The sale of a product for which the demand is income elastic naturally increases with an increase in income. The macro environment can also greatly affect consumers directly, affecting their ability and willingness to spend.
The economic condition of a country, for example level of income, distribution of income and assets, economic resources, and stages of development are among the very important determinants of business strategies.
If a business employs staff without motivation, skills or experience it will affect customer service and ultimately sales. Recommendation and Implementation………………16 Bibliography…………………………………………18 This research proposal focuses on Hewlett-Packard Company, one of the biggest information technology corporations of the world and comes second after IBM.
One suggestion is the presence of a great target market for HP, bearing in mind the United States high population. In a modern business, social and cultural forces usually influence the welfare of a business concern in the long run.
The basis for these factors is formed by the fact that people are part of a society and cultural group that shape their beliefs and values. The technological developments are strong and pervasive force in the business environment. The firm's marketing plan should aim to attract and retain customers through products that meets their "wants and needs" and excellent customer service.
The higher the educational standard, the higher is the demand. However, DELL computers sees great potential in those countries which loose their restrictions. The government has incessantly reduced authoritarian and other barrier to trade through custom procedures, procedural regulations, certifications, import licensing, and export boundaries focusing taxes and partial VAT rebates.
Weaknesses of Lenovo According to Mehtaa conversion strategy should be adopted after strategic analysis in order to formulate strategies that can secure the positive development of a company. The manufacturing units and factories, for instance, will not be suitably located in the hilly regions for difficulties in transport, unless raw materials availability or suitable climatic conditions justify its location in that region.
Employees Employing staff with relevant skills and experience is essential. They exercise considerable influence on the government and thereby attempt to mould economic environment in their favour. For instance, symbols may carry a negative meaning in another culture.
The social environment includes all factors and trends related to groups of people, including their number, characteristics, behavior, and growth projections. Brand marketing partly promotes brand loyalty. There are economic-related problems in the United States that could hinder the growth and strategic planning in the economy.
The population may also shift from rural to cities or visa versa. Suppliers Suppliers are those who make available goods and services which are transformed into value by an organization.
Therefore, the instructions are first exported into a. Otherwise, the products will soon be outdated, and the company will miss new product and market opportunities. This sector in fact accounts for The economic environment of the country includes economic system, macroeconomic parameters, and stages of business cycle, financial system and economic policies of the government.In general, HP continues to perform as solidly as it has in the recent past, and I don't expect the tides to turn anytime soon - absent a major macro shock that could sink all boats in the tech space.
corresponding commands of Hewlett-Packard’s PCL language. This manual describes the PCL 5 printer language. This includes environment, user default environment, and the modified print This chapter describes macro commands which store a block of PCL.
The Macro Environment Analysis is the first step of a strategic analysis which in turn kicks off the traditional; strategic planning cycle; it is sometimes referred to as an external analysis, a pest analysis or a pestle analysis. What is a 'Macro Environment' A macro environment is the condition that exists in the economy as a whole, rather than in a particular sector or region.
In general, the macro environment includes. In analysing the macro environment, it is important to identify the factors that in turn affect a number of vital variables that influence organisation's supply and. The macro-environment outlines an industry and the competitive environment as seen in figure(Gamble, Peteraf, Thompson, 39).
Within the macro-environment there are the political factors, economic conditions, sociocultural forces, technological factors, environment forces, and legal/regulatory factors.Download