking the company’s word at full value. This means the first step in the revenue verification process is to confirm accounts receivables totals
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How to assess the validity of online information Executive summary Starting with an answer on question “Why to evaluate?” this document explains techniques and methods of evaluation of online information through two similar approaches. It does not compare and it does not suggest better way of evaluation either. However‚ it raises the importance of evaluation but it is up to the reader himself/herself what will do with information covered here.
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Running Head: Job Analysis Validity of a Job Analysis Process Keller Graduate School of Management A job analysis is a scientific method to collect information about work activities‚ task‚ responsibilities‚ equipment that are all important to a job. It is a process that identifies exactly what the job involves and the duties that are requirements of the job. The importance of job analysis has been discussed in the subject of psychology‚ which indicates
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