part-time job - the different types of resources that businesses use to perform effectively. These resources come from four different areas: human‚ physical‚ technological and financial. Human resources are anything that relates to people in the business - for example‚ staff and managers. Physical resources are those that are physically used by the business - for example‚ land‚ raw materials‚ buildings or equipment. Technological resources are those that make use of technology - for example‚ computers
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MARKETING ENVIRONMENT The aim of this lecture is: • To describe important role of Marketing Environment. • To differentiate between Macro and Micro Environments. • To assess the impact of Marketing Environment on Marketing Practices. • To describe various method/Model of Marketing Environment Scanning. Background Information Marketing cannot be practiced in a vacuum; as a business function is affected by various factors or elements within the business environments. According to Lancaster
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RESOURCE ALLOCATION Resource allocation refers to the distribution of resources‚ and in particular finance‚ from the centre to peripheral levels. It generally concerns broad levels of aggregated financial resources. Budgeting implies the more detailed determination of precisely how these funds are to be used. Given the importance we have placed on planning as a process that leads to action‚ budgeting and resource allocation are major planning instruments. Basis for Resource Allocation * Public
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MICRO ENVIRONMENT/ INDUSTRY ANALYSIS The environment which is close to business and affects its capacity to work is called micro or operational environment. Industry is a group of companies which offer same or similar product or services. These products and services are close substitutes of each other. It consists of: 1 Suppliers Supplier are the people who supply raw materials and required components to the companies. Increasing prices and reducing the quality of their products are potential means
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large corporation. B. The MASCOT and business environment 1. The MASCOT- A Denmark’s company 1.1. The MASCOT’s business purposes Content: Identify the purposes of different types of organisation similar with and/or subsidiaries of Mascot. 1.2. The MASCOT’s stakeholders Content: Describe the extent to which MASCOT meets the objectives of different stakeholders. 1.3. The MASCOT’s responsibilites as a business Content: Explain the responsibilities of MASCOT and strategies employed
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The Macro-environment The macro-environment includes concepts such as demography‚ economy‚ natural forces‚ technology‚ politics‚ and culture. Demography refers to studying human populations in terms of size‚ density‚ location‚ age‚ gender‚ race‚ and occupation. This helps to divide the population into market segments which can be beneficial to a marketer in deciding how to tailor their marketing plan to attract that demographic. The economic environment refers to the purchasing power of
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that we should recycle‚ be aware of deforestation‚ and diminish water use. One way of keeping the planet healthy is through recycling. We use countless resources every day without so much as a second thought to how the waste product effects our environment or how we might change it. Almost everything that is consumed can be recycled in some form or another whether it’s the fuel we use to run our lives or the containers we use to contain it. With every passing year new technologies to conserve Mother
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The impact of societal change on family structures‚ functions and resources has become evident through‚ the acceptance of‚ same sex marriages/couples‚ sole parent‚ extended‚ foster‚ nuclear and defacto families‚ physical‚ economic‚ emotional‚ social‚ cultural‚ moral‚ spiritual‚ religious and adaptive lifestyles. Statistics from around the world are showing the changing views and perspectives on various roles in the family. It wasn’t long ago in Australia‚ that births outside of marriage were
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traditional roles that Human Resource Management plays in an organisation and describe how changes in global economies have added new responsibilities. Discuss these in the context of the South African working environment. 1.1 - Traditional Roles that an HRM plays in an organisation Introduction: The job of HR‚ as is the job of all such departments‚ is to ensure that the business gets the most out of its employees. Another way to put this is that the human resource management needs to provide
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Unit 1 BUSINESS ENVIRONMENT ASSIGNMENT 1 External Factors Effecting Business Strategy prepared by: Raed F. Banna DATE: 18/NOV/2018 Contents Page 1- Introduction to business environment.......................................................................... ..3 2- Assignment introduction
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