Micro environmental factors are internal factors close to a business that have a direct impact on its strategy. These factors include: Customers Organisations survive on the basis of meeting “customer needs and wants” and providing benefits for their customers. Failure to do so will result in a failed business strategy. Employees Employing the correct staff and keeping staff motivated is an essential part of an organisation’s strategic planning process. Training and development play
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2 Discuss factors that have affected the nature of costs in the airline industry since 2000. How have these factors affected pricing decisions? 1) Company and product costs Cite an example of easyJet‚ it was expecting its pre-tax profits to drop by 45 percent due to higher fuel expenses. Energy costs have casualties leading to easyJet announcing that it would have to cut flights over the coming winter period. Across the industry‚ fuel costs account for 40 percent of the total airline costs
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Most of us have heard the new slogan‚ more than some of us have been exposed to the commercials and the social networking campaign that spread throughout the internet faster than wildfire and a virus; like a viral wildfire. “It’s More Fun in the Philippines!” But‚ after we laughed at the wit‚ marvelled at the creativity of the pictures with the now eponymous tagline on the internet‚ we are left to wonder; Is it Really more Fun in the Philippines? I’ve lived my entire life in the Philippines‚ not
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Microenvironment Intermediaries: AVINAA has many marketing intermediaries that distribute products to customers in more than 37 cities of Vietnam. Especially‚ AVINAA vodka is sold and distributed in the largest cities and populous cities of Vietnam and almost big districts in these cities. Those channel firm are mainly retailers. http://www.avinaa.com/ (AVINAA vodka > Distribution agents) a. Strengths: - AVINAA has many large retail corporations and stores available‚ which assist company
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The Generation Gap Today’s Workforce Today’s Workforce Traditionalists (1922 - 1945) ✤ ✤ ✤ ✤ ✤ Aliases: Veterans‚ Silent Generation‚ Greatest Generation Lived through WWII and were taught core values‚ respect for authority Traditionalists enjoy sharing their knowledge and history High value on loyalty and hard work Want to provide more opportunity to their children than they had Today’s Workforce Traditionalists (1922 - 1945) ✤ ✤ ✤ ✤ ✤ Aliases: Veterans‚ Silent Generation‚ Greatest
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MA Design (ADM Pathway) / Semester 2 12/13 Module: Final Major Project / Module code: ARTD 6081 Easter Brief: FMP Presentations + 500 words summary Brief set: 11.3.13 Deadline: 16.4.13 & 17.4.13 Tutors Dr Cui Su c.su@soton.ac.uk Giulia Zaniol g.zaniol@soton.ac.uk Julian Gee j.gee@soton.ac.uk Introduction By now you should all be familiar with how to write a research proposal. An exemplar research proposal by last year’s top student is uploaded on BB for your reference
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the environmental influences on a business. And the structure of the business pattern One method of planning your business is to undertake a PEST analysis. PEST analysis involves looking at the Political‚ Economic‚ Socio-cultural and Technological factors that could affect your company. The identification of the influences of PEST is a manner useful to summarize the outside environment in which businesses function. However‚ it must continue by thought in the way in which businesses be supposed to answer
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as Best Answer When I discuss business development with clients‚ I usually use a mnemonic that I got from one of my mentors: STEEP. (Now don ’t be a little disheartened by the word itself.) Socio-cultural. Take into consideration the social factors that could affect the development of your video games company. There are a number of studies available on the internet where you can probably take a glimpse of the cultural diversity that exists in Asia. There is no "one solid definition" of an Asian
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Price skimming is a pricing strategy in which a marketer sets a relatively high price for a product or service at first‚ then lowers the price over time. It is a temporal version of price discrimination/yield management. It allows the firm to recover its sunk costs quickly before competition steps in and lowers the market price. Price skimming is sometimes referred to as riding down the demand curve. The objective of a price skimming strategy is to capture the consumer surplus. If this is done successfully
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What are the Key success factors of Zara? “The ability to respond to customer requirements on a timely basis has always been a fundamental element of the marketing concept.” Martin Christopher et.al. Hence‚ it is important being proactive in a market such as the fast-fashion industry which Zara is operating in‚ time is always a crucial factor. The fast-fashion market‚ amongst other things‚ is characterized by short lifecycles‚ high volatility‚ low predictability‚ and high-impulse purchases. Therefore
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