Executive SummaryThe macro-environment consists of larger societal forces that affect entire micro-environment. The six forces making up the company’s macro-environment include demographic‚ economic‚ natural‚ technological‚ political/legal‚ and social-cultural forces. Companies must constantly watch and adapt to the marketing environment in order to seek opportunities and ward off threats. “The marketing environment comprises all the actors and forces influencing the company’s ability to transact
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country and the recent boom in catering and hotel industry in India‚ cuisines are no longer confined to their own regions but have overlapped and influenced each other. People living anywhere in our subcontinent can now have the scrumptious cuisines of any other region from the chain of restaurants flourishing all over the country.Over the last decade‚ the catering industry in India gradually gained its impulse with the establishment of numbers of hotel management and catering institutes‚ supply chains
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Macro-environmental trends. This portion requires you to discuss and analyse the impact on the industry of the following factors (in case the industry competes in overseas markets‚ your analysis should have a corresponding dimension): · Social‚ cultural‚ demographic and environmental forces; · Political‚ governmental and legal forces; · Technological forces; and · Economic forces. Macro-Environment Definition Major external and uncontrollable factors that
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Unit 2 Macro-Trend Analysis BUS 620 Larry Fiegle Tina Haller May‚ 3‚ 2012 Hybrid Vehicle Macro-Trend Analysis Introduction As gas prices continue to rise‚ people have started to trend toward more energy efficient means of transportation. Hybrid vehicles have an electric motor along with rechargeable batteries and have an increased efficiency of up to 50 percent. There is an onboard computer that switches between gas and electric power. The hybrid car runs on the energy of the battery when
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INTRODUCTION Catering definition This industry comprises establishments primarily engaged in providing single event-based food services. These establishments generally have equipment and vehicles to transport meals and snacks to events and/or prepare food at an off-premise site. Banquet halls with catering staff are included in this industry. Examples of events catered by establishments in this industry are graduation parties‚ wedding receptions‚ business or retirement luncheons‚ and trade shows
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Marketing Plan NOW danny abramovich >> >> 0 >> 0 >> 1 1 >> 2 >> 3 >> >> 4 Chapter 1out of 4 Macro Environmental Analysis >> >> 2 0 >> 1 >> >> 2 >> 3 >> 4 3 >> >> 4 >> ana l ys i s o f t he c u r r en t s i t ua t i on 1.1 Macro environmental analysis - Being exposed to the news allows you a higher level of awareness of the business environment. - Certain environments influence
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processes and performances ” with reference to a business organization of your choice and using macro environments factors only‚ comment on the validity of this statement.(25) INTRODUCTION Lancaster (2011) defines the macro environment as ’those global elements over which the organization has no control over but which affect the organization’s ability to serve its customers profitably.’ There are six major macro environment forces: cultural‚ demographic‚ economic‚ natural‚ political‚ and technological
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be identified and recommended. External Situation As presented by Grant (2007)‚ macroenvironmental factors are beyond a firm’s control. To adapt and remain competitive‚ a firm must understand how these external influences “affect the firm’s industry environment” (p.66). The
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Training and Development of Work Force in Catering Industry in Wrexham Area”. Training is one of the most important elements in each and every organisation for the betterment of its employees. The aim of the research is to study the Training programmes conducted for the staffs or employees of an organisation to improve the company’s performance and productivity. The research aim is mainly to identify the importance of training requirements in catering industry and to identify the benefits of it.
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all actual and potential buyers of a product” (Kotler‚ 1998). The yoghurt market consists of all the actual and potential buyers of yoghurt products. The macro-environment consists of six types of forces economic‚ demographic‚ cultural‚ natural‚ technological and political. “Vital Foods” must ensure that they take into account the trends‚ changes and alterations in these environments which can both pose threats and reveal opportunities. Economic Environment The economic environment is best
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