Chapter 2 The external environment: Opportunities‚ threats‚ industry competition and competitor analysis Knowledge objectives 1 Explain the importance of analysing and understanding the firm’s external environment 2 Define and describe the general environment and the industry environment 3 Discuss the four activities of the external environmental analysis process 4 Name and describe the general environment’s six segments Knowledge objectives 5 Identify the five competitive forces
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Business Environment Business environment consists of all the internal and external forces that influence the operating situation of a company. Business environment has a dynamic and complex nature and it impacts greatly the survival and growth of a company. External factor consists of political factors Political factors (Taxation Policy‚ Unemployment Policy etc.)‚ Economical factors (Inflation rate‚ Recession or Boom etc.)‚ Socio-cultural (language‚ values‚ religion‚ beliefs etc. )‚ Technological
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What’s the Difference and Why does it Matter?Based on the research of Dr. Geert Hofstede‚ there are differences between national and organizational cultures. For global companies‚ it is important to understand both in order to impact organizational performance. In a recent ITAP webinar‚ Dr. Geert Hofstede discussed “Integrating Corporate Practices and National Cultural Values.” The topic is highly relevant to organizations operating in a volatile global economic environment. While economic turmoil
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more comfortable. However‚ the result of this is massive damage to our environment and protection becomes harder. This essay will show how people and authorities need to protect properly our planet. Firstly‚ recycling is a very basic but important action that everyone should adopt now. If we do not recycle‚ factories will have to process the raw material and this will result in more heat release into the environment. What is more‚ a very simple way to recycle is to separate our rubbish into metal
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ASSESSMENT FRONT SHEET LONDON SCHOOL OF COMMMERCE AND IT Programme: BTEC Higher National Diploma (HND) in Business Unit Number and Title: 01 and Business Environment Unit Code-: Y/601/0546 Credit Value: 15 QCF Level: 4 Module Tutor: Bhupinder Singh Email: Bhupinder27@gmail.com Date Set: SCOPE OF THE COURSEWORK Learning outcomes and criteria covered by this assignment: • All pass criteria (P1-P12) • All merit descriptors (M1-M3) • All distinction descriptors
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Consumerism and the Effect on the Environment Tammi Bradbury Consumerism and the Effect on the Environment Consumerism is a concept that was created before the Great Depression‚ which‚ by definition‚ means “the concept that an ever-expanding consumption of goods is advantageous to the economy; the fact or practice of an increasing consumption of goods”. In other words‚ consumerism has meant the transformation of citizens into shoppers. In fact‚ after the tragedy of 9/11‚ we were not asked
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THE MANAGEMENT ENVIRONMENT • • • • Explain what the external environment is and why it’s important. Discuss how the external environment affects managers. Define what organizational culture is and explain why it’s important. Describe how organizational culture affects managers. What Is External Environment? External environment is the factors‚ forces‚ situations‚ and events outside the organization that affect its performance. Understanding External Environment What Role Do Demographics
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marketing environment deeply affects the organization’.Discuss this statement‚explaining what is meant by the’marketing environment’ and explaining how it might affect marketing plans and activities with an example. The Marketing Environment The marketing environment refers to all of the internal and external forces that affect a marketer’s ability to create‚ communicate‚ deliver and exchange offerings of value. The factors and forces within the marketing environment can be
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Explain how economic systems attempt to allocate resources effectively PAGEREF _Toc362594893 \h 62.2. Assess the impact of fiscal and monetary policy as it relates to Camelot and their activities PAGEREF _Toc362594894 \h 72.3. Evaluate the impact of competition policy and other regulatory mechanisms in UK on the activities of Camelot PAGEREF _Toc362594895 \h 7III.UNDERSTAND THE BEHAVIOR OF ORGANISATIONS IN THEIR MARKET ENVIORNMENT PAGEREF _Toc362594896 \h 93.1. Explain in context of Camelot how market
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: Shyamila Galappaththi Student ID No. : Not available Module : DMT 101 – Montessori Philosophy & Theory Date of Submission : 11th December 2011 “A child’s different sensibilities enable him to choose‚ from his complex environment‚ what is suitable and necessary for his growth. They make the child sensitive to some things but‚ leave him indifferent to others. When a particular sensitiveness is aroused in a child‚ it is like a light that shines on some objects but not others. Making of them
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