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College Writing: Masters thesis business technology academic content!
The mission of a commercial bank is defined as the business purpose of the bank. The business mission answers the question:. Banks exist and perform business activities in the market for what? The objectives of the business strategy are defined as the achievements that the bank needs to achieve in pursuing its mission over a relatively long period of operation.
Requirements for the relevance of the target:. and the end result to be achieved? The more specific the goal, the easier it is to plan a strategy to achieve that goal. Specificity includes the quantification of goals, the goals need to be defined in masters thesis businees technology form of specific targets. Contradictory goals often cause conflicts within the enterprise, so it is necessary to prioritize the order of goals.
However, the goals are not completely consistent with each other, then there should be compromise solutions in the implementation of the set goals. Therefore, if the goal is too high, the performer will be discouraged, if the goal is too low, it will not work.
However, when changing objectives, caution must also be exercised because this change must be accompanied by corresponding changes in relevant strategies as well as action plans. Macro environment is the general factors of economy, politics, law, state, culture, masters thesis businees technology, society, population, nature, the world that have any influence on the business masters thesis businees technology general and the industry.
banking and finance in particular. goods in particular. Social factors often change or progress slowly, making them sometimes difficult to recognize. Social factors include: quality of life, lifestyle, consumer flexibility, occupation, masters thesis businees technology, population, population density, religion…. The interest rate is very important when consumers regularly borrow money to pay for their purchases of goods. The rate of interest also determines the cost of capital and thus the level of investment.
This cost is a key factor in determining the viability of the strategy. Changes in exchange rates have a direct impact on the competitiveness of products produced by enterprises in the international market. As such, investment activities become purely coincidental affairs, and the future of business becomes difficult to predict.
Political stability is identified as one of the important prerequisites for business activities of enterprises. The change of the political environment may favorably affect one group of businesses but inhibit the development of another group of businesses and vice versa. A complete, unbiased legal system is one of the non-economic preconditions of business. The degree of perfection, change and law enforcement in the economy have a great influence on planning and organizing the implementation of business strategies of enterprises.
The political-legal environment directly affects the business performance of the enterprise because it affects the products, lines of business, business methods… of the enterprise. Not only that, masters thesis businees technology, it also affects costs: production costs, circulation costs, masters thesis businees technology, transportation costs, tax rates… especially import-export businesses are also affected by the government.
international trade policies, quotas assigned by the State, protection laws for enterprises engaged in business activities. In summary, the political — legal environment has a great influence on improving business efficiency of enterprises by affecting the operation of masters thesis businees technology through a system of legal tools, masters thesis businees technology, economic regulation tools.
Advanced technical and technological level allows enterprises to actively improve the quality of goods and labor productivity. These factors affect most aspects of the product such as: product characteristics, product price, and product competitiveness.
As a result, enterprises can increase their competitiveness, increase the turnover of working capital, and increase profits to ensure the expanded reproduction process of the enterprise. In contrast, low technology level not only reduces the competitiveness of enterprises but also masters thesis businees technology profits and inhibits development.
In short, technical factors allow enterprises to improve labor productivity and product quality, thereby increasing competitiveness, increasing capital turnover, increasing profits, thereby increasing business efficiency. The microenvironment includes factors within masters thesis businees technology industry and are external to the organization that determine the nature and degree of competition in that industry.
Specifically, the microenvironment has five basic elements: competitors, buyers, suppliers, potential new entrants, and substitutes. Potential competitors are businesses that are not currently in the industry but have the potential to jump into business in that industry. Therefore, active companies find ways to limit potential competitors from entering their business.
However, there are a number of obstacles for businesses outside the same industry who want to jump into the industry:. Substitute products are products of existing competitors, this is a constant pressure and a direct threat to the business. Substitute products are products of enterprises in the same or different industries that satisfy the same consumer need. Thus, the existence of substitute products creates a great competitive pressure, which limits the price a business can set and thereby limits the profit of the business.
Especially, substitute products can appear within the enterprise. Conversely, if the buyer has weaknesses, it will give the company an opportunity to increase prices and make more profits. Pressure from customers is based on several criteria:. Suppliers are considered a threat to businesses when they can push up the price of goods supplied to businesses or reduce the quality of products provided, change payment conditions, delivery conditions… affect the price, the quality of the product, thus affecting the profitability of the business.
Businesses often have to deal with organizations that provide different sources of goods and inputs such as labor, equipment and finance. Factors that increase pressure from suppliers are similar to factors that increase pressure from customers:. The internal environment or analysis of the actual conditions and resources of a bank that an organization can masters thesis businees technology about:. The location of the bank, the transaction office is in a convenient position for doing business, modern equipment and technology to serve customers.
Leadership quality, professional qualifications, communication, sense of responsibility, enthusiasm, professional ethics of the workforce, workplace atmosphere, masters thesis businees technology recruitment policy, experience Experience and dynamism of employees are all factors that create strengths for the bank.
Competitive position in the market, identification of target customers, diversification of banking products and services, bank interest rates…. The SWOT analysis model is a very useful tool for understanding and decision making in any situation for any business organization. SWOT is an abbreviation of 4 words Masters thesis businees technology strengthsWeaknesses weaknessesOpportunities opportunities and Threats threats.
SWOT matrix analysis is a subjective assessment of data arranged in a SWOT format in a logical order that is easy to understand, to present, to discuss and to make decisions, masters thesis businees technology, that can be used in every decision-making process. SWOT templates allow for thought provoking rather than being based on habitual or instinctive responses.
The SWOT analysis template is presented in the form of a matrix of 2 rows and 2 columns, divided into 4 parts: Strengths, Weaknesses, Opportunities, and Threats. What resources do I need and can use? What advantages do others see in you? Must consider problems from the perspective of themselves and others. Need to be realistic, not modest. Advantages are often formed when compared with competitors, masters thesis businees technology. For example, masters thesis businees technology, if all competitors offer high quality products, a manufacturing process of such quality is not an advantage but a necessity to survive in the market.
What can be improved? What job do you do the worst? What should be avoided? The matter must be considered on an internal and external basis. Why can competitors do better than me? At this point, you have to realistically recognize and face masters thesis businees technology truth.
Where is the good opportunity? What interesting trends do I already know? The most useful search method is to review your strengths and ask yourself if they open up any new opportunities. It is also possible to do the opposite, examine your weaknesses masters thesis businees technology ask yourself if there are opportunities that arise if they are eliminated.
What are the competitors doing? Have the specific requirements of the job, product or service changed? Does technological change pose any risk to the company? Is there a problem with past due debt or cash flow?
Is there a weakness threatening the company? These analyzes often help figure out what needs to be done and turn weaknesses into prospects. The business mission answers the question: Banks exist and perform business activities in the market for what? Requirements for the relevance of the target: Masters thesis businees technology you are interested!
Pressure from customers is based on several criteria: — Customer focus or not. Factors that increase pressure from suppliers are similar to factors that increase pressure from customers: — The number of suppliers is small, it is difficult for enterprises to choose suppliers. Competitive position in the market, identification of target customers, diversification of banking products and services, bank interest rates… 1.
What job do I do best? SWOT Matrix Strengths S first. Weakness W first. Chance O first. Risk T first, masters thesis businees technology. Related posts.
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