Chapter 3 The External Assessment Chapter Outline The Nature of the External Audit Strategic Management: Concepts & Cases 10th Edition Fred David The Industrial Organization (I/O) View PowerPoint Slides by Anthony F. Chelte Western New England College Copyright 2005 Prentice Hall Social‚ Cultural‚ Demographic & Environmental Forces Ch 3 -1 Chapter Outline (cont’d) Copyright 2005 Prentice Hall Ch 3 -2 Chapter Outline (cont’d) Political‚ Governmental‚ and Legal Forces Porter’s Five-Forces
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Case Study: Siemens Bribery Scandal 1. Corruption was deeply embedded in Siemen’s business culture. They rationalized this corruption by stating that it was not illegal to initiate bribes to government officials. This was true‚ however not anymore‚ the law changed in 1999 prohibiting such acts of corruption. 2. If a manager at Siemens would have stood up and took a stand against corruption‚ I think that he/she would have most likely been fired for being insubordinate. The higher executives that
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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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Have you ever wondered if external factors shape you and your identity? Imagine‚ from the second one is born to the daily things as sense‚ taste‚ smell‚ hear‚ feel‚ see and touch. External factors have many roles to play affect our identity. Community‚ Environment and Experiences all play a part in shaping one’s identity. Your Environment shapes your identity. If one is brought up in a Environment which is sophisticated and affluent they have a positive chances of also becoming successful‚ wealthy
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A business has many external influences that can affect its overall mission and functions. Such influences may be political‚ global‚ economic‚ legal‚ media‚ medical‚ and nature in itself. These influences may include government departments‚ regulators‚ competitors‚ and trade bodies making it important to identify these at an early stage (Norwich Union‚ 2005). Because these external influences affect a business ’ mission critical process‚ it is evident there is an influence on the business continuity
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Case: Siemens AG: Global Development Strategy (A) 1. How would you characterize Siemens’ global development strategy? Why does it have regional development centers (RDCs) around the world? Over the years‚ however‚ Siemens had followed a strategy of shifting more autonomy to its regional centers to strengthen its global presence. First‚ because of local labor shortages‚ ICN could simply not centralize all product development at Munich. Second‚ having regionally-based managers‚ engineers and
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in Strategic Management Chapter 3: The External Assessment Submitted by: Stephanie Rose Capule Melody Ferrer Divine Grace Jasa Claudine Martinez Wendy Pangilinan Mark Angelo Santiago Julma Tumibay Mktg 4-2 Submitted to: Mr. Jamilton Esguerra Chapter Objectives: After studying this chapter‚ you should be able to do the following: 1. Describe how to conduct an external strategic-management audit. 2. Discuss 10 major external forces that affect organizations: economic
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[pic] 1] Founded in 1985‚ by Adrian Olabuenaga and Lesley Bailey his wife. Their first product collection was a limited edition series of jewelry designed by Peter Shire‚ a member of the famous Memphis group. Later‚ with the help of Barbara Radice & designer/architect Ettore Sottsass‚ ACME’s new collection (Memphis Designers for ACME)‚ was a huge collection of jewelry over a hundred works‚ with 14 designers and architects‚ including Andrea Branzi‚ Aldo Cibic‚ Michele De Lucchi‚ Ettore Sottsass‚ Matteo
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Hospital located at‚ 2001 West 86th Street Indianapolis‚ Indiana‚ I will go through internal and external factors that affect this healthcare system (Community Benefit Report). There are many internal factors such as finance‚ information technology services‚ human resource management‚ research and
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Siemens ShareNet : Building a Knowledge Network Case Background: Siemen’s Information and Communication Network’s (ICN) Group Strategy Division had been delegated with the task of proposing a strategy for the future of ShareNet. ShareNet‚ a Knowledge Management System had grown from a small experiment to a tool and was widely used by ICN’s Sales and marketing department (S&M)‚ had been rolled out to R&D department and one of the Siemen’s large U.S. Client. There had been a meltdown in the telecommunications
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