the contract will be called a "breach" of the contract. Contract breaches have wide ranging consequences both legal and practical to the parties to the contract. This article will address the various effects that contract breaches will have on businesses. Some of them are set out below:- (a) Injury to reputation - It is not good for a business’ reputation if word gets out that they have not honored their part of the contract. Other companies will be reluctant to do business with an entity which
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The STEEPLE analysis is a tool that can be used by management of companies to develop an understanding of the market environment and industry conditions. The analysis can provide management with important information of external factors when preparing the marketing strategy. Below I have provided a STEEPLE analysis for the Royal Bank of Scotland and steps that the company can take and are planning in the next 12 months to address theses external factors within the banking industry. Factors
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It has been observed that numerous economies and businesses have shifted imperatively and have transformed themselves into this contemporary era. There are certain micro as well as macro factors that influence these economies in both optimistic and undesirable ways and for this purpose‚ macro factors affecting the economy of the UK with the use of STEEPLE analysis are demonstrated. It can be said that the UK was recognised as one of the strongest as well as largest economies within the European Union
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A businesses success is determined by many factors‚ such as profits gained‚ customer satisfaction‚ employee satisfaction‚ and owner satisfaction. These successes are usually the output result of effective co-operation in the workplace. However‚ there is a certain barrier that hinders the process of good co-operation‚ they are known as “resistance to change.” There are two types of resistance in organizations‚ these are known as functional resistance and dysfunctional resistance. Functional resistance
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BKristen Gershkoff Mr. Zabel Ecology 1 October 2012 How Abiotic Factors Affect the Biota The variation of abiotic factors in both the beach and the salt pond greatly affect the biota in those areas. At the beach there was a rocky landscape that rounded the water‚ while at the salt pond‚ there was more of a wet grassy area allowing different life forms or biota to thrive in each. Also‚ physical factors such as temperature‚ salinity‚ or dissolved oxygen levels allow for different life forms to
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) Building Maintenance and Engineering: • Leading the day to day engineering and maintenance operations of the property including service standards‚ equipment schedules and work schedules • Liaising with Government agencies and external contractors or service providers to ensure full compliance with statutory regulations and audits. • Monitoring Key Performance Indicators for the Building Department and taking corrective action as required – equipment inventory‚ quality audit‚ productivity‚ etc
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STEEPLE and Balance Scorecard Kevin Jackson MKT 598 April 27‚ 2014 Anthony Bretti‚ Instructor When a firm uses an external consultant to solve a problem or evaluate an opportunity the consultant can use STEEPLE (social‚ technological‚ economic‚ environmental‚ legal‚ and ethical)‚ which is a preliminary analysis technique to answer why the business organization or systems exist (Wickham‚ & Wickham‚ 2008‚ p. 128). This analysis the consultant preforms helps
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profits. It has also been said that multinational corporations perpetuate world poverty‚ undercut the environment‚ exploit child labor and lack a high moral vision. As a benefit‚ multinational corporations affect what we eat‚ how we transport ourselves‚ what our communities look like‚ and how we take care of ourselves when we get sick. They provide new jobs‚ pay higher taxes‚ and produce new or less expensive goods and services. They introduce technology‚ capital‚ and skills to their host countries
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THE FACTORS THAT AFFECT LISTENING When you think of what is involved in the process of listening most people think that it involves just spoken words and how those words are interpreted. But actually listening is more than just merely hearing words; the actual process of listening has many different factors that are involved. I’m going to summarize the ten most common factors that can affect the human listening process. The first factor that affects listening is culture. Culture is a factor
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country has its own legislations however in the course of achieving their aims and objectives‚ businesses face challenges from both within and outside of their organizations. Those internal and external opportunities and risks will effect a firm’s gradual performance‚ therefore to analyze these factors and understand them to carry out effective decisions we use something called the STEEPLE analysis. STEEPLE analyses and examines the context in which the authority operates. Identifies key issues that
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