Michael E Porter’s Five Forces of Competitive Position Michael Porter’s famous Five Forces of Competitive Position model provides a simple perspective for assessing and analysing the competitive strength and position of a corporation or business organisation. Here is a brief introduction to Porter and his work in this space. American Michael Porter was born in 1947. After initially graduating in aeronautical engineering‚ Porter achieved an economics doctorate at Harvard‚ where he was subsequently
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Taxation: 2012/13 Lecture 1 - The framework of UK taxation Lecturer: Sara Closs-Stacey FCCA CTA Email contact: abs614@bangor.ac.uk Essential text “Taxation –policy and practice 2012/13” Lymer and Oats. ACCA Paper F6 Taxation complete text FA2012 Course text can be obtained from: www.taxstudent.com ; amazon university bookshop and Kaplan publishing website. Outline of lecture Discuss historical background of taxation Main features of UK tax today Collection systems‚ legal framework and
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Colonial government wasn’t so different from how it is now. Sure‚ we’ve changed some things‚ but we still have a baseline from way back when. Today‚ we still have a legislative‚ executive‚ and judicial branch. In the legislative branch they had something in England called ‘Parliament’. Basically Congress but with a different name. Just like Congress‚ Parliament was a bicameral legislature‚ a lawmaking body made of two houses. However‚ in Jamestown the houses were called House of Burgesses and Council
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The United Kingdom of Great Britain and Northern Ireland also known as United Kingdom or UK is a sovereign state located off north-western coast of Europe. It consists of four countries- Wales‚ Northern Ireland‚ Scotland and England. It is a constitutional monarchy with a parliamentary system. It has the world’s sixth largest economy by nominal GDP and eight largest economy by purchasing power parity. The country has been a permanent member of the United Nations Security Council since its first session
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INTRODUCTION‚ This essay assess the external business environment of VODAFONE UK using the four headings of a PEST analysis; political‚ economic‚ social and technological it will provide information gathered from several researched sources relating to the four topics and will then go on to draw a conclusion based on the evidence provided. VODAFONE UK‚ Registered in Newbury Berkshire Vodafone UK is a British born multinational telecommunications company witch is headquartered in London and
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way that current Prime Minister Gordon Brown has tried to micro-manage his government‚ his government has been trying to micro-manage the United Kingdom. There are local councils in England that put microchips on people’s garbage bins to k check if they are throwing out the right stuff. Scotland’s National Party’s long term plans to split off from the UK are on indefinite hold due to the economic downturn. Economically‚ the UK had too many eggs in one basket--too much of their economy is based on complex
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Main Factors affecting product pricing in the UK In the UK‚ there are factors which affect how a company chooses to price their products. This is known as product pricing. Having a good product pricing strategy is essential to maintain a high profit margin‚ creating brand loyalty or superiority and remaining competitive. We will discuss the factors affecting product pricing‚ to see why it is so important for firms to take into different factors and variables when deciding their product price.
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Economical‚ Social‚ and Technological.) Political The government can basically decide how a business is run; by all the laws and safety acts it can impose. Nowadays there is so much legislation‚ businesses don ’t have much say in what happens and there is not much leeway between similar companies. Supermarkets are told more or less everything; from what they stock‚ to how they stock it‚ how it is sold‚ who is allowed to sell it etc. The Government has to regulate prices too‚ because it has been known
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When compared to other countries in the World‚ the UK is undoubtedly democratic because of the parliament which is a representative institution. This is a definitive guarantee that the voices of the people are heard throughout the government as the people’s wishes are properly represented. Due to public outcry‚ David Cameron’s proposal for military action to Syria was shut down in the houses of Commons. This illustrates the significance and power of parliament as it has direct control over all legislation
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The ancient Inca government and the government of the United States of America have some things in common; while at the same time both very different. The powers possessed by the Inca monarch are similar to those of the U.S. government. However‚ Inca punishments for criminals are very different from American punishments for criminals. The Inca government had a very strong structure‚ which enabled it to last for hundreds of years. One major distinction between the two governments though‚ is that the
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