Buy custom International Business around the world 
    
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            | Topic: | 
            
                
                    Business
                
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            | Number of pages / Number of words: | 
            
                10 / 2554             | 
        
                
    
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This view is consistent with the views of Belich and Dubinsky (1998) who argues that acquiring such market information is vital for business planning. Subsequently, most successful firms are those who are sensitive to changes in international events and forces are likely to anticipate and respond quickly...
        
        
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The elements most commonly identified include political-legal, economic, social-cultural and technology (PEST analysis) aspects which will be further discussed in the later parts of the essay.
Environmental Scanning Activities used by Hotel Industries
In relation to the hospitality industry, environmental scanning helps managers to foresee favorable and unfavorable influences and initiate strategies which will enable their organizations to adapt to the environment...
        
        
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