1. Businesses may face problems due to restrictive business environment which may be because of rigid government laws (e.g. no polluting industry can ever be located within a 50 Km radius of the Taj Mahal) , state of competition etc.
2. The present and future viability of an enterprise is impacted by the environment. For e.g. no TV manufacturer can be expected to survive by making only the traditional cathode-ray tube television sets when consumer preference has clearly shifted to plasma and LCD television sets.
3. The cost of capital and the cost of borrowing - the two key financial drivers of any enterprise are impacted by the external environment. For e.g. the ability of a business to fund its expansion plan by raising money from the stock markets depends on the prevalent public mood towards investment in stock markets.
4. The availability of all key inputs like skilled labour, trained managers, raw materials, electricity, transportation, fuel etc., is a factor of the business environment.
5. Increasing public awareness of the negative aspects of certain industries like hand woven carpets (use of child labour), pesticides (damage to environment in the form of chemical residues in groundwater), plastic bags (choking of sewer lines) have resulted in the slow decline of some industries.
6. Finally, the environment offers the opportunities for growth and profits. For e.g. when the insurance and the aviation industrieswerethrown open to the private sector, the new entrant could easily build on the expectations of the public.
The stage where you assess how well you understood a speech is the evaluation stage. It involves reflecting on the content, identifying key points, and determining your level of comprehension.
To write a compare and contrast analysis, start by identifying key similarities and differences between the two subjects. Then, organize your analysis by creating a list or table to clearly outline these points. Finally, write a well-structured essay that discusses these comparisons and contrasts in detail, using specific examples to support your points.
During the evaluation stage of the listening process, you would determine how well you understood a speech. This evaluation involves reflecting on your comprehension of the message and assessing whether you grasped the key points accurately.
Highlighting important information helps draw attention to key points, making it easier for readers to identify and remember key details. This can improve understanding and retention of the highlighted information, making it more likely to be noticed and understood.
Ways of analyzing influences include conducting a SWOT analysis (Strengths, Weaknesses, Opportunities, Threats), performing a PESTLE analysis (Political, Economic, Social, Technological, Legal, Environmental factors), using a stakeholder analysis to identify key players and their impact, and employing a force field analysis to understand the driving and restraining forces at play in a situation.
The representation of an object or system is called a model. Models are used to simplify real-world complexity and capture key aspects in a way that is more easily understood or manipulated for analysis.
The concepts are the most fundamental points to understanding the competitor. It means the concepts are key to understanding the strengths and weaknesses of the competitor.
Key points are the main important facts or themes conveyed in literature.
Key ideas are the main concepts or points that are crucial to understanding a topic or argument. They are often the fundamental principles or themes that guide the overall discussion or analysis of a subject. Identifying key ideas helps to summarize and grasp the core message or purpose of a piece of writing or discussion.
The three main key points of an article are author, subject, and conclusion.
To conduct a STEEPLE analysis, you would assess the social, technological, economic, environmental, political, legal, and ethical factors that may impact a business or organization. This involves identifying key trends and events within each of these categories to understand the broader business environment. The analysis helps businesses anticipate challenges and opportunities and adapt their strategies accordingly.
One strategy to narrow your response in hexagonal writing is to focus on specific themes or patterns in the literature. Create a list of key points or elements that stand out to you in the text. Then, loop back to these key points as you write your response, making sure to connect them to your analysis of the literature.