A SMALL STEP TOWARDS CONSERVING ELECTRICITY In response to the task given to me‚ regarding fans and lights being left unshut when not in use and a small survey to analyse student mentality and behaviour‚ I had taken the following steps Informed people in my hostel to gather in the common room for 5 minutes after dinner (on Sunday‚ 24-08-2104). Met people who did not turn up to meet in person Contacted some of them through WhatsApp I stay in SR14 hostel‚ it has 120 rooms (approx. 120 students
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TO THE BUSINESS ENVIRONMENT Lesson Objectives: The factors that impact on business The internal and external business environment LESSON 1: The Factors That Impact on Business According to Brooks and Weatherston (2000) business environment is a general concept which embraces the totality of external environmental forces which may influence any aspect of organizational activity. BUSINESS ENVIRONMENT Macro Environment Micro Environment Internal Environment Financiers Suppliers
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Environment scanning attempts to provide management with accurate forecasts of trends that relate to external changes in geographic areas where the firm is currently doing business or considering setting up operations. These changes relate to environmental factors that can affect the company and include the industry or market‚ technology‚ regulatory‚ economic‚ social‚ and political aspects. In this case‚ a Canadian manufacturing firm wants to do business in Poland and do the environment scanning
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STRATEGIC MANAGEMENT CHAPTER 2: The General Environment The external environment facing the organization consists of both: a. A general environment‚ often referred to as the macro-environment because changes that occur here will have an effect that transcends firms and specific industries. b. A competitive environment‚ consists of the industry and markets in which an organization competes. In order to scan and monitor their environment‚ firms require tools of analysis that will allow
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Macro and micro environments both fall into the categories of environmental scanning. The general scope of environmental scanning is that it is a component of global environmental analysis. While analyses are typically carried out on the macro environment‚ the micro environment still has an important role to play. In summary‚ the macro environment is involved with the industries‚ companies‚ markets‚ clients and competitors‚ while the micro environment can be represented by the suppliers‚ competitors
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Marketing Environment Marketing environment defined as ‘those condition and influences impingeing or potentially impingeing on marketing’ or anything that has an impact on what marketers do. Why pay attention? The world is changing constantly‚ if marketers don’t understand changes‚ they may be threatened. By consistently monitoring the environment‚ marketers can plan effectively and plan. There organisation ready to face change. Other definition; Actors and forces outside of marketing that
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business environment and adversely affect the goals of business enterprise. There are three kind of political risk in the case “Chavez’s Venezuela”‚ macro-political risk‚ micro-political risk and legal risk. After populist socialist president‚ Hugo Chavez took the office of Venezuela‚ he took many actions to control the country and enhance his own power towards the whole country which made the macro-political risk occurred. Macro-political risk is the changes to the general societal environment will
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[pic] |UNIT |Unit 4 – Business Environment |Course |HNC-Business | |Author |VERIFIER |Mr. | |HAND OUT DATE | |SUBMISSION DATE | | |STUDENT | |TERM
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analyse its micro environment and macro environment. Microenvironment consists of the organisation’s various departments‚ competitors‚ customers‚ marketing intermediaries and publics. The microenvironment represents the strengths and weaknesses of the organisation. The organisation has partial control over the factors of its microenvironment. The macro environment consists of the factors such as demographic‚ economic‚ natural‚ technological‚ political and cultural environments of the market place
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Macro-environment factor In reflecting the macro environment‚ the economic environment is one of the identified elements that affect the microenvironment of hybrid cars. For the past years‚ prices of petroleum in Malaysia have risen due to inflation (thestar‚ 2014). Oil scarcity is one of the main external aspects that affect the rise in oil prices. High petrol prices have reduced the consumer purchasing power and spending pattern for gasoline cars since it’s more fuel consuming compared to
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