SUMMARY Organizations have to face more and more complex and rapidly changing external and internal environmental factors nowadays. The Fourth Industrial Revolution is a potential source of innovation today‚ because it implements a number of technical innovations‚ which can not only affect our everyday lives‚ transportation and environment‚ but it can also change manufacturing processes‚ educational systems and market structures. The changing attitude and the new generation being brought up by the
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Impact of External and Internal Factors on the Four Functions of Management External and internal factors such as globalization‚ technology‚ innovation‚ diversity and ethics can greatly impact the four functions of management. Functions such as planning‚ organizing‚ leading‚ and controlling can be influenced by these different internal and external factors since organizations need to ensure that they are addressed properly for business success. In addition‚ knowing the external and internal factors
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How Internal And External Factors Effect The Levels Of Management For a company to be successful in the long term today‚ they must be diverse. The company needs to be able to adapt to changes. The need for these changes can present themselves from many angles. Some would include changes in the economy‚ marketing‚ or even a change in the target audience. A company has to look at more than just the four levels of management. Organizations must look at how internal and external factors can affect
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organization especially in the aspect of protecting the environment and the way of caring for the future generations. Weaknesses: - Stores are not accessible - Do not have an effective advertisement approach - Lack of presentable and appealing doughnuts - Food portions are not reasonable to its price Opportunities: -Availability of franchises. - Internet potential for selling products to other markets. - A strong distributor network. - Mister Donut provide very competitive levels of compensation
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Company Background Krispy Kreme Doughnuts‚ Inc. is the parent company of the Kripsy Kreme Doughnuts chain stores. It was established in 1937 and the company is based in Winston-Salem‚ North Carolina‚ United States. The founder of the company‚ Vernon Carver Rudolph began his career with a small retailer business. He started his business by renting spaces for only manufacturing purposes and then sends the donuts to groceries to be sold. He then bought the doughnut shop in Paducah‚ Kentucky‚ from
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Walgreens in one of the largest drugstore chains in the United States. Walgreens has always maintained a simple strategy. Although the strategy changed over the years to mention newer innovations‚ the basic principles of the strategy have remained similar. It has become more than just your ordinary pharmacy it invest heavily in high tech store and distribution systems which drive service up and costs down‚ and offer an on-line drugstore web site totally integrated with other retail stores. Walgreens
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BUS 488- STRATEGY PORSCHE NG KEE YANG ANDREW B1114179 1. Strategic Profiles and Case Analysis Purpose Porsche’s mission‚ vision and its reputation are clouded after the take over of VW group. VW group oversaw the take over of other famous brands like‚ Bentley‚ Buggati and Lamborghini. Under the new leadership and direction from the top brass‚ the first move was to restructure Porsche. The restructuring saw Porsche’s top executives sent to other car brands in VW group to share expertise
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Internal factors- are the internal qualities and shortcomings that a company exhibits‚ and they can clearly influence the performance of the business in how well it meets its goals and objectives‚ and they can be seen as merits in the event that they favourably affect the business‚ however they can be seen as shortcomings in the chance that they have a harmful impact at the business. External factors- have an impact to the company‚ and there is a variety of external factors that can have a positive
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industrial sectors. Four pillars belong to World Class Supply Chain Management: * World Class Supply Chain * Lean Flow * Distribution Network & Transport * Suppliers Integration. This methodology is based on three key factors: * KPI focus and selection of specific improvement methods according to performance gaps vs. company vision (Service‚ Cash‚ Cost) * Optimisation of the Supply Chain flows and processes to achieve the maximum of its potential * Continuous
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EXTERNAL ENVIRONMENTAL FACTORS There are 7 external environmental factors. They are political‚ economic‚ sociocultural‚ technology‚ customers‚ competitors and suppliers. Each of these factors have a great impact to an organization. They offer both opportunities and treats to organization. POLITICAL factors refer to the relationship between a business and a government. Every organization must spend a great time and money to meet with governmental regulation. ECONOMIC factors refer to the conditions
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