in Strategic Management Chapter 3: The External Assessment Submitted by: Stephanie Rose Capule Melody Ferrer Divine Grace Jasa Claudine Martinez Wendy Pangilinan Mark Angelo Santiago Julma Tumibay Mktg 4-2 Submitted to: Mr. Jamilton Esguerra Chapter Objectives: After studying this chapter‚ you should be able to do the following: 1. Describe how to conduct an external strategic-management audit. 2. Discuss 10 major external forces that affect organizations: economic
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* The External Analysis examines opportunities and threats that exist in the environment. It shows to management the opportunities to favorable conditions in the environment that could produce rewards for the organization if acted properly. * An organization provides a means of using individual strengths within a group to achieve more than can be accomplished by the aggregate efforts of group members working individually. An organization relates to external analysis because it needs it
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As I walked into the funeral home the first question that came to mind was how can an individual work here and get the job done. Mr. Jackson’s started his talk answering the first question that came to mind. He explained that we all are caregivers in a different way and not everyone could do his job. In addition the realization is everyone have a special gift and blessing. My main impressions of Mr. Johnson’s talk were every question he asked throughout his speech‚ it made me think on the spot.
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External Analysis 1. PESTLE Factors Political and Legal· Government has high work efficiency‚ justice and transparency.· Company or individual have low tax rate easy to calculate.· Government supports the development of industry and commerce. | Economic·Hong Kong is the world’s 11th trading powers and 2nd stock market in Asia.·One of the most free trade port and open investment policy. It is the only one RMB offshore market.·Over-estimation of the number of visitors.·Loss $46 million in the
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External analysis How can a smartphone company use external analysis to gain competitive advantage? 1. Apply 5 forces model for the smartphone industry According to Hill and Jones‚ the five forces model serves the purpose to identify opportunities and threats in the external business environment‚ by analysing “competitive forces” (Hill & Jones‚ 2012‚ p. 42). Once created by Michel E. Porter this particular framework functioned as a useful tool for managers to approach the external analysis
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LVMH – Fashion & Leather Goods External Analysis Faurum Doshi LVMH Summary LVMH‚ known as Moët Hennessy • Louis Vuitton‚ is a French conglomerate and the largest producer of luxury goods in the world. LVMH was formed in 1987 with the merger of Moet et Chandon a champagne manufacturer‚ Hennessy a cognac manufacturer‚ and Louis Vuitton a fashion house. The LVMH group is comprised over five sectors: Fashion & Leather Goods‚ Wine & Spirits‚ Perfumes & Cosmetics‚ Watches &
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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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results and fill those gaps accordingly to improve company performance. 2.0. Macro Environment Analysis Hubbard‚ Rice‚ Beamish (2010)‚ explains that all the factors outside the organization that effect the business are studied under external environment analysis. These factors effect the strategy formulations‚ vision and mission planning and future organizational business. Environment analysis comprises of
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After reading Quindlen’s argumentative persuasive essay called “Driving To The Funeral”‚ it was clear that she was against the driving age being 17. On the other hand‚ I believe the driving age should stay at 17. While I do drive and consider myself to be a very safe driver‚ not every teenager is. Of course one could say that we’re all attached to our cellphones by the hip and can’t even put it down while driving‚ but that’s not always the case. Personally I don’t use my phone as I’m driving‚ but
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deceased) --Time‚ date and place of viewing‚ burial‚ wake and memorial service arrangements--If you don’t have this information yet‚ you can always write something like‚ "funeral arrangements are being made by ABC Funeral Home and will be announced at a later date." That way those who are interested can contact the funeral home for more information. If you plan on repeating the obituary‚ you can include the details in a future issue. Other things you might want to include: --City and state of
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