1. Perform a STEEP analysis to understand the general environment facing Great Lakes. How will Great Lakes be affected by external factors? 2. Use Porter’s Five Forces Model to analyze the lead additives industry in the US. Given this analysis‚ is the industry attractive or unattractive? 3. Using the 3I’s framework determine Great Lakes’ immediate‚ impending and invisible competitors. How does Great Lakes measure up against these competitors? 4. What are the main capabilities
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customers often do ( Authors research) Chart 3.2.2: kind of transaction customers often do 3.3 Customers’ satisfaction: 3.3.1 Procedure of opening account: Frequency percentage Cumulative frequency 1. Extremely complicated 1 1 1 2.Complicated 32 32 33 3.Fair 55 55 88 4.Simple 10 10 98 5.Extremely simple 2 2 100 Table 3.3.1: Customers’ assessment about procedure (Authors
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The impact of business environment in today’s business Business‚ now-a-days is vitally affected by the economic‚ social‚ legal‚ technological and political factors. These factors collectively form business environment. Business environment‚ as such‚ is the total of all external forces‚ which affect the organisation and operations of today’s business. The environment of an organisation has got internal‚ operational and general levels‚ managers must be aware of these three environmental levels and
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Schools have policies which ensure equality and diversity in work. This polices playing important role in everyday in school and classroom. The right of all children and young people are stated in the United Nations Convention on the rights of the child 1989. So since 1991 the right of the children in UK are protected by low. There are much relevant legislations which are used for school policies and procedures relating to equal opportunity and inclusive practice. Disability Discrimination Act
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Globalization Globalization is an ongoing process of integration and interaction amongst companies‚ governments and people. It is driven by invention of new technologies and forms of communications‚ international trade and investment. In addition to economic aspects‚ globalization plays an important part in other fields. It can also be defined as the integration of economic‚ cultural‚ political‚ ecological and social systems through internationalization and interconnectedness. Globalization
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action can affect BA’s operation can be stakeholders of British Airways. Stake holder can be either internal or external. Internal stakeholders: are those who are involved with business internally for example owners‚ shareholders‚ managers and employees. External Stakeholders: are those who are involved in business externally for example customers‚ suppliers‚ local community and government. Owner: Since BA is public Limited Company so it belongs to its share holders. More control goes to
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SHC33 PROMOTE EQUALITY AND INCLUSION IN HEALTH‚ SOCIAL CARE OR CHILDREN AND YOUNG PEOPLE’S SETTING 1. Explain what is meant by Diversity The concept of diversity is not complex‚ but can be multifaceted in its variations. Diversity is based on different variations of a range of things. Diversity means‚ in the context of society‚ having a mixed community of people from all walks of life. This incorporates a diverse community of different cultures‚ religions‚ political groups. Diversity is not subjective
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1.1 Explain why different communication methods are used in the business environment. Different communication methods succeed in putting across the right message in a clear‚ unambiguous way that gets noticed by the target audience‚ whilst also saving on time and cost. Two main types of communica- -tion methods used- verbal and written. The best medium will be chosen according to the situation. For example: face to face or telephone methods will be used if any wards need delivery of some equipment
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communications within the business for various reasons. Spread sheet – This is used to calculate‚ store‚ sort and display information. This can be either presented electronically in Microsoft Excel or in books and single sheets. Slide Show – This is normally a Microsoft PowerPoint document and is used for demonstration purposes. There are in electronic format but can be printed out in hand-outs if needed. Memo – This is short note or reminder to someone else within the business. They can be printed
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The Business Environment Name: College: Date: The Business Environment The role of business in the economy A business is an economic system which provides goods and services with the aim of generating revenue. The notion of a possibility of being able to earn a profit itself offers incentive for starting ones own businesses. For growth and development to be achieved in any given economy‚ the government must strive to ensure that the environment is conducive which induces investments and while
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