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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External Analysis 1. PESTLE Factors Political and Legal· Government has high work efficiency‚ justice and transparency.· Company or individual have low tax rate easy to calculate.· Government supports the development of industry and commerce. | Economic·Hong Kong is the world’s 11th trading powers and 2nd stock market in Asia.·One of the most free trade port and open investment policy. It is the only one RMB offshore market.·Over-estimation of the number of visitors.·Loss $46 million in the
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within a living cell is the plasma membrane. • Hypotonic : ➢ Having a lesser osmotic pressure in a fluid compared to another fluid‚ as in a ‘hypotonic solution’ – compare: hypertonic and isotonic • Hypertonic: ➢ Having a higher osmotic pressure in a fluid relative to another fluid. • Isotonic: ➢ Having the same (or equal) osmotic pressure and same water potential since the two solutions have an equal concentration of water molecules.
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The External Environment All outside factors that may affect an organization make up the external environment. The external environment is divided into two parts: ● ● Directly interactive: This environment has an immediate and firsthand impact upon the organization. A new competitor entering the market is an example. Indirectly interactive: This environment has a secondary and more distant effect upon the organization. New legislation taking effect may have a great impact. For example‚ complying
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The External Environment affects the internal operations of all businesses. What’s happening in the world of politics‚ economics‚ socially and technologically impacts how a business has to act in order to survive. External elements that affect the inner working of a business are known as PEST factors. ‘PEST’ is an acronym for Political‚ Economic‚ Social and Technological. Politics may affect the ability of a business to achieve its aims and objectives and changes in laws may mean a company has
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External environment External Factors (environment) - It is the external forces that are beyond the control of the individual business A number of external factors can affect business (STEEPLE analysis) - economy - These are factors outside the business - political/government policy that may affect its - social decisions. - External factors that - technological may present opportunities - ecological or threats to - legal a business - ethics Economy – business need to observe the economic
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ACD/3/001 |1.Objective / Goal |Focus will be on concepts‚ models‚ tools‚ and skills that are essential for strategic management. | | |A key objective of the course is to provide a setting that facilitates the development and refinement of the | | |knowledge and skills that are necessary for managers in today’s fast moving‚ unpredictable‚ and highly competitive| | |business
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They have been expressed in several different ways over nearly three centuries‚ and can be summarized as follows: 1- The first law states that an object continues in its state of rest or uniform motion in a straight line unless compelled by an external unbalanced force. Since law defines inertia‚ it is also known as the law of inertia. 2- The second law states that the rate of change of momentum of an object is proportional to the frce applied and moves in the direction of force. 3- The
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Serena Proeung English 111 Professor Holder Blood Pressure Have you had your blood pressure taken recently? If you see your doctor for your yearly checkup‚ you would notice that the first thing they would do is check your vitals. Taking your blood pressure is one of the first steps when taking your vitals. Blood pressure refers to the force of blood pushing against artery walls as it courses through the body .Although many of you may not think that pressure of the blood system is not such a fascinating
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External communication Communication with people outside the company is called “external communication”. Supervisors communicate with sources outside the organization‚ such as vendors and customers. External communication comprehends all information developed by the company‚ which is related to its activity that is released in the press‚ for public knowledge. Such information is crucial in order to promote the company’s image. External Communication is used for: 1. Through ensuring the information
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