Key benefits of ongoing professional development for different stakeholders

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Key benefits of ongoing professional development for different stakeholders The aim of this article is to examine the key benefits of ongoing professional development for different stakeholders within an organisation. There is no doubt that an organisation such as a retailer has many stakeholders. However, this article examines how ongoing professional development benefits some of the key stakeholders. What are stakeholders? Johnson et al. (2006) define stakeholders as individuals or groups who depend on an organisation to fulfil their own goals and on whom, in turn, the organisation depends. According […]

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SWOT analysis of Oxfam (Oxfam SWOT explained)

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SWOT analysis of Oxfam (Oxfam SWOT explained) This detailed SWOT analysis of Oxfam aims to examine the strengths and the weaknesses of Oxfam. It also attempts to examine the opportunities the organisation should explore and the threats it should keep close eyes on. Oxfam is a confederation of 19 affiliate members, led and managed by Oxfam International. It was founded in1942 in Oxford, the UK. Strengths of Oxfam Oxfam along with its affiliates, operates in more than 90 countries to tackle the challenges of poverty and respond to any emergencies. […]

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Tuckman’s forming, storming, norming, and performing model

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Tuckman’s forming, storming, norming, and performing model This article aims to explain Tuckman’s forming, storming, norming, and performing model of group development. The model was developed in 1965 by Bruce Tuckman, an American psychologist. It is also widely known as Tuckman’s stages of group development. Tuckman’s stages of group development Tuckman suggested that all teams go through a four-stage development process starting from forming and ending in performing. However, at a later stage, he also developed another stage called ‘adjourning’. According to the author, all teams go through a relatively […]

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PESTEL analysis of Vietnam

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PESTEL analysis of Vietnam This detailed PESTEL analysis of Vietnam aims to address some of the political, economic, social, technological, environmental, and legal factors that affect Vietnam today. Vietnam is officially known as the Socialist Republic of Vietnam. It is one of the most populous countries in the world and aims to become a developed nation very soon. Political factors affecting Vietnam In Vietnam, the president is the elected head of state and the commander-in-chief of the military, while the prime minister is the head of government. It is a […]

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VRIO framework (VRIO analysis explained)

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VRIO framework (VRIO analysis explained) This article aims to explore VRIO framework (VRIO analysis) developed in 1991 by Jay Barney, an American professor. There is no doubt that organisations use different tools to analyse the internal and the external environments to understand their capabilities. One of such tools is VRIO framework. What is VRIO framework (VRIO analysis)? VRIO stands for Valuable, Rare, Inimitable, and Organised. It is a strategic analysis tool that organisations can use to analyse their internal resources. It helps them explore and protect their resources and capabilities […]

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Stakeholders of Oxfam (An analysis of Oxfam’s stakeholders)

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Stakeholders of Oxfam (An analysis of Oxfam’s stakeholders) This detailed analysis of the stakeholders of Oxfam aims to examine both the internal and the external stakeholders of Oxfam. Oxfam is a confederation of 19 affiliate members led and managed by Oxfam International. It was founded in1942 in Oxford (the UK), and currently headquartered in Nairobi, Kenya. It has been fighting to alleviate global poverty since its inception. Internal stakeholders of Oxfam The main internal stakeholders of Oxfam are the Board of Supervisors, the Executive Board, staff, and volunteers. Oxfam International […]

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Reasons why someone might want to start a new business

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Reasons why someone might want to start a new business This article aims to explain some of the main reasons why someone might want to start a new business. Starting a new business is undoubtedly a challenge as it is always associated with risks. So, why should someone do that? Well, there are a number of answers to this question which this article explores in detail. What are the main reasons for starting a new business? Starting a business is a life-long dream of many people. It gives them the […]

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Porter’s five forces analysis of Tesco

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Porter’s five forces analysis of Tesco This is a detailed Porter’s five forces analysis of Tesco. It aims to examine the impact of the five forces i.e. competitive rivalry, supplier power, buyer power, threat of substitutes, and threat of new entrants on Tesco which operates in the supermarket industry. Tesco is the market leader in the UK and operates in a number of countries. Bargaining power of the buyers/customers of Tesco Tesco serves millions of customers every week, in its stores and online (Tesco, 2020). The bargaining power of the buyers in the UK […]

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Porter’s five forces analysis of the UK supermarket industry

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Porter’s five forces analysis of the UK supermarket industry This is a detailed Porter’s five forces analysis of the UK supermarket industry. It aims to examine the competitiveness and attractiveness of the UK supermarket industry which is worth approximately £181 billion and is expected to grow well in coming years. To this end, this article explores how the five forces i.e. competitive rivalry, supplier power, buyer power, threat of substitutes, and threat of new entrants can impact on the industry and can erode the profitability of the existing market players. […]

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PESTEL analysis of the Philippines

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PESTEL analysis of the Philippines This detailed PESTEL analysis of the Philippines aims to examine the political, economic, social, technological, environmental, and legal factors that shape the Philippines today. The Philippines is officially known as the Republic of the Philippines. It is a country of more than 7,640 Islands. Political factors affecting the Philippines The Philippines has a presidential system with the president being the head of state, the head of government, and the commander-in-chief of the armed forces. It is a unitary state; however, the Bangsamoro Autonomous Region in Muslim […]

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