The external environmental factors affecting the organized retail industry in india are as follows: • Demographical Environment – The important environmental factor that need proper and continuous monitoring called Demographical Environment. Demography is the study of population and its characteristics. Even India has over millions of retail outlet‚ it still has a long way to go with the international standard of retail industry • Cultural Environment – they influence the consumer’s beliefs‚
Premium Business Environment Natural environment
External and Internal Factors Affecting General Electric Management: Theory‚ Practice‚ and Application External and Internal Factors Affecting General Electric We will use General Electric‚ also known as GE‚ to illustrate how internal and external factors affect the four functions of management. We will explain how globalization‚ technology‚ innovation‚ diversity‚ and ethics affect the four functions. We will also explain how delegation can be used to manage the different factors. General
Premium Management
Chairman Y C Deveshwar calls this source of inspiration "a commitment beyond the market". In his own words: "ITC believes that its aspiration to create enduring value for the nation provides the motive force to sustain growing shareholder value. ITC practices this philosophy by not only driving each of its businesses towards international competitiveness but by also consciously contributing to enhancing the competitiveness of the larger value chain of which it is a part." ITC’s diversified status originates
Premium Strategic management Corporation Harvard Business School
Dell SWOT analysis 2013 | Strengths | Weaknesses | 1. Brand name valued at $7.5 billion 2. Product customization 3. Environmental record 4. Competency in mergers and acquisitions 5. Direct selling business model | 1. Commodity (computer hardware) products 2. Poor customer services 3. Low investments in R&D 4. Weak patents portfolio 5. Too few retail locations 6. Low differentiation | | Opportunities | Threats | 1. Expand services and enterprise solutions
Premium Sales Marketing Customer service
4 EXTERNAL FACTORS THAT AFFECT HUMAN RESOURCE MANAGEMENT Government Regulations – With the introduction of new workplace compliance standards your human resources department is constantly under pressure to stay within the law. These types of regulations influence every process of the HR department‚ including hiring‚ training‚ compensation‚ termination‚ and much more. Without adhering to such regulations a company can be fined extensively which if it was bad enough could cause the company to shut
Premium Human resources Human resource management Job interview
EXTERNAL ENVIRONMENTAL FACTORS There are 7 external environmental factors. They are political‚ economic‚ sociocultural‚ technology‚ customers‚ competitors and suppliers. Each of these factors have a great impact to an organization. They offer both opportunities and treats to organization. POLITICAL factors refer to the relationship between a business and a government. Every organization must spend a great time and money to meet with governmental regulation. ECONOMIC factors refer to the conditions
Premium Management Organizational structure Quality management
Cover pg 1 Symposium on “Best HR Practices in India” April 16th & 17th 2012‚ HPCL Management Development Institute‚ Nigdi‚ Pune Organized By Training & Balanced Scorecard Department‚ HPCL Symposium Director : Mr. Ashis Sen‚ DGM-Training & Balanced Scorecard‚ HPCL inside pg 1 Business growth is no longer unidirectional. It has become multi-polar and is growing simultaneously along many paradigms. This has caused intricate complexities in the field of business which rules out
Premium Management
External/Internal Factors When analyzing a company it is important to understand what the internal and external factors of the company are and how those factors are affecting the four functions of management. The four functions of management are planning‚ organizing‚ leading‚ and controlling. Internal factors affect what happens within the company and external factors are the outside environment that affects the company. Through strategic planning the company can build on its strengths
Premium Management Coca-Cola Diet Coke
External Environment When most people think of Human Resource Planning‚ the first thing that usually comes to mind is the internal environment of the organization. There is‚ however; the external environment which is just as important. The external environment consists of governmental policies‚ condition of the economy‚ demographics‚ technology‚ international influences‚ competitors‚ and a changing labor force (Greer‚ Peters & Youngblood‚ 1998). Neglecting the external environment can have devastating
Premium Human resources Human resource management Policy
External/Internal Factors Paper External/Internal Factors Paper Walmart is the low price leader. Walmart is the low price leader in America and across the globe. Walmart’s managers have had to plan‚ organize‚ lead‚ and control to accomplish this goal. Walmart is one of the most competitive retail stores in the world. The one thing that this chain has done so much better than the others is cost competiveness. “Walmart’s efforts are aimed at cost competiveness‚ which means keeping costs
Premium Management Wal-Mart Discount store