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B207: Module Mind Map (Block 2: Competing in the global context (Financial…
B207: Module Mind Map
Block 2: Competing in the global context
Market
Transformation
adoption
Innovation
infrastructure
Financial
Ethical values
Standard of customer protection
Georgphical segregation
This can affect revenue
It can affect customer belief
Uncertainty when buying & selling goods among countries
Tax laws
IFRS standard
Easy and understandable
differing tax laws
differing rule
Global trade environment
Size and growth rate: Vital to know what the future demand for.
costs to the operation
profit potential
Market access among supplies and consumers
Rivalry
Resources: Need to get the right resources to gain with.
Competitive benefit
Skills
Macro environment:Refer to external sources that affect a firm and forces its micro environment operate. eg. interest rates, changes in culture tastes, government regulations and competitors.
Trading systems
Socio-cultural
Technological
Political & legal
Ethical
Economic
Business structure
method of doing things
change
quality standard
Marketing
SWOT analysis
probability of future funding
STEEPLE
Branding
well respected
recognised
Appeal to customers
Growth potential
Sustainability
Globalization
Foreign exchange
Financial reporting
Micro environment