Benefits of Internal and External Analysis

Benefits of Internal and External Analysis TASK 1 Discuss the importance of environmental analysis in managing business organisations. Differentiate external and internal environment. Give at least 3 variables in the external and internal environment. Discuss the potential effects of these variables to the business entity. In what way the stakeholders can affect the future of the business? External and Internal Environment Some of the internal and external environment are:- Internal environment include inside the association, which are the worker mentality, new gear, methodology, workforces. The association has the control of these matters in light of the fact that it happen inside the association unless like nature. For the nature, is obviously expressed with the saying outer itself which implies outside of the associations which impact the progressions in the association which the association does not have the control of it. Outside environment are included by thePolitical, Economy, Social, Technology, Legal and Environment. (Class Discussion) b. Ordinary management and Strategic management Management: Accomplishing work through individuals. Thats the exemplary business school meaning of administration. Vital Management: Setting objectives and destinations for a venture (a business or organization as a rule’’). Strategic approach in managing an organization by taking into consideration the environmental forces: technological, commercial, economic, financial, political, regulatory, socio-cultural and physical environments, service markets.( books.google.co.nz/books?id=xelnAgAAQBAJ) c. Stakeholders and customers Stakeholders refer to individuals and groups that have interest in the organization and/or its products or services. Stakeholders may include but are not limited to – customers, suppliers, owners, shareholders, lenders, managers, employees, employee organizations, local community, competitors and regulatory bodies. They are each one of the individuals who have a stake in the association, i.e., who have a certain enthusiasm toward the presence of the association, yet the association does not EXIST for the stakeholder. It tries to fulfill the needs of stakeholders by fulfilling the needs of its customers. Stakeholders are the driven power. Not the main impetus. Customers are the reason for which the association exists and stakeholders are each one of those diversions, inward and outside, that met up with the end goal of fulfilling customer needs and in doing so expect some return for their exertion. Customers are those who pay money to get services and can demand for services.( smallbusiness.chron.com) 1.1 Give at least 3 variables in the external and internal environment. Two variables internal factors: Staff satisfaction, business management, research and development. 1: strengths of the business 2: Rules and regulation of the company 1: The strengths of the company: workers, promotion scheme and communication skills are some of the basic strengths of the company. If the promotion plan is not good and your staff is not doing their job properly it will surely effect the internal working of the company. 2. Rules and regulation of the company: If you want to make good business rules of your organization it should also be followed and implemented for the better working of organisation as it is the only method to control the business internally. Three variables of external factors: 1: Political Factor 2: technical Factor 3: social factor 1: The political factor: Political factors greatly affect the business environment, when parties changes in the government and then business policy are changed it greatly affect the working of the company for example pay rise etc. Everyone has to folloup new rules. 2: Technological Factor: In these technological factor days is the main factor of any business organization if you are other competitors are using new technical equipment, challenging production as compare to your business will increase, so will affect your organization downside. 3: social factor: social factors also affect the external factor, because you always change the structure of society such as women working, families. How customers, communities behave and their beliefs. ( Google images) a. In what way the stakeholders can affect the future of the business? A stakeholder is anyone who can affect or is affected by the actions of a corporation (organization, company or business). It is enterprise are the people and electorates that help, either intentionally or automatically, to its riches making limit and exercises, and that are along these lines its potential beneficiaries and/or hazard bearers. b. Discuss the importance of environmental analysis in decision making. Choice making in ecological tasks could be unpredictable and apparently unmanageable, mainly due to the innate exchange offs between socio political, natural, biological, and financial variables. The determination of fitting healing and decrease methodologies for defiled destinations, area use arranging, and administrative methods frequently includes different extra criteria, for example, the conveyance of expenses and profits, ecological effects for diverse populaces, security, biological danger, or human qualities. Some of these criteria cant be effortlessly dense into a fiscal quality, somewhat in light of the fact that ecological concerns regularly include moral and good standards that may not be identified with any monetary utilize or worth TASK 2 Using the diagram as shown in the next page, discuss the importance of environmental analysis and its impact to the business entity by answering questions A, B and C. a. How will the competitors, suppliers and customers affect the business? If we have more competitors in a business, the business activity would be increased. This is because with more competitors, the consumers would have more choice. Besides, increased competition would also result in competitive cost which would further attract the consumers. Suppliers can affect your availability of product based on their inventory or delivery time. Suppliers can affect your costs based on their prices changing, their credit terms, etc. Client administration or client consideration portrays connections between a business and a client intended to expand the clients fulfillment with the items, administrations and general mission of the business. Basically, any correspondence between a potential, present or past client and a business, for example, discussions in a physical store, via telephone or on email, may be viewed as a piece of client administration. Poor client administration can have a few inconvenient consequences for a business. b. Analyze the influence of the following macro-environmental forces to the proposed business Legal/Regulatory Rules and regulations in business creates, limits, or constraints a right, creates or limits a duty, or allocates a responsibility. Regulation can take many forms: legal restrictions promulgated by a government authority, contractual obligations that bind many parties (for example, insurance regulations that arise out of contracts between insurers and their insured) Social/Cultural Social Accomplishing work through individuals. Thats the fantastic business school meaning of administration. Key Management: Setting objectives and goals for a venture (a business or organization by and large variables can influence a business as tastes and preferences can change. For instance, if a business that offers a ton of garbage and undesirable sustenance, and the country is getting to be more wellbeing cognizant then the business will create lesl revenue A real socio-social component impacting organizations and business choices is changing buyer inclination. What was prevalent and chic 20 years prior may not be well known today or 10 years not far off. Distinctive styles and necessities can undermine long effective items and administrations. For instance, a garments organization should continually be mindful of changing inclination when making new items or it will rapidly get to be antiquated. Technological Technical analysis is a security analysis methodology for forecasting the direction of prices through the study of past market data, primarily price and volume. Economic Economic Analysis for Business is to help you understand the structure of the economy, how an economy operates, why economic problems occur and the reasons why policy makers make the decisions they do. c. Who are the stakeholders of the business? A corporate stakeholder is that which can affect or be affected by the actions of the business .It defines stakeholders as those groups without whose support the organization would cease to exist. Stakeholders refer to individuals and groups that have interest in the organization and/or its products or services. Stakeholders may include but are not limited toend ash customers, suppliers, owners, shareholders, lenders, managers, employees, employee organizations, local community, competitors, and regulatory bodies. For Mr. webby He needs to target the right customers and must work on there feedback. Must look food quality. He must be familiar with current people demand. He has to look for more suppliers and for them he should do some promotions. He should put lower price for his products. Get more promotions for customers. Update everyday’s deals and prices. TASK 3 Miss Parker is the longtime general manager of MAC, the biggest food chain in Dunedin. The owner of MAC plans to open a new branch in Auckland City. Since the general manager knows that you have a Diploma in Business from IANZ, she seeks your advice how to do the following steps in strategic management: a. Statement of the Business Mission Having a specific mission statement gives identity to an organization, as well as a guideline for future decisionsand particular actions. It provides the framework or context within which the companys strategies are formulated. Its like a goal for what the company wants to do for the world. Mission statement that can be used by Miss Parker is â€Å"We are committed to the highest standards of food quality and customer service† MAC is the best food chain in Dunedin and now in Auckland. b. Environmental Analysis Considering that the organization does not operate in isolation, the planning group should analyze the environment within which the organization operates. This assessment should include legal and political considerations, social and cultural trends, economic circumstances, technological development, and, where appropriate, the organization competitive position. c. Identification of Strengths and Weaknesses This includes the weighing of the organizations capabilities and limitations. This form of analysis must be inclusive in a sense that it has to take into account the financial resources, human resources, the operation of both technical and organizational systems, and quality of work. Analysis of the organizations strengths and weaknesses must be guided by the mission of the organization. d. Values of Organizational Leaders The final step in preparing to develop strategic alternative is to take into account the values, interests, and aspirations of those who will guide the organization into the future. It must consider the people quote s response in the same environmental and organizational analysis differently. e. Development of Alternative Strategies At this stage, the planning group can proceed in the formulation of alternative strategies. One of the suggested methods in identifying alternative strategies is to draw quote scenarios of the future in order to anticipate and foresee possible outcomes. Future patterns will help an organization plot its direction. Miss Parker must look for good location and check current market pricing. She has to look for more suppliers and some better deals for them. She should keep on checking market demand. Should keep food as checking on which culture people living on those areas. Flexible opening hours and services. Keep getting various foods and changing promotions.( www.bbc.co.uk †ºHome†ºBusiness Studies†ºBusiness environment) Task 4 You are a manufacturer of beauty products in New Zealand. Your business market power is heavily dependent on the exportation of these products. If the global economy is not in a good condition and the countries where you export your products are experiencing inflation, serious poverty and unemployment, what are the possible effects of the global economy to your business in New Zealand? Make a flowchart to present the effects of the macro-environment to the business entity. Some of the possible reasons are :- Because of poverty it can affect sociality to not to buy products. To continue keep going on my business I must look at the raw materials of my products. For raw materials I do need to find another good quality of raw materials but cheaper in prices as well. Keep checking on cost cuttings. Put more promotions to encourage people Keep checking on market demand. Technologically I do need to improve more also handy for people for example, advertising, online advertising. Also should make a handy website so people can look easily also a viability of buying online for time saving. Seek for good sales workers(can help to improve business) Try some new products as in current market demand. poverty Effect on countries

Technology Is Changing Education :: essays research papers fc

Technology is Changing Education The best method for improving educational standards is to utilize every tool available, including state-of-the-art technology. Computers and the Internet have expanded the way in which education can be delivered to the students of today. Today's networking technologies provide a valuable opportunity to the practice of learning techniques. Educators are discovering that computers and multi-based educational tools are facilitating learning and enhancing social interaction. Computer based telecommunications can offer enormous instructional opportunities, but educators will need to adapt current lesson plan to incorporate this new medium into all the classrooms. The only problem is that some of today's schools are hindered by an under-powered technology based curriculum and, in order to stay competitive, the American educational system must do a better job of integrating. Computers have made a fundamental change in most industries, providing a competitive advantage that has come to be essential to stay in business. Therefore, education must also use technology to improve the educational process instead of simply applying it to existing structures. School systems often consider acquiring an enterprise computer network, but justify its purchase by applying it to routine administrative tasks, or take period by period attendance. Although these tasks are important, they only represent a small part of what technology can do for an educational institution. Technology must go beyond just keeping attendance, it must focus on keeping students interested and productive. "Curriculum improvement is the best strategy to prevent dropouts; technology is especially useful in this regard" (Kinnaman 78). Technology can provide a unique and compelling curriculum resource, that challenges every student. The Clinton administration has taken steps towards improving educational standards via its "Goals 2000: Educate America Act of 1994" (Thornburg 23). However, several interpretations of the Act never mention the use of technology. Advocates of the Act need to realize that Internet linked computers can provide more current information than what is found in today's "exciting" textbooks. For example, science textbooks and history textbooks are notoriously out of date. In contrast, the Internet offers students a vast pool of current scientific data. Most of the time the Internet makes learning fun, unlike the plain fashion of the "almighty" textbook. Computers and other technology can also heighten the learning process by actively engaging students in the task of exploring data. Some students may be tempted to simply download information from the Internet that does not have anything to do with a particular subject that they were asked to research. This shows that the Internet may have a greater impact to education than to learn that information from a typical textbook. Since computers and the Internet have expanded the way with which

The Lake of Isle of Innisfree

â€Å"The Lake Of Isle Of Innisfree† is about a person who wants to have a different life in â€Å"Innisfree† and to relax in his life before. The first stanza is telling the readers that the main character wants to be free and leaves the annoying things behind his head and be free. The first sentence starts with â€Å"I will arise and go now, and go to Innisfree. † It’s showing the readers that he is keen to go to Innisfree and is determined to go away. The next sentence â€Å"small cabin† is showing that his life is easy and doesn’t need luxury or any other dear things. The two last sentences in the stanza are showing how fun he will live in Innisfree. Bean Rows†, â€Å"honey bee†, and â€Å"bee-loud glade. † All show that he will have peace here and live the way he wants here. This stanza shows just how determined he wants to go to Innisfree, how peaceful he will be here, and how relaxed he will be here. The next stanza shows how the main character will live in Innisfree, and is comparing to the life before he was in Innisfree. The second stanza starts with â€Å"And I shall have some peace there for peace comes dropping slow. † It’s using a metaphor saying that his life is easy and simple. Showing that the life in Innisfree is peaceful and quiet.The next sentence â€Å"cricket sings† tells the readers that it isn’t noisy in Innisfree, it’s quiet, peaceful and a natural sound. â€Å"Purple glow. † In the third sentence is showing the readers that Innisfree view is also beautiful in its view not just sound. The last sentence of the stanza is showing the difference between Innisfree’s views of night and day. This stanza is shows just how beautiful Innisfree is between night and day it’s also comparing between the views of his life before. The last stanza is like the first stanza, the main character is determined to go to Innisfree.It starts wit h â€Å"I will arise and go now, for always night and day. † Means that the main character doesn’t care how tired how far it will be to Innisfree he won’t care. He just wants to go there. The next 3 sentences are all comparing to the life before he was. This stanza is comparing how he lived before and now. It’s also comparing to how determined he is to go to Innisfree. This poem is about a person who has a bored life before and wants to have a new life in Innisfree. The story’s main idea is to relax and have a simple life. It’s also means that money isn’t everything.

Extended Definitions in Essays and Speeches

In a paragraph, essay, or speech, an extended definition is an explanation and/or illustration of a word, thing, or concept. Randy Devillez in Step by Step College Writing says that an extended definition can be as short as a paragraph or two or as long as several hundred pages (such as a legal definition of obscene). Examples Seek out the following for some good examples of extended definition in writing: A Definition of a Gentleman by John Henry Newman from a lecture given in Ireland in 1852. A Definition of a Jerk, is a 1961 essay written by Sydney J. Harris. Gifts, is an 1844 essay written by Ralph Waldo Emerson, poet, philosopher, and essayist. Happiness, was first published in 1961 in the Report to Greco, by Greek writer Nikos Kazantzakis. Lists and Anaphora in Pioneers: A View of Home by Yolande Cornelia Nikki Giovanni Jr., an award-winning African-American poet, writer, and activist. The Meaning of Home was published in 1984 by John Berger, poet, essayist, novelist, and screenwriter.   Observations An extended definition may explain the words etymology or historical roots, describe sensory characteristics of something (how it looks, feels, sounds, tastes, smells), identify its parts, indicate how something is used, explain what it is not, provide an example of it, and/or note similarities or differences between this term and other words or things, notes Stephen Reid in The Prentice Hall Guide for College Writers. Introduction to an Extended Definition: Family In The Death of Adam: Essays on Modern Thought, Marilynne Robinson points out that We are all aware that family is a word which eludes definition, as do other important things, like nation, race, culture, gender, species; like art, science, virtue, vice, beauty, truth, justice, happiness, religion; like success; like intelligence. The attempt to impose a definition on indeterminacy and degree and exception is about the straightest road to mischief I know of, very deeply worn, very well traveled to this day. But just for the purposes of this discussion, let us say: one’s family are those toward whom one feels loyalty and obligation, and/or from whom one derives identity, and/or to whom one gives identity, and/or with whom one shares habits, tastes, stories, customs, memories. This definition allows for families of circumstance and affinity as well as kinship, and it allows also for the existence of people who are incapable of family, though they may have parents and siblings an d spouses and children. An Extended Definition of Damned In the film, Cold Comfort Farm, actor Ian McKellen plays the part of Amos Starkadder, who says: Youre all damned! Damned! Do you ever stop to think what that word means? No, you dont. It means endless, horrifying torment! It means your poor, sinful bodies stretched out on red-hot gridirons in the nethermost, fiery pit of hell, and those demons mocking ye while they wave cooling jellies in front of ye. You know what its like when you burn your hand, taking a cake out of the oven, or lighting one of them godless cigarettes? And it stings with a fearful pain, aye? And you run to clap a bit of butter on it to take the pain away, aye? Well, Ill tell ye: therell be no butter in hell! Composing an Extended Definition of Democracy Sometimes,...particularly when we are thinking seriously about a complicated concept, such as democracy, we use a definition as the basis for an entire theme; that is, we write what may be called an extended definition, says Cleanth Brooks and Robert Penn Warren in Modern Rhetoric. Purposes of an Extended Definition Barbara Fine Clouse explains that an extended definition can also serve a persuasive purpose. More often than not, an extended definition informs. Sometimes you inform by clarifying something that is complex.... A definition can also inform by bringing the reader to a fresh appreciation of something familiar or taken for granted.... Sources Brooks, Cleanth and Robert Penn Warren. Modern Rhetoric. Abridged 3rd ed., Harcourt, 1972. Clouse,  Barbara Fine. Patterns for a Purpose: A Rhetorical Reader. 3rd ed., McGraw-Hill, 2003. Devillez, Randy. Step by Step College Writing. Kendall/Hunt, 1996. McKellen, Ian, actor as Amos Starkadder in â€Å"Cold Comfort Farm.† BBC Films, 1995. Reid,  Stephen. The Prentice Hall Guide for College Writers. Prentice Hall, 1995. Robinson, Marilynne. â€Å"Family.†Ã‚  The Death of Adam: Essays on Modern Thought. Houghton  Mifflin, 1998.