from that is the tourism industry. Tourism may be defined as a travel for recreational‚ leisure or business purposes (wikipedia). Tourism brings money to the public by tourist spots. A very good tourist spots will lead to a progressive living‚ as what Sec. Ace Durano (said) “kung maraming turismo maraming trabaho” and that is really true‚ because a single tourist spot can give profit to many businesses. An example is a tourist who dines in restaurant could give benefit to the restaurant and the
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External environment aims to help an organisation to obtain opportunities and threats that will affect the organisation’s competitive situation. External opportunities are characteristics of the external environment that have the potential to help the organization achieve or exceed its strategic goals. External threats are characteristics of the external environment that may prevent the organization from achieving its strategic goals. Therefore‚ organisations must formulate appropriate strategies
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changes in external environment factors have impacted on business over the last 5 to 10 years. Also‚ this paper will examine the environmental forces that are relevant to the business and discuss the rationale behind the environmental forces. Moreover‚ it presents an outline why other factors and forces may not be relevant to this business. Finally‚ this paper will identify and discuss the forces that may effect on business over the next decade or so supplemented with a proposed marketing strategy. Small
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between internal and external environment of business and in each case explain five components of the environment. The term business‚ in economic sense means human activities which are performed with the objectives of earning profits. Human activity for earning profit may be in the form of production‚ extraction or purchase of goods for sale. It is expected of business to provide goods and services to the society in an effective manner. Thus‚ in today’s competitive environment‚ survival of business
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Analysis of the External Environment of Business The Technological Environment The external business environment consists of four elements‚ they are as follows: Political‚ Economic‚ Social and technological. It would be impossible to analyse the whole environment in one essay‚ I have therefore decided to focus my essay on the technological environment. I have chosen this area to focus on because as Palmer and Hartley point out‚ it is one area that is forcing immense change in the external business environment
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1 External environment and internal issues…………..5 3.2 Options to improve TEMC’s RSP…………………..5 3.3 A set of procedures………………………………….5 3. Conclusion……………………………………………10 4. Recommendations…………………………………………13 5. Reference list………………………………………….15 Executive summary TEMC is a hospital which located in far north Queensland‚ Australia. The hospital-TEMC had faced the supplier shortage of doctors recently. This report researched both the external and internal environment facing
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González Gómez Organizational Theory External factors When mentioning external factors that conspire to affect an organization we can take into account environmental uncertainty‚ organizational size and structure‚ government‚ raw materials‚ human resources‚ markets‚ economic conditions of the country‚ financial resources‚ technology‚ and a few more that truly create a challenging and complex operating environment. And the real impact is that all of them affect organizational performance as well because
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Marketing assignment on: External marketing environment factors Q1. Identify & Discuss which external marketing environment factors more impact on Ford. Ans1. Ford Motor Company refers to an American multinational enterprise which deals in the manufacturing of the automobiles. Ford has been known for manufacturing cars on a large scale. Ford refers to the second largest manufacturer in case of the automobile sector. Based upon the annual sales figure‚ Ford has been termed at the fifth largest amongst
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incredible innovative products and business strategy. Small computer was the costumer- friendly product that has a clear future vision. Steve Jobs found this market and believe the demand for this market was big. Apple was the most successful initial public offering after Ford Motor Company in 1980. Apple also was the fast company that hit the Fortune 500 in the history. However‚ Apple nearly goes into bankruptcy by the middle of 1990s due to the fierce external competition from the IBM and the Microsoft
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FedEx’s External and Internal Environments FedEx’s external environment both positively and negatively affects the organizations operations. Their external environment consists of government‚ weather‚ and the economy. FedEx does not have a very large external environment because their operations are not affect by many outside sources. The government affects FedEx’s operations by providing security regulations. A regulation that affects them is increased security regulations that were just recently
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