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¶ … special curiosity about the ways in which politics and business mix. Businesses are beginning to learn how to use the political environment to help frame competition in their industries. The article illustrates how some powerful European shoemakers have used the political clout of the EU to defend their market positions against shoemakers with lower cost structures in China and Vietnam.
This paper informs what I have learned about the value of analyzing the external environment. I have learned that factors in the external environment can have a significant impact on business. I have also learned, however, that there are times when businesses can influence the external environment to create more favorable conditions.
The story of the anti-dumping duties has long-term implications for trade relations between the EU and these Asian nations. The battle for power in global trade is critical in shaping how we conduct our business, and has been for centuries. The balance of power is relative to the ability of trade blocs and nations to defend or encourage certain industries, and we can see how each side in this story is attempting to protect its economic interests.
To the general citizen, this story is relevant because it helps to explain the prices of shoes in Europe. If there is a shortage of cheap Asian footwear on the market, this story explains the cause. It also illustrates to the general consumer that they may face higher costs for many products if those products are subject to protectionist measures. It is not simply market forces which determine supply and demand.
The piece is well-written and well-documented. Multiple sources are used to provide a balanced perspective. The story illustrates the issue at hand and offers a reasonable explanation to the reader. The information is conveyed well, allowing the reader to form his or her own opinion about the issue by providing background knowledge and perspective from a number of industry personnel.
Works Cited:
Castle, Stephen. (2009). E.U. seeks compromise on Chinese shoe imports. New York Times. Retrieved October 14, 2009 from http://www.nytimes.com/2009/10/14/business/global/14shoes.html?scp=2&sq=shoes&st=nyt
Social & Political Environment of Business Protectionist policies include policies such as tariffs (taxes) upon imported goods and quotas, the latter of which limits the number of imported goods which can be brought into the country. The intention of protectionist policies is to protect local industries and jobs from competition. From the perspective of a poorer nation, protectionism can have certain advantages. A developing nation frequently does not have the resources to
Public Relation Political Environment President Obama recently publicized support gay marriage. While acknowledging power legislate marriage rests states federal government, Obama's announcement historic marked time a sitting President publicly supported gay marriage To Katzenberg & Spielberg Re: Support for gay marriage Recently, some members of the DreamWorks family have raised objections regarding the proposed support for President Obama's reelection campaign in light of Obama's declared support for gay marriage. While no endorsement, particularly
Delta Airlines is headquartered in the United States. The airline industry is heavily-regulated, in particular where public safety is concerned. The airline industry was also transformed in the late 1970s by deregulation, a process which has opened up competition and created the conditions for the industry consolidation that is still ongoing today (The Economist, 2013). Most of the legal/political environment for Delta is the FAA, or Federal Aviation Administration. This
Business Plan In order to accomplish our mission we set forth the following strategic goals, they include: Build the Financial perspective of our business by addressing how shareholders view the firm and which financial goals are desired from the shareholder's perspective. Goals are closely linked to the business lifecycle and must be adjusted over time. For example, in the early stages, our goal is revenue growth, but as the company becomes more
The office and administrative expenses would remain constant even to that point, as would the insurance expense. Exhibit B: Cash Flow Statement, Year Two At this point, the business is earning a healthy return and Mr. Ahn is receiving will be able to bring in a reasonable salary. The nature of the business may well change at this point. At the maximum revenue of $144,000 per year the pretax profit would
Environments The real world companies that are being studied are Starbucks, Apple and FedEx. These three companies face different external environmental challenges and have focused on shifting their internal environments in order to better compete in their external environments. The PEST analysis will be used as the analytical framework (QuickMBA, 2012). Starbucks operates in the quick service restaurant industry, and is one of the top brands in that business (QSR Magazine, 2011).