External environmental factors?
HRD Paper 2008 Q1.External influences on employee Behavior
All outside factors that may affect an organization & an employee make up the external environment. The external environment is divided into Three parts: · Basic Factors · Directly interactive forces · Indirect interactive forces Basic Factors · Economic conditionsEconomic environment is an important element of general environment. Inflation, interest rate, unemployment etc. are its main elements. As these elements directly affect the business organizations, as well as employees. Decisions should be taken after having deeply studied and analyzed them. These elements do not remain under control of business. So, the business organizations cannot affect these elements. Rather the organizations are affected by them. i. Inflation: The price of goods and services goes high during the time of inflation. Companies have to pay high price for the necessary resources to produce goods or services. As a result, the cost of goods or services increases. The companies compulsorily increase the price of their goods or services to recover their investment. In this way, the price hike of goods or services directly affects the demand, or demand goes down. ii. Interest rate: If the rate of interest increases, the customers do not like to borrow money. Similarly, the companies also have to pay the interest rate if thy borrow. In this way, the cost of only increases resulting to price hike of goods or services. This affects demand or demand goes gown. iii. Unemployment: the unemployment situation also affects the demand of goods or services. So, this is also one of the important elements of economic environment. Companies get good chances to select employees. As only a small number of people decreases. As a result, the demand declines. ·Technological changes Advances in technology are the most frequent cause of change in organizations since they generally result in greater efficiency and lower costs for the firm. Technology is the way tasks are accomplished using tools, equipment, techniques, and human know-how. · Labour market conditions Scaricity of labour and employees improve the bargaining power of employees. They can demand better salary from there employees. · Labor unions Labor unions motivate employees time to time. · Law & regulations Political and legal environment is also included in general environment. Political philosophy, political system, political organizations, legal system, court, legal administration etc. are included in this. Theses elements also do not remain under the control of organizations. So, decisions should be taken after deep study and analysis of these elements. · Directly interactive: This environment has an immediate and firsthand impact upon the organization. A new competitor entering the market is an example. · Indirectly interactive: This environment has a secondary and more distant effect upon the organization. New legislation taking effect may have a great impact. For example, complying with the Americans with Disabilities Act requires employers to update their facilities to accommodate those with disabilities. Directly interactive forces include owners, customers, suppliers, competitors, employees, and employee unions. Management has a responsibility to each of these groups. Here are some examples: · Owners expect managers to watch over their interests and provide a return on investments. · Customersdemand satisfaction with the products and services they purchase and use. · Suppliers require attentive communication, payment, and a strong working relationship to provide needed resources. · Competitors present challenges as they vie for customers in a marketplace with similar products or services. The third type of external environment is the indirectly interactive forces. These forces include sociocultural, political and legal, technological, economic, and global influences. Indirectly interactive forces may impact on employee behavior. The sociocultural dimension is especially important because it determines the goods, services, and standards that society values. The sociocultural force includes the demographics and values of a particular customer base. · Demographics are measures of the various characteristics of the people and social groups who make up a society. Age, gender, and income are examples of commonly used demographic characteristics. · Values refer to certain beliefs that people have about different forms of behavior or products. Changes in how a society values an item or a behavior can greatly affect a business. (Think of all the fads that have come and gone!)
A deed of partnership is a form of deed that is used to transfer real property that will be owned by a partnership. The grantees must be identified as partners in a business partnership on the face of the deed. That type of conveyance creates a tenancy in partnership, which is a survivorship arrangement. Generally, if a member of a partnership that owns real property dies their interest in the real property passes to the other partners.
You should check with an attorney in your jurisdictions for the rules in your state.
What are the Objectives of a student seminar?
The objectives of a student seminar can be any like:
- making learning a fun
- entrusting students assignment to present
- inculcating presentation and leadership skills among students
- involving students to learn actively
- offering the presenter student an opportunity of interaction with peer students and staff
- assessing student while performing assignment
so on and so forth Contributed by:
Dr Saeed Anwar
Peshawar Medical College
NWFP, Pakistan
Does advertising have a bad influence on children?
Advertising isn't bad because it's the time we would go take a breather!
Which is the best university for bba in US?
You can obtain this information by going to www.collegeboard.com/splash/ and using the sites College MatchMaker search engine, or you can also click on the related links below which will take you directly to the site. You can research colleges and universities by name, or by programs of study, or by geographical location, size, or combinations of all etc. The site will provide you with a list of institutions based on your request. It will give you the schools background, accreditation, degree offerings, programs of study, entrance requirements, tuition and fees, athletic programs etc. and a link to each institutions official web page. Make sure the college or university has a regional accreditation (most important). Practice navigating this site. It will be well worth the time and effort.
Business Week's comprehensive rankings of the top B-school programs, and extensive profiles of hundreds of other full-time MBA courses. Following is a geographic breakdown of fulltime courses, so you can find a program near where you live, or where you want to study and maybe work. From this page, you can scan in-depth profiles of the leading B-schools, as well as profiles of hundreds of other full-time programs. Use the MBA search tool to find the programs that fit your needs or use the interactive tools to compare programs. see links below for search
Honestly, there is no one person that "owns" the contact list. Ultimately, the clients are the company's clients, however, if you were to leave the current sales job for a job in a new company with the same or similar territory, u can bring your book of business with you, provided you have not signed a non-compete and you have an established business relationahip..
How you have to prepare the bba entrance exam in Nepal affiliated to kathmandu universities?
120 marks....two hours.... Each carry 1 mark... From physics bio math chemistry... All d best
social stratification is a concept involving the "classification of people into groups based on shared socio-economic conditions ... a relational set of inequalities with economic, social, political and ideological dimensions.
What are some business related interests?
Investing, finance, business ethics, Six Sigma/quality management,
What is the top two engineering university of Bangladesh?
Bangladesh University of Engineering and Technology (BUET) and Rajshahi University of Engineering and Technology (RUET) based on teachers performance and students performance in various sectors. Also includes the researchs and inventions.
Why is breakfast important for a student?
breakfast is important to students as they have to go out and study.this requires energy which is provided by breakfast
What are the qualifications for mananging your own business?
1 - You should know the industry VERY well.
2 - You should be detail oriented.
3 - You should be willing to listen to advice, and know what is good and bad... by asking questions from competent sources.
There are various aspects of a business that the owner must manage. You must be able to step back and make good decisions.
There is an old addage: As a business owner you should work ON your business, not IN your business. Lots of truth in that statement.
What is the purpose of mainframe computer?
Mainframe systems are designed to be used by large numbers of people. Most of
those who interact with mainframes are end users-people who use the
applications that are hosted on the system. However, because of the large
number of end users, applications running on the system, and the sophistication
and complexity of the system software that supports the users and applications,
a variety of roles are needed to operate and support the system.
Describe development opportunities that can enhance your practice?
Try to get as much feedback from colleagues/ customers as possible. The reasons for this are pretty self explanatory. Self assess where possible, evaluate work, see what can be improved next time, what is good about the work that you can use for your next assignment/ presentation.
(Try to get as much free ''on the job'' training as you can because its usually provided by your employer and it can be very beneficial to help you with either lone working or team working. Plus it's another thing to put on your CV!!)
Yes you can enrol for cfa during your bba program but you must be graduate enough before you can write your cfa level 2 exam
What schooling do you need for a pharmaceutical sales rep?
Many employers hire individuals with previous sales experience who lack a college degree, but hiring candidates with a college degree is becoming increasingly common. Regardless of educational background, factors such as personality, the ability to sell, and familiarity with brands are essential to being a successful sales representative. Education and training. Since there is no formal educational requirement for sales representative, their levels of education varies. Having a bachelor's degree can be highly desirable, especially for sales representatives who work with technical and scientific products. This is because technological advances result in new and more complex products. Additionally, manufacturers' representatives who start their own independent sales company might have an MBA. As shown in the tabulation below, in 2006 many sales representatives had a bachelor's degree, and many others had some college classes. Some, however, had no degree or formal training, but these workers often had sales experience or potential. High school graduate or less - 27 percent
Some college, no degree - 19
Associate's degree - 9
Bachelor's degree - 38
Graduate degree - 6 Many sales representatives attend seminars in sales techniques or take courses in marketing, economics, communication, or even a foreign language to provide the extra edge needed to make sales. Often, companies have formal training programs for beginning sales representatives lasting up to 2 years. However, most businesses accelerate these programs to reduce costs and expedite the returns from training. In some programs, trainees rotate among jobs in plants and offices to learn all phases of production, installation, and distribution of the product. In others, trainees take formal classroom instruction at the plant, followed by on-the-job training under the supervision of a field sales manager. Regardless of where they work, new employees may get training by accompanying experienced workers on their sales calls. As they gain familiarity with the firm's products and clients, the new workers are given increasing responsibility until they are eventually assigned their own territory. As businesses experience greater competition, representatives face more pressure to produce sales. Other qualifications. For sales representative jobs, companies seek the best and brightest individuals who have the personality and desire to sell. Those who want to become sales representatives should be goal oriented, persuasive, and able to work well both independently and as part of a team. A pleasant personality and appearance, the ability to communicate well with people, and problem-solving skills are highly valued. Patience and perseverance are also keys to completing a sale, which can take up to several months. Sales representatives also need to be able to work with computers since computers are increasingly used to place and track orders and to monitor inventory levels. Manufacturers' representatives who operate a sales agency must also manage their business. This requires organizational and general business skills, as well as knowledge of accounting, marketing, and administration. Usually, however, sales representatives gain experience and recognition with a manufacturer or wholesaler before becoming self-employed. Certification and advancement.Certifications are available that provide formal recognition of the skills of sales representatives, wholesale and manufacturing. Many obtaining certification in this profession have either the Certified Professional Manufacturers' Representative (CPMR) or the Certified Sales Professional (CSP), offered by the Manufacturers' Representatives Education Research Foundation. Certification typically involves completion of formal training and passing an examination. Frequently, promotion takes the form of an assignment to a larger account or territory where commissions are likely to be greater. Those who have good sales records and leadership ability may advance to higher level positions such as sales supervisor, district manager, or vice president of sales. Others find opportunities in purchasing, advertising, or marketing research. Advancement opportunities typically depend on whether the sales representatives are working directly for a manufacturer or wholesaler or if they are working with an independent sales agency. Experienced sales representatives working directly for a manufacturer or wholesaler may move into jobs as sales trainers and instruct new employees on selling techniques and company policies and procedures. Some leave the manufacturer or wholesaler and start their own independent sales company. Those working for an independent sales company can also advance by going into business for themselves or by receiving higher pay. For the source and more detailed information concerning your request, click on the related links section indicated below.
"It is the branch of logistics that deals with the tangible components of a supply chain which covers the acquisition of spare parts/replacements, quality control of purchasing and ordering such parts/replacements, and the standards involved in ordering, shipping, and warehousing the said parts/replacements."
You can visit the link below for more information.
Can you receive a masters degree in business education with a bachelors in business administration?
People who pursue a masters degree come from a variety of educational backgrounds and not necessarily the one they took their bachelors in. Just make sure the masters you are taking brings into reality the overall career goals and objectives you have set for yourself. Thus, the answer is yes you can, but I would urge you to be specific as to what it will do for your in the end. Be specific in your intent.
People who pursue a masters degree come from a variety of educational backgrounds and not necessarily the one they took their bachelors in. Just make sure the masters you are taking brings into reality the overall career goals and objectives you have set for yourself. Thus, the answer is yes you can, but I would urge you to be specific as to what it will do for your in the end. Be specific in your intent.
People who pursue a masters degree come from a variety of educational backgrounds and not necessarily the one they took their bachelors in. Just make sure the masters you are taking brings into reality the overall career goals and objectives you have set for yourself. Thus, the answer is yes you can, but I would urge you to be specific as to what it will do for your in the end. Be specific in your intent.
People who pursue a masters degree come from a variety of educational backgrounds and not necessarily the one they took their bachelors in. Just make sure the masters you are taking brings into reality the overall career goals and objectives you have set for yourself. Thus, the answer is yes you can, but I would urge you to be specific as to what it will do for your in the end. Be specific in your intent.
People who pursue a masters degree come from a variety of educational backgrounds and not necessarily the one they took their bachelors in. Just make sure the masters you are taking brings into reality the overall career goals and objectives you have set for yourself. Thus, the answer is yes you can, but I would urge you to be specific as to what it will do for your in the end. Be specific in your intent.
People who pursue a masters degree come from a variety of educational backgrounds and not necessarily the one they took their bachelors in. Just make sure the masters you are taking brings into reality the overall career goals and objectives you have set for yourself. Thus, the answer is yes you can, but I would urge you to be specific as to what it will do for your in the end. Be specific in your intent.
What is the difference between public administration and business administration?
=public administration is the administration that deals with people while business administration is the administration that deals with business organisation. =public administration is the administration that deals with people while business administration is the administration that deals with business organisation.