Essays on External Factor

Introduction

External environment analysis is a comprehensive look at the organization’s strengths and weaknesses through examining the external factors of the market. There is a wide range of external forces that directly affect the sustainability and performance of the organization. The external environment analysis assesses the level of threat, risk, and opportunity in the outside environment. It helps the organization to make effective decisions on the basis of evaluation and improve the organizational performance. It helps the management to align strategies with the company’s environment. External environment factors are difficult to handle and some factors are uncontrollable that ...

Background Information

Harley-Davidson Inc. is one of the largest motorcycle manufacturing companies that has not only dominated the United States market, but also other parts of the world. The Company has 100 years experience in terms of motorcycle manufacturing and has attracted a broad base of clients across the United States (Brannen, Jeffrey and Nabil, 11). Economists have mentioned that Harley Davidson Inc. is one of the two motorcycle manufacturing companies that did not experience significant impact as a result of the Great Depression (Zarco and Morgan, 47). Besides, the company has undergone a series of management as well as ownership ...

Influencing Factors on the Consumer Decision Process

It is understood that before consumers make the actual purchase for a product, they have to go through a buying decision process. The theory has presented the process in detail because these are the steps which customers experience either consciously or unconsciously to purchase a product or a service. The customers of Canon G7x would have to go through a series of steps before they decide to buy the camera. Before going into the details of describing the consumer buying process, a strong understanding of the consumer involvement theory needs to be developed. The theory is based on the ...

Introduction

Amazon is an organization that started in 1994, as the earth’s biggest bookstore. The company in 1997, via IPO, raised $50 million. In 1999, the business explored new business models, marketplaces, and auctions. In 2000, after the fall in GP, the business shifted towards traditional retailers. The objective of this paper is to analyze the case “Amazon.Com the Brink of Bankruptcy” presented by Lynda M. Applegate in 2013. For the attainment of the purpose, the paper has been divided into seven segments. Each segment presents worthwhile information.

Financial statement analysis refers to the evaluation of the profitability, stability, ...

Competition is one environmental factor that has great impact to McDonald’s operations. It is worth noting that many companies have entered the fast food industry posing a great challenge to the existing companies such as McDonalds. Some of the company’s key competitors include Taco Bell, Subway, Burger King and Wendy’s. Currently, these companies are outperforming McDonalds regarding stock. Besides, their market share is growing slowly with time thus proving threat on McDonald’s ability to compete in the market in the future (Marne et al 2). The social environment is another factor that has a great ...

Introduction

This report discusses the strategies that are used by Trader Joe’s. It discusses the problems that Trader Joe is facing related to strategies and how those problems can be solved. The following things will be discussed in detail that which strategies Trader Joe’s should use to improve its performance and to gain a competitive advantage. In short, this report is a strategic analysis of Trader Joe’s.

Company Background

Trader Joe’s was established by a person named “Coulombe.” After completing his education, Coulombe started working with a company. He worked some time with a company and after that ...

Conclusion on Pest Analysis

The political, economic, socio-cultural and technological trends significantly affects the performance as well as the strategic marketing plan of MCRI. From the research on the political trends it shows that MCRI is affected by the upcoming election in 2016. In 2012, Obama won for a re-election which supported the sustainability plan previously initiated under the same administration prior to 2012. However, in 2016 remains to be seen. It is identified as a threat because of the uncertainty in how the new sets of leaders would address the concerns of the industry where MCRI belongs. Policies, laws and stipends might be revoked, ...

Accuray Inc (ARAY), a corporation specialized in dealing with radiation therapy and radio surgery, has been described by business analysts as one of the greatest beneficiaries of technology (Accuray, 2012). Technology, which is a key factor of the external environment of all corporations, has given Accuray Inc an upper hand both internally and externally. From the internal sense, the organization has used technology to come up with devices that give it considerable competitive advantage in the industry. Arguably, the cyberknife and tomotherapy are technologies that are synonymous with Accuray Inc. Embracing such technology has enabled the organization possess that which the ...

One of the most discussed and controversial questions of the past thirty years is the question of the gay marriages. Although it has attracted a lot of attention of the scientific community, that has studied the problem seriously, researchers still cannot reach an agreement on the issue whether or not same-sex marriages should be legalized. Even the more difficult situation is with homosexual parenting: many psychologists consider that raising the child in homosexual family would harm his mental health. Though, another percentage of scientists prove that there is no difference between raising the children in the traditional and nontraditional families. ...

Antisocial personality disorder and criminality

Societal expectations from rational humans are often viewed as demanding, but high tolerance is exercised on the situations that depict some form of deviations, which do not last for long. When the variance from the expected norm is extreme and last for relatively long, the affected individuals are said to be suffering from antisocial personality disorder. A psychiatric condition characterized by adamant behaviors, which tend to exploit, manipulate and violate the liberties of humans, animals and other societal elements, antisocial personality disorder is one of the factors that motivate the engagement of vices in the society. Persistent disregard to ...

Business Models

Introduction In the face of intense dynamism and competition in businesses, there is need for business people to adopt business models that assure them of sustainability. This essay explores the Role of external factors of demand play in successful business models, discusses “Business Model Design and Innovation” and also highlights the challenges involved in “Business Model Design and Innovation”.

Business models refer to the foundations of creating, capturing and delivering value to customers. External factors of demand are the influences beyond the control of the business person that are bond to impact on the demand of goods and/or ...

Louis Vuitton is a French company that operates in the fashion industry. The company has over the years been referred to as LV in shorter form and was founded in the year 1854 (De Barnier & Valette, 2013). It is commonly known for a variety of products that includes jewelry, truck, shoes, books, sunglasses, accessories and leather products. It is considered among the leading world leading fashion house that sells its products through various stand alone boutiques or even lease departments through am electronic commerce platform. For the last six years, the company has been named by various agencies as the most ...

Headquartered in Dallas and plying its business operations across various parts in the United States, HollyFrontier Corporation experiences a number of external factors that influence its business operations (Markides, 2004). These factors include the following; - Competition Above all, competition is perhaps the most comprehensive external factor faced by this Company. Notably, HollyFrontier Corporation faces immense competition from its major competitors including Exxon Mobil Corporation, Western Refining Inc., as well as Valero Energy Corporation. For this purpose, HollyFrontier has to streamline its operations in order to suit the needs of its customers; hence, gain a competitive edge over the ...

Both the internal and external factor matrices are strategic tools used to address audit the performance of an organization with in relation to its strengths, weaknesses, opportunities and threats that face the organization. These matrices are used by policy makers in formulating the strategic direction of an organization. In order to put together the external and internal factor matrices, a policy maker in an organization has to identify all the external factors that affect the organization's strategic position in relation to other players in the industry. It's also imperative that the factors that are internal to the organization, and ...

Introduction

Reality TV shows such as American Idol and the Bachelorette are amongst the top rated shows which attract the youth. The reason of appeal maybe accredited to the satisfaction consumers achieve by watching these shows as they relate and identify with these depictions. Marketers often use advertisements during these shows (such as the Coke can in the American Idol show) to promote their brands on a channel being highly viewed by the consumers. People engage in different behaviors when they are about to purchase a product and their consumption behavior is often affected by the advertisements, promotional deals, price, the packaging ...

Abstract

This paper discusses three main questions in three separate essays for each question. The purpose of this paper is to show the extent of learning the student has undergone during the course. The first essay is about the responsibilities of professional engineers on how they have to take decisions based on logical and valid arguments while keeping technical limitations in mind. There are several external factors which are beyond the control of an organization which are described in second essay. The last essay explains about how leadership involves a different kind of function and mind set as compared to managers.

Introduction

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