BUSINESS ENVIRONMENT | |After discussing the meaning of business environment‚ now we will discuss the various components of business environment. The various components of business environment are- [pic]External environment consists of those factors that affect a business enterprise from outside. External environment includes shareholders‚ competitors‚ customers‚ society‚ government laws and regulations‚ policies and technology. External environment is generally classified into micro environment and
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Hong Kong’s Economic and Political Environment Hong Kong’s retrocession in the summer of 1997 was an event long prepared for‚ and built up to‚ in the minds of the territory’s citizens and residents. A significant number of the educated applied for overseas passports and left for more politically and economically stable environments in which to live and work; the "Brain Drain" was a significant problem for Hong Kong from 1984. Return to Chinese rule brought a promise from China that Hong Kong
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<center><b><I>Why did the General Strike of 1926 fail and what were the effects the strike had upon industrial relations in Britain?</center></b></I><br><br>The General Strike of 1926 lasted only nine days and directly involved around 1.8 million workers. It was the short but ultimate outbreak of a much longer conflict in the mining industry‚ which lasted from the privatisation of the mines after the First World War until their renewed nationalisation after the Second. The roots of the General Strike in Britain
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MARKETING ENVIRONMENT The aim of this lecture is: • To describe important role of Marketing Environment. • To differentiate between Macro and Micro Environments. • To assess the impact of Marketing Environment on Marketing Practices. • To describe various method/Model of Marketing Environment Scanning. Background Information Marketing cannot be practiced in a vacuum; as a business function is affected by various factors or elements within the business environments. According to Lancaster
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MAIN DIFFERENCES BETWEEN A ROMANO-GERMANIC LEGAL ENVIRONMENT AND A COMMON LAW ENVIRONMENT In order for us to understand the difference between a ROMANO-GERMAN legal environment and a COMMON LAW environment‚ it is important for us to examine each system separately and then to present the main differences of the two legal systems. ROMANO-GERMANIC LAW (CIVIL LAW) Civil law is the main legal system used in the world today. It originates from the Roman law and is based on written legal codes
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General Electric Under Jack Welch John Francis Welch‚ Jr.‚ also known as “Jack”‚ became the CEO of General Electric in 1981 and maintained this title for the next 20 years until his retirement in 2001. He was widely known as a “national business hero” because he had a different approach on management that provided increasing results. For this very reason‚ many also despised his tactics. He was very aggressive in cutting out the weak‚ because he believed that it was holding back the company. One
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Marketing Environment Analysis An underlying assumption of the introduction to marketing course is that students learn best and retain more when they actively apply and work with the concepts presented in the course materials rather than simply read about them. Therefore‚ the purpose of this assignment is to apply concepts and knowledge learned in class to real situations to enhance your understanding. A marketing environment analysis is an examination of the major external forces and trends that
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Macro environment is the external and uncontrollable factors that influence a company’s or product’s development. Billabong must know the value of each of the macro environment factors; such as‚ economic‚ demographics ‚ and lifestyle‚ technology and natural forces. Before companies‚ or in our case Billabong‚ produce a new products‚ they should study each macro environment force carefully. Each force have its effects on the market. Economic forces affect the consumer buying power and spending
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1. Distinguish between internal control in a CIS environment and in non-CIS environment. A CIS environment exists when a computer of any type or size is involved in the processing by the entity of financial information of significance to the audit; whether that computer is operated by the entity or by a third party. Many of the control procedures used in manual processing also apply in a CIS environment. Examples of such control procedures include authorization of transaction‚ proper segregation
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MICRO ENVIRONMENT/ INDUSTRY ANALYSIS The environment which is close to business and affects its capacity to work is called micro or operational environment. Industry is a group of companies which offer same or similar product or services. These products and services are close substitutes of each other. It consists of: 1 Suppliers Supplier are the people who supply raw materials and required components to the companies. Increasing prices and reducing the quality of their products are potential
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