...2.3. PEST ANALYSIS POLITICAL/ LEGAL ENVIROMENT Government and RBI policies affect the banking sector. Sometimes looking into the political advantage of a particular party, the Government declares some measures to their benefits like waiver of short-term agricultural loans, to attract the farmer’s votes. By doing so the profits of the bank get affected. Various banks in the cooperative sector are open and run by the politicians. They exploit these banks for their benefits. Sometimes the government appoints various chairmen of the banks. Various policies are framed by the RBI looking at the present situation of the country for better control over the banks ECONOMICAL ENVIROMENT Banking is as old as authentic history and the modern commercial banking are traceable to ancient times. In India, banking has existed in one form or the other from time to time. The present era in banking may be taken to have commenced with establishment of bank of Bengal in 1809 under the government charter and with government participation in share capital. Allahabad bank was started in the year 1865 and Punjab national bank in 1895, and thus, others followed Every year RBI declares its 6 monthly policy and accordingly the various measures and rates are implemented which has an impact on the banking sector. Also the Union budget affects the banking sector to boost the economy by giving certain concessions or facilities. If in the Budget savings are encouraged, then more deposits will be attracted...
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...INDITEX: ZARA INTERNAL STAKEHOLDERS 3 EMPLOYEES 3 OWNERS 3 BOARD OF DIRECTORS 3 THE COMMUNITY OF STAKEHOLDERS OUTSIDE THE ORGANIZATION 4 THE TASK ENVIROMENT 4 CUSTOMERS 4 COMPETITORS 4 SUPPLIERS 4 DISTRIBUTORS 4 STRATEGIC ALLIES 4 EMPLOYEE ORGANIZATIONS: UNIONS & ASSOCIATIONS 4 LOCAL COMUNITIES 4 FINANCIAL INSTITUTIONS 4 GOVERNMENT REGULATORS 4 SPECIAL-INTERESTS GROUPS 4 MASS MEDIA 4 THE GENERAL ENVIROMENT 4 ECONOMIC FORCES 4 TECHNOLOGICAL FORCES 4 SOCIAL FORCES 4 CULTURAL FORCES 4 DEMOGRAPHIC FORCES 4 POLITICAL FORCES 4 LEGAL FORCES 4 INTERNATIONAL FORCES 4 ENVIROMENTAL FORCES 4 THE GENERAL ENVIROMENT ECONOMIC FORCES Zara y grupo INDITEX nace en España, aunque es un empresa global. Es por esto que a continuación presentamos las graficas de factores económicos de los países con ventas mas altas que son: España, Rusia, China y Estados Unidos. Tambien aparece en la grafica el promedio mundial. * Tasa de desempleo: * Inflación * Tasa de interés * Crecimiento Economico La crisis económica mundial, afecta el consumo. La elevada tasa de desempleo en España hace que la capacidad económica de los compradores disminuya. Pero aunque en su país de nacimiento las ventas no sean tan buenas por la fuerte crisis económica, ZARA ha aprovechado las oportunidades que brindan los nuevos mercados, como lo son los países asiáticos (principalmente China), las ventas por internet que tienen su mayor rendimiento...
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...Responsible Corporation Corporation as a legal entity by law is granted the ability to obtain rights and obligations. While existing only on paper with the hands of their employees of various levels and shareholders a firm is created, operated, developed. The downside of being an ephemeral entity is that all the responsibilities of a corporation are assigned by law and directly linked to the main purpose of its mere existence. To generate profits in order to generate more profits in the future. Merriam-Webster Dictionary defines responsible as “able to answer for one’s conduct and obligations and able to choose for oneself between right and wrong” (Merriam-Wbester Inc.). In this essay we are going to identify in what ways a corporation may realize its responsibility and how in practice some of these responsibilities are fulfilled. In his work on corporate social responsibility John Campbell discusses several dimensions of how it is possible to measure (social) responsibility of a corporation. Among them are mentioned the following levels: “how the corporation treats its employees with respect to wages, benefits, and levels of workplace safety; how it treats customers with respect to product quality, truth in advertising, and pricing; how ihow the corporation treats its employees, how it treats customers, how it treats its suppliers, how it treats the government, how it treats the community (p. 5). It possible to distribute these levels into two groups. Responsibilities towards...
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...Functionalism, strain and Subcultural theories Durkheim’s functionalist theory Functionalism – society based on value consensus. Members of society sharing common culture. In order to achieve this, two things needed: - Socialisation – helps ensure individuals share the same norms and values. Shows the way to act. - Social control – rewards for conformity and punishment for deviance. Controls behaviour. Inevitability of crime – functionalists see crime as inevitable and universal. Every society has crime. Two reasons why crime and deviance are in all societies: - No everyone is equally socialized into norms and values. Some are likely to be deviant. - Diversity of lifestyle and values. Different groups have their own subcultures with distinctive norms and values. Some may see deviant acts as normal. > Durkheim says in modern societies there is tendency towards anomie. The rules for behaviour become weaker and less clear-cut. This is because modern societies have a complex division of labour meaning individuals become more different from each other. Crime is more likely. Positive functions of crime – it also performs two positive functions Boundary maintenance - produces a reaction from society, uniting members in disapproval of criminals and reinforcing their commitment to shared norms and values. Adaptation and change – all change starts with an act of deviance. There must be scope to challenge existing norms and values and this will seem deviant in the...
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...with an organization called the Van Leer foundation. This organization promotes the early education of children in economically disadvantaged areas. They both set up the pre-school in Rutland street. They were known as early pre-schools. 40 pre-schools had opened nationally. Their aims were to combat the effects of economic and social achievements. These aims were achieved by giving a good start to a child's education. (Flood and Hardy,2015) In 1973 the bar for marriage was lifted which allowed woman to return to work, it was lifted as there was nobody to look after children in families. This then created a need for child minders and childcare services. The preschool education was mainly in the private sector for children with the need of specific intervention and with special needs. The ECEC needs for babies, young children and their families were all met by the community, private enterprises and voluntary. (Flood, E. and Hardy,2013) According to early childhood Ireland, 2015 in 1992 Ireland ratified the UN convention on the rights of the child. The convention stated that a 'child' as a person is below the age of 18, unless a particular countries law set the legal age below the age of 18 for the age of adulthood. The convention states that all children should be entitled to basic rights, no discrimination. The child's interests is the center of everything, primary concern of making decisions. It also rules out the basic human needs which all children are entitled to such as...
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...PBTL (Bangladesh).(About us, n.d.) The Gathering likewise has speculations in Bharti Airtel (India), which has critical vicinity in Sri Lanka, Africa and Bangladesh.As a key financial specialist, they work nearly with their members to develop the business, by leveraging their scale in frameworks, customer touch base at and broad operational experience .Singtel's offshoots profit not just from the association with Singtel PESTEL 2.1 Political factor Singapore is a political stable venture nation . The ministry of Trade and Industry and the ministry of Finanance are accountable for developing the economy in Singapore, encouraging genius endeavor enviroment and joint effort with industry masters will help manage it as a world class money related and business center point (political factor, 2010) 2.2 Economic factor Despite the fact that globalization has...
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...L. isic AUL 101 Introduction to Common Law and American Legal System 01/10/2016 Administrative law Administrative agencies and executive departments Administrative law is the body of law that governs the activities of administrative agencies of government. Government agency action can include rulemaking, adjudication, or the enforcement of a specific regulatory agenda. This kind of law is considered as a branch of public law and they are faced with the decision-making of administartive units of government, such as tribunals, commissions, or boards, that are considered as a part of national regulatory scheme, in areas that include police law, international trade, manufacturing, the enviroment, taxation, broadcasting, immigration, and transport.The expansion of administrative law happend during the 20th century, when many government agencies were created in order to regulate economic, political, and social areas of human interaction. Administrative agencies are created by the federal Constitution, the U.S. Congress, state legislatures, and local lawmaking bodies to managecrises, redress serious social problems, or oversee complex matters of governmental concern beyond the expertise of legislators. Administrative agencies are specialized governmental entities that are in charge of detail managing and gaps filling. Powers and functions given to these agencies are interchangeable, which means that their powers can be executive, legislative, or judicial. The responsability...
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...Running Head: THE LEGAL, SOCIAL, AND ECONOMICAL ENVIROMENTS OF A SOLE PROPRITERSHIP OF A MODERN COFFEE HOUSE The Legal, Social, and Economical Environments of Running and Operating a Modern Day Coffee House as the Sole Proprietor. Let’s Have A Cup or Glass of Iced Coffee. Abstract In this paper I will be describing the basic Legal, Social, and Economical Environments in owning and operating a modern Coffee House as a Sole Proprietor. I will describe in depth my options and decisions for obtaining the funds to start the company. I will then be describing the Legal aspects, the Social Environments involved, and the Economic Environments and all the decisions to be made as I plan a clear path to owning and operating a modern day Coffee House. Including how I plan to keep it up to date with the latest technologies. Better get a cup of Joe this might be a long read? It’s exciting times as I begin to research and explore the many options open to me as I begin to decide and create my plan of action for owning and operating a Coffee Shop as a sole proprietor. My first visit is to the SBA Direct Loan Services, as I have chosen this for my funding. The SBA has several loan packages for the small business owner. I will be applying in several different categories, as they have the Export Express Loan Program, (AIU Online Web Resources, http://www.sba.gov). At the SBA Web Site they have the Export Express Program, this program can...
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...THE IMPORTANCE OF INTERNATIONAL TRADE (1.1) International trade: is the exchange of goods and services between the countries over the world. Import is the purchasing goods or services overseas. Export is the sale of goods or services made overseas. For individual company, the reasons for exporting to overseas are: a. It represents the potential markets. b. Domestic market is saturated. c. Reduce the dependence upon one geographical market. d. The requirements of the firm’s product to attack overseas market. e. Companies need to be able to sell product to an overseas market, if they want to be the suppliers of large companies over the world. f. Domestic market too small for the exploiting of the economies of scale. g. Economies of scale result from extending the use of brands in overseas market From the perspective of national economies, there are four other reasons: a. Goods and services are traded to exploit the concept of comparative cost advantage. b. Many restrictions on international trade are removed. c. The increasing of income in greater consumption of many categories of luxuries like overseas travel, etc. d. Cultural convergence that has resulted from improved communications. Labor costs: the cost of labor in less developed and developing countries are lower than in developed countries. There is a fact that the unskilled worker s in developed countries will compete with the equivalent workers in less developed and...
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...clear decline, * Buyers have how power (information power, not dependent of traditioinal methods of shopping) * Suppliers have high power ( they can choose how where they want their shop or wether just online) * Australian has sturcuters in place whereby a few major players determine market trends and consumer offerings Remote Environment (eg PESTEL) What have been the remote environment trends that have driven the industry to its current state? Political – Not really mentioned - changes in tarrifs and taxes may shift balance of power Economic – Global Financial Crisis. Industry is very reliant on overall economic growth and prosperity. Social- Technological- Biggest Issue- Online reatialing has become bigger, information at buyers fingertips (literally), new technology emerging to provide cusomters with more of a service rather then just selling products (eg body scanners). Enviroment – not mentioned Legal- not mentioned Are these factors changing? Techology is the biggest one changing What will be their impact on future growth in the industry? If it is not utilised and controlled, different modes of retailing will take over Industry Environment (eg 5 forces) What are the forces within the industry that determine current...
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...In September 2000, the 189 member countries of the United Nations at that time adopted eight Millennium Development Goals (MDG’s). The eight goals are ambitious, and involve among others halving the number of people without clean water and sanitation by 2015. The challenges in meeting the Millennium Development Goals (MDG’s) target for sanitation in Zambia by 2015 are many and include the large numbers of temporary latrines, low capacity for sanitation promotion in the country, weak policies and strategies for sanitation promotion, low support for sanitation in donor supported programs, social resistance to the use of the latrines, and lack of multi-sectoral partnerships for sanitation promotion. This paper endeavours to outline and discuss the sequential platform of activities in the policy process which the policy maker would use to address the problem of poor sanitation in Luangeni Village of Chief Mpezeni’s area. The essay also attempts to establish the seriousness of the problem of poor sanitation in the village by presenting statistical evidence. In order to fully comprehend and come up with solutions concerning the topic under discussion it is imperative that we understand some key concepts to be used in this essay, these include policy, policy makers and sanitation. Development policy making lies within the domain of the state. The word policy however has no single defination in literature, this is so because there are different points of view and diverging opinions and...
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...INTERNATIONAL BUSINESS Title: SAS Scandinavian airline Teacher: Neil Coade Student: KhucThiNhung ID: 0201ndnd1109 Deadline: 21/10/2013 Table of Contents 1. INTRODUCTION ............................................................................................................. 3 2. LEADERSHIP .................................................................................................................. 4 3. ENVIROMENT ................................................................................................................. 5 4. STRATEGIC BUSINESS DEVELOPMENT IN THE FUTURE ......................... 6 4.1 A bright future with new airbus fleet. ......................................................................... 6 4.2 A long line fleet efficiency and modern ..................................................................... 6 4.3 Regarding fleet renewal plan long ............................................................................... 7 5. ORGANIZATION............................................................................................................. 7 6. MARKET ENTRY STRATEGY ................................................................................... 8 6.1 Strategic alliances .............................................................................................................. 8 6.1.1 Environment that can help the alliance strategy success .................................... 9 6.1.2 Environment having problems.........
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...strategy Set of factors that directly influences a firm and its competitive actions and response ● Competitor Environment Focuses on each company against which a firm directly competes ●The General Environment is grouped into seven environmental segments: page 38 [1] Demographic – population, age, geographic distribution [2] Economic - Inflation and interest rates [3] Political/Legal – org & gov trying to influence each other AntiTrust & Tax laws, deregulation policies [4] Sociocultural – greatest impact, workforce diversity, quality of worklife [5] Technological-Product innovations [6] Global-trading between countries, critical global markets [7] Physical-energy consumption ●To successfully deal with uncertainty in the external environment and achieve strategic competitiveness, firms must be aware of and understand these segments. EXTERNAL ENVIRONMENTAL ANALYSIS-more important for technology based companies • Firms engage in external environmental analysis to better understand and cope with their environments. • This analysis has four parts: - • Scanning (cookies on websites) –studying all segments in the general enviroment • monitoring, -events and trends • forecasting-projections of future trends • assessing.-determine timing and significance of trends INDUSTRY ENVIRONMENT ANALYSIS An industry’s profit potential is a function of the five forces of competition: ■ The threats posed by new entrants ■ The power of suppliers ■ The power of buyers ...
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...Summary of the article. This is a summary of the “Make or Break for China” by Fareed Zakaria in the Time Magazine January,2014. In the article the Fareed begins by addressing 2014 is the year of the horse in China and list down the country’ problem before it becomes the world’s largest economy . A big part of Fareed’s focus in this article is about China’s challenges likes debt, pollution and corruption. In this article showed how China’s financial crisis and the global economy slowdown based on it’s economic imbalances . The basic economy’s problem is that for almost a decade, China's economic growth has been fueled by cheap credit and government spending--a classic developing-nation problem .The country’s total debt level was estimated at 215% of GDP in 2013.Besides financial problem, China also have serious challenges in environment. Air and water pollution has become a major public health issue in the country.The last challenges in 2014 is the corruption’s problem ,it seriously increasing among the Communist Party. According to this article, China’s president has launched an anticorruption campaign for this unethical problem . In closing, Fareed Zakaria says that ,he not ready to bet against China if China’s leader did not manage this transition well.If China’s leaders manage this transition well.the country will emerge stronger and more stable and become the largest economy in the world. INTRODUCTION International business is much more complicated than domestic business...
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...------------------------------------------------- business enviroment ORGANIZATIONAL AND PURPOSE OF BUSINESSES TASK 1 CONTRAST OF TWO MARKETS FOR DIXONS CARPHONE COMPANY TASK 2 December 7, 2014 December 7, 2014 Contents Executive summary 2 Carphone Warehouse 3 Mission 3 Vision 3 Purpose 3 Stakeholders 4 Dixons Carphone plc (Currency GBp) 4 Director Shareholdings 5 Hill Farm Furniture 6 Purpose 6 Mission/Vision 6 Stakeholders 6 CONTRAST OF TWO MARKETS FOR DIXONS CARPHONE PLC 7 Free Market X Command System 7 Competition Policy 7 Conclusion 9 Bibliography 10 Executive summary As the world changing quickly in term of political, economic, social, technological, environment and legal (PESTEL), its happen due many influences either internal or external of the business, if the company do not stay update it can fail, that is important the study of Business Environment. Each country has its own way to control the economy; there are four types of economy such as: command, free market, mixed and transitional. A command economy is “a socialist economic system in which production and distribution of goods and services are controlled by the government and industry is mostly owned”. (Dictionary.com, 2014) A free market economy is “an economy in which the allocation for resources is determined only by their supply and the demand for them. This is mainly a theoretical concept as every country, even capitalist ones, places some restrictions...
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