⌚ Femininity And Economic Factors: Chapter Analysis

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Femininity And Economic Factors: Chapter Analysis



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Class 1 - Incorporating a gender perspective into economic research - macro focus

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Different Organizations use different inputs, adopt different processes, and produce different outputs. The strategic management task is to simplify and achieve useful and usable level of analysis without bias. Framework to Understand Env. Environmental Scanning Environmental Scanning is the monitoring, evaluating and disseminating of information from the external and internal environments to key people within the corporation. A corporation uses this tool to avoid strategic surprise and to ensure its long- term health and sustainability of business. Information generation and transmission of information to external agencies. It offers range of opportunities, incentives, and rewards on one hand, and set of constraints, threats, and restrictions on the other.

In both ways organization is conditioned and constrained. Relationships depends on fact whether environmental elements behave randomly or structured manner uncertain vs predictability. Internal Environment - Components Internal environment has direct impact on business. Vision, Mission, and Objectives - The business domain of the company , priorities, direction of development, business philosophy, business policy etc.

Board of directors is the highest decision making body and it overseas performance of the organization and so its quality is very important. The share holding pattern can also have important managerial implications. Internal Environment - Components Internal Power Relationship - Factors like the amount of support the top management enjoys from lower levels and workers, share holders and Board of Directors have important influence on the decisions and their implementation. Human Resources - The characteristics of the human resources like skill, quality, morale, commitment, attitudes etc. The involvement, initiative etc.

Ex: Some organizations find it difficult to carry out restructuring or modernization because of resistance by employees whereas they are smoothly done in some others. Internal Environment - Components Company Image and Brand Equity - The image of the company matters while raising finance, forming joint ventures or other alliances, soliciting market intermediaries, entering purchase or sale contracts , launching new products etc.

Physical Assets and Facilities 2. Marketing Resources 4. They are important link between company and customers. Demographic Environment Denotes characteristics of population in area race, age, income, educational attainment, asset ownership, employment status, Size, growth rate, age composition, sex composition of population, family size, educational levels, economic stratification of the population, language, caste, religion, and location. The successful businessman visualizes the external factors affecting the business, anticipating prospective market situations and makes it suitable to get the maximum benefits with minimize cost. In a developing country, the low income may be the reason for the very low demand for the product.

Some governments specify certain standards for the products to be marketed in the country; some even prohibit the marketing of certain products. Promotional activities are subject to various types of controls. These factors determine the work culture and mobility of labour, work groups etc.

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