and define project scope or boundary of project is important to anticipate the time of completion. By a clearly defined scope‚ specified time will be assigning to develop each module in the application. From here can conclude that‚ virtual tour on hotel room needing more time in completion. By well-organized task and duration‚ the application will develop on time. PARADIGM Waterfall paradigm is important to note a large successful of projects development. Without the structure and organization
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What is internal control and why is it important The American Institute of Accountants first defined the term internal control in 1949‚ followed by further clarifications in 1958 and 1972. In 1977 publicly held companies came under legislation to adequately implement controls to protect their financial information. A report by the Committee of Sponsoring Organizations in 1992 and the Sarbanes-Oxley Act of 2002 are more recent documents defining internal controls.( Bishop‚ 1991‚p.117-123; Colbert
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The External Environment affects the internal operations of all businesses. What’s happening in the world of politics‚ economics‚ socially and technologically impacts how a business has to act in order to survive. External elements that affect the inner working of a business are known as PEST factors. ‘PEST’ is an acronym for Political‚ Economic‚ Social and Technological. Politics may affect the ability of a business to achieve its aims and objectives and changes in laws may mean a company has
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Chapter 2 The external environment: Opportunities‚ threats‚ industry competition and competitor analysis Knowledge objectives 1 Explain the importance of analysing and understanding the firm’s external environment 2 Define and describe the general environment and the industry environment 3 Discuss the four activities of the external environmental analysis process 4 Name and describe the general environment’s six segments Knowledge objectives 5 Identify the five competitive forces
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Problem: not working properly acquisition. "is it a problem of Gillette or Duracell?" no real growth no clear strategic direction " the company had gone nowhere for 4 years" External analysis Battery industry/alkaline battery industry Technological segment: new development General environment Global segment: potential market for emerging market‚ sony and panasonic go into US Entry barrier‚ paten is very important‚ we just have 3 players in American market suppliers: who are they
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THE INTERNAL ASSESSMENT OUTLINE | The Nature of an Internal Audit | | Integrating Strategy and Culture | | Management | | Marketing | | Finance/Accounting | | Production/Operations | | Research and Development | | Management Information Systems | | The Internal Factor Evaluation (IFE) Matrix | OBJECTIVES After studying this paper‚ you should be able to do the following: 1. | Describe how to perform an internal strategic-management audit. | 2. | Discuss
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External communication Communication with people outside the company is called “external communication”. Supervisors communicate with sources outside the organization‚ such as vendors and customers. External communication comprehends all information developed by the company‚ which is related to its activity that is released in the press‚ for public knowledge. Such information is crucial in order to promote the company’s image. External Communication is used for: 1. Through ensuring the information
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responsibility: A review of international management research from 1998 to 2007. Journal of International Management‚ 14‚ 319–339. Fortanier‚ F.‚ & Van Wijk‚ J. (2010). Sustainable tourism industry development in sub-Saharan Africa: Consequences of foreign hotels for local employment. International Business Review‚ 19(2)‚ 191–206. Frynas‚ J. G. (2008). Corporate social responsibility and international development: Critical assessment. Corporate Governance‚ 16(4)‚ 274–281. Griffith‚ D. A.‚ Cavusgil‚ S.‚ & Xu
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Hotel and Restaurant Research Strategy Restaurant strategies to attract customers Impact of incentives to employees Effective Customer care Hotel guest satisfaction Factors to develop tourism in your place Problems that occur in hotel and restaurant Hospitality Generally‚ hospitality refers to jobs in the hospitality industry‚ such as hotels‚ restaurants‚ catering‚ resorts and casinos as well as other hospitality positions that deal with tourists. Hospitality involves the relationship
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following 5 principles: first of all selecting the right employee for the right position‚ then offering not only motivational salary‚ but full package of benefits that consists of career opportunities‚ work-life balance‚ great working place etc.‚ factors that are considered a lot when money becomes less important‚ next is a caring‚ warm and friendly environment that motivate employees to do extra‚ the fourth one is
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