government taking control of a company or industry. Infrastructure The basic physical systems of a business or nation. Transportation‚ communication‚ sewage‚ water and electric systems are all examples of infrastructure. Privatisation The transfer of ownership of property or businesses from a government to a privately owned entity. 4b) Now briefly describe the two different economic environments you have chosen and explain the effects that the two environments would have/did have on your organisation
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External Business Environments The external environment of a business converts inputs into outputs in order to make profits. However‚ the business does not exist in an empty space‚ but rather in an external environment consisting of varying factors outside the business. Factors that affect the external environment of a business include the economic system‚ the social system‚ the political system‚ the technological system‚ and the ecological system. The economic system deals with the organization
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MICRO ENVIRONMENT includes the following factors. 1.SUPPLIERS : Suppliers are those people who are responsible for supplying necessary inputs to the organization and ensure the smooth flow of production. 2.COMPETITORS : Competitors can be called the close rivals and in order to survive the competition one has to keep a close look in the market and formulate its policies and strategies as such to face the competition. 3.MARKETING INTERMEDIARIES : Marketing intermediaries aid the company in promoting
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What Is Macro Environment? The major external and uncontrollable factors that influence an organization’s decision making‚ and affect its performance strategies. These factor includes the economic factors; demographics; legal; political‚ and social conditions; technological changes; and natural forces. Macro environment factors are beyond the control of an organization. This is because those factors are positioned outside the organizational system. Those forces are the prime factors in corporate
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is still the largest mobile phone company in the world‚ but its long-term dominance is now challenged more than ever. Observers have begun asking whether the cutting edge that has turned Nokia into the number 1 vendor still exists. This report gives an overview on what is happening on Nokia. It includes the history‚ and a brief introduction to Nokia followed by the company organization. Half way through the report you can find information about Nokia’s marketing mix‚ market share and sales. At the
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the components of any organization’s macro environment and give an example for each component of a current major operational change or industry trend”. Macro Environment: The factors outside of the industry that influence the survival of the company; these factors are not directly controllable by the organisation. (Elliot‚ Rundle-Thiele‚ Walker‚ p.48) Components of the Marco Environment: There are six (6) major components of which the macro-environment is made up of; 1. Demographic 2. Economic
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JSB Market Research: Sudan Fixed Telecommunications: Low Penetration Rates Get a Boost from Broadband Internet and VoIP Services On 2nd July 2014 Summary ’Sudan Fixed Telecommunications: Low Penetration Rates Get a Boost from Broadband Internet and VoIP Services‚’ a new Country Intelligence Report by Pyramid Research‚ offers a precise‚ incisive profile of Sudan’s fixed telecommunications market based on comprehensive proprietary data and insights from our research in the Sudanese market
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MARKETING MANAGEMENT ACADEMIC REPORT ON NIKE INDIA LIMITED COMPANY. | Submitted to: Ms. Manisha Presented by: - BABITCHE Jessica. * DAGO Marc-Emmanuel. * POLNEAU Henry-Joel. Registration number: BLR1208032028. TABLE OF CONTENTS | 1- EXECTIVE SUMMARY 2- INTRODUCTION 3- AIM OF THE STUDY 4- COMPANY PROFILE 5- SWOT ANALYSIS OF NIKE INDIA 6- PESTEL ANALYSIS OF NIKE INDIA 7- PORTER’S FIVE FORCES 8- UNIQUE VALUE PROPOSITION
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Tesco Company Review Tesco is an international distribution based primarily in the UK‚ in Ireland and Asia. Its capitalization is 34.84 billion at 11 July 2008 and its turnover is 80 billion Euros in 2008. Tesco is British distribution group and 3rd World Group. Its activity revolves around three areas: distribution in the UK‚ international distribution and financial services. (Pagano‚ Margareta‚ 16 May 1987). The Macro Business Environment of Tesco Group The Macro-Environment consists
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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 allow
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