External assessment Political‚ governmental and legal forces: * Political forces As the current situation in Egypt is not stable and there is a lot of political issues that affect directly the business in Egypt‚ also the revolution and the security instability‚ and the decline in the Egyptian pound price which affect negatively the prices in Egypt all of this is a threat for the center as the customer numbers decline and the prices become higher‚ and it becomes difficult to forecast the
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Need Cash? Look inside your company This article was very interesting to read and brought to my attention several issues. Following the world financial crisis‚ a common scenario in today’s business world sees organizations always struggling for capital. However‚ with the ability to better manage their internal policies and processes‚ organizations may discover that considerable cash flow can be unlocked while making significant difference between failure and survival. The authors highlight six
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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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must consider environmental influences before arriving at business decisions; discuss what these environmental forces are and how they would impact on the decisions made by strategic management on the future viability of the business. As well as this‚ do a brief analysis of the 5 forces driving competition in the hospitality industry using Porters model as the basis of your analysis. If there is a question: ”What must be considered for managers in the first stage of business decision making?”‚ one
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sense since the beginning of societal structures and governments. However‚ in its more modern sense‚ revolution suggests dramatic episodes of political change‚ where a collective force recognizes the need for a change and is able to take action to create this in order to remove what they consider to be the impurities of the system‚ and replace it with what is presumed to be necessary. Revolutions can take many forms‚ varying between social and political‚ and violent and peaceful‚ yet while revolutions
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Climate change is creating vulnerability. Sewage treatment plants are susceptible to major failures and overflows because of rising seas‚ more intense coastal storms‚ and increased heavy precipitation events. In 2012‚ Climate Central’s comprehensive analysis of sea level rise‚ stated more than two-thirds of costal locations in the U.S. will be affected by global warming that has more than doubled the chances of a hundred year storm surge occurring within the next year. (Hurricane Sandy) The higher
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Needs analysis for soccer Soccer can be distinguished as a high intensity‚ sporadic‚ intermittent course of exercise. The game of soccer is made up of a number of distinct phases of play over an average of 90 minutes. This excludes injury time and also extra time which may be needed in ‘knockout’ circumstances. The phases of play involve sprinting‚ change of direction‚ jogging‚ walking‚ kicking‚ heading and physical challenges for possession. (Capoo‚ et al 2012). Bloomfield et al. carried out a
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How do internal and external factors affect Control The external and internal factors affect the control function in business by simple change. External factors are forces that are outside the company such as customers‚ competitors‚ government‚ and economy. The internal factors or forces are those that consist of situations or events that occur inside the business and under the control of the company ( ). Control is one of the major functions in business because it helps the company to look
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Chapter 4 The External Environment The Environmental Domain Organization Environment is composed of all elements that exist outside the boundary of the organization that have the potential to affect all or part of the organization. Its domain is the chosen field of action. The environment comprises several sectors or subdivisions of the environment that contain similar elements (ie. industry‚ raw materials‚ human resources‚ market‚ technology‚ financial resources‚ economic conditions‚ government
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A Chemical change is any change that results in the formation of a new chemical substance. It is something that everyone learns about in school‚ but never really tries to see it in the real world. We all know the basic examples; baking a cake‚ burning wood… etc. What about the examples that are happening around us. For example‚ the Statue of Liberty has been through a chemical change. It was first a dull brown color‚ and now it is a green color. That happened due to a chemical change. During the
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