CHAPTER 2 External Analysis: The Identification of Opportunities and Threats I. Overview A. For a company to succeed‚ its strategy must either fit the industry environment in which it operates‚ or the company must be able to reshape the industry environment in which it operates to its advantage through its choice of strategy. Companies typically fail when their strategy no longer fits the environment in which they operate. B. To achieve a good fit‚ managers must understand the forces that shape
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International Business Management Chapter Two Understanding the Role of Culture __________________________________________________ What is meant by the culture of society‚ and why is it important for international managers to understand it? What is meant by the culture of society‚ Explain how culture affects all aspects of international management? Culture A set of shared values‚ understandings‚ assumptions‚ and goals that are learned from earlier generations‚ imposed by present
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The External Factor Political‚ Governmental & Legal Forces Government spending and taxation policies Hong Kong is a free port of less tax and low tax rate. The tax must to pay for enterprise only pay the profit tax every year. The normal rate of Profits Tax is 16.5% for corporations and 15% for unincorporated businesses. More companies have been attracted to invest in Hong Kong. Hong Kong does not impose value-added tax (VAT)‚ goods and services tax (GST) or sales tax. The price of products
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External communication Communication with people outside the company is called “external communication”. Supervisors communicate with sources outside the organization‚ such as vendors and customers. External communication comprehends all information developed by the company‚ which is related to its activity that is released in the press‚ for public knowledge. Such information is crucial in order to promote the company’s image. External Communication is used for: 1. Through ensuring the information
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Abstract: MS Office is an application made up of some collection of software applications which help user to perform various tasks with little effort in offices now a days. With MS office in our pc we can do many things like creating text documents‚ spreadsheets‚ flow charts ‚presentations ‚pie charts‚ notes‚ business cards‚ greeting cards‚ calendars ‚ brochures‚ flyers‚ postcards ‚website templates and many more things. MS office has become a must have requirement for offices‚ I wonder what it
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Extr0version: This trait includes characteristics such as excitability‚ sociability‚ talkativeness‚ assertiveness and high amounts of emotional expressiveness. Agreeableness: This personality dimension includes attributes such as trust‚ altruism‚ kindness‚ affection‚ and other prosocial behaviors. Conscientiousness: Common features of this dimension include high levels of thoughtfulness‚ with good impulse control and goal-directed behaviors. Those high in conscientiousness tend to be organized
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Office Politics MBA 525DL 09/05/2007 Office Politics Page 1 Who Is Effected by Office Politics Any person who works in an office is affected by office politics whether they chose to participate of stand by and watch. Sarmiento (2003) has developed several rules that can be applied when engaging in office politics. These include not whining‚ make friends not enemies‚ selectively disclose information and do not assume anything will remain a secret‚ the challenge here is not in how
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External Environment Analysis Trident University International MGT599 Mod 2 Case Executive Summary In this section of the company analysis we will be examining several of the external factors present in the Coca-Cola Company’s environment. We will conduct a Porter’s 5-forces analysis‚ a PEST analysis which will include a look at political‚ economic‚ social‚ and technological factors‚ and will show how the Coca-Cola Company has a solid grasp on its place in the market along with its major
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Stakeholder For other uses‚ see Stakeholder. Internal and external stakeholders of a company A corporate stakeholder is a party that can affect or be affected by the actions of the business as a whole. The stakeholder concept was first used in a 1963 internal memorandum at the Stanford Research institute. It defined stakeholders as "those groups without whose support the organization would cease to exist."[1] The theory was later developed and championed by R. Edward Freeman in the 1980s
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Changing role of office professionals THE ADMINISTRATIVE ROLE‚ more than most others‚ has been profoundly affected by the information revolution‚ according to Canadian researcher Alice de Wolff. At a meeting of the Office Worker’s Career Assistance Group of Toronto‚ Ms. de Wolff noted that office professionals work constantly with new information technologies. They bring the information economy to life and experience the impact of the information revolution on a daily basis. She told
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