business people I’ve met over the past 25 years do one thing in common – and they do it extraordinarily well. They monitor their business environment to predict future market trends. They analyse external forces‚ such as their competitive environment‚ economic conditions‚ technological possibilities‚ political and legal forces‚ changes in demographics‚ seasonal factors‚ as well as shifts in social behaviour”. Basically they engage their crystal ball and they do it much better than most. Needless to
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The Marketing Environment Environmental Variables There are two categories of variables in the marketing environment that shall shape all aspects of a company’s strategic plans: 1. Macro environmental category includes: demographic; economic; social-cultural; competitive; political-legal; and technology variables. 2. Microenvironmental category includes: the company itself; customer served by the company; suppliers; distributors; market intermediaries that assist in making and marketing
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PREDICTION ABOUT FUTURE CHANGES IN THE LEARNING ENVIRONMENT AND ITS IMPACT ON THE SOCIETY Introduction The rapid changes and increased complexity of today’s world present new challenges and put new demands on our education system. There has been generally a growing awareness of the necessity to change and improve the preparation of students for productive functioning in the continually changing and highly demanding environment. In confronting this challenge it is necessary to consider the complexity
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The most apparent environmental issue we literally see everyday is the problem on solid waste management. Obviously‚ we can see piles of garbage around every corner of the streets; litters are scattered almost everywhere from your very own house‚ as you ride the jeep‚ and even until you reach the university. Now‚ you see what i mean? Unfortunately‚ improper solid waste management is one of the causes why we are suffering from different natural catastrophes such as rampant flooding and dying rivers
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Effects of the Industrial Revolution Working conditions What were the working conditions like during the Industrial Revolution? Well‚ for starters‚ the working class—who made up 80% of society—had little or no bargaining power with their new employers. Since population was increasing in Great Britain at the same time that landowners were enclosing common village lands‚ people from the countryside flocked to the towns and the new factories to get work. This resulted in a very high unemployment
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Introduction The constantly emerging FDI behaviour of MNE represents the new development mode in the global economy.Whether the institutional factors have a significant impact on MNEs ’ governance remains to be discussed.With the large FDI behaviours‚vast majority of capital‚ resources as well as labour circulate between developing countries and developed countries.On one side‚developing countries try to set up preferential policies to attract inward FDI;On the other side‚developed countries would
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1. What is the difference between micro and macro economics? Give an example of a microeconomic phenomenon and an example of a macroeconomic one. Microeconomics is the study of how an individual‚ group or a company makes their decisions while macroeconomics is the study of how decisions are made on a whole‚ which involves growth‚ inflation‚ use of country resources and unemployment; focusing on broad issues. Microeconomics and macroeconomics goes hand in hand‚ they compliment each other. The decisions
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3.1 discuss the factors that can impact on an individual’s quality of life (1000) Quality of life is a personal opinion as what one person feels is an adequate standard of living may be greatly different to another persons. As quality of life doesn’t just refer to the physical but to psychological factors affecting people this again is another reason why quality of life cannot be measured. This is due to the fact that differing emotional states of mind will allow one person to deal with issues more
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The Marketing Environment The environment forces that affect the company’s ability to serve its customers 1. External Environment 2. Internal Environment External Environment Macro Environment: consist of larger societal forces that affect the entire microenvironment. The six forces making up the company’s microenvironment Demographic Economic Natural Technological Political Cultural Forces Demographic is the study of the characteristics of human populations.
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Positive and Negative impacts of tourism across a wide range of environments Introduction Many definitions explain tourism from different scholars to suit the purposes of respective writers. In this case‚ the following definition of tourism will be of use. Tourism is ‘the activities of people traveling to as well as staying in places particularly outside their respective usual environment for at least not more than one year consecutively for leisure or business and any other purposes (Johnston
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