...| CASE 2 | Fortescue Metals Group: The new force in iron ore | ABC 9/12/2011 | Contents Introduction 1 Analyzing the external environment 1 Demographic 1 Economic 1 Socio-culture 2 Political-legal 2 Global 2 Technological 2 External environment conclusion 2 Industry analysis 3 Profit pool 3 Porter five forces 3 Threat of new entry 3 Bargaining power of suppliers 4 Bargaining power of buyers 4 Threat of substitute products 4 Rivalry among competing firms 4 Industry analysis conclusion 4 Competitor analysis 4 Analyzing the internal environment 5 Tangible resources 5 Intangible resources 6 Value chain analyzing 6 Capabilities 6 Core competencies 7 Weaknesses 7 Current strategy 7 Future strategy 8 Concluding remarks 8 References 9 Introduction Fortescue Metals Group: The new force in iron ore is a new company in the Australia with new vision. It was founded in 2003 with the aim of lowest cost producer in order to complete with large players of industry. Its main customer is China. Its lowest cost structure is main reason behind getting huge business from china. It had to faced many challenges in the industry but its strong policies supported company to make its distinct position in the industry Analyzing the external environment Every business/ company has external environment with some positive and negative points. Below is the analysis of Fortescue external environment. Demographic According to information...
Words: 2027 - Pages: 9
...Challenges at the North Australian Pastoral Company Introduction. NAPCO (North Australian Pastoral Company) which is a leading privately owned company in the Australian cattle industry. Company’s main business is high quality beef production due to its experienced manage methods relevant to its long history, about 150 years. Animal husbandry is highly depending on climate and relevant conditions, while in Australia almost all of these conditions can be satisfied which can give NAPCO a good foundation to development. Asian market is firm’s focus not only because Australia is close to it but also associated with other business issues. External environment Demographic Asia and America is two major export destinations of NAPCO’s high quality beef. These area own over one forth of earth population which means they can provide giant market and requirement to company. Although these countries like China Japan and America are more likely have aging population structure, it may hardly influence the beef market due to beef is suit for everyone. Australia is surround by sea and close to Asia which means it’s easy for company to export by ship or plane. According to the income level of the target market like Japan, US, Koear and china, there are stable requirement of high quality beef and no ethic issue can impact people choose beef. Economy After the global economic crisis in 2008, Asian and America has get rid of the negative impact of it step by step, especially Asia. In that...
Words: 2099 - Pages: 9
...of Care The Office of Minority Health defines the term “cultural competency” as “a set of congruent behaviors, attitudes, and policies that come together in a system, agency, or among professionals that enables effective work in cross-cultural situations” (“What is Cultural Competency, n.d.). Health care providers have begun focusing on ways to create culturally appropriate and effective health care policies. These policies will lead to culturally sensitive care provided to patients. The diversity within the world’s population is changing hastily and impacting health care globally. Although, many organizations have provided their definitions of cultural competence regarding health care, all organizations, health care providers, and patients have their own vision of what cultural competency entails. It is important that all providers use their individual understanding of the term to analyze ways to meet the standards of nursing care. With standards in place, organizations can develop tools which measure individual patient needs as well as measuring the effectiveness of the organization’s culturally diverse practices. As populations become more diverse, it is imperative that the gap in disparities of health care be closed. To ensure these differences are addressed, health care providers and patients must discuss the concerns without cultural differences hindering the discussion (What is Cultural Competency, n.d.). All categories and specialties within the health care profession...
Words: 1047 - Pages: 5
...Veronica (1655682, llaw039) Lovell, Eryn Isabel (1502870, elov008) McClain, Todd Micheal (1025058, tmcf011) Table of Contents Introduction………………………………………………………………3 Stakeholder Analysis…………………………………………………4 External Analysis………………………………………………………7 Opportunities/ Threats……………………………………………9 Industry Analysis…………………………………………………….10 Value Chain Analysis……………………………………………….13 Core Competencies…………………………………………………16 Recommendations………………………………………………….18 Conclusion……………………………………………………………….21 References………………………………………………………………22 Introduction Wal-Mart Stores, Inc. (Wal-Mart) is currently ranked as, not only America’s largest, but the world’s largest company (DuBois, 2011). Wal-Mart’s three business segments, Wal-Mart Stores, Sam’s Club and Wal-Mart International, all operate in the discount variety retail industry. Currently, Wal-Mart’s strategic leaders face challenging issues including declining same-store sales, an invariable customer base, and a crumbling reputation. In analysing the company’s stakeholders, external and internal environments, its opportunities and threats, and its core competencies and competitive advantage we recommend that Wal-Mart: • Place a greater emphasis on the local communities in which it operates in order to stimulate same-store sales; • Improve their supply chain efficiency to supplement international and Internet expansion and Corporate Social Responsibility (CSR) efforts; and • Split underperforming Sam’s Clubs into a separate subsidiary...
Words: 3943 - Pages: 16
...values, bias, and the ability to move beyond barriers in the counseling relationship is essential to successful outcomes in working with clients. The rationale for the appropriateness of multicultural counseling competency and the impact of culture in the counseling process will be discussed as will multicultural counseling in the framework of career counseling. Culture & Counseling Counseling provides support, assistance and helps individuals to transition through developmental stages and life challenges. The study of human development, personality, psychopathology and multi-cultural issues in counseling has increased this writer’s awareness of the importance of counseling in the lives of human beings. According to Kluckhohn & Strodtbeck, human beings share biological traits and characteristics that form the basis of the development of culture (Kluckhohn & Strodtbeck, 1961). Kluckhohn & Strodtbeck further contend that people feel that their beliefs and values are normal and that other people’s values are abnormal or strange (Kluckhohn & Strodtbeck, 1961). The counselor must be able to incorporate cultural values and norms of the client in the process of their approach in order to have successful outcomes. The self concept, worldview, life experience, socio-economic status, gender, development and racial identity of the client and the counselor can and will be part of the counseling process; the need for acceptance-self-awareness and congruence leads to successful...
Words: 764 - Pages: 4
... Analysis Report LEGO (A): The Crisis Mahmud Safari 21295746 Assignment 1: Individual case analysis report Mahmud Safari (21295746) 2 Table Of Contents 1.0Introduction 2.0 Analysis of General Environment 2.1 Economic 2.2 Socio-‐Cultural 2.3 Global 2.4 Technological 2.5 Political/Legal 2.6 Demographic 3.0 Analysis of the Industry Environment 3.1 Supplier Power 3.2 Buyers Power 3.3 Threat of new Entrance 3.4 Substitute Products 3.5 Competition with rivals 3.6 Conclusion of Industry Environment 4.0 Internal...
Words: 4389 - Pages: 18
...A comparative study of political, economic and social-cultures issues of the Russia and India Prepared for: Dr. Joe Zhou Peng Submitted: 11 May 2015 Prepared by: Zahara CitraArifin 006 Table of Contents INTRODUCTION 1 Task 1 1.1 Economy of Russia and India 2 Terrorist aspects of globalization 2 1.2 Political System of Russia and India 3 Discrimination against Woman 4 Corruption 4 1.3 Socio-Cultural of Russia and India 5 Hofstede’s Cultural Dimension of Russia and India 5 Written and Unwritten Laws 6 Task 2 2.1 Culture Shock 7 2.2 Cross Cultural Training ...
Words: 2545 - Pages: 11
...Resorts business plan impacts the organization. Currently Resort organization uses SWOTT to assess their sell or advertise their type of organization. The SWOTT analysis allows Homecare Resort to improve and acquire information about its achievable strengths and weaknesses, future opportunities, threats, as well as risk to future business goals. The management team here at Future Wave of Extended Homecare Resort has made assessments using the SWOTT analysis. This is another plan used to find out the likelihood of developing a competitive advantage and how well stakeholders are content with the organization. The external factors Resort face includes several factors that impact the business. These factors include economic, technological, socio-cultural, innovation as well as legal and regulatory factors. These factors have the ability to have a negative impact over Future Wave of Extended Homecare Resort. We here Resort is focusing on a plan to assure the future success of our business is continued through constantly improving and sticking to our goals and objectives. Some of the ways we intend to maintain a successful business here at Resort is to start with legal and regulatory factors because, of the importance of innovation and economic development. Factors such as taxes and regulations are among these legal and regulatory strategies used that we use to maintain a skilled workforce. Factors such as our location can affect the business employee availability. We used economic...
Words: 902 - Pages: 4
...expenses associated with frequent sales promotions as well as have predictable sales. Wal-Mart has invented its own unique inventory system, the cross-docking system that has enabled the company to achieve economies of scale, thus reducing the cost of sales. In this system, goods are continually delivered to Wal-Mart’s stores within 48 hours and without the store having to inventory them. This allows the stores to replenish their shelves four times faster than its competitors. Wal-Mart stores boost their buying power by purchasing in bulk and distribute goods without involving third parties. This paper seeks to analyze Wal-Mart’s stakeholders, the internal and external environment, its opportunities and threats and the company’s core competencies and competitive advantages. The paper will finally give a recommendation. Brief history of...
Words: 3388 - Pages: 14
...CULTURE IN EUROPE FROM THE PERSPECTIVE OF YOUTH An essential condition for the participation of young Europeans in society is their access to culture. That can reinforce awareness of sharing a common cultural heritage and promote active citizenship open to the world. I really think that the only way they can express their creative energy and contribute to their personal development and their feeling of belonging to a community is this involvement in cultural activities. Access to cultural life is about proving opportunities, options, resources, spaces for creation and funding. This is strongly connected with education, youth, employment, cultural and media policies. So i think access of young people to culture is better promoted if young people’s perspectives are included in the cultural policies. Cultural expression is one of the eight key competencies defined in the Recommendation of the European Parliament and of the Council on key competencies for lifelong learning. Key competences for lifelong learning are a combination of knowledge, skills and attitudes particularly necessary for personal fulfillment and development, social inclusion, active citizenship and employment. We are told, “Although most people regard culture as an important part of an individual's personal life, it does not seem to make up such a big part of their lives in practice.” In the case of Europe we are told that “problems arise when young people feel alien in the society they are living in”...
Words: 764 - Pages: 4
...Characteristics: * Unique * Technically complex * Time-constrained, resource-constrained * Multiple stakeholders * Dynamic/uncertainty * Key skills required of a PM * Readings that tie in to the key required skills of a PM * Question: UNCERTAINTY - for sure * How do you bound the uncertainty? * How do you deal with the uncertainty? * Hints: * Competencies * Question: Stakeholders * Competencies - expressed through BEHAVIORS * Do you know the competencies at all three levels? * Know the names, the definition of the competency * When asked a question on competency, need to be able to explain the WHY * WHY is ALWAYS answered by the BEHAVIORS * It is not just about listing the behaviors, but talk about the behaviors of the managers in a way where you actually APPLY the behaviors to the situation * Behaviors help justify why you believe the competency is relevant to the problem * Memorize the competencies inside and out Readings * Triple Constraint, project - know what they are, how to talk about them but no questions on the background readings * Project Life Cycle - should know what it is * Refer to quiz * Definition, Planning, Implementation, Monitoring/Control, Wrap-Up * Nothing about Mission 2020 * Lessons for an Accidental Profession - IMPORTANT * Research that identified the twelve things...
Words: 1508 - Pages: 7
... and the people are coming together to form one homogeneous unit The term is always used to refer specifically to economic globalization: the integration of national economies into the international economy through trade, foreign direct investment, capital flows, migration(free flow of people), and the spread of technology(free flow of technology) The term can also refer to the transnational circulation of ideas, languages, or popular culture through acculturation. However, globalization is usually recognized as being driven by a combination of economic, technological, socio-cultural, political, and biological factors. what we must realize is the truth which imposes itself is that globalization is not new or the result of scientific and technological development. No, but that since the creation of Adam and evidence of this convergence of rights with one another, then the extension after that, and the spread of rights in parts of the earth to generate different civilizations and studying history we find that most of these cultures influenced each other through the inscriptions and monuments and the remaining of this empirical evidence has been corroborated by archaeologists is being applied Babylonians development...
Words: 875 - Pages: 4
...PUEBLO COMMUNITY COLLEGE NURSING NUR 211 Psychiatric-Mental Health Nursing Supplemental Learning Guide Course Objectives * Relate the minimum requirements for the course. * Illustrate the use of competencies for learning. * Formulate own needs and responsibilities relative to meeting course competencies. * Relate course/clinical assignments and evaluation * Distinguish how the major concepts (see Nursing Student Handbook) of the program are affected by the variety of conditions and diseases within this course for all age groups. Outline A. Orientation to course 1. Course descriptions 2. Course outcomes/competencies 3. Textbooks B. Course Requirements 1. Student assignments and responsibilities 2. Minimum level of achievement 3. Evaluation tools C. Course/ Clinical Assignments and Evaluation D. Major Concepts 1. Caring 2. Clinical judgment, clinical reasoning, and nursing judgment 3. Clinical microsystem 4. Collaboration 5. Critical thinking 6. Cultural competence and Diversity 7. Ethics 8. Evidence-based care 9. Healthcare environment 10. Human flourishing 11. Informatics and Information management 12. Integrity 13. Knowledge, skills, and attitudes 14. Leadership 15. Nursing and Nursing Process 16. Nursing-sensitive indicators 17. Patient and Patient-centered care 18. Personal and Professional development 19. Professional identity ...
Words: 13462 - Pages: 54
...business of Ace Gym. In view of this assessment management of Ace Gym can assess the major factors that can impact the feasibility, developing competitive advantage and stakeholders’ satisfaction for the organization (Wilson & Gilligan, 2005). External Environmental Analysis Many external factors can have an impact over Ace Gym’s capability to achieve its goals and objectives. To achieve success Ace Gym will have to find a suitable strategy that can maintain the business expectations within the actual conditions and also to maintain Ace Gym’s expectation with the provisions external environment can give. The external factors include: legal and regulatory factors, economic factors, technological factors, innovation factors, and socio-cultural factors. Legal and Regulatory factors: This factor has the full capacity to assist with company’s strategic objective. Regulations in particular involving Information Technology...
Words: 2021 - Pages: 9
...the political system of the country we are operating in and the political condition of the country as a whole. The Indian economy has been subject to some positive economic reforms since 1992 which had improve a better working environment for foreign companies and has made it possible for foreign investors to operate in the country in a easy way. Economic factors The Indian Government is still trying to improve unfavorable factors like widespread poverty, inadequate physical and social infrastructure, bureaucracy, limited non-agricultural employment opportunities, regulatory and foreign direct investment controls, insufficient access to quality basic and higher education, and the imbalance of rural-to-urban migration.. Socio-Cultural factors The culture of India poses a great challenge. The mix of traditional tea-drinking population together with the various differences between Muslim and Hindu and the difference between various regions of the country, makes it hard to divide and place is concrete consumer groups. There’s obvious separation in coffee consumption between rural and urban areas having distinctly higher preferences for coffee. “Still the numbers of coffee consumers remain low with slow negative growth figure between 2000 and 2005 - 6.7% and 2.0% respectively.” Legal factors The legal environment in India is very different compared to USA or Europe in the eyes of global business. Corruption in the country is very high and it raises a lot of concerns. The company...
Words: 617 - Pages: 3
