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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A MAN FOR ALL SEASONS!!! Quotes Bold --> indicates more important quotes ACT ONE "But every man has his price" - Richard Rich (page 2) "The friendship of Sir Thomas More. Or should I say acquaintance?" - Richard Rich (page 3) "A man should go where he wont be tempted" - More (page 4) "Good... well you dont need my help now" - More to Rich (page 7) "Sir Thomas‚ if only you knew how much‚ much rather I’d yours than his!" - Rich to More (page 7) "No‚ i dont recommend him; but I point
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Introduction to Macro economics – Key concepts- Growth‚ Inflation and unemployment‚ objectives and instruments/policies Circular Flow of economic activity. DR. TULSI JAYAKUMAR 2 An Intro to Macro What is Macroeconomics Two central themes of macroA) The short-term fluctuations in output‚ employment‚ financial conditions and prices that we call the Business Cycle. B) The longer term trends in output and living standards known as economic growth DR. TULSI JAYAKUMAR 3 An Intro to Macro- The story
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Micro economics is a branch of economics which studies individual firms and consumers. The basis of micro economics is supply and demand; how does the market react to changes in supply and demand and inevitably how does it affect price. Microeconomic decisions by both firms and individuals are motivated by cost and benefit considerations. Costs can be either be in terms of financial costs such as average fixed costs and total variable costs or they can be in terms of opportunity costs‚ which consider
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Topic One: The Marketing Environment 1. What is meant by the term marketing environment? The marketing environment consists of the actors and forces that affect a company’s capability to operate effectively in providing products and services to its customers. It is useful to classify these forces into the micro-environment (customers‚ competitors‚ distributors and suppliers) and the macro-environment (political and legal‚ economic‚ social/cultural‚ technological‚ environmental‚ legal forces). These
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India is mostly a hot country. The summer season starts in April and goes up to the month of October every year. The months of April‚ May and June are very hot almost all over the country. The rainfall in India occurs mainly in summer season. The months of rain are from June to September. All rains in India are brought by monsoon winds from the Indian Ocean. They start blowing in the month of June and cover the entire country by the middle of June. The months of May and June are extremely hot. The
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In the micro-system the individual is the dominant factor. The risk factors act upon the individuals are as follows. Firstly‚ genetics is a major risk factor that is beyond the control of the individual an example of such is body mass composition‚ which is the manner of which the body takes on weight. The consequence of genetics is that the individual has little control over weight gain and thus must be more conscious of their lifestyle choices. The psychological risk factors associated with the
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banking and related services.” Microfinance is not just about giving micro credit to the poor rather it is an economic development tool whose objective is to assist poor to work their way out of poverty. It covers a wide range of services like credit‚ savings‚ insurance‚ remittance and also non-financial services like training‚ counseling etc. FEATURES: * Borrowers are from the low income group * Loans are of small amount – micro loans * Short duration loans * Loans are offered without collaterals
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A Man of All Seasons The movie starts off with Sit Thomas More objecting to King Henry VIII’s plan to divorce so he can remarry to have a son to be the next king. He wants to marry Anne Boleyn and More is the only one to argue against him. More says how the Pope will never grant him a divorce either. Wolsey suggests that they apply "pressure" in order to force the issue upon the Pope. More refuses to support Henry at all with this issue. More then goes home by boat and finds Richard Rich for him
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BUSINESS ENVIRONMENT | |After discussing the meaning of business environment‚ now we will discuss the various components of business environment. The various components of business environment are- [pic]External environment consists of those factors that affect a business enterprise from outside. External environment includes shareholders‚ competitors‚ customers‚ society‚ government laws and regulations‚ policies and technology. External environment is generally classified into micro environment and
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