economic growth and socio-economic development at the macro level. It focuses on a range of questions with respect to the impact of innovation and technological change on productivity, growth, employment, human capital, inequality, poverty, sustainability and socio-economic development. These questions are studied in an international comparative perspective including advanced economies, developing economies and economies in transition. The analysis of growth and development will be enlarged to include
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and terminology 2 1.2 The issues involved in strategic planning 3 1.3 Different planning techniques 4 LO 2 Formulating a new strategy 4 2.1 The organizational audit for TNT 5 2.2 Environmental audit for TNT 6 2.3 Significance of stakeholder analysis 7 LO 3 Approaches to strategy evaluation and selection 8 3.1 Alternative strategies relating to substantive growth, limited growth or retrenchment 8 3.2 Appropriate future strategy for the TNT 9 LO 4 Implementing a chosen strategy 10 4.1 Roles
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Contemporary Theories of Management Contingency Theory Basically, contingency theory asserts that when managers make a decision, they must take into account all aspects of the current situation and act on those aspects that are key to the situation at hand. Basically, it’s the approach that “it depends.” For example, the continuing effort to identify the best leadership or management style might now conclude that the best style depends on the situation. If one is leading troops in the Persian Gulf
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A PESTEL analysis is a framework or tool used by marketers to analyze and monitor the macro-environmental (external marketing environment) factors that have an impact on an organization. The result of which is used to identify threats and weaknesses which is used in a SWOT analysis. PESTLE analysis is in effect an audit of an organization's environmental influences with the purpose of using this information to guide strategic decision-making. The assumption is that if the organization is able to
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10 4.2.2 Marriott 11 4.2.3 7 Days 11 5.0 Product Analysis 12 5.1 Product category 12 5.2 Type of product 12 5.3 Three levels of product 12 5.3.1 Core product 12 5.3.2 Actual product 13 5.3.3 Augmented product 13 5.4 Branding and strategies 14 5.4.1 Brand positioning 14 5.4.2 Brand name selection 14 5.4.3 Brand sponsorship 14 5.4.4 Brand development 14 5.5 Packaging 15 5.6 Labelling 15 6.0 Target Market Analysis 15 6.1 Market segmentations 15 6.1.1 Psychographic
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include the following: 1) a description of the organization’s history, products, and their major competitors, 2) explain the current situation of the organization in the market, 3) conduct a SWOT analysis to determine what areas offer opportunities for change, 4) select three areas from the SWOT analysis and explain why the areas chosen are essential to the strategic plan, and 5) explain the method to measure the success of the strategic plan. The company that I chose to create a strategic plan for
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Business Strategy/The Three Processes of Strategy Strategy formulation * Performing a situation analysis, self-evaluation and competitor analysis: both internal and external; both micro-environmental and macro-environmental. * Concurrent with this assessment, objectives are set. These objectives should be parallel to a timeline; some are in the short-term and others on the long-term. This involves crafting vision statements (long term view of a possible future), mission statements (the role
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Outside-In, Anticipate and respond Dynamic Marketing Capabilities: Focus Inside-Out, Create new assets External Factors: Macro-environment: PESTEL (Political,Economic,Social, Technological, Environmental,Legal) ! Focus on key driving factors of change ! Scenario-Analysis: uncertainty, plausible view of future, danger: not looking at extreme scenarios (useful when number of key factors limited and high level of uncertainty) Industry: group of firms that produce same principal product Sector:
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Marketing in the Hospitality/Tourism organisation INTRODUCTION Key concepts of marketing are: Need, Wish and Demand. Need: represents a requirement born in human nature or in social life (restricted).Wish: Means favoured by the consumer to satisfy a need (limitless). Demand: is the Behaviour of consumption of a product or a service to answer wish aiming at satisfying the need supported by the power of purchase. Let us keep that marketing does not create the need. On the other hand, it provokes
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Internet through small and large companies that perform their entire operations, or a large portion of them, online. Starting an online business requires many of the same techniques to create a working business model, but online businesses also offer some key differences that can make them better, or worse, than traditional forms of doing business. Types There are many different types of online businesses, some of which imitate physical business operations and others that could only exist
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