Business and Management Tan (DongHo Tan)

This term, i studied Introduction to Business and Management. So, today i try to revise and practice about final exam. As regard Quiz ,it is a definition part. 1.What is the purpose of SWOT? SWOT Analysis is a simple but useful framework for analyzing your organization's strengths and weaknesses, and the opportunities and threats that you face. It helps you focus on your strengths, minimize threats, and take the greatest possible advantage of opportunities available to you. 2.What does SWOT stand for? Strengths, Weakness, Opportunities, Threats 3. What is the purpose of a PESTLE? Companies want to know external business environment for future factor. 4.What does PESTLE stand for? Political, Economic, Social, Technology, legal and Environmental. 5.What is the purpose of Porter's value chain? Use analyzing  internal organisation. 6.What is the purpose of Poters 5 Forces? Analysis competitor an

My coursebook illustrated about this week, Aim - To look develop and look at ideas surrounding globalization, continuing from the previous week. The spotlight topic is the role of HR within an organisation, and in addition we will look (again) at how functional areas are inter-related. This will pick up this concept introduced in week 3 (structure). What is Globalization? Schech  and Haggis (2000) claims  'the intensification of global disconnectedness’. Kiely (1999) mentioned that ‘globalization refers to a world in which societies, cultures, politics and economies have, in some sense come closer together. Also, i believe Globalization implies the opening of local and nationalistic perspectives to a broader outlook of an interconnected and interdependent world with free transfer of capital, goods and services across national frontiers. On the other hand, it does not include unhindered movement of labor and, as suggested by some econo

 This week, my group object is international business and to concentrate trading internationally, how to trade internationally and the context of international trade. International trade is not new like a silk-road but 21 century is more faster then past. How to go international • Outsource- not just manufacturing because a lot of  companies try to survival the markets. This mean, the Companies must develop outstanding and outsource goods. Samsung was only the big company at South Korea but  today, they are one of big global company and market  leader at the IT market.   profit and find a chance in the world and the companies  also would get a chance for big company or success. • Exporting/ Importing give to chance about  rapidly  increasing  the companies such as Samsung.  However, it also can fail  such as Nokia.  •Foreign Direct Investment – establishing operations  in  another country. This