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 to
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2013 The Independence of Ghana United were the people of what would soon be known as Ghana‚ who fought for the same single goal: independence from Great Britain. February of 1948 marked the official movement for Ghanaian independence. Led by Kwame Nkrumah‚ founder of the Convention People’s Party‚ strikes and nonviolent protests were implemented to accomplish Ghanaian independence. Many Ghanaians sought a less oppressive life with an abundance of opportunities that which they thought would become
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* The External Analysis examines opportunities and threats that exist in the environment. It shows to management the opportunities to favorable conditions in the environment that could produce rewards for the organization if acted properly. * An organization provides a means of using individual strengths within a group to achieve more than can be accomplished by the aggregate efforts of group members working individually. An organization relates to external analysis because it needs it
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developed the concept of client-centered psychotherapy. He was a brilliant and remarkable person who uses a scientific method of integrating client-centered into psychotherapy. His client-centered approached was to treat the client with respect‚ have unconditional acceptance and empathic understanding. Also‚ his theory was to restore people to full function along with maintaining and enhancing themselves. However‚ it is extraordinary how a therapist can listen to the client without utterance and still
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1. Determine at least three (3) different internal and external stakeholders that Dr. Doright might have to deal with on a daily basis at the hospital. Discuss the duty of loyalty owed to each internal and external stakeholder. (1) Shareholders: Shareholders have the right to attempt to influence the actions of management. They can do this by putting nonbinding proposals forward-called resolution-to be voted upon at annual shareholder meetings. In advance of each annual meeting‚ shareholders are
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Death of the Hired Man is a story of a strong commanding husband and a compassionate loving wife who quarrel over a servant who has done nothing but harm to them. The husband is Warren; he is God like‚ the Father who judges and commands. Mary; goddess like‚ the Mother who is compassionate and loves everyone and everything. Both argue and quarrel over if the Servant‚ Silas will stay at the farm with them or not. Mary says Silas has “come home to die: you needn’t be afraid he’ll leave you this time‚” (pg
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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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In writing the Crime novel ‘The Client’‚ John Grisham has quite effectively intertwined the plot‚ characters‚ themes and issues to create a dramatic and suspenseful story. To do this he creates strong interesting characters along with an in depth storyline to lure the reader in. John Grisham raises important themes and issues in all his novels‚ this story raises such issues as suicide and corruption. In ‘The Client’ we are faced with rather rough but also innocent young
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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. Since then it has gained wide acceptance
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operation of an organization. Environment is discussed more in detail in later 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
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