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
Free Economics Macroeconomics
Physical Distribution Management Part of logistics management‚ physical distribution is concerned with the transporting of merchandise‚ raw materials‚ or by-products‚ such as hazardous waste‚ from the source to the customer. A manager of physical distribution must also assess and control the cost of transporting these goods and materials‚ as well as to determine the most efficient way to store them‚ which usually involves some form of warehousing. Hence‚ physical distribution (PD) is concerned with inventory
Premium Inventory Warehouse Small business
Chapter 4 The External Environment The Environmental Domain Organization Environment is composed of all elements that exist outside the boundary of the organization that have the potential to affect all or part of the organization. Its domain is the chosen field of action. The environment comprises several sectors or subdivisions of the environment that contain similar elements (ie. industry‚ raw materials‚ human resources‚ market‚ technology‚ financial resources‚ economic conditions‚ government
Premium Environment Natural environment Organization
and social trends. One technique used by organizations to monitor the environment is known as environmental scanning. It allows marketers to understand the current state of the environment‚ so that the organization can predict trends. The Macro Environment There are a number of common approaches for how the external factors‚ which describe the macro environment‚ can be identified and examined. These factors indirectly affect the organization but cannot be controlled by it. One approach is the
Premium SWOT analysis PEST analysis Environment
Business Environment Business environment consists of all the internal and external forces that influence the operating situation of a company. Business environment has a dynamic and complex nature and it impacts greatly the survival and growth of a company. External factor consists of political factors Political factors (Taxation Policy‚ Unemployment Policy etc.)‚ Economical factors (Inflation rate‚ Recession or Boom etc.)‚ Socio-cultural (language‚ values‚ religion‚ beliefs etc. )‚ Technological
Premium Inflation Economics Planned economy
tradition‚" according to the citation for the award. Mo‚ 57‚ whose real name is Guan Moye‚ is the first Chinese writer to win the honor‚ which also comes with a financial award of 8 million Swedish krona‚ or $1.2 million. "I grew up in an environment immersed with folk culture‚ which inevitably come into my novels when I pick up a pen to write. This has definitely affected - even decided - my works’ artistic style‚" Mo told a group of reporters at a hotel in his hometown of Gaomi‚ in Shandong
Premium Nobel Prize Writing
a part of privatization of public utilities/companies‚ Vietcombank suffers the massive pressure on the system; there is both commercial and political pressure to create a profitable and efficient public utilities system. The affects of economic‚ social and global environment are also important the operation of privatization of public utilities/company. In Vietnam‚ there is a specific type of economics systems which depends on economic development situation of Vietnam. In addition‚ Vietnam also
Premium Macroeconomics Monetary policy Economics
evaluate the environment not only prior to the start-up of their business but also during the growth stage of ventures. The environment means the situation where the company business ventures operate. As we know‚ ventures environment can be divided into two sections that are External environment and Internal environment. And the external environment also divided into two parts‚ which are Macro environment and Micro environment. But in this section‚ I just discuss about Macro environment. The elements
Premium Macroeconomics Economics Technology
CHAPTER 3 The Competitive Environment Learning Objectives Upon completing this chapter‚ you should be able to: Identify the structural characteristics of the environment faced by the firm and how these drivers influence both competition and value creation Choose the appropriate level of specificity in environmental analysis‚ depending on the locus of the decision-making group Predict how changes occurring in the environment might influence future competition and value creation Incorporate understanding
Free Natural environment Environment Environmentalism
Physical Science I have learned from my twenty years of service in the U.S. Air Force‚ significant background knowledge of the history of the space shuttle. In September 1969‚ two months after the first manned lunar landing‚ a Space Task Group appointed by the President of the United States to study the future course of U.S. space research and exploration made the recommendation that "…the United States accept the basic goal of a balanced manned and unmanned space program. To achieve this goal‚
Premium Space Shuttle Rocket International Space Station