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Why is it important to develop effective internal and external networks?
Wiki User
∙ 10y ago
Success in the modern workplace often requires more than the education and skills necessary to perform a job. A friend that can put in a good word for you might be worth more than a high grade-point average when trying to secure a job or a new client. Developing a network of contacts inside and outside of your organization can be beneficial in many ways, especially if you plan to start your own company at some point in the future.
Wiki User
∙ 10y ago
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Marketing intermediaries are important to the micro environment of the marketer Who represent this group and what are their activities that can pose threat or bring opportunities to the marketer?
17. Why are intermediary networks of importance to the international marketer, and how should they be taken into consideration? ---- Hi.. Well packaging is important for brand perception and its loyalty in the mind of customer. In the success of brand packaging plays an important role it persuade customer to buy especially for specific type of customers who get perception of product from packaging. -- Ketan Verma
The buying and selling of products and services via computer networks is called?
Ecommerce short for Electronic Commerce
How much does fidelity investments spend on advertising?
Billions!! Why do you think networks only endorse Fidelity, Vanguard and Schwab?
Why is online advertising used?
As the owner of a new local business, I have found that online advertising is the single most effective way to attract new customers. We carefully track referral sources, and have found that 40-50% of new customers heard about our business online. I view online advertising as composed of four main components: a high quality website, organic search, paid advertising, and social networking (there is some overlap, e.g. social networks such as Facebook have paid advertising programs as well). For small or start-up businesses on a tight budget, organic search (i.e. being found through queries on the major search engines) is the least expensive method of online advertising - it is essentially free!. The key to being found by the search engines is creating high quality content on your website. If you are technically oriented, you can also dive into the world of SEO (Search Engine Optimization) to try to increase our exposure on the web. I have also found that for a local business, highly targeted paid online advertising (on social networks or via local high traffic information sites) can be a very cost effective way to make customers aware of your business.
Necessary to do a swot analysis?
why it is nessary to do swot analysis for any business before going to stretagy A scan of the internal and external environment is an important part of the strategic planning process. Environmental factors internal to the firm usually can be classified as strengths (S) or weaknesses (W), and those external to the firm can be classified as opportunities (O) or threats (T). Environmental analysis identifies opportunities and threats.And Organisational analysis identifies strengths and weaknesses.Altogether they are commonly is referred to as a SWOT analysis. SWOT analysis means analysing strengths, weaknesses, opportunities and threats. The SWOT analysis provides information that is helpful in matching the firm's resources and capabilities to the competitive environment in which it operates. It is a useful strategic planning tool. It is based on the assumption that if managers carefully review internal strengths and weaknesses and external threat and opportunities, a useful strategy for ensuring organisational success can be formulated. As such, it is instrumental in strategy formulation and selection. Strength. A firm's strengths are its resources and capabilities that can be used as a basis for developing a competitive advantage. It is an important organisational resource which enhances a company, competitive position. Some of the internal strengths of an organisation are: -Distinctive competence in key areas -Manufacturing efficiency like exclusive access to high grade natural resources -Skilled workforce -Adequate financial resources -Superior image and reputation such as strong brand names -Economies of scale -Superior technological skills -Insulation from strong competitive pressures -Product or service differentiation -Proprietary technology such as patents and resultant cost advantages from proprietary know-how -favorable access to distribution networks Weaknesses A "weakness"is a condition or a characteristic which puts the company at disadvantage. The absence of certain strengths may be viewed as a weakness. Weaknesses make the organisation vulnerable to competitive pressures. Weaknesses require a close scrutiny because some of them can prove to be fatal. Some of the weaknesses to be reviewed are: · No clear strategic direction · Outdated facilities · Lack of innovation is Complacency lack of patent protection · Poor research and developmental programmes · Lack of management vision, depth and skills · Inability to raise capital · Weaker distribution network · Obsolete technology · Low employee morale · Poor track record in implementing strategy · Too narrow a product line · Poor market image · Higher overall unit costs relative to competition. * a weak brand name * poor reputation among customers * high cost structure * lack of access to the best natural resources * lack of access to key distribution channels Opportunities The external environmental analysis may reveal certain new opportunities for profit and growth. An "opportunity" is considered as a favourable circumstance which can be utilised for beneficial purposes. it is offered by outside environment and the management can decide as to how to make the best use of it. Such an opportunity may be the result of a favourable change in any one or more of the elements that constitute the external environment. It may also be created by a proactive approach by the management in moulding the environment to its own benefit. Some of the opportunities are: · Strong economy · Possible new markets and an unfulfilled customer need · Emerging new technologies · Complacency among competing organisations · Vertical or horizontal integration · Expansion of product line to meet broader range of customer needs · removal of international trade barriers . loosening of regulations Threats Changes in the external environmental also may present threats to the firm. Management should anticipate such possible threats and prepare its strategies in such a manner that any such threat is neutralised. Some examples of such threats include: . shifts in consumer tastes away from the firm's products . emergence of substitute products . new regulations . increased trade barriers · Entry of lower cost foreign competitors Cheaper technology adopted by rivals · Rising sales of substitute products · Shortages of resources · Changing buyer needs and preferences · Recession in economy · Adverse shifts in trade policies of foreign governments · Adverse demographic changes The SWOT Matrix A firm need not necessarily pursue the more lucrative opportunities. Rather, it may have a better chance at developing a competitive advantage by identifying a fit between the firm's strengths and upcoming opportunities. In some cases, the firm can overcome a weakness in order to prepare itself to pursue a compelling opportunity. SWOT analysis involves evaluating a company's internal environment in terms Of strengths and weaknesses and the external environment in terms of opportunities and threats and formulating strategies that take advantage of all these factors. To develop strategies that take into account the SWOT profile, a matrix of these factors can be constructed. The SWOT matrix (also known as a TOWS Matrix) is shown below: SWOT / TOWS Matrix Strengths WeaknessesOpportunities S-O strategies W-O strategiesThreats S-T strategies W-T strategies · S-O strategiespursue opportunities that are a good fit to the company's strengths. · W-O strategies overcome weaknesses to pursue opportunities. · S-T strategies identify ways that the firm can use its strengths to reduce its vulnerability to external threats. · W-T strategies establish a defensive plan to prevent the firm's weaknesses from making it highly susceptible to external threats.
Which network service allows internal addresses to be hidden from outside networks and allows several internal hosts to use the same external address?
NAT (Network Address Translation) offers this service.
What is a software application on a network host that acts as an intermediary between the external and internal networks screening all incoming and outgoing traffic?
proxy service
Can you identify the advantages of using network address translation NAT in a network?
Internal addresses are hidden from external networks A company needs fewer registered IP addresses to access the Internet
What is an internal wireless device?
That is a device that is inside the computer. An internal hard drive, for instance, is physically mounted inside the computer. It is not made to be used outside the computer, though there are kits to convert internal hard drives into external drives. There are external storage devices that are made to plug into a USB port. External devices either require their own power supply, or they get power from a USB socket. Internal devices get their power from the power supply which is already in the computer.
Why are computer networks so important in modern life?
because networks are mad with networks
Why are networks important?
Networks are the main source of communication and sharing resources.
What is an external modem?
External modems are communication devices that computers utilize to connect to public networks like the Internet. A modem that sits inside the computer is called an internal modem, while modems that sit exterior, are external modems. The type of modem you require depends on the type of Internet access service you desire. There are two general categories: Basic dial-up service, and high-speed broadband service.
How Threat Actors Compromise Call Centres?
Cyberattackers launch their attacks through Credential compromise Phishing Malicious websites Infected email attachments Infected USB storage media Insecure networks Vulnerabilities in hardware and software Attackers need not be external to the organisation. Internal attackers may use the same methods as external attackers but have greater impact because they have legitimate access to devices, networks, and data and are familiar with the organisation’s security measures. With this background, we can examine how call centres can enhance cybersecurity in their facilities.
Which describes how media and networks interact?
(Apex) Media are connected to networks that make information easier to share and access.
What routing protocol is most commonly used to manage routing between Internet Service Providers ISPs?
BGP is always used as the routing protocol of choice between ISPs (external BGP) but also as the core routing protocol within large ISP networks (internal BGP).
What are three internal factors that affect data networks?
-The size of the message -The complexity of the message -The importance of the message
How could you build a professional network?
Networks can be formal and informal, or internal or external to the organisation. Within your own department or section there are a number of networking opportunities. The value of developing those networks is very useful in maintaining workplace relationships.The corridor chat can be as valuable as the structured formal team meeting. As you develop networks, as you grow as a manager, you will discover opportunities for personal and career development. It is important to recognise the value of networks that are not necessarily obviously present in your workplace, but those that exist outside of it.Building a professional network of clients and contacts for your business involves how you relate to people. Developing a professional network includes awareness of people who interact with your business, having a positive attitude about people, communicating effectively with people, and doing the things that build strong relationships.
