Executive SummaryThe macro-environment consists of larger societal forces that affect entire micro-environment. The six forces making up the company’s macro-environment include demographic‚ economic‚ natural‚ technological‚ political/legal‚ and social-cultural forces. Companies must constantly watch and adapt to the marketing environment in order to seek opportunities and ward off threats. “The marketing environment comprises all the actors and forces influencing the company’s ability to transact
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SESSION 2: EXTERNAL ANALYSIS AND MBV Market Based View of Strategy: External environment analysis > strategic issues-> winning strategies-> superior performance Market based view of strategy (MBV) - sometimes known as Industrial Organisation based view (IO) places primary importance on external conditions faced by the firm. In this view‚ strategy is about the firm creating for itself a ‘market position’ via strategy whereby it can defend itself from external environmental forces and/or
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The Influence of the external political environment of Uganda on Development projects By Susan Ajambo( Student: Masters in Development Management; University of Agder Norway) Abstract Political factors outside the mangers direct control significantly influence development projects. This paper examines Uganda’s political context and the influence it can have on a project on rural electrification. Such a project can benefit from state support at governmental level in addition to support in identifying
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Singapore started out as a British colony in 1819‚ primarily as a “British commercial base”‚ at the advent of the European discovery of an Oriental maritime trade route. Singapore started out as a British colony in 1819‚ primarily as a “British commercial base”‚ at the advent of the European discovery of an Oriental maritime trade route. With the formation of the East India Companies‚ the doors of the East were opened for European superpowers such as the British and the Dutch‚ and Singapore was put
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Macro Systems Robin Outlaw BSHS/325 March 23‚ 2015 Maria Perotta Macro Systems The macro system is a system designed to bring change within the community. Kirst- Ashman and Zastrow (2010) states a macro orientation involves focusing on the social‚ political and economic conditions and policies that affect people’s overall access to resources and quality of life (p. 31). This paper will be addressing the concepts of personal‚ interpersonal‚ and political empowerment. The way individuals
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CASE STUDY IN TRAVEL‚ HOSPITALITY AND TOURISM Tourism in Singapore 6 May 2013 Table of Contents 1 Introduction The Singapore Tourist Promotion Board was first established in 1964 with the mandate to promote Singapore as a tourist destination. We began work with a small staff strength of 25 and that year‚ we welcomed 91‚000 visitors. The Merlion was created as a symbol as part of marketing campaigns. (Anon.‚ 2013) Travel agent licensing and tourist guide training were
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strategic outsourcing‚ Outsourcing is the act of transferring some of a companies’ recurring internal activities and/or decision rights to outside providers. Environmental Scanning‚ often referred to as an early warning system‚ is monitoring the external environment beyond your competitors and industry. Properly implemented‚ a strong environmental scanning capability allows the organization to monitor trends‚ issues and events to understand the patterns and enable the early identification of both opportunities
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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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Course Syllabus COURSE TITLE: DESCRIPTION: BUS 4400 02 Marketing Planning & Analysis Studies the application of marketing as an integrative process. Topics include analysis of markets‚ planning and product strategies‚ and developing a balance in marketing decisions that considers prices‚ channels of distribution‚ concerns‚ sales force‚ and other factors. PREREQUISITES: None SEMESTER: Spring 2013 COURSE START: January 15‚ 2013 CLASS HOURS: 6:00pm-9:15pm‚ St. Mary’s Hall‚ Room 208
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Download the original attachment ANSWER 1 The best known IT system‚ and the one that plays a most significant role in Singapore ’s trade‚ is TradeNet. TradeNet is an EDI system that links over 12‚000 traders (an increase from 1‚000 in 1990)‚ support companies‚ and government agencies that are involved in Singapore ’s international trade‚ for the purpose of exchanging trade documents electronically. Through TradeNet‚ companies and agencies can submit‚ directly from their computers
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