Impact of External Macro Level Factors on Social...

Funder Mifflin Inc. Internal Memorandum Funder Mifflin Inc. Level 6, Juvenile House, 12 Independent Street, Adelaide Telephone: (07) 239-78-577 Facsimile: 323-7895 Date of Memo: 11th September 2012 To: The Manager, John Atkins From: Rudolf Kevin Subject: Impact of External Macro level Factors on Social Networking Industry Macro Level Environment Factors Macro environment factors are uncontrollable external forces that affect the normal operation of a business. These external and uncontrollable factors influence organizations decision making as well as performance and strategies (Weon Eunkyu, 2010). In addition, these factors often require changes in operating, management, production, as well as marketing strategies. These factors range from economic, demographic, legal, political, social conditions, technological changes as well as natural occurrences. Examples of the macro environment include competitors, changes in interest rates, changes in cultural preferences, and government regulations. These factors are always categorized using the acronyms PEST or PESTEL; standing for political, economic, social, and technological concerns and also includes environmental and legal factors. PEST Analysis Political There are several political factors that may affect business operations. These factors include taxation policies, government-issued safety regulations, the availability of government contracts, and shifts in the controlling political party. Other factorsShow MoreRelatedEnvironmental Analysis And Setting Strategic Goals1660 Words   |  7 Pagesconcern them, and more so, during the planning process. Diverse but overlapping environments ought to be monitored; the macro environment, the industrial environment, the competitive environment, and the organization’s internal environment (Ginter, 2013; Pfeiffer, 1986). At Rapha AL, my chosen organization, the environmental scanning will include distinct internal and external factors that would enable Rapha gain excellent understanding of the current and emerging issues that might affect it, and inspireRead MoreExternal Factors And The Business Model1480 Words   |  6 PagesExternal Factors and the Business Model To build a successful business model, the organization must analyze the business environment for external forces. Osterwalder and Pigneur (2010) discuss the importance of identifying the external factors in the business environment; the organization must be able to adapt the business model to the changing environment. External factors of demand play a critical role in developing a business model, an organization must quickly identify external threats andRead MoreStrategy Analysis : Facebook On Campus Website2333 Words   |  10 PagesOF FACEBOOK 1. INTRODUCTION: Facebook is the world’s most popular social networking website with an active user’s base of 1.35 billion. It was initially called face-mash which was an on-campus website created by Mark Zuckerberg and his friends in 2003 to share and exchange pictures of the on-campus students, but its immense popularity amongst the young students inspired Zuckerberg to launch it as a commercial social networking website in February 2004. Facebook provides a single platform whereRead MoreNoki A Finnish Multinational Communication And Information Technology Company Essay1489 Words   |  6 PagesThe company has had various industries in its 151-year history. Originally founded as a pulp mill ,and current focuses on large-scale telecommunication infra structures,and technology development and licensing.Nokia is also a major contrtibuter to the mobile telephony industry,having assisted in the development of the GSM and LTE standards ,and was,for a period ,the largest v endor of mobile phones in the world.Nokia’s dominance also extended into the smart phone industry through its Symbian platformRead MoreProduct Description, Current Market Condition And Analysis1760 Words   |  8 Pagesvehicles. Macro Environment (http://www.oxlearn.com/arg_Marketing-Resources-PESTLE---Macro-Environmental-Analysis_11_31) Macro environment include PESTLE analysis is the component which helps in scanning the businesses external macro environment. PESTLE stands for Political, Economic, Social, Technological, Legal and Environmental. Technological factor has the direct impact on the product as with the advancement of technology many changes have taken place in the different industries. As LitelokRead MoreEssay about Competitive Analysis for Cisco in China5180 Words   |  21 PagesIntroduction 5 Macro Environment Analysis (PESTEL Analysis) 5 Political Factors: 6 Economical Factors: 6 Societal Factors: 7 Technological Factors: 7 Legal Factors: 8 Micro Environment Analysis (VRIO Analysis) 8 Analysis of Competitive Environment 11 Porter’s Five Forces Analysis to the industry 11 Threat of New Entrants: 12 The Bargaining Power of Buyers: 12 Bargaining Power of Suppliers: 13 Threat of Substitute Products: 13 Rivalry among Existing Firms in the Industry: 13 Porters DiamondRead MoreCoca Cola And The Global Market990 Words   |  4 Pagesfor a long time the name Coke is a drink a couple of people around the world for over 128 years, from the drinks available from the local pharmacy in the city of Atlanta. To this day, the US s Coke is one of the world s most popular beverages. Macro Environment Political – A large multinational company such as Coca Cola has to comply with strict laws and legislation; this is not only within the US, but around the world where they also have a large influence in the global market. There are manyRead MoreHrm in Business Context Essay2961 Words   |  12 PagesA Report on Influences and Developments in the External Environment that have an impact on HR policies and practices,using the framework of STEEPLE By Amartya Basu(Registration No-201283862). Date:2/12/2012 Submitted in partial fulfilment of the requirement of the MSc Human Resource Management(Full-time) course. Acknowledgement: I would like to thank my teacher Mr. Chris Moore for his guidance and encouragement he has given me in writing this report. Abstract: This study is aboutRead MoreAnalysis Of Huawei Technologies Ltd. Essay2242 Words   |  9 Pagesfocus on the internal environmental analysis, then the micro and macro environmental analysis. To do so, we will use a range of marketing tools (Porter’s five forces, Marketing Mix, and PESTEL). 1. Internal Environmental Analysis The main focus of an internal environmental analysis is to focus on Huawei’s organizational culture, marketing mix and the key strength and weaknesses. Then we will discuss the factors that are likely to impact the firm’s success. (Huawei, 2016). 1.1. Organizational StructureRead MoreThe Mobile Phone Industry : A Innovative Segment Within The Ict Sector Essay2178 Words   |  9 PagesGlobal Smartphone industry Introduction The mobile phone industry is a very innovative segment within the ICT sector and the smartphone is becoming the standard configuration among the different types of mobile devices which is face and Serving the nationals in the world, where people could easily to buy one as the price between $20 and $1000 in any phone stores nowadays. Since the first touch-screen smart phone invented in the world which is call â€Å"Simon† launch by the IBM company in 1993, intelligent