environment can classifies in two categories that are internal environment and external environment. Internal factors close to the company that have a direct impact on the organizations strategy‚ these factors include employee‚ customer‚ suppliers‚ shareholder‚ banker etc. External environment comprises those factors and trends outside the organization that might have an influence upon an organization and its future. Many external factors can have an effect upon an organization - from changes in government
Premium Strategic management Competition SWOT analysis
REGULATORY CAPTURE THEORY Capture theory assumes‚ firstly‚ that all members of society are economically rational. Therefore‚ each individual will pursue his or her self-interest to the point where the private marginal benefit from lobbying regulators just equals the private marginal cost. Regulation has the potential to redistribute the wealth. Therefore‚ people lobby for regulations that increase their wealth. Second‚ the capture view assumes‚ as with public-interest theory‚ that the government
Premium Regulation Administrative law
behaviors‚ and it is optional to be performed because they are close with sensitive‚ private and confidential documents (IFAC‚ 2009) [online]. It increases the credibility‚ accountability and stewardship of directors by requiring internal and‚ or external auditors (EAs) to ensure that the principles are not been violated. Besides‚ it leading the EAs to contribute their independent opinion as well as providing reasonable assurance thereafter will expresses that the financial statements are immaterial
Premium Business ethics Audit Auditing
Regulatory Agency Paper The government agency selected for this article is The Federal Bureau of Prisons also known as (BOP). The federal bureau of prisons role include confining federal offenders in prisons who are humane‚ safe‚ cost-efficient‚ and secure. The Bureau is responsible for helping inmates reduce future criminal activity by encouraging them to join a range of programs that are proven to reduce recidivism. The Federal Bureau of prisons employees assists inmates with programs
Premium Health care Medicine Medical history
The importance of ICT Information and communication technology in primary and secondary schools‚ 2005/2008 This report is based on evidence from inspections of information and communication technology (ICT) between September 2005 and July 2008 in 177 maintained schools in England‚ as well as other visits to schools where good practice was identified. Part A describes the quality of ICT education in primary and secondary schools over this period. Part B considers how tackling assessment‚ vocational
Premium Primary education Primary school Education
Define regulatory arbitrage. Briefly discuss the new capital buffer requirements proposed under Basel 3. Regulatory Arbitrage This is a practice whereby firms capitalize on loopholes in regulatory systems in order to circumvent unfavourable/unprofitable regulation. Arbitrage opportunities may be accomplished by a variety of tactics‚ including restructuring transactions‚ financial engineering and geographic relocation. For example‚ a company may relocate its headquarters to a country with lower tax rules and favourable regulatory policies to
Premium
External analysis How can a smartphone company use external analysis to gain competitive advantage? 1. Apply 5 forces model for the smartphone industry According to Hill and Jones‚ the five forces model serves the purpose to identify opportunities and threats in the external business environment‚ by analysing “competitive forces” (Hill & Jones‚ 2012‚ p. 42). Once created by Michel E. Porter this particular framework functioned as a useful tool for managers to approach the external analysis
Premium Management Smartphone Strategic management
WTE 365 EXTERNAL MARKETING ENVIRONMENT NAME: MUFIDA BINTI MAHDZIR CLASS: AS 117 5A NO MATRIC: 2012649196 LECTURER’S NAME: MISS IZAIDA BT. IBRAHIM CONTENTS title pages introduction 1 Social factor 2 Demographic trend 3 Economic condition 3-4 Technology changes 4 Political and legal 4 competition 5 conclusion 6 references 7 INTRODUCTION The marketing environment represents a mix between the internal and external forces which surround an organization
Premium Marketing
| Identify the key actors and forces in the company’s marketing environment that affect its ability to serve its target customers effectively.The marketing environment can be defined as everything that surrounds an organization’s environment and can affect its operation.The business environment consists of the actors and forces that affect an organization’s ability to develop and maintain business with its targeted customers. These are the Micro Environment‚ the Macro environment and the internal
Premium Marketing
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
Premium Stakeholder Stakeholder theory R. Edward Freeman