All business organisations, especially entrepreneurial small firms, must cope with an ever changing business environment. However, small firms have a very limited ability in being able to control and relate to changes in the environment, although this can depend on the context of change. For example, if a major customer changes increases its order, the entrepreneur should be able to predict events and actions with regard to the timing and consequences of such a change and forecast any changes in the required resources and cashflow. Given this, the entrepreneur can undertake rational short-interval planning activity in order to underpin organisational control. However, much of the change facing business today is largely unpredictable in terms of its timing and its consequences. In other words, such change is open-ended, with it often being unclear what is changing or why it is changing. For example, the effect of the 9/11 bombing of the World Trade Centre was largely unexpected and its
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With you r net work thought you may have picked something up
VM - I have heard similar rumours - if they are true, then it will be a tragedy for Merthyr. The question is whether WAG are reacting to this or just waiting for the factory to shut before they do anything.
Maybe that site would be a white elephant if Hoover went. I have blogged on this,so I am waiting to see if there is any offical reaction. Long wait may be
Visit Wales have recently undertaken a review of the current destination marketing and destination management arrangements in Wales. The review provided recommendations on what structural changes are needed to improve the effectiveness of destination marketing and management and how these two elements can be more closely integrated to achieve a dynamic, competitive and sustainable tourism sector in Wales.
The next stage of the review is to undertake a three-month consultation exercise, in order for you to give us your views on the recommendations outlined. A consultation paper and its appendices can be found at www.wales.gov.uk/tourism under the Development section.