PESTLE and Life Cycle Analysis Stakeholders are those individuals or group that can affect or get affected by the activities of an organization. Many books and articles define stakeholders as the “a person, group, or organization that has direct or indirect stake in an organization because it can affect or be affected by the organization's actions, objectives, and policies” (Business Dictionary.com)…
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According to this method any individual stakeholder or any stakeholder group’s power can be ascertained and managed. Many books define stakeholders to be individuals or groups that have an interest in an organization; hence it may not be necessary for any individual or group to have an interest in any particular organization because interest is not the only ingredient to constitute regard someone as a stakeholder. This can be further explained by giving the example of the society at large which is a major stakeholder to the all factories which are emitting a large quantity of carbon dioxide, hence they only have an interest to the extent of the carbon dioxide emission and they might not have enough power to stop the factories from doing such an act (ACCA, 2007). The five groups of stakeholders that any business organization needs to consider for its growth perspective would be: Shareholders/Owners Employees Customers Government Society at large Majority of banks consider the employees to be the most important stakeholder within the banking organization. Banks consider their employees to be their vital stakeholder because of their decision making ability. The employees have the ability to take up decisions on any given matter hence these employees have the ability to drive the bank into a profitable or a loss making venture. This decision is really important for the survival and the long-term growth of the banks and hence it is because of this only reason that the employees have such a powerful decision in their hand, banks considers them to be the most important stakeholder (ACCA, 2007). “Systems thinking” is a process which tells that different things and activities within nature/organization are totally linked with each other. This theory defines that the activity of one individual or a group would affect the life or decision of other individuals or groups. Systems within an organization include the employees, the processes and the structure of that organization and it is because of these people, processes and structures that the organizations get affected either in a positive or a negative manner. The banks use the closed systems thinking approach in the entire movie. The best exception would have been to follow the open systems thinking approach where the banks would have been involved in focusing on external issues and threats as well, this way open systems thinking system would help the banks to survive for a long period of time by focusing on the external environment along with the internal one (Gharajedaghi, 1999). The governments should play an important part in stabilizing banks as these banks are the main institutions in any economy. These banks are heavily involved in stimulating an economy and hence they should always be helped in situations when these banks are falling apart. Government interference in managing the general environment would be really important and these banks can be funded by the governments to make them survive during difficult time periods. The film tells us the Government and the Law Enforcing authorities were really weak in putting up any system that would have led the bank to survive during such difficult times. The banks collapsed leading to further
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“PESTLE and Life Cycle Analysis Essay Example | Topics and Well Written Essays - 2000 Words”, n.d. https://studentshare.org/environmental-studies/1411156-pestle-and-life-cycle-analysis.
There are seven main stages involved in the system development are preliminary survey, feasibility study, facts finding and recording, analysis, system design, system development, system implementation (Ritchie, 2002: 49). This document aims in system analysis, design, and implementation from the Software Development Cycle.
Cohen inaugurated his first store in 1929 in Edgware’s Burnt Oak in Middlesex. Floated in 1947 for the first time in the London stock Exchange under the name Tesco Stores Limited, a store dealing in self service was opened in the year 1956 in St Albans.
It is one of the biggest gas companies with the share price of 135.82 RUB (Bloomberg, 2013; Victor, 2008). In terms of present estimates made, Gazprom is lacking behind from the Arab countries only in the deliverance of oil and gases. In order to gain decisive market share, it operates, produces and explores gas in the Russian Federation and European countries.
Yet, there may l be some uncertainty associated with the LCC results. LCCAs are usually performed early in the design process when only estimates, rather than exact amounts of costs and savings are available. Uncertainty in input values means that actual outcomes may differ from estimated outcomes.
Then we used another set of data to come at figure of benefits that this company is rendering to the society. After that we have compared the both sets of data and analyzed the results. I have also commented on my finding on how each figure could either be adverse or positive for the company as well as other stake holders.
But the introduction of thought into action changes the whole character of the problem. Moral problems are continuing problems, inviting contemplation. The moral results of action are not so much conclusions as new developments of older questions. The moral problem, in short, is the problem of life.
The companies started to think to save natural resources for future generations. However, one may criticize the industries for putting the word 'sustainable' for everything without a real understanding and explanation what it is and how to achieve it.
Sustainable development is a process of achieving human development in an inclusive, connected, equitable, prudent and secure manner (Gladwin et al., 1995).
introduction stage where the product is introduced in the market, in this phase there are low profits or the firm may be incurring losses, there is also low competition in the market and the firm can use penetration or skimming method to enter the market.
The second phase is
ffective and appropriate degree, the following analysis will provide a PESTEL analysis; inclusive of discussing factors that affect the US auto industry related to political, economic, social, technological, environmental, and legal factors. Through such a level of discussion
The external environment is continually changing, and this implies that firms should take proactive steps in order to be ahead of these changes. Quality planning and forecasting are key drivers to survival and sustainable growth of any business enterprise. Business external environment can be analyzed through the PESTEL tool.
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