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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processes from two kinds of sources: internal and external sources. The sources within the organization itself (like transfer of employees from one department to other‚ promotions) to fill a position are known as the internal sources of recruitment. Recruitment candidates from all the other sources (like outsourcing agencies etc.) are known as the external sources of the recruitment. SOURCES OF RECRUITMENT [pic] The entire process of Recruitment & involvement of Recruitment sources: [pic] EMPLOYEE
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on the troubleshooting and repair process‚ I am going to be talking about the organisational policies‚ such as considerations e.g. security‚ costs‚ systems downtime‚ disruption‚ resource allocation‚ prioritisation‚ contractual requirements‚ trend analysis‚ escalation procedures‚ documentation‚ reporting‚ contractual legal issues. Organisational Policies An organisational policy is expected to do many things. Primarily it should protect people and information‚ as well as set the rules for expected
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* The External Analysis examines opportunities and threats that exist in the environment. It shows to management the opportunities to favorable conditions in the environment that could produce rewards for the organization if acted properly. * An organization provides a means of using individual strengths within a group to achieve more than can be accomplished by the aggregate efforts of group members working individually. An organization relates to external analysis because it needs it
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External analysis How can a smartphone company use external analysis to gain competitive advantage? 1. Apply 5 forces model for the smartphone industry According to Hill and Jones‚ the five forces model serves the purpose to identify opportunities and threats in the external business environment‚ by analysing “competitive forces” (Hill & Jones‚ 2012‚ p. 42). Once created by Michel E. Porter this particular framework functioned as a useful tool for managers to approach the external analysis
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External Analysis 1. PESTLE Factors Political and Legal· Government has high work efficiency‚ justice and transparency.· Company or individual have low tax rate easy to calculate.· Government supports the development of industry and commerce. | Economic·Hong Kong is the world’s 11th trading powers and 2nd stock market in Asia.·One of the most free trade port and open investment policy. It is the only one RMB offshore market.·Over-estimation of the number of visitors.·Loss $46 million in the
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LVMH – Fashion & Leather Goods External Analysis Faurum Doshi LVMH Summary LVMH‚ known as Moët Hennessy • Louis Vuitton‚ is a French conglomerate and the largest producer of luxury goods in the world. LVMH was formed in 1987 with the merger of Moet et Chandon a champagne manufacturer‚ Hennessy a cognac manufacturer‚ and Louis Vuitton a fashion house. The LVMH group is comprised over five sectors: Fashion & Leather Goods‚ Wine & Spirits‚ Perfumes & Cosmetics‚ Watches &
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INTERNAL AND EXTERNAL SOURCES OF CANDIDATES Internal Sources of Candidates i- Promotions : Promotion means to give a higher position‚ status‚ salary and responsibility to the employee. So‚ the vacancy can be filled by promoting a suitable candidate from the same organization. ii- Transfers : Transfer means a change in the place of employment without any change in the position‚ status‚ salary and responsibility of the employee. So‚ the vacancy can be filled by transferring a suitable candidate
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Expect the Unexpected What thoughts come to mind when you think of “The Lottery?” Positive thoughts including money‚ a new home‚ excitement‚ and happiness are all associated with the lottery in most cases. However‚ this is not the case in Shirley Jackson’s short story‚ “The Lottery”. Here‚ the characters in the story are not gambling for money‚ instead they are gambling for their life. A shock that surprises the reader as she unveils this horrifying tradition in the village on this beautiful
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External Environmental Forces During the strategic marketing management process‚ there are many external forces that any company must be aware of in order to be profitable. These very important factors to be considered come in the form of technology trends‚ economic and government trends‚ consumer trends and innovations. It is very important to become aware of all of the potential opportunities and threats that may arise from these trends. I believe that for Coca-Cola‚ there are external forces
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