QUESTION 1: An important macro-environmental force on companies is the social/cultural environment‚ particularly in international markets. Imagine that you are to offer a seminar on the social/cultural environment of Vietnam to foreign businessmen and marketers. Discuss at least three elements of the cultural environment that foreign businessmen should be aware of when doing business in Vietnam. Use specific examples referring to real-life businesses‚ brands‚ marketing activities‚ etc. to support
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explores the differences between macro risk management and micro risk management. This paper explains the definitions provided by Kendrick and then compares and contrasts them. It also gives an example of a project and assigns classification of either macro or micro risk management. It analyses the risk factors associated with the project and the impacts of the associated decisions involved with the completion of the projects. Furthermore‚ it discusses the factors that determine a particular classification
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cluster of outside factors that affects on an organization’s relationship with its targeted market. It includes microenvironment – features related to the company that affect its ability to serve the customer (the company‚ supplier‚ intermediaries‚ customers‚ competitors‚ publics); and macroenvironment – larger forces that have influences the microenvironment (demographic‚ economic‚ natural‚ technological‚ political‚ cultural). 1. Microenvironmental Force Among the six factors‚ competitors would
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AND HOSPITALITY INDUSTRY Abstract Information Communication Technologies (ICTs) have revolutionised the travel industry in the last decade. eTourism reflects the digitalisation of all processes and value chains in the tourism‚ travel‚ hospitality and catering industries. It emerges as a term describing the entire range of applications of ICTs on tourism and the implications for the tourism value chain. Major opportunities and challenges have emerged and need to be addressed by all industry players
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1 I. ENVIRONMENTAL FACTORS AFFECTING INDUSTRY 1 I.1. PESTEL ANALYSIS 1 I.2. FIVE FORCES MODEL 3 II. IMPLICATIONS OF CHANGING BUSINESS ENVIRONMENT 4 III. USE AND LIMITATIONS OF TOOLS APPLIED 5 III.1. USE AND LIMITATIONS OF PESTEL 5 III.2. USE AND LIMITATIONS OF FIVE FORCES MODEL 6 SUMMARY 6 APPENDIX 1 8 APPENDIX 2 9 REFERENCES 10 INTRODUCTION The origin of the modern pharmaceutical industry can be
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external environment of a business includes a variety of factors such as competitors‚ suppliers and regulations that influence major strategic decisions. Scanning and assessing the external environment is a vital part of strategic decision-making in entrepreneurial ventures. This helps small-business managers locate factors that pose opportunities or threats to their businesses. A better understanding of the ramifications of external environmental factors can improve success and survival for small businesses
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promoter’s philosophy of inverting the pyramid and putting the customer on the top‚ followed by employees and it was the share holders who were accorded the last place in the priority list of company. Nordstrom working as departmental store in the retail industry would be effected by all the forces in the marketing environment. Nordstrom’s competitors are Wal-Mart‚ & K-Mart‚ and Carrefour. SWOT Analysis for Nordstrom: Strength: It was rationalized by the promoter that if customers
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ASSIGNMENT ON “GO GREEN CONCEPT IN HOSPITALITY INDUSTRY” Course: Housekeeping Management Go green concept: Few years ago when climate change really started to come into focus and people began to think how to protect our mother Earth and of the ways to create a sustainable hospitality industry‚ many hotels and resorts started their green programs being a first choice for many guests and travelers since last decade. Governments are also encouraging their people to go green while
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Assignment – SSD 108 Environmental influences on Performance Ismail Iqbal DIPLOMA IN EXERCISE AND SPORTS SCIENCE Batch 3 SSD/2012/24 1. “Marathon race organizers should be mindful of weather conditions during the race ‘ Discuss the above statement on a scientific marathon footrace is among the most physiologically demanding endurance events in the world. Competitive runners typically maintain a pace corresponding to 70-90% of their maximal aerobic capacity [3
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prejudice would be someone holding a certain attitude toward another person of a different race. Discrimination is treating people differently because of a prejudice toward the social group to which they belong. An example of discrimination would be‚ a person talking down on the prejudice group. There are many factors to prejudice and discrimination‚ as well as techniques to reduce the development. Prejudice and discrimination go hand in hand. Prejudice is the attitude and discrimination is the behavior
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