systematic analysis of a firm’s external environment provides management better planning and decision-making capabilities. The formulation of effective strategies often depends on whether a firm’s analysis reflects the changing environment. Many tools have been developed to examine environmental factors in the strategic analysis process. PEST model looks at the political‚ economical‚ social and technological factors to analyze the macroeconomic situation of the firm (Narayanan and Fahey‚ 2001). Porter’s
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CONVERSATIONS The mission of the Corporate Executive Board is to create revolutionary economic advantage for leaders of the world’s great enterprises by enabling them to act with unparalleled intelligence and confidence. We lift their performance at key decision points and career moments by delivering insight drawn from the most powerful global executive and professional network. When we bring leaders together‚ it is crucial that our discussions neither restrict competition nor improperly share inside information
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Capital Structure Decisions: Which Factors Are Reliably Important? Murray Z. Frank and Vidhan K. Goyal∗ This paper examines the relative importance of many factors in the capital structure decisions of publicly traded American firms from 1950 to 2003. The most reliable factors for explaining market leverage are: median industry leverage (+ effect on leverage)‚ market-to-book assets ratio (−)‚ tangibility (+)‚ profits (−)‚ log of assets (+)‚ and expected inflation (+). In addition‚ we find
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Resources Conducting an HR Audit: How HR Can Better Measure the Effectiveness of its Functions and Programs? By Judith Brown‚ Director of Research International Public Management Association for Human Resources 1617 Duke Street Alexandria‚ VA 22314 (703)-549-7100 http://www.ipma-hr.org Introduction Conducting an HR Audit---How HR Can Better Measure the Effectiveness of its Functions and Programs By Judith Brown‚ Director of Research Redefining the role of HR The historical role
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Environmental The environment provides life supporting resources and eco systems‚ quality of life conditions and amenities that are valued by people. Society consumes products and services provided by environmental resources and generates wastes that are disposed of in the environment. The values of individuals and groups within society drive decisions that determine the quality of the environment they live in and depend on. On the field trip Noel introduced us to the no dig system‚ which is
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Micro Macro A company ’s marketing environment is made up of the ACTORS AND FORCES outside marketing that affect marketing management ’s ability to build and maintain successful RELATIONSHIPS with target customers. The marketing environment is made up of the micro environment and the macro environment. The micro environment consists of the ACTORS CLOSE to the company that affect its ability to serve its customers - the company‚ suppliers‚ marketing intermediaries‚ customer markets‚ competitors
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Management is no exception. “Ranked by Fortune Magazine as the best of the 100 best companies to work for‚” (Book 712) Google seems to be excelling at Human Resources by taking an unconventional route to getting the job done just like their business decisions. One of Google’s methods is to correlate personal traits from employees’ survey answers to actual performance and then using the collected data to screen job candidatesRecently‚ Fortune Magazine released it’s “100 Best Companies to Work For 2007″
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Directors Retaining the HR Function Mohammed Bhayat Table of Contents Introduction 3 How three HR activities support the organisations strategy 4 Recruitment 4 Disciplinary’s / Grievances 4 Induction 5 Three ways HR professionals support line managers and their staff 6 Performance management 6 Legal 6 Training 7 Conclusion 8 REFERENCES 9 Introduction This report is to the executive directors and will be outlining the importance of retaining the HR function within the business
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Microeconomics: The study of how households and firms make choices‚ how they interact in markets‚ and how the government attempts to influence their choices. Macroeconomics: The study of the economy as a whole including topics such as inflation‚ unemployment‚ and economic growth. Micro and macro are closely interwined because changes in the overall economy arise from the decisions of individual households and firms. CHAPTER 2 Trade off: The idea hat because of scarcity‚ producing more of one
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micro-environment This environment influences the organization directly. It includes suppliers that deal directly or indirectly‚ consumers and customers‚ and other local stakeholders. Micro tends to suggest small‚ but this can be misleading. In this context‚ micro describes the relationship between firms and the driving forces that control this relationship. It is a more local relationship‚ and the firm may exercise a degree of influence. These are internal factors close to the company that have a
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