Using PESTEL analysis to understand the macro-environment that impacts the Banking Industry in China. Political Factors • China has a socialist political system • China has entered into the WTO and as part of the commitment to open up the banking industry‚ has issued the Rules for Implementing the Regulations Governing Foreign Financial Institutions in the People’s Republic of China ‚ which allows Foreign financial institutions to provide foreign currency services to Chinese enterprises
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Case Paper #1 Karen Leary The case mainly describes the conflict between the resident vice president and general manager at the Elmville branch of Merrill Lynch‚ Karen Leary‚ and a Taiwan-born financial consultant under Leary‚ Ted Chung. The most significant problem in this case is that he threatens his superior‚ Leary‚ to let him have a private office. He thinks that he deserves a private office and says that he will leave Leary’s branch if not allowed. However‚ his superior‚ Karen Leary‚ does not
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Background From a renovated gas station in Burlington‚ Vermont‚ to far-off places with names we sometimes mispronounce‚ what began over 30 years ago with 2 guys creating otherworldly ice cream flavors has turned into a tastebud-boggling odyssey of Ben & Jerry’s desserts served around the world. As for the 2 guys who started it all‚ their story starts way before that: Ben Cohen and Jerry Greenfield grew up in Merrick‚ Long Island. They first met in junior high school‚ where they struck up a
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fully understood. This was a problem that Karen Leary had to face when managing her new employee‚ Ted Chung. There are two main problems in this case study. The first is that Karen Leary was unable to effectively manage cultural diversity and the second is that Ted Chung was unable to adapt to the organizational culture of Merrill Lynch. This paper will discuss what was done and improvements which could have been made to the situation. When Karen Leary first hired Ted Chung‚ there was something
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PESTEL Political & legal factors: Tobacco products are the most taxed goods in the world. Their taxes often exceed half of the retail price generating huge overcome for governments. Philip Morris sells its products in over 160 countries‚ operates in approximately 90 markets including Argentina‚ Algeria‚ Australia‚ Austria‚ Belgium‚ Canada‚ Colombia‚ the Czech Republic‚ Finland‚ France‚ Germany‚ Greece‚ Hungary‚ Indonesia‚ Italy‚ Japan‚ Kazakhstan‚ Mexico‚ the Netherlands‚ the Philippines‚ Poland
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KAREN HORNEY 1. Topic: Karen Horney 2. Perspective Question: How do the strategies a person uses to cope with Basic Anxiety result in the formation of the personality—moving towards‚ moving away‚ moving against others? 3. Establish Mindset: a. What are 3 situations that make you insecure? b. What do you think are the constant patterns that generates the insecurity? c. How did you cope with each situation? d. What is
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PESTEL analysis Motivation of method It is of great importance to make an analysis of the environment in which an organisation operates in order to develop and implement a suitable‚ successful strategy for the company. According to Johnson‚ Scholes and Whittington (2008) the business environment of a company is an important issue determining its survival and success. There are several layers of this business environment – the macro environment‚ the industry or sector layer‚ the layer with competitors
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2. External analysis According to Marcus & Van Dam influence external factors an organization‚ whether an organization can only limited influence external factors. Therefore is important to analysis the external factors of a company‚ as they have to be informed about the macro environment in which they cooperate. The macro environment includes the external factors environmental‚ technological‚ economical‚ social‚ political‚ cultural‚ demographical‚ regulatory‚ general competitive and legal
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Pestel analysis Political factors: * With the joining of the European Union – sponsorship for higher education related programs * Increase in demand for higher education – the number of students‚ around the world‚ grew by 300% and the number of universities have tripled in the last 30 years‚ therefore the demand for student accommodation has also increased * A university diploma is becoming more and more necessary in order to obtain a decent job as higher education is now “common”
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L3.Strategic Analysis - External Introduction/Recap Strategic Analysis External Analysis PESTEL analysis Industry & Competitive Analysis. Strategic Analysis: Factors Shaping the Choice of Company Strategy Social‚ political‚ regulatory and community factors Competitive conditions and industry attractiveness Company opportunities and threats to company’s well-being External Factors Company’s Strategic Situation Determine relevance of internal and external factors Identify and evaluate
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