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Change in government regulation affect on buniess performance and business stability.
The external factors which affect a company's planning and performance, and are beyond its control: for example, socio-economic, legal and technological change.
The main factors which could influence the marketing mix are:- Finance:The business should consider how much money is to be spent on marketing.- Needs of the market:The business should continue to carry out market research as the business grows, as the needs of customers change over time.- Competitors:The marketing mix can be used as a response the actions of actions of competitors in the market. This may include introducing a rival product or matching new prices.- Technology:The business may change where goods are brought and sold, according to changes in technology. An example of this is the major source of business, the Internet.
how domographic affect marketing how domographic affect marketing
If there is anything that is stead fast and unchanging, it is change itself. Change is inevitable, and those organizations who do not keep up with change will become unstable, with long-term survivability in question.There are things, events, or situations that occur that affect the way a business operates, either in a positive or negative way. These things, situations, or events that occur that affect a business in either a positive or negative way are called "driving forces or environmental factors or forces."There are two kinds of driving forces; Internal driving forces, and external driving forces. Internal driving forces are those kinds of things, situations, or events that occur inside the business, and are generally under the control of the company. Examples might be as follows.· organization of machinery and equipment,· technological capacity,· organizational culture,· management systems,· financial management· employee morale.External driving forces are those kinds of things, situation, or events that occur outside of the company and are by and large beyond the control of the company. Examples of external driving forces might be, the industry itself, the economy, demographics, competition, political interference, etc.Whether they are internal or external driving forces, one thing is certain for both. Change will occur! A company must be cognizant of these changes, flexible, and willing to respond to them in an appropriate way.External driving forces can bury a business if not appropriately dealt with. The question is, how does a business know what changes are occurring so that they can deal with them in a positive way. OK, that's the next issue.In order for a business to succeed and gain the competitive edge, the business must know what changes are indeed occurring, and what changes might be coming up in the future. I guess you might call this forecasting. Thus, critical to the business is what we call "informational resources." It is the collection and analyzation of data. Some examples of critical information might include the following:Competition (what are they doing?)Customer behavior (needs, wants, and desires)Industry out look (local, national, global)Demographics (the change populations, there density, etc.)Economy (are we peaking, or moving negatively)Political movements and/or interferenceSocial environmentTechnological changesGeneral environmental changesGovernment interference (laws, regulations, policies, ect.)The above are just some issues organizations must be on top of. Well it's never easy, but organizations that are successful include all of the above (and more), to develop the appropriate tactics, strategies, and best practices, to ensure successful out comes.
Change in government regulation affect on buniess performance and business stability.
influence, change, impress, prevail
Change agents affect change in and outside of the organization. A change agent can be a manager, or they can be the government.
Excel allows you to change values in a worksheet quickly and easily. How is this helpful in running a business? How can changing values affect business decisions?
· Government, legal framework, economic climate, world events, pressure groups, consumer's tastes, change in population, competition, social factors, environmental factors.
"Influence" refers to the ability to have an impact on someone or something, while "affect" typically refers to the emotional or psychological impact that something has on a person. Influence implies a more active role in shaping outcomes, whereas affect focuses on the response or reaction to an influence.
The two separate words are :AFFECT (verb) - to influence or alterEFFECT (noun, verb) - a result, consequence, or change ; to bring aboutThe verb effect means to bring about, as to effect a change. It should not be used instead of affect, which is to influence, as to affect the economy.
Changes in the external environment such as change in light or distance affect hand-eye coordination by distance and location perception. The change in pitch field orientation also affects coordination in the same manner.
http://www.redruth.cornwall.sch.uk/content/departments/business/notes/External/02_SLEPT_Analysis_Social.pdf
the large a business grows the more exposed it is and the involved with the external environment
Internal variables are those that are within the control or influence of the system or entity being studied, while external variables are those that are outside of its control or influence. Internal variables are typically more easily manipulated in an experiment, while external variables are often more difficult to control for.
Poor internal management may influence a need for change in an organization. External competition may also be a factor that influences change in industrial relations.