have become generic to strategy formation and are widely applied. For the internal environment there are; the BCG Matrix‚ Value Chain and the Strengths and Weaknesses section of SWOT analysis. For the External Environment there is PEST‚ Porter’s 5 Forces and the Opportunities and Threats section of SWOT analysis. Whilst these provide a useful and readily comparable framework‚ each of the models makes assumptions about the nature of the environment and the nature of the interdependency of the factors
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PEST ANALYSIS What is PEST Analysis? A PEST analysis is used to identify the external forces affecting an organization .This is a simple analysis of an organization’s Political‚ Economical‚ Social and Technological environment. A PEST analysis incorporating legal and environmental factors is called a PESTLE analysis. It is very important that an organization considers its environment before beginning the marketing process. In fact‚ environmental analysis should be continuous and feed
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Using PESTEL Analysis in Strategic Planning For Non-Profits PESTEL is a method of analysing the impact a variety of factors may have on potential profitability of an organisation or industry. A macro environmental analysis technique‚ PESTEL analyses the impact that political‚ economic‚ socio-cultural‚ technological‚ environmental and legal factors may have on an industry’s profitability potential (Johnson‚ Scholes & Whittington‚ 2005). Within each major PESTEL heading‚ there are a variety of sub-factors
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Second Welfare Theorem states that any market that is Pareto efficient will have a set of given prices that creates competitive equilibrium in the economy. Economists may use this concept for game theory in particular. There are‚ however‚ many limitations. There is still some lack of clarity as to where the consumers end up in the end because it only takes into account the preferences of specified consumers and does not pay attention to consumers not included. For Pareto efficiency to prevail‚ an
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the external environment (part 1) What’s going on out there now and in the future? Environmental influences in the broadest sense Macro/general environment: PESTEL Environmental influences related to the dynamics of the industry under question Competitive environment: Porter’s Five Forces (Porter‚ 1980) Example PESTEL The automobile industry Political – Climate change agenda – Fuel prices – Expansion of EU Economic – – – – Changes in disposable income Exchange rates
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Assess the strengths and limitations of using overt participant observation as a means of investigating police attitudes. (15 marks) Overt participant observation involves the researcher being open with the group they are going to study. This means they are able to over-see the experiment that is taking place whilst being involved in it. A positive of using this method when researching police attitudes is that as the researcher will be involved in the experiment; they will gain first-hand experience
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A questionnaire is a method of collecting data by way of basically filling out a form. These are useful for lots of data and can be used by everyone. The national census is a thing where by the whole country fill out this form and so the government can work out statistics of the country. As a positivist I would prefer a questionnaire to interviews for example. The advantages of a questionnaire are: It can be tailored to the researchers queries as he would write it. It can also be useful for getting
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ETHICAL FRAMEWORK‚ LIMITS OF PROFICIENCY AND THE LIMITATIONS ON COUNSELLORS COMPARED TO OTHER PROFESSIONS THAT USE COUNSELLING SKILLS. The Ethical Framework is made up of rules and regulations within which Counsellors and Psychotherapists strive to achieve in order to attain a high professional standard. It protects client and counsellor and compounds values‚ principles and personal moral qualities for counsellors to work alongside in order to achieve the highest standard of counselling for clients
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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.
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T 1.2 Introduction Oriflame is a Swedish beauty selling company‚ which offers over 1.000 different products such as skin care‚ cosmetics‚ fragrances‚ personal and hair care‚ and other wellness products. Oriflame operates in more than 60 countries in the world‚ besides it is the market leader in more than half of those countries. Oriflame’s first entries were in Northern Europe. After settling in those Scandinavian markets‚ Oriflame expended in other European countries such as the United Kingdom
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