The PESTEL framework is designed to provide managers with an analytical tool to identify different macro-environmental factors that may affect business strategies‚ and to assess how different environmental factors may influence business performance now and in the future. The PESTEL Framework includes six types of important environmental influences: political‚ economic‚ social‚ technological‚ environmental and legal. These factors should not be seen as independent factors. Factors such as
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PLANNING Thinking and looking ahead Process of establishing objectives and appropriate courses of action before taking action Why plan? To be: a. EFFECTIVE – being able to realize the objectives - “doing the right thing” b. EFFICIENT – being able to spend the least amount of resources in realizing the objective - “doing things right” TYPES OF PLANS: 1. Strategic Plan - focused on the entire organization - top management formulates the objectives
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Module 5: Planning for Change: Project planning Module aims This module will help you facilitate stakeholders to work from an understanding of resource management issues to a project design. Specifically‚ it covers how to facilitate a: Solutions tree activity. Participatory impact assessment activity. Discussion of project options. Topics 5.1 Developing a solutions tree 5.2 Assessing social‚ economic and ecological impacts 5.3 Selecting options 5.4 Checklist of project planning
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in this manner: energy is generated in a remote location and pushed to homes and businesses‚ where humans make most of the decisions about what switches are turned on and off. In a typical business setting‚ energy management can be broken down into three (3) components – Management‚ Procedures and Knowledge‚ and the Technology used by the entity. Technology and Equipment‚ through which companies consume energy provided by external sources‚ is controlled and handled by management through company
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Political Framework Bolman and Deal view the political frame of organizations as‚ “roiling arenas‚ hosting ongoing contests of individual and group interests” (p.188). I believe that there are two political issues within our department both revolve around the NCOIC‚ in a negative capacity. The NCOIC is a higher rank‚ it is easy for her to take advantage of her position within the negotiation creating an unfair advantage for her subordinates. This results in the subordinates conforming to her ineffective
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A conceptual framework is a statement of theoretical principles that provides guidance for financial accounting and reporting. (Collins & Hussey‚ 2007). It therefore prescribes the nature‚ function and limits of financial accounting and financial statements. The IASB’s Framework for the preparation and presentation of financial statements sets out the concepts that underlie the preparation and presentation of financial statements that external users are likely to rely on when making economic decisions
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Conceptual Frameworks In chapter 1 some of the sections that mainly stood out to me were the concept of identity‚ dominant and subordinate groups‚ and the concept of privilege. The readings in this chapter took me through several steps as I read. I first thought about identity and how I view myself. Then I thought on how others view me. Identity then led into dominant and subordinate groups. The way I identify myself places me in a dominant or subordinate group
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What matters most to you‚ and why? My open mindedness matters to me most. My experiences as a cross-cultural teen instilled this value in me. I was born in Hong Kong and moved alone to Taiwan to live with my grandmother when I was 12. I struggled to learn the language‚ Mandarin‚ and to live and learn alongside children from a very different culture. I was like some alien from outer space in Taiwan – generating stares but not acceptance. However‚ by being open minded about both my potential
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Suppose your sociology instructor has asked you to do a study of homelessness. Which research technique (survey‚ observation‚ experiment‚ existing sources) would you find the most useful? How would you use that technique to complete your assignment? If my sociology instructor has asked me to do a study of homelessness‚ I will choose the observation research technique because I think this method is the most useful to me. In definition‚ observation means collecting information through direct participation
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The PESTEL framework provides a comprehensive list of influences on the possible success or failure or failure of particular strategies (Johnson‚ Scholes and Whittington 2008). The political environment (Refer Section 1 in Appendix 01) does not favour Fonterra’s operating environment with heavy control over milk powder pricing. Political figureheads at times lead the public to perceive that multinational dairies are working towards destroying the local dairy industry. With the ending of a 26-year
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