1. Identify and discuss each major dimension of the general environment and the task environment. Both the general environment and the task environment are a part of the external environment. The general environment consists of; Economic Dimension‚ Technological Dimension‚ and the Political-Legal Dimension. The Economic Dimension discusses how healthy the economy is that the organization is in. It includes factors like unemployment rates and inflation. The Technological Dimension discusses
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MGC1020 Assignment #1 Which is more difficult to gauge accurately: the general environment or the task environment? Why is it important for a manager to make a clear assessment of these environments? The general environment and task environment are the two components that make up an organisations external environment. The external environment of an organisation includes influential elements that both directly and indirectly shape and impact its future‚ and as of late‚ has developed into
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UNDERSTANDING STRATEGIC MANAGEMENT CHAPTER 2: The General Environment The external environment facing the organization consists of both: a. A general environment‚ often referred to as the macro-environment because changes that occur here will have an effect that transcends firms and specific industries. b. A competitive environment‚ consists of the industry and markets in which an organization competes. In order to scan and monitor their environment‚ firms require tools of analysis that will
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The forces within the general environment‚ including politico legal‚ economic‚ technological‚ socio cultural and international forces‚ have a broad general impact on the organization. Although these forces do not always have a direct influence on the organization’s daily activities‚ they are important for several reasons. First‚ forces in the general environment can evolve into significant trends with far-reaching effects. A good example is the increasing interest in protecting natural resources
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Analyzing the General Environment Select three categories to analyze‚ from the list of the major forces that comprise the macro/general environment. Macro environment are external factors that have a direct impact on the organizations strategy and decision making. Those factors are uncontrollable. For example‚ some of those factors are: change in interest rates‚ change in cultural tastes‚ government regulations‚ social condition‚ technological changes‚ and natural forces. Those factors are usually
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III. External Environment C. Task Environment 1. Gluten free options need to be added (O) The market for gluten free is expected to top $2.6 billion and grow every year through 2015. There is a derived health benefit to gluten free food‚ as many people believe. The Cheesecake Factory and its staff needs to be trained on the importance of preparing gluten free products and develop specific items that can be safely suggested to the guests who desire or need gluten free products. There is an opportunity
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The analysis of PARKnSHOP’s task environment PARKnSHOP is the leading supermarket chain in Hong Kong‚ with an unrivalled reputation for giving customers outstanding value for money‚ the higest quality in fresh food‚ an unmatched range‚ and world-class service. Our supermarket mainly target at resident population‚ especially resident families in the city. They have stable job and stable income. Customers include the old‚ housewives‚ young people‚ office worker. Our supermarket mainly sell
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Culture is the influence on the individual’s personality that happens from the surroundings like nature‚ religion‚ region‚ etc. Culture influence’s individuals so they behave in certain ways that fits their life‚ therefore people interact with each other; they have phases that coordinate their way of networking. In order to connect‚ communicate and get along with other cultures there must be an understanding between the two. However‚ when Assan Motors Company expanded and opened a new plant in the
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EXTERNAL General Environment Analysis The general environment is composed of dimensions in the broader society that influence an industry and the firms within it. For Nike is extremely valuable to analyze general environment factors that affect that affect us because through that we be able to find solutions to those problems. General environment is described as all the conditions outside the organization and the industry that form a background context for the managerial decision making. This
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Task environment analysis of Parknshop Who are the main customers? How is their purchase behavior? Most customers are home buyers. They can shop groceries‚ dairy product‚ sanitary goods‚ personal care and so on. Parknshop offers one- stop shopping experience to cover daily household needs. Customers expect best- of- class service and top quality products. With the vision to become leading retail stores‚ this concept is implemented into every aspect of Parknshop strategic decisions like store
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