THE HOME DEPOT OVERVIEW Bernie Marcus, Ken Langone and Pat Ferrah created the Home Depot in 1978. Their main vision was “One – Stop shopping for do it your self”. The Home Depot opens its door with two large stores located in Atlanta Georgia in 1979. With operations focus on customer services, The Home Depot provide their clients with highly trained personnel, leading those customers with quality services through different kinds of constructions projects. Their philosophy of customer services
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variables: • Societal environment (macro-environment) – This is the general environment in which the business organization operates. It is characterized by those variables on which the business has no control. It does not directly touch on the short run activities of the firm but can, and often do influence its long-run decisions. • Task environment (micro-environment) – This is the industry within which the business organization operates. This environment is characterized by various
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1) Macro environmental analysis Macro analysis is also known as PESTEL analysis which stands for- Political factors Economical factors Social factors Technological factors Environmental factors Legal factors Political factors The business operation of an organization is always influenced by the policies of state and its government. McDonald’s business is also under the control of government’s rules and regulations. The main issue of controlling food business is health and other issues
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External environment are the factors and forces outside the organisation which affect the organisation’s performance (Robbins, Bergman, Stagg, Coulter, 2009). The business environment is comprised of a set of relationships between agents or stakeholders in the environment – relationships that are changed by individual decisions taken (Mason, 2007). As HSBC operates internationally, its external environment is complex and due to the nature of the industry, the environment is turbulent
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External and Internal Environment Organizations normally operate in a network and are not entirely independent because of the several environments that influence their activities and actions. Some examples of internal and external factors are micro and macro environment that could influence Starbucks are; suppliers, competitors, customers, finances, economic, political, social, environmental, as well as legislation (Starbucks, 2010). Starbucks’ home market is based in the United States which
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Contemporary Approaches and the Environments of a Business Andre Scarlett The contemporary approach is the most modern approach to management; it has improved on and even integrated the key concepts created by the classical approach to management. The Contemporary approach has four main theories; Sociotechnical systems, Quantitative management, Organizational behavior, and Systems theory. The Sociotechnical Systems theory is an approach to job design that attempts to redesign tasks to optimize
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relationships within an organization’s internal and external environment, helps in identifying the threats and opportunities in the environment. Internal and External analysis should be considered. In external analysis, three correlated external environmental variables that should be scanned, studied, and analyzed — * immediate / industry environment * national environment * broader socio-economic environment / macro-environment 2. According to Porter, what determines the level of competitive
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direction of the Concord Bookshop? Explain by using PESTEL Framework. The PESTEL Analysis is a framework used to scan the organization’s external macro environment. The letters stand Political, Economic, Socio-Cultural, technological and Legal. The important principle is identifying the key factors from the wider, uncontrollable external environment that might affect the organization. In this scenario of Concord Bookshop these is no influence of Political factors for the change at all and there
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ANALYSIS OF MAHINDRA AND MAHINDRA AUTOMOTIVE 4 * Political, Economical, Social, Technological, Legal, Environmental. * It encompasses the important factors that influence strategic management. * It gives an overview of the different macro environmental factors that the company has to take into consideration. * It is a useful strategic tool for understanding market growth or decline, business position, potential and direction for operations. PESTLE ANALYSIS OF MAHINDRA AND MAHINDRA
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Company Case XEROX: adapting to the turbulent marketing environment Question 1 Micro environmental factors affecting XEROX: First, “the change” was one important factor affecting XEROX performance at late 1990’s. In this period Xerox failed to adapt itself to the rapidly changing marketing environment. Thus, customers stopped being dependant on the company’s leading products like “stand-alone copiers” to share their documents. The machines by which they could scan documents and customize them
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