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MARKETS & COMPETITIVE CONTEXT - Coggle Diagram
MARKETS & COMPETITIVE CONTEXT
MARKET ECONOMIES
Economic actors
Firms
Government agencies
Households
Three types of Economic System
Free Market Capitalist economies
Mix Market Capitalist economies
Planned or Command Economies
UK-MACRO ECONOMY
Inter-War Years (1919-1939)
The Post War Settlement
Laissez-Faire/Free Trade Economy (Pollard 1969)
Neo Liberalism and Nascent Globalisation
The Economy under New Labour
Labour and the Global Financial Crisis 2007-2008
The Coalition Government and Search for Economic Stability 2010-2015
Structure of UK Economy
MONETARY and FISCAL POLICY
Monetary Policy (managing money supply and interest rates)
Conducting Monetary Policy
Transmission Mechanism
Policy Independence
When rates cannot go lower
Effects
Fiscal Policy (government spending and taxation to support economy)
MICRO-ECONOMY
Market Supply increases when ...
Falls in the cost of factors of production
Changes in the goals of producers
Fall in the prices of other commodities
Technological improvements
Market Demand increases when ...
Falls in the prices of complements
Rises in Consumer income
Rises in the price of substitute
Changes in Consumer tastes
Market Clearance
Market structures and market regulations
Market Failure
CAPITAL MARKETS
London Stock Exchange LSE
Commercial Banks and Related Institutions
The Bank of England
LABOUR MARKETS
Working Patterns
Temporary working
Shift Work
Working Part-time
Working Time
The Hour Glass Debate
Working Futures
The UK Workforce
MARKETISATION, COMPETITION & CHANGE MANAGEMENT IN PUBLIC SERVICES
SOURCES OF COMPETITIVE ADVANTAGE
Contexts
Internal
Organizational Strengths and Weaknesses
Financial resources
Technologies
Assets and skills related to competitors
Brand Identification
Personal Values of Key Executives
Values
Motivation
External
Industry Opportunities and Treats (competitive contexts)
Societal expectations
social concerns
public mores
government policy
Five Forces Model
Bargaining Power of Buyers
Bargaining Power of Suppliers
Intensity of Rivalry among competitors
Threat of Substitute
Threat of new Entry
Product differentiation
Switching costs
Economies of scale
Generic Competitive strategies
Differentiation
Overall Cost Leadership