Internal and External Factors Affecting Uk as a...

Internal and external factors Within travel and tourism inbound and domestic tourism are frequently changing, there are many internal and external factors which have a major impact and contribute to these changes. In this assignment I am going to analyse 3 internal and 3 external factors which affect the travel and tourism industry. Internal Strength of the pound Depending on how strong the UK pound is determines how well the country’s economy is; if the pound is strong this means the country is doing well and vice versa. However this also has an effect on the number of people that visit the UK, a strong pound actually deters overseas visitors due to them receiving fewer pounds when exchanging their own money as one UK pound is worth†¦show more content†¦Visit Britain estimated that the 7/7 London bombings in 2005 resulted in a 2% fall in overseas visitors causing a loss of  £300 million for the UK economy and also a total loss of  £150 million to the capital as 50% of overseas visitors travel to London. Book one 3rd edition – Unit 3 – page 117 – 24/11/10 External Economic recession A recession is a general slowdown in economic activity over a period of time which is longer than a few months. During recessions many factors are affected such as; employment, investment spending, household incomes, business profits, bankruptcies and the rise in unemployment rates. Governments usually respond to recessions by increasing money supplies, increasing government spending and decreasing taxes. In 2008 the UK went into a recession, this had a major effect on the value and volume of inbound and domestic tourism in the UK as visitor numbers fell during the year 2009 as a result of the recession. In 2007 the UK received 32.7 million visitors, this fell to 31.8 million in 2008 and fell further again to 29.8 million by 2009. Tourists also began to spend fewer days in the UK during their visits decreasing from an average of 8.4 days in 2006 to 7.7 daysShow MoreRelatedKey Internal and External Influences Affecting Tourism in Brazil2536 Words   |  11 Pages Key Internal amp; External Influences Affecting Tourism in Brazil | Audit Report | | | | | | Contents Page: * 1) Introduction * 2) External PESTLE Analysis Table * 2.1) Political Influences * 2.2) Environmental Influences * 2.3) Social Influences * 2.4) Technological Influences * 2.5) Legal Influences * 2.6) Environmental Influences * 3) Internal Strengths amp; Weaknesses * 4) References Key Internal amp; External InfluencesRead MoreBritish Airwayss Environment1605 Words   |  7 Pagesfreight and mail and the provision of ancillary services. The airline flies to over 550 destinations globally and is considered to be a leader in the industry. In order to profitably satisfy customer needs, an organisation must understand its external and internal situation including the customer, the market and its own capabilities. Furthermore, it needs to understand and adapt to the dynamic and uncontrollable factors of the environment in which it operates. 2005 saw a new Chief Executive being appointedRead MoreTour Operator1671 Words   |  7 Pagesoperator 3 3. Different Type of Tour Operators 3 a. The Domestic Operators 3 b. The Incoming Tours Operators 3 c. Mass Market tour operators 3 d. Specialist tour operators 3 e. Independent tour operator 3 4. Forces affecting on tour operators 4 a. External 4 b. Internal: 4 5. Package Holiday or Inclusive Tour 4 a. Inclusive tour Product Transport 4 b. Inclusive tour Product-Accommodation 4 c. Inclusive Tour Product Transfer and extra 4 6. Planning, marketing and negotiating package toursRead MoreEssay On Pestle Analysis Of British Airways1921 Words   |  8 Pages(British Airways). †¢ I am going doing this to look at the external factors affecting a business and what advantages/disadvantages there may be and if it affects the company in the long term. The results I have gotten from doing this are that there are many factors of a business that affects other things such as the consumers and the environment, (for example, pollution affecting the environment or noise pollution effecting the people). These factors may result in loss of profit or loss of customers andRead MoreAnalysis of British Airways Marketing Environment4680 Words   |  19 Pages1.0 Executive Summary 2.0 Background and Introduction 3.0 External Analysis 3.1 Macro Environmental analysis 3.1.1 Political and Legal Factors 3.1.2 Economic Factors 3.1.3 Social Factors 3.1.4 Technological Factors 3.1.5 Environmental Factors 3.2 Micro Environmental Analysis 3.2.1 Industry Analysis 3.2.2 Market Analysis 3.2.3 Competitor Analysis 3.2.4 Customer Analysis 3.2.5 Stakeholder Analysis 4.0 Internal Analysis 4.1 Resource Analysis 4.2 Marketing Audit 4.2.1 Marketing Strategies AuditRead MoreThe UK as a Destination3479 Words   |  14 Pagesï » ¿ BTEC Level 3 Diploma in Travel and Tourism Long-haul Travel Destinations (Unit 8) 10 Credits Unit. Assessment Tutor: Simon Smith Internal Verifier: Elizabeth Gensler Internally Verified and Approved: September 2013 Handed to students: Week commencing 9th September 2013 Assessment hand in date: Specific Dates are included in the Course Assessment Schedule Assignment front sheet LearnerRead MoreThe European Tour Operators Case3189 Words   |  13 PagesTHE PORTFOLIO ASSIGNMENT PART A: The European Tour Operators Case Introduction The first part of the Portfolio Assignment will include an analysis of the external environment of two large travel companies, Thomas Cook and TUI. The three models that will be included and discussed in the first part of the assignment are PESTEL, Porter’s Five Forces and Industry Life Cycle. These three models should be done for both of the companies. For this assignment I should also briefly discuss the overall attractivenessRead More Manchester Airport operates in an increasingly competitive environment1508 Words   |  7 Pagesprovider, therefore, Manchester Airport has to ensure that it increases capacity and markets itself to become more attractive as the â€Å"airport of choice†. External factors Which Affect financial Performance Numerous factors influence the financial activities and the financial performance of organisations Five major external factors which affect Manchester Airport are: 1 Constant change 2 Competitive environment 3 Single till 4 Government regulations 5 Economic environment Read MoreThe Business Environment Of Primark Corporation7113 Words   |  29 Pages(Primark, 2015) Primark has been operating for almost fifty years developing over the years and branching out to various locations, including Europe and this year including the United States of America. â€Å"Business operates in a rapidly changing internal and external environment†¦ the society permits business to earn profit as reward for bearing risk† (Jain, T. R., Tregan, M. and Trehan, R., 2010) Within the business environment specifically Primark based in the retail sector there is always an elementRead MoreGeneric Strategies of Ba5179 Words   |  21 Pages1 Executive Summary Background and Introduction External Analysis .1 Macro Environmental analysis .1.1 .1.2 .1.3 .1.4 .1.5 .2 Political and Legal Factors Economic Factors Social Factors Technological Factors Environmental Factors Micro Environmental Analysis .2.1 .2.2 .2.3 .2.4 .2.5 Industry Analysis Market Analysis Competitor Analysis Customer Analysis Stakeholder Analysis 4.0 4.1 4.2 4.2.1 4.2.2 4.2.3 4.2.4 4.2.5 Internal Analysis Resource Analysis Marketing Audit Marketing Strategies

Differentiating Between Market Structures - 1134 Words

Differeantiating Between Market Structures Identify the market structure in which this organization competes. Clearly indicate why the market structure was decided upon and how this market structure differentiates from the other alternatives. MARKET STRUCTURE The interconnected characteristics of a market, such as the number and relative strength of buyers and sellers and degree of collusion among them, level and forms of competition, extent of product differentiation, and ease of entry into and exit from the market (â€Å"Market Structure†, 2016). There are four basic types of market structure: Perfect competition, oligopoly, monopoly, and monopsony. McDonald’s is one of the leading companies in the fast food industry†¦show more content†¦The reduced cost of purchasing inputs increases their profit margins (Riley, 2011). Another additional advatage would be the improved value of money. McDonald’s would use their bargaining power to drive down the prices for beef, which would then open the price up for more consumers to buy from the company. COMPETITIVE STRATEGIES Dominating the industry is the key at McDonald’s. We do not want to simply have a sizeable sum in the industry, we want it all. There are several competitive strategies that could be used to maximize the profits over the long run. One effective straegy that is used is the speed of service at all location worldwide. In order to make this possible, the process has to simplified and mastered from the cooking of the product to the order taking from the employee. Simple to learn and easy to execute has been a moto used quite frequently in ther restaurants. This has led to an extremely low failure rate. Another competitive strategy would be the low price of our food. Being the cost leaders in the industry is what sets us apart from our competitors. In order to make this happen, the store must be efficent in its day to day operations while keeping food costs down. Our third strategy that will be talked about is the scale of McDonald’s. The best way of ad vertisement is word of mouth. How do you get people to talk about McDonald’s? How about putting over 30,000 units around theShow MoreRelatedDifferentiating Between Market Structures1766 Words   |  8 PagesDifferentiating between Market Structures Jessika Canales Dà ­az ECO /365 08/28/2010 Instructor: SR. Carlos Mà ©ndez David Differentiating between Market Structures In this simulation, the learner studies the cost and revenue curves in different market structures perfect competition, monopoly, monopolistic competition, or oligopoly faced by a freight transportation company, and makes decisions to maximize profits or to minimize losses. The simulation also deals with the concept of Prisoner’sRead MoreDifferentiating Between Market Structures And The Market Structure1239 Words   |  5 PagesDifferentiating Between Market Structures Arthur Levitt once wrote, â€Å"Our markets have not achieved their greatest successes as a result of government fiat, but rather through the efforts of competing interests working to meet the demands of investors and to fulfill the promises posed by advancing technology.(Arthur, Levitt. (2015)) The competitive nature of an industry is what drives our markets throughout the world. An industry consists of all firms making similar or identical products. McDonald’sRead MoreDifferentiating Between Market Structures1598 Words   |  7 PagesDifferentiating Between Market Structures Jennifer Lavallee ECO/365 May 27, 2013 Market structure is the physical characteristics of the market within which companies react. This means that there are different kinds of market structure based on how companies work together within a particular industry. Location and product have the most to do with determining the market structure. There are four defined market types. The first market structure is called the perfectly competitive market. TheRead MoreDifferentiating Between Market Structures1692 Words   |  7 PagesDifferentiating Between Market Structures Using the virtual organization of Kudler Fine Foods, evaluations will be made to determine market structure and competitiveness. Kudler Fine Foods current strategic plan for 2003, marketing overview, and market surveys will provide information to evaluate how Kudler competes in its market and where its strengths and weaknesses are located. Based on the evaluation of Kudler Fine Foods an applicable market structure will be determined and the structures effectsRead MoreDifferentiating Between Market Structures1924 Words   |  8 PagesDifferentiating Between Market Structures Alana Campbell, Dale Fortune, Katrina Beyah, Leonard Cooper University of Phoenix ECO/212 Principles of Economics Donnetta McAdoo December 5, 2011 Differentiating Between Market Structures To understand the economy of today one must understand the different market structures that make up the economy. There are four market structures that define the economic structure within the world’s economy; perfect competition, monopoly, monopolistic competitionRead MoreDifferentiating Between Market Structures1910 Words   |  8 PagesDifferentiating Between Market Structures Don Peterson ECO/365 February 2, 2015 Elena Zee Differentiating Between Market Structures A market structure in economics describes the state of a market with respect to its competition. There exist several different market structures like perfect competition, oligopoly, and monopolies among others. These markets all produce different types of goods or services, like public and private goods as well as common and collective goods. Firms operatingRead MoreDifferentiating Between Market Structures Essay1077 Words   |  5 PagesDifferentiating between Market Structures The structure of a market is defined by the number of firms in the market, the existence or otherwise of barriers to entry of new firms, and the interdependence among firms in determining pricing and output to maximize profits. The author of this paper will cover: the advantages and limitation of supply and demand identified in the simulation, the effectiveness of the organization in which the author knows, and how the organizations in each market structureRead MoreDifferentiating Between Market Structures Essay1105 Words   |  5 PagesDifferentiating Between Market Structures ECO/365 Principles of Microeconomics August 30, 2012 Differentiating Between Market Structures Retail sales are indicators of microeconomic conditions presented in a given area at a particular place in time. Since Sam Walton opened his first Wal-Mart store, Wal-Mart has been making ripples throughout the micro economies of America. Wal-Mart’s market structure is typical of most of our nation’s largest corporations in that they are an oligopoly (BrownRead MoreDifferentiating Between Market Structures Essay1260 Words   |  6 PagesDifferentiating Between Market Structures Yvonne C Rivera ECO/365 May 16, 2013 Paul de la Pena Abstract There are many TV service providers available in the U.S; however there are only two companies that offer services via satellite. Dish operates within the monopolistic competition market. Dish has been in business since the early 1980’s and has gradually worked its way up to become one of the leading satellite provider and innovator of new technology. In 2013 they offer service to overRead MoreDifferentiating Between Market Structures in Kudler1022 Words   |  5 PagesDifferentiating Between Market Structures in Kudler ECO365 â€Å"Kudler Fine Foods was established in 1998 when Kathy Kudler fulfilled her vision of establishing her own gourmet food store. The La Jolla store continues to grow while the Del Mar store has been having some difficulties. The store in Encinitas has just opened, but sales seem brisk.† (Apollo, 2011, Strategic Plan, p. 3) The owner works 7 days a week and performs many jobs from purchasing to stocking shelves. Kudler Fine Foods sees

Rain Water Harvesting A Solution To Water Crisis Free Essays

Water is an essential resource. No one can live and survive without water. Hence, we should not let the source of the life waste, instead we must store it. We will write a custom essay sample on Rain Water Harvesting: A Solution To Water Crisis or any similar topic only for you Order Now We can do so by the methods of Rainwater Harvesting. Rainwater Harvesting refers to the process of collecting and storing of rainwater. Rainwater harvesting helps in providing drinking water, water for irrigation, agricultural purposes or for groundwater recharge. It is one of the best solutions to water problem in the areas having inadequate water resources. Rainwater systems are simple to construct. Usually, rainwater is either harvested from the ground or from a roof. During the rainy seasons, the rain water can be collected and stored in the tanks. There are many methods to harvest the rainwater. Usually, the methods used are: Catchments Areas i. e. the areas which receive rainfall directly. In this, paved areas like roof of a building or unpaved area such as open ground or lawns can be used for the catchment areas. Ground catchment techniques has more chances of collecting water from the larger surface areas. Storage system: It is designed according to the amount of water that is needed to be stored. Storage system must be sealed and does not leak. Chlorine must be put from time to time to keep the water clean. Conveyance systems which transfer the rainwater collected on the rooftops to the storage tanks and that is done by making connections to one or more down-pipes connected to the rooftop gutters or pipes. The gutters must be made as such that if it rain starts,the dirt will be washed into the down-pipe and clean water comes out. Advantages/Benefits of Rain water Harvesting: It is one of the best solutions to water problem in the areas having inadequate water resources Reduction of soil Erosion. Improved quality of ground water. Raising of water level in wells and borewells. Reduction in the choking of storm water drains and flooding of the roads. Rain water flows down the hills in the form of small streams which join together to form rivers and lakes. And this is the important and the natural source of water for the living beings. Some of the rain water percolates down the earth until it reaches the hard surface. There it collects to form a large underground water reservoir. Such water is obtained on digging wells and it is called sub-soil water or ground water. Thus, there are three important natural sources of water besides abundantly available sea water. The sea water being saline can not be sued as such either for industries or for domestic consumption. (a) Rain water or snow water. (b) Surface water (river, lakes, streams, canals, ponds, etc. ) (c) Ground water or sub-soil water wells and springs. Rainwater Harvesting In urban areas, the construction of houses, footpaths and roads has left little exposed kuchha earth for water to soak in. In parts of the rural areas of India, flood water quickly flows to the rivers, which then dry up soon after the rains stop. If this water can be held back by storage or by reducing speed of flow, it can seep into the ground and recharge the ground water supply. This has become a very popular method of conserving water especially in the urban areas. Rainwater harvesting essentially means collecting rainwater on the roofs of building and storing it underground for later use. Not only does this recharging arrest ground water depletion, it also raises the declining water table and can help augment water supply. Rainwater harvesting and artificial recharging are becoming very important methods. It is essential to stop the decline in ground water levels, arrest sea-water ingress, i. e. , prevent sea-water from moving landward and conserve surface water run-off during the rainy season. Town planners and civic authority in many cities in India are introducing by-laws making rainwater harvesting compulsory in all new structures. No water or sewage connection would be given, if a new building did not have provisions for rainwater harvesting. Such rules should also be implemented in all the other cities to ensure a rise in the groundwater level. Realizing the importance of recharging ground water, the CGWB (Central Ground Water Board) is taking steps to encourage it through rainwater harvesting in the capital and elsewhere. A number of Government buildings have been asked to adopt water harvesting in Delhi and other cities of India. All you need for a water harvesting system is rain, and a place to collect it. Typically, rain is collected on rooftops and other surfaces, and the water is carried down to where it can be used immediately or stored. You can direct water run-off from this surface to plants, trees or lawns or even to the aquifer. Some of the benefits of rainwater harvesting are as follows: I. Increases water availability II. Checks the declining water table III. Is environmentally friendly IV. Imporves the quality of ground water through the dilution of fluoride, nitrate, and salinity V. Prevents soil erosion and flooding, especially in urban areas How to cite Rain Water Harvesting: A Solution To Water Crisis, Papers

Nature and Importance of On-The-Job Training Essay Sample free essay sample

On-the-job Training ( OJT ) is one of the topics in the B. S. Information Technology Program wherein pupils are exposed to assorted activities in the field of Information Technology. This is possible through coordination of the College with the different bureaus concerned in the assorted field of Information Technology. The scene of the field pattern resembles the image of existent work countries such as office. field plants and others. The pupil act as members of the staff of the bureau and execute different responsibilities and duties under supervising while larning. The advisor of the student-trainee. Mr. Gerry M. Laylo made an inquest to the bureau if they are acknowledging IT pupil trainees. After few yearss Mr. Laylo got an affirmatory answer fro NEDA IV-B ¬Ã‚ ¬Ã‚ ¬Ã‚ ¬Ã‚ ¬Ã‚ ¬Ã‚ ¬Ã‚ ¬Ã‚ ¬Ã‚ ¬ MIMAROPA –Division Mr. Laylo said that the trainees will get and will get down the trainee at November 2010. On the said day of the month the trainees came with the IT Coordinator. We will write a custom essay sample on Nature and Importance of On-The-Job Training Essay Sample or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Ms. Jennie D. Tamares. On the same twenty-four hours. the trainees were introduced to Mr. Joel Paule. the individual who was assigned in acknowledging pupil trainee. The trainees were oriented about the bureau. On the following twenty-four hours Mr. Paule assigned the pupil trainees to their several sections for preparation. It is through on-job-training that the pupils were given the chance to take part in existent work in field of computing machine. In computing machine pattern. the trainee is able to work and run into other people who can assist and better his personality. The experience gained in the computing machine pattern encouraged. helped and provided the trainee better development of accomplishments and decision-making peculiarly in computing machine of Information Technology. a give-and-take relationship between the employees and other worker is established and thereby practical cognition in computing machine is achieved. Most significantly. On-the-job Training is a agency of geting and developing work values so that the trainees may confront their hereafter challenges with diligence. sense of duty and assurance. Aims of On-Job-Training By and large the On-the-job preparation aimed to heighten the accomplishments of the trainee to go more efficient and effectual in Computer Technology and be good trained as an IT officer in the hereafter. This on-the-job preparation aimed to: 1. apply theories. constructs and rules in problem hiting. every bit good as arranging. operation and care the computing machines 2. get advanced accomplishments and techniques required in the pattern of their profession 3. discover God-given potencies. physically. mentally. morally. and emotionally through the familiarisation of existent office patterns and protocols. 4. become efficient. effectual and proficient in the field of Information engineering and aspire to be an adept Information engineering in the close hereafter.