External/Internal Factors When analyzing a company it is important to understand what the internal and external factors of the company are and how those factors are affecting the four functions of management. The four functions of management are planning‚ organizing‚ leading‚ and controlling. Internal factors affect what happens within the company and external factors are the outside environment that affects the company. Through strategic planning the company can build on its strengths
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organization Type of roles Role dimensions Internal differentials Company size Leadership/ management Pay budget Ability to pay Salary trends‚ eg bonuses Reward Policies and Motivation Factors affecting levels of pay Economic theories and concepts on the factors that affect pay levels: Significance of the factors affecting pay levels The labour theory of value Karl Marx wrote that the value of goods and services is determined by the amount of labour that goes into them. Therefore the content of
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Demographic Factors In the early days of consumer electronics‚ computers and telecommunication developed as separate‚ distinct industries. Digitization changed the rules of the game‚ demolishing walls‚ blurring the distinction between once separate industries and building a $ 300 billion industry. Changes are driven by wide spread internet usage‚ “on the go” life styles‚ cutting edge innovation and digital convergence. This multibillion Industry is run by key players such as Apple‚ Sony‚ Dell
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geographic factors that effect regions across the world. A few of the most noticeable are monsoons and deserts. Over time these factors have altered the relationships between certain regions and benefitted our development in society. However‚ they can be extremely demoralizing as well. Not only is nature disrupted but the way in which people live on a daily basis. We are forced to make changes and adapt to the overwhelming geographic factors. Monsoons are one uncontrollable geographic factor that
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A.Tenebrosa has a few abiotic factors that make them adapt to their situation and influence where they live and their distribution. Desiccation is the most important abiotic factor to consider because if they dry out and lose water they can die. Because A.Tenebrosa do not have a hard shell they find it much harder to store water‚ so they adapt themselves in a different way. Instead of storing water in their shell‚ the A.Tenebrosa fold their tentacles inside of their mouth and swallows the water to
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How do the contextual factors of Othello shape your understanding of the play? Shakespeare’s Othello encompasses a wide variety of contextual factors which shape my understanding of the play. These contextual factors include historical‚ cultural‚ political and social factors. Othello is believed to have been written between late 1603 and early1604 during the period of time known as the “Elizabethan” Period (1580-1625) in which‚ the great works of the age were produced; it was also during this
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Shames‚ "The More Factor” In “The More Factor” Laurence Shames‚ attempts to make a connection between the perceived attitude of most Americans that “More is better” and “frontierism” in American history. He describes the “More Factor” as the acquisition of things such as more land and more money. He compares this attitude of acquisition to European countries that have an opposite view of the meaning of what a frontier is. He expresses his feelings that the American attitude of growth and expansion
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trying to explain is that the underlying problem is social factors. Social factors include‚ race‚ gender‚ ethnicity and etc. They are things that one cannot control. The fundamental cause is a way for people to get the help they need in order to avoid getting sick or being in debt. As a whole the authors try to implicate the idea that fundamental causes are necessary because it’s what connects us to what we need but‚ because we have social factors that can either be a negative or positive thing for one
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The four factors of production consist of natural resources‚ capital‚ human resources‚ and entrepreneurship. These factors are constantly evolving with the era business. A successful business uses the four factors in its own personal way. I feel that certain eras‚ depending on its main need‚ required a focus in a certain factor of production. I feel that the common theme for requiring evolution in the factors of production is an increase in the demand of technology. As businesses grow‚ the demand
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What are the Key success factors of Zara? “The ability to respond to customer requirements on a timely basis has always been a fundamental element of the marketing concept.” Martin Christopher et.al. Hence‚ it is important being proactive in a market such as the fast-fashion industry which Zara is operating in‚ time is always a crucial factor. The fast-fashion market‚ amongst other things‚ is characterized by short lifecycles‚ high volatility‚ low predictability‚ and high-impulse purchases. Therefore
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