OBS 320: Chapter 4‚ Exploring the External Environment: Macro and Industry Dynamics Leave out: The Value Curve (P. 152-156); and When industry Divide and Collide (P.163-164) 1. Explain the importance of the external context for strategy and firm performance (P. 130-132) A. The External Context of Strategy (Figure 4.1) B. The External Context of Strategy (Explained) It is crucial that the external environment is thoroughly understood in order to formulate an effective
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Introduction Apple Inc. is an American multinational corporation that designs and manufactures consumer electronics and computer software products. Established in Cupertino‚ California on April 1‚ 1976 in the heart of Silicon Valley‚ and incorporated January 3‚ 1977. Apple Inc. used to be called Apple Computers Inc.‚ but dropped the word computer because it wanted to expend its products beyond just computers. Steve Jobs was a co-founder and the CEO before. Today‚ Apple operates more than 250
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UK: Primark cuts three suppliers following child labour claims A News item from Business Respect‚ Issue Number 130‚ dated 17 Jun 2008 UK clothing retailer Primark has ended its contracts with three suppliers in India following allegations channelled through a BBC documentary that they used child labour to finish garments with embroidery and sequin work. The company said that the work had been improperly sub-contracted against the company’s code of conduct‚ and it had taken action accordingly
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Internal and External Factors on the Four Functions of Management Mark Mitchell XMGT-230 May 11‚ 2014 Shane Denevan Internal and External Factors on the Four Functions of Management In regards to internal and external factors that can significantly influence the four functions of management‚ include such items as globalization‚ technology‚ diversity‚ ethics and innovation. Furthermore‚ all of these items pay an important role in the dominance of General Motors in the automotive industry. GM has
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Internal and External Factors of Apple Computers Globalization‚ Technology‚ and E-business are all major factors influencing today’s business world. They influence many of our business related decisions on a daily basis. Some of these decisions could be deciding to use a computer to order a new desk from Singapore or using your cell phone to make a conference call in India. Even Apple’s management functions are not immune to these critical factors. Apple began selling personal computers
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The internal forces for change within Whole Foods are that of the employees. Whole Foods stays alive because of the happiness of their workers. It is stated that the workers decide who their co-workers will be by voting on if they would like to keep that person as an employee after they have worked with them. By providing benefits and opportunities to the workers that surpass those of other food stores‚ managers are creating an environment of productivity‚ and with more productivity there is more
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General Mills faces extreme challenges in the external environment. Being a food company‚ and a very large one at that‚ they are regulated by several organizations and government agencies such as the FDA. They also claim most of their products to be very nutritious; therefore they must back their statements up. General Mills is a very important piece of the overall economy‚ being so large‚ so we are all external stakeholders. This is why they try to be socially responsible achieving #2 and #3 in
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Corporate Social Responsibility - Primark Primark’s products are mainly sourced from suppliers in Europe and Asia. Its key sourcing countries are China‚ India‚ Bangladesh and Turkey. Primark has initiated a programme of activities which supports its corporate social responsibility (CSR) stance and ensures that its trading meets the company’s values and ethical standards. Corporate social responsibility represents the responsibility that a business has towards all its stakeholders‚ not just
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Cosmetic surgery in 50 years times Cosmetic surgery has made a tremendous progress in the last decades due to its high demand‚ achieving a lot of important breakthroughs such as laser and minimally invasive surgery. Undoubtedly‚ it has become increasingly popular. From my point of view‚ there will be significant technological changes in 50 years times. The procedures will be less aggressive with better outcomes. I think it will be more affordable and accepted by the great majority of the society
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Internal and External Factors Affecting the Four Functions of Management Dina Pastor‚ Anelys Thompson‚ Christine Brown MGT230 April 7‚ 2014 Dick Amabile Internal and External Factors Affecting the Four Functions of Management In relation to the four functions of management‚ there are several internal and external factors that affect an organization’s success. Using DaVita‚ Inc. as an example‚ we can look at each internal factor that would affect the function of management and the external
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