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
Premium Strategic management Pharmaceutical industry Generic drug
P3 Explain factors that may influences communication and interpersonal interaction in a Health and Social Care Environment Environmental Factors Noise – If you are working in a nursery and there are a lot of background noises‚ it will be difficult to hear what the children are saying when they need your help. For example‚ in the nursery there is a child who is using hearing aids and this will amplify background noises as well as the sound of the speaker. Therefore‚ a noisy environment may be difficult
Premium Nonverbal communication Communication Sound
The world and business activities are gradually becoming more globalized as many firms extend their operations into overseas markets. With the advent of globalization‚ there are more influences than ever on the hospitality industry. Put simply‚ this means that people share their cultures with others. International hotel chains have been growing and because of this‚ the number of people engaged in foreign business markets has increased. An overseas assignment is an increasingly common career experience
Free Culture Cross-cultural communication Intercultural competence
“Changing Environment for Hospitality Industry” Title of Paper : “Security needs of Hospitality Industry” ABSTRACT After the incident on 26th November 2008 in Mumbai‚ the hospitality sector in India revisited its security and safety standards. An analysis of the attacks carried out on the two icons of Indian hospitality‚ brought out the need for more stringent checks and measures with regard to security set-ups in hospitality. The Government of India‚ and State Governments‚ woke up to
Premium Physical security Hotel Security guard
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
Premium Tourism Hotel Computer reservations system
our business.” (From http://www.heinekeninternational.com) The statement above reflects the overall marketing strategy of Heineken. Heineken aims to balance the financial sustainability with playing a role in society and to make positive long-terms commitments to investments in the environment‚ communities‚ people and partnerships. I. Marketing Environment This is the cluster of outside factors that affects on an organization’s relationship with its targeted market. It includes microenvironment
Premium Beer Marketing Brand
Capital Expenditures in the Hospitality Industry Abstract Hotels of any size are costly investments to begin with. The costs involved in maintaining the property to the necessary levels to keep attracting customers can at times be very high. Capital expenditures projects in the hospitality industry are primarily focused on the achievement of customer safety and comfort in a clean‚ friendly‚ and healthy environment. This paper will describe what capital expenditures are‚ what is involved in setting
Premium Property Capital expenditure Capital
P.3 Explain the difference between physical and environmental factors involved in the development. People working in construction are being told to minimise environmental impacts when carrying out there work. Many negative impacts can be reduced during the planning stage of a build. Any new build will have a negative impact on home owners and businesses. There will be increased traffic on roads and the towns will be fuller. Once the construction has been completed there may be longer term impacts
Premium Construction Natural environment Environment
Environmental Factors Angela Mackey MKT 421 January 4‚ 2011 Harry Caldwell Environmental Factors Marketing in the world today is affected by so many factors in the environment. The factors include political and legal issues‚ which are the most important. Some other environmental factors that have a major effect on the marketing world are social‚ cultural economics‚ technological‚ and competitive. These factors surround the basis of the decisions made within marketing. Most organizations
Premium Marketing International trade Marketing plan
of business‚ evidenced by the recent jump in energy prices‚ and empirical data provided by several different environmental and scientific agencies. The Hotel industry is no different‚ in fact‚ it would benefit greatly from the recent push for all businesses and business sectors to “Go Green.” Yet‚ the industry has long resisted the changes‚ and is only recently catching up to other industries that have converted their operations to have greener strategies. Hotels require meticulous upkeep and cleanliness
Premium Environmentalism Hotel Hotels