this essay‚ firstly‚ we analyze two types of environments the Nestle company deals with. Then‚ its environmental uncertainty and how to manage the environmental uncertainty are stated. Lastly‚ adaptive and non-adaptive cultures about Nestle company are discussed. Two types of environments External Environment The external environment comprises of two environments‚ the Mega and Task environments. The Mega environment is the general external environment in which organizations operate and exerts
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2: THE MANAGEMENT ENVIRONMENT • • • • Explain what the external environment is and why it’s important. Discuss how the external environment affects managers. Define what organizational culture is and explain why it’s important. Describe how organizational culture affects managers. What Is External Environment? External environment is the factors‚ forces‚ situations‚ and events outside the organization that affect its performance. Understanding External Environment What Role Do
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Environment scanning attempts to provide management with accurate forecasts of trends that relate to external changes in geographic areas where the firm is currently doing business or considering setting up operations. These changes relate to environmental factors that can affect the company and include the industry or market‚ technology‚ regulatory‚ economic‚ social‚ and political aspects. In this case‚ a Canadian manufacturing firm wants to do business in Poland and do the environment scanning
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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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is at max point Managers take production right up to the point where TC=TR; if they can [2] Oligopolies can benefit most from going past the profit maximising output because it gives them a market share advantage over their competition. The economic climate can affect managers’ ability to deploy this tactic. If a recession is on the cards then shareholders will be anxious and keeping them and profits high will be a priority to which managers must abide to keep their position. The Downsides:
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- Financial flows Deregulation of financial markets (less rules and regulations in currency markets and foreign investment) led to a rapid increase in FDI and portfolio investment. Investment makes economies more integrated as economic changes in one country influence others (CONTAGION e.g. negative effects such as the GFC and the EDC or positive effects such as new technology and booming economies). The main benefits are that it enables countries to finance their domestic economy even if domestic
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The deterioration of the environment The deterioration of the environment is one of the most serious problems now and although many groups and associations have tried to preserve planet green‚ pollution continues to affect many parts of the world‚ especially in industrialized countries. The main cause of deterioration is due mainly to the growth of cities and industry development. In recent years‚ both governments and environmental organizations and scientists seeking solutions to limit human
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exchange rate is said to overshoot when its immediate response to a disturbance is greater than its long-run response. Exchange rate overshooting is an important phenomenon because it helps explain why exchange rates move so sharply from day to day. The economic explanation of overshooting comes from the interest parity condition. Question 4 (a) Using the AA/DD framework‚ explain the separate effects of a temporary monetary expansion and a temporary fiscal expansion on the exchange rate‚ output and
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societies with‚ and impact upon the environment. The need for environmental management can be viewed from a variety of perspectives. A more common philosophy and impetus behind environmental management is the concept of carrying capacity which refers to the maximum number of organisms a particular resource can sustain. Environmental management is therefore not the conservation of the environment solely for the sake of environment‚ but rather the conservation of the environment for the sake of mankind.
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Macro Environment The larger societal forces that affect the microenvironment- demographic‚ economic‚natural‚ technological‚ political‚ and cultural forces. These factors represent constraints within which all organizations including the automobile industry must function. Macro Environment For any decision there is n number of factors which influences the decision. Be it a decision related to any organisation‚ any business concern or even an individual. Thus it is per se very much necessary
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