Whatever organization you choose and whichever theme you chose, you must clearly demonstrate knowledge and understanding from research and reading wider than that contained in the module pack and core textbook.
External environment theory External influences Businesses operate in an external environment in which as well as competition from rivals businesses have to take account of legal, political, social and economic influences. Social factors Sim337 essay to change is society and social structures.
Changes in the structure of the population, and in consumer lifestyles and behaviour affect buying patterns. Legal factors Relate to changes in laws and regulations. Businesses must be careful to keep within the law and to anticipate ways in which changes in laws will affect the way they must behave.
Economic factors Relate to changes in the wider economy. A growing economy provides greater opportunities for businesses to make profits, so businesses welcome rising living standards.
Political factors Relate to ways in which changes in government and government policy can influence business.
Technological factors Provide opportunities for businesses to adopt new breakthroughs, innovations, and inventions to cut costs and develop new products. For example, social factors that it needs to be aware of include changing patterns of eating. Today many consumers like to eat 'on the go' so bite sized chocolate treats are in great demand to top up consumers energy supplies.
Legal factors to be kept an eye on include European Union regulations about the content of products that can be advertised as chocolate. Economic factors relate to changes in living standards and how these affect consumptions patters. Technological change is particularly important today, for example, the development of new technologies that have enabled variations on chocolate bars to be produced in an ice cream format.
Political changes are closely tied up with economic ones and relate to changing governmental influence. For example, a change from a Labour to a Conservative government would effect taxation policies which would impact on the cost of chocolate production.
Environmental scanning The process whereby businesses examine the external environment to identify key structural changes in the world around them which affect demand and supply conditions for their products.Scribd is the world's largest social reading and publishing site.
Contemporary Developments In Business And Management (Sim) This is a REPORT not an essay and must be presented in report format and style. This is an academic piece of work therefore you are expected to link theory and practice. Contemporary Developments in Business and Management (SIM) Report Brief – January-February 2 In relation to your chosen theme i.
analyse its relevance to your chosen organization and how it influences policies and decision-making within your chosen organization or industry-sector. Contemporary Developments in Business and Management (SIM)Assessment weighted at % assessing all module learning monstermanfilm.comty:Prepare a management report of 3, to 4, words* on an organizationwithin the manufacture of textiles, manufacture of wearing apparel orfood and beverage service activities ** in a country or countries with whichyou are familiar.
SIM - Sample Exam and Marking Guide.
International Marketing Course monstermanfilm.com Project Management of Prodcut Launching Week 7 (1) Bad Feminist: Essays. Steve Jobs. Angela's Ashes: A Memoir.
How To Win Friends and Influence People. Extremely Loud and Incredibly Close: A Novel. Hanh Lien Nguyen, University of Sunderland, Business Management Department, Department Member. Studies Business Management, Management, and Business.