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business environment is constantly changing and diversifying and companies need to find the appropriate solutions to create long-term growth and ensure that their core business activity does not become obsolete. A good idea in this sense would be to diversify one's business by prospecting new economic sectors and by creating viable alternatives in other areas. A practice much used nowadays creates new businesses within the mother companies, but serious challenges appear, related to the organization, prospect, evolution and survival of this "intrapreneuring."
Indeed, these new businesses face just as much of the challenges associated with any new business and, besides these, several new ones, associated with their particularities. Their primary condition implies the fact that their initial evolution and creation is strictly related to the corporate culture and the climate of the organization to which they are part of. Organizations where managers are open towards new ideas and creative spirits…
There are various views held by management in terms of the methods that should be used to manage the organization. The work of Hartman (nd) states that the evolution of modern management thinking started first in the nineteenth century and flourishing during the twentieth century, which is reported to have "witnessed a revolution in management theory ranging from classical theory to the Japanese management approach." Hartman states that today's management theory derives from the "interdisciplinary efforts of many people." (nd)
Management is described in the work of Olum (2004) as "the art, or science, of achieving goals through people." Olum states, "More broadly, management is the process of designing and maintaining an environment in which individuals, working together in groups, efficiently accomplish selected aims." (2004) Management is about "solving problems that keep emerging all the time in the course of an organization struggling to achieve its goals and…
Sources and Main Issues
The start of the modern organization is reported in the work of Hartman entitled "Management Theory" to have taken place during the middle of the nineteenth century with "the rise of the factory system, principally in the textile industry, where automation and mass production became the cornerstone of productivity." (Hartman, nd) Management theory evolved slowly during the century as the need is reported to have existed "to define what management was in the first instance as well as to operationalize it in meaningful terms for an organization." (Hartman, nd)
Robert Owen and Charles Babbage are reported to have serious examined management theory. Owen's ideas were derived from his ownership of a cotton mill in Scotland and his interest in the well-being of 400 to 500 children employed by the mill. Owen published his pamphlet 'A New Vision of Society' in 1813 in which his idea of society was described and Owen additionally was very active in bringing about improved living conditions for his employees by implementing housing, sanitation, public works and school programs. It was Owen's belief that character was determined by circumstances and that early education combined with environment was critically a part of the formation of good character.
Babbage was held to be the 'father of the modern computer' as he performed the fundamental research upon which the first mechanical calculator was developed as well as developing an 'analytical engine'
Once a no-go zone, Colombia has enjoyed something of a resurgence. This paper will examine the business environment in Colombia, highlighting the different issues that matter to businesses. Colombia has recently become the fastest-growing economy in Latin America (The Economist, 2014), which is testament to some key policy changes that have spurred renewed investment. It started with a major security push to stabilize the country and has now left Colombia enjoying a fairly attractive investment environment. This report will outline the country's economic and legal conditions, to provide the relevant background information for anyone considering doing business in Colombia.
Colombia is experiencing strong growth at present, something that can be attributed both to improved security and to a shift in economic policies. With 46 million people and a relatively slow growth rate, Colombia is the 30th-largest country in the world. Its economy ranks 32nd, with $642.7 billion…
CIA World Factbook (2015). Colombia Central Intelligence Agency. Retrieved April 21, 2015 from https://www.cia.gov/library/publications/the-world-factbook/geos/co.html
Deloitte (2014). Doing business in Colombia 2014 Deloitte. Retrieved April 21, 2015 from http://webserver2.deloitte.com.co/Tax%20&%20Legal/2014/DoingBusiness/Doing%20Business%20Colombia%202014%20Ingles%20-%20VF.pdf
Miller, S. (2011). Foreign ownership rights in Colombia. Colombia International Retrieved April 21, 2015 from http://www.colombiainternational.co/2011/05/foreigner-ownership-rights-in-colombia/
RSF. (2015). 2015 World Press Freedom Index. Reporters Without Borders. Retrieved April 21, 2015 from https://index.rsf.org/#!/index-details/COL
The business circle resonates with two major issues in the modern world, i.e. leadership and globalization.
The modern business world is continuously reshaped by globalization. It is a curious coincidence that a lot of business opportunities are emerging while the number of emerging talent that can make meaningful use of such talent is decreasing. In this scenario, therefore, it is only those who can act on the developments by recognizing the need for talent and take the front row in developing new useful talent today that are certainly tomorrow's winners. Effective and successful leaders in business make sure that their firms are flexible and adaptive. They also maintain a network and minimize the hierarchy ghosts. They generally seek better service delivery. Leaders should prioritize such matters as tapping talent, authenticity, business evolution and revolution and sustainability. Successful leadership clearly outlines quotients, gives its teams direction and what it…
Ashan, Jitu. IMPORTANCE OF ISO & WRAP IN APPAREL INDUSTRY. 18 September 2013. Web. 11 May 2016.
Chand, Smriti. 7 Most Influential Factors Affecting Foreign Trade. 2015. Web. 11 May 2016
Gittell, Ross, Magnusson, Matt and Merenda, Michael. "Government, Public Policy, and Sustainable Business." Ross Gittell, Matt Magnusson and Michael Merenda. Sustainable Business Cases. Flat World Knowledge, 2013. 99-140.
PricewaterhouseCoopers. "How leadership must change to meet the future." 2008 March. PricewaterhouseCoopers. Web. 12 May 2016.
Sainsbury's Business Environment
Mission, vision, objectives, goals and core competence
Sainsbury's chain of supermarkets is the leading store of food retailing in Britain. A single store offers approximately thirty-two thousand varieties of products among them fresh produce and own brand comprising of fifty percent total products. A variety of grocery products and quality foods are sold by the chain of supermarkets. Additionally, they offer other services and products such as petrol stations, restaurants, coffee shops, pharmaceuticals, home ware, clothing, fish, meat, and bakery. The company emphasizes on the mission of "ensuring Sainsbury regains its greatness" (Comim & Qizilbash, 2008). Following this mission, the firm has established the following goals:
Delivering a regularly improving the experience of quality shopping to clients at fair prices for great products
Exceeding customer expectations for tasty, fresh, safe and healthy food to help ensure customers' lives are easier every day
The core values of Sainsbury…
Browne, D.J. (2011). Heinemann business studies for AS level. Oxford: Heinemann.
Comim, F. & Qizilbash, M., (2008). The capability approach: Concepts, measures and applications. Cambridge [etc.: Cambridge University Press.
Dransfield, R. (2010). Applied business: AS level for OCR. Oxford: Heinemann.
Dransfield, R., & Needham, D. (2005). Applied business: AS level for OCR. Oxford: Heinemann.
Wal Mart's Business Environment
When most people think of Wal Mart, they will often associate it with the various stores around the globe. This has helped the company to establish a major presence inside the retail marketplace. However, the challenges with the economy and competitive pressures have been impacting the business environment of the firm. To fully understand what is taking place there will be a focus on: the company's financial information, what was learned, how this can be used by management, the firm's financial health, the effects of globalization, examining benchmarks, the best practices, operational and products analysis. Together, these different elements will highlight the strengths and weaknesses of the firm. ("2012 Annual eport," 2012)
eview Wal Mart's income statement, balance sheet, and cash flow to determine the financial health of the company.
Wal Mart is in a strong financial position in contrast with their top competitors. The company…
2011 Annual Report. (2011). Target. Retrieved from: https://corporate.target.com/annual-reports/2011/images/company/annual_report_2011/documents/Target_2011_Annual_Report.pdf
2012 Annual Report. (2012). Wal Mart. Retrieved from: http://www.walmartstores.com/sites/annual-report/2012/WalMart_Financials.pdf
Annual Report 2011. (2011). Costco.
Wal Mart Black Friday. (2012). Examiner. Retrieved from: http://www.examiner.com/article/walmart-black-friday-2012-sales-ad-reveals-early-thanksgiving-opening-time
Global Business Environment
AT&T Inc. Code of Ethical Conduct and the Telecommunications Industry
Over centuries, one of the most challenging circumstances for pronounced businesses has been on the "management of global organizations." Many companies have recognized these challenges and relate them to the creation of long-term sustainability developments. Companies also relate the challenges to market growths, technological advancements, resource utilization, as well as human rights and resource management. Their basic assumptions and experiences have centered on the increment of their competitiveness and attractiveness, through integration of sustainability efforts in order to construct a firm base for best financial outcomes. Several researches conducted by economic analysts reveal that such challenges are majorly triggered by unethical business practices, taut competition among businesses, and failure in embracement of technological advancements. This paper closely analyses the AT&T's code of ethical conduct as one of the strategies put forth to help deal with the existing…
Jefferson, D. (2011). The U.S. Securities and Exchange Commission: L-3 Commissions
holdings Inc. American Economic Technologies, 21(3), 43-54.
Leyden, J.L. (2009). The Verizon Communications Inc.: Brief profile and code of conduct.
International Business Journal, 23(9), 105-117.
company Federal Mogul business environments (domestic & international) business theories applied environments. Make environments included. Include a summary environment. Then analyze environment collectively incorporating business theories
Federal Mogul Company
The company's activity is influenced by the internal and external environments. The external environment is represented by the economic, social, technological, political, legal, and environmental factors, customers, employees, managers, suppliers, owners, the government, the community, and others. The internal environment is represented by financial, technical, and human resources.
The External Environment
The Economic Environment
Federal Mogul's activity is significantly influenced by the economic situation on the domestic and international markets. The importance of this environment is reflected in the opportunities and constraints it determines (Business Dictionary, 2011). The economic environment is characterized by the structure of economic activity, the level of development, unemployment rate, and others. These factors are directly or indirectly reflected in the market situation. They determine the volume…
1. Kew, J. & Stredwick, J. (2005). Business Environment: Managing in a Strategic Context. Chartered Institute of Personnel and Development. Retrieved August 28, 2011 from http://books.google.ro/books?id=RjS5XTQPnCEC&printsec=frontcover&dq=business+environments&hl=ro#v=onepage&q=business%20environments&f=false .
2. External Environment (2011). Business Dictionary. Retrieved August 28, 2011 from http://www.businessdictionary.com/definition/external-environment.html .
3. Goldman, G. (2006). Strategy: Sustaining Competitive Advantage in a Globalized Context. Retrieved August 28, 2011 from http://books.google.ro/books?id=gTqx36CzB88C&pg=PA46&dq=business+internal+environment&hl=ro#v=onepage&q=business%20internal%20environment&f=false .
internal and external business environment of two fast food giants, McDonald's and KFC. The major sections of the paper include introduction to the companies; the competitive analysis of the fast food industry using five forces model; the Balanced Scorecard and SWOT analysis of the companies; and a set of recommendations in the light of these analyses.
The purpose of this paper is to present an analysis of the Global fast food industry using Michael Porter's Five Forces Model and then evaluate the past, current, and projected performance of two companies from the industry using Balanced Scorecard approach. The paper also presents SWOT analysis of the companies and recommends strategies which can help them in moving forward in the industry in a more competitive and profitable way. The companies selected for this research paper are McDonald's and KFC which are the top market leaders in the Global fast food industry. McDonald's…
About McDonald's, (2011). Sustainability Scorecard. Retrieved on March 27th, 2013, from
Birn, R. (2004). Effective Use of Market Research: How to Drive and Focus Better Business Decisions, 4th Edition. London: Kogan Page
Blythe, J., & Megicks, P. (2010). Marketing Planning: Strategy, Environment and Context, 3rd Edition. U.K: Prentice Hall
Ellwood, I. (2002). The essential brand book: over 100 techniques to increase brand value. 2nd Edition. London: Kogan Page
International Business Environment
My Firm's Acquisition You write a (4-8) page report answers: • As a CEO, acquire a foreign firm. The size firm double, largest industry. What firm foreign firm acquire ? Where firms based? •You enthusiastic opportunity a leading captain industry power, prestige, income.
Greys Technological Company Acquisition
Grey Technological Company (GTC) is a corporation with interests in Information Technology and Telecommunications (IT&T) and Business Process Outsourcing (BPO) located in the United States. It is one of the leading technological firms, which manufactures and exports IT&T products. For over 15 years, we have been selling these products, in the central and northwest regions of the United States. During the initial seven years of our business, we have succeeded in expanding globally in Argentina, Mexico and Chile.
The target company is a foreign IT firm that located in India that has interests in Online Computer Games (OCG). They are…
Javidan, M. (2006). Mergers and acquisitions: creating integrative knowledge. New York:
Mendenhall, M.E. (2005). Mergers and acquisitions: managing culture and human resources.
London:Stanford University Press.
1. Part I:
Although the objective for this study is singular, it encompasses multiple dimensions. Comprehensively, it seeks to examine the role of business management within contemporary India. Therefore, the notion of management is couched within the modern business climate in India. India has always had a bevy of unique characteristics that substantially affect its workplace environment. This study seeks to stratify many of those characteristics and analyze them within the greater context of business management within this country.
More specifically, then, this study will identify the most salient factors of the business environment in India. These include factors such as those pertaining to politics, economics, ethics, legality, culture, and society. By assessing each of these factors as they relate to the country, the author of this study hopes to attain an overview of the various resources which business managers will have while engaged in this country. Simultaneously,…
Iyengar, R. (2017). India\\'s economy in \\'downward spiral.\\' What did Modi get wrong? http://money.cnn.com/ Retrieved from 2017/10/04/news/economy/india-economy-modi-slowdown/index.html?iid=EL
Kumar, N., Wu, H. (2017). Indian Prime Minister faces growing criticism as economy bites. http://edition.cnn.com/ Retrieved from http://edition.cnn.com/2017/09/29/asia/modi-indian-prime-minister-criticism-economy/index.html?iid=EL
The Economic Times. (2017). India Inc feels doing business in India getting easier but land an issue. https://economictimes.indiatimes.com/ Retrieved from https://economictimes.indiatimes.com/news/economy/indicators/india-inc-feels-doing-business-in-india-getting-easier-but-land-an-issue/articleshow/61784764.cms
The World Bank. (2017). Ease of doing business in India. www.doingbusiness.org/ Retrieved from http://www.doingbusiness.org/data/exploreeconomies/india#starting-a-business
Thenmozhi, M. (2017). Approaches to management. http://nptel.ac.in/ Retrieved from http://nptel.ac.in/courses/IIT-MADRAS/Management_Science_I/slides/1_3s.pdf
World Population Review. (2017). India population 2017. http://worldpopulationreview.com/ Retrieved from http://worldpopulationreview.com/countries/india-population/
Founded by Jack Friedman, JAKKS Pacific “designs, produces, markets and distributes toys and related products, pet toys, consumables and related products, electronics and related products, kids indoor and outdoor furniture, and other consumer products” (Reuters, 2018). The company’s current CEO is Stephen Berman. Being a licensee to a number of well-known trademarks including, but not limited to, Nintendo and Star Wars, JAKKS Pacific remains a key player in the toys and related products marketplace.
2. JAKKS Pacific Vision and Mission
The mission statement of the company highlights three areas of relevance – the development of products that not only bring about fun, but also encourage interaction and promote learning. The mission of the company is stated as:
“JAKKS engages children in creative play with products that encourage learning and interaction, and most importantly – fun!” (JAKKS Pacific, 2018).
The company’s vision statement, in addition to indicating the entity’s…
Business Wire. (2016). JAKKS Pacific Acquires C’est Moi™ Professional Skincare and Performance Makeup Brand. Retrieved from https://www.businesswire.com/news/home/20161017005224/en/JAKKS-Pacific-Acquires-C%E2%80%99est-Moi%E2%84%A2-Professional-Skincare
Hasbro Inc. (2018). Hasbro: Brands. Retrieved from https://www.hasbro.com/en-us/
Hill, C. & Jones, G. (2012). Strategic Management: An Integrated Approach (8th ed.). Mason, OH: Cengage Learning.
JAKKS Pacific. (2018). Jakks Pacific. Retrieved from https://www.jakks.com/
Marvel Entertainment. (2018). Marvel. Retrieved from http://marvel.com/
Mattel Inc. (2018). News Room. Retrieved from https://news.mattel.com/
Moyer, R.C., McGuian, J.R. & Rao, R.P. (2017). Contemporary Financial Management (14th ed.). Belmont, CA: Cengage Learning.
Reuters. (2018). JAKKS PACIFIC Inc. (JAKK.O). Retrieved from https://www.reuters.com/finance/stocks/financial-highlights/JAKK.O
The Agency of Diversity Managers in Organizational Change
The article by Tatli and Ozbilgin (2009) identifies three concepts that are essential for understanding the diversity manager’s agency in the organizational change process: these concepts are 1) situatedness, 2) relationality, and 3) praxis. This three-dimensional conceptual framework used to chart the manager’s agency embeds it “in the process of organizational change” (Tatli & Ozbilgin, 2009, p. 247). This paper will provide a synopsis of the article by Tatlie and Ozbilgin (2009) and describe the authors’ conceptual framework in detail and discuss the three concepts used to develop a deeper understanding of the agency of diversity managers in organizational change.
Tatli and Ozbilgin (2009) state that “in our framework, social field of diversity management refers to three historically formed structures at the social level: cultural and demographic dynamics in the labour market; institutional structures regarding diversity and equality (legislation and institutional actors);…
Tatli, A., Ozbilgin, M. (2009). Understanding diversity managers’ role in organizational change: Towards a conceptual framework. Canadian Journal of Administrative Sciences, 26, 244-258.
There has been little in the way of fiscal policy, and the result has been entirely predictable. ith no particular influx of spending into the economy, the recovery has generally been quite weak. ith no fiscal policy tools on the horizon, it is therefore unlikely that any improvement to the recovery will take place.
International business is also an option for a company to improve its situation. If a company wants to sell, for example, running shoes, it has a number of options for this. The company could make the shoes in one country and sell them around the world. The company could also make the shoes in a number of different countries for local sale. It is recommended that the country should take advantage of economies of scale and produce in one country. Then, the company should sell the shoes all over the world. It can use local help…
World Economic Forum (2013). Global agenda council on the role of business. World Economic Forum. Retrieved May 5, 2013 from http://www.weforum.org/content/global-agenda-council-role-business-2012-2013
Friedman, M. (1970). The social responsibility of business is to increase its profits. New York Times Magazine Retrieved May 5, 2013 from http://www.colorado.edu/studentgroups/libertarians/issues/friedman-soc-resp-business.html
Labonte, M. (2013). Federal Reserve: Unconventional monetary policy options. Congressional Research Service. Retrieved May 5, 2013 from http://www.fas.org/sgp/crs/misc/R42962.pdf
UK National Environment
In UK, the allocation of resources is purely based on the forces of demand and supply. This form of economy is a free economy in which competition is embraced and firms have to become efficient to increase their level of competitiveness. The government only intervene to provide the necessary infrastructure and to ensure that consumers are not exploited by the businesses. Besides, the government will formulate policies that ensure fair competition and collect revenues for the country development agenda. With these, businesses must ensure that they operate within the law and abide by the regulations that are set by the state. Barr Company can therefore conduct business in a competitive industry without government interference on what form of business to do or the amount of prices to charge on their products. The management has large latitude of choice to make on how to produce, what to produce,…
2003. Soft drinks in the UK, London, Euromonitor.
A.G., B.P.L.C. 2012. a.G, Barr plc financial results 2012 [Online]. Available: http://www.agbarr.co.uk/agbarr/newsite/ces_docstore.nsf/wpg/1B9A74B86C552270802579CD00485134/$file/Final%20results%20announcement%20January%202012.pdf .
AGRAA, a. 2007. The European Union: economics and policies (8th ed.), Cambridge, Cambridge University Press.
BOTHA, a. & KOURIE, D. 2008. Coping with continuous change in the business environment:knowledge management and knowledge management technology, Oxford, Chandos Pub.
Interaction of the Business Environment
The environment of a company is much like the natural world in that there are many layers to any single organization (Marques, 2007). Political forces are present because there are factions and beliefs within a company which cause different politics to be formed. The economics of running an organization are a different facet of the environment which many consider the most important part of the business (after all the business of business is to make money), but it is actually a piece of the larger while which is neither more important or less than any other. Very business also has a social component. All of the different relationships that occur in the wider world can be found in any large organization. Another part of the environmental whole that affects every other part has to do with the technical functioning of the business. Technology…
Laumer, S., Eckhardt, A., & Weitzel, T. (2010). Electrojnic human resources management in an e-business environment. Journal of Electronic Commerce Management, 11(4), 240-251.
Loewe, M., Blume, J., & Speer, J. (2008). How favoritism affects the business environment: Empirical evidence from Jordan. The Middle East Journal, 62(2), 259-272.
Marques, J. (2007). The influence of the global business environment in realizing the millennium development goals. Journal of Global Business Issues, 1(1), 17-25.
Ruff, F. (2006). Corporation foresight: Integrating the future business environment into innovation and strategy. Research Technology Management, 278-295.
Business environment is mainly characterized by various human economic activities including the production, sale, and purchase of goods and services that are carried out with the main objective of earning profits. Generally, the business environment can be described as a set of conditions that facilitate and promote the human economic activities. This environment is basically comprised of the internal business environment and the external business environment. The internal business environment includes the factors that are within the control of business while the external business environment refers to factors that are beyond the control of the business enterprise. One of the most common aspects of the business environment and human economic activities is the economy, which is generally influenced by various factors.
ole of Business in the Economy:
Business is defined as the management and coordination of individuals and resources in order to achieve specific production objectives, with the main goal…
Bernanke, B. (2011, February 9). The Economic Outlook and Monetary and Fiscal Policy.
Retrieved November 3, 2012, from http://www.realclearpolitics.com/articles/2011/02/09/the_economic_outlook_and_monetary_and_fiscal_policy_108845.html
"Introduction to the Economy, Fiscal and Monetary Policy." (n.d.). Investorguide.com. Retrieved November 3, 2012, from http://www.investorguide.com/igu-article-284-basic-economic-concepts-introduction-to-the-economy-fiscal-and-monetary-policy.html
"McDonald's Issues First Worldwide Social Responsibility Report." (n.d.). CSR Press Release.
If the economy has not grown, it is certainly not the result of poor monetary policy response, given that the Fed's policies under normal conditions would have resulted in significant economic growth. Fiscal policy, therefore, has clearly been inadequate. Indeed, little of his has been attempted in recent years and the current path of "sequestration" is contractionary.
The product that I have selected is headphones. The global market for headphones can be difficult to reach, since the retailers are going to be different for each country. Thus, the strategy for going global has to involve going to one country at a time. Exporting is the best method of market entry in this situation, because the company does not need to set up a subsidiary in any country until the country has proven receptive to our headphones. e are simply selling to importers, who handle the rest of the…
Friedman, M. (1970). The social responsibility of business is to increase its profits. New York Times Magazine. Retrieved May 5, 2013 from http://www.colorado.edu/studentgroups/libertarians/issues/friedman-soc-resp-business.html
Clark, M. & Saade, R. (2010). The role of small business in economic development of the United States. Working Paper. Retrieved May 5, 2013 from http://www.sba.gov/advocacy/7540/12143
Weisbrod, B. (1988). The nonprofit economy. Harvard University Press. Cambridge, MA.
Riley, G. (2012). Fiscal policy effects. Tutor2U.net. Retrieved May 5, 2013 from http://www.tutor2u.net/economics/revision-notes/a2-macro-fiscal-policy-effects.html
Business Environment in Taiwan
Taiwan is an island situated approximately 180 kilometers (Eastern Asia) away from southeastern coast of mainland China. Having a geographical area of 35,883 Km2, Taiwan is officially part of the Peoples epublic of China (PC) although there is much tension between Taiwan and China regarding statehood of Taiwan. The U.S. however does not acknowledge Taiwan as a separate state. Taiwan has a population of 23 million (consisting three main ethnic groups i.e. Taiwanese, Mainland Chinese, and indigenous people) and Taipei is the capital city of Taiwan. Of late, relations between Taipei and Beijing have been cordial. Taiwan follows a civil law system and has a multiparty democracy as governance system (Department of Investment Services, 2013). Being a thriving economy based on hi-tech industrial base and trade relations with most of the developed world, the country is deemed an important destination by multinational corporations (MNCs) for the…
Chow, G., & Lin, A.L. (2002). Accounting for economic growth in Taiwan and Mainland China: a comparative analysis. Journal of Comparative Economics,30(3), 507-530.
Council for Economic Planning and Development & MOTC. (2013). Taiwan lowers Threshold for establishment of international airlines. CEPD. Retrieved from: http://www.cepd.gov.tw/encontent/m1.aspx?sNo=0019595
Council for Economic Planning and Development. (2013). Removal of items from negative list increase choices for foreign investors. CEPD. Retrieved from: http://www.cepd.gov.tw/encontent/m1.aspx?sNo=0019594
Department of Investment Services. (2013). Invest in Taiwan: Stable Politics, Emphasis on Democracy, Laws, and Freedom. Ministry of Economic Affairs Taiwan. Retrieved from: http://investtaiwan.org/matter/show_eng.jsp?ID=412
The role of business in the economy
Sustainability of a business and prosperity to an economy go hand in hand. In order to attain profitability, businesses have a number of roles to play. Businesses provide society with products that are necessary to the society and otherwise unavailable Henderson & Affairs, 2004.
Business assist in providing jobs to the local population, mobilization of resources and increase a tax pool for the government with which provision of social services is made possible.
Businesses are a source of wealth creation to a nation through resource utilization. Production undertaken will build a source for export to other countries Henderson & Affairs, 2004.
Businesses assist in technological advancements and increase an economy's technology base.
Comparison and contrasts between the role of for-profit and nonprofit organization in the economy
Profit organizations are identified to by their key objective of profit maximization. Nonprofit organizations are…
Garvin, D.A. (2000). Building A Learning Organization, Transitional Management: . Brazil: McGraw-Hill Higher Education.
Henderson, D., & Affairs, I. o. E. (2004). The role of business in the modern world: progress, pressures and prospects for the market economy: Institute of Economic Affairs.
ole of Business
In order to comprehend the role of business, it is necessary to understand the meaning of business and its importance to society. Businesses are established to produce and sell goods and services to the customers. This, in result, also creates employment opportunities for candidates, customers, suppliers, and other vendors. Businesses extend their role by continuously producing new goods and services by investing in new technologies and developing workforce. This whole process must follow a path that can make the business profitable. The goods and services produced must be created while keeping the customer's needs in mind. Moreover, businesses justify their role by defining its corporate social responsibility (CS) policy. Corporate social responsibility is a voluntary responsibility beyond the requirements of national legislation. This comprises of issues such as environmental security, human rights and civic freedom. Basically businesses are divided into two main categories. One category…
A Guide to Corporate Social Responsibility (CSR). (2012, November 11).
http://www.investopedia.com . (2012, November 6). Retrieved from
business environment cause changes in supply and demand? Cite and explain at least two examples from the simulation.
Changes in the business environment increase or decrease supply and demand under different circumstances and assumptions. If the change in the business environment aims at reducing the cost of the product or service under demand and supply study, it has the influence of increasing the quantity demanded (Mungui-Pupazan, 2009). This entails that the quantity of commodities consumer is willing and able to pay for increases with a decrease in the cost of the products or services available at their disposal. Quantity demanded would exert much pressure on the few commodities if a producer is willing and able to supply in order to much the needs of the market. This forces the price to increase in order to reduce the shortage in the market. From the simulation, GoodLife reduces the rental rates in…
An Empirical Estimation of the Factors Affecting Demand and Supply of Poultry Meat. (2010). Pakistan Veterinary Journal, 30(3), 172-174.
Baumol, W.J., & Blinder, A.S. (2012). Economics: Principles and policy. Mason, OH: South- Western Cengage Learning.
Black, J., Hashimzade, N., & Myles, G.D. (2009). A dictionary of economics. Oxford: Oxford University Press.
Gans, J. (2011). Principles of economics. South Melbourne, Vic: Cengage Learning.
Describe the role of business in the economy, including the factors of production and the key dimensions of the business environment.
Business is the engine that drives the economy, providing jobs, purchasing raw materials from producers, and providing the products and services that all consumers use, improving the value of life for everyone in the environment. The income of the economy is distributed through the factors of production. The three main factors of production are labor, land, and capital (Mankiw, 2012, p.393). Companies employ many people, providing jobs and money for the economy through labor. Companies will continue to demand more labor until the cost begins to outweigh the value of this production factor. This is an important factor because these employees are also consumers who pump most of the money they receive right back into the economy in one way or another. Companies need available land, both…
Mankiw, N.G. (2012). Principles of Economics (6th ed.). Mason, OH: South-Western
Kelly, M. & McGowen, J. (2011). BUSN3. Mason, OH: South-Western Cengage Learning.
Epstein, M.J. & McFarlan, F.W. (2011). Nonprofit vs. for-profit boards: Critical differences.
Social Media in the Business Environment
In the past few years, there has been a tremendous and dramatic increase in the use of social networking sites and social media such as Facebook and Twitter. This is particularly because of the low-cost, user-oriented, and highly collaborative means of communication that continues to evolve through its own impetus. Consequently, social networking sites or social media are based on certain principles that the corporate or business environment can learn from. There is an assumption that the widespread adoption of social media in people's personal lives can be moved to the professional environment where they can be used to develop unprecedented knowledge bases in which people, industries, and the society can be empowered. However, many businesses still consider social media and social networking sites tools as frivolous to an extent that they have prohibited their use in the working environment. Actually, these companies still…
Coleman, A (2012), How Social Media can Benefit Small Businesses, The Guardian, viewed 6
Ernst & Young (2012), Protecting and Strengthening your Brand, Ernst & Young, viewed 6
AT&T STANDARDS AND Business
Global business environment is an environment within different sovereign countries and exogenous factors to the home of an organization influence the process of making decisions when it comes to the use of resources and capabilities. These include political, social, economic, legal, cultural, tax, regulatory and technological environments.
Global business environment is an environment within different sovereign countries whereby factors that are exogenous to the home environment of a particular organization have an influence on the process of making decisions when it comes to the use of resources and capabilities. These include political, social, economic, legal, cultural, tax, regulatory and technological environments.
Challenges to global business environment
Unethical business practices,
Failure to embrace technology advancements.
Stiff competition among the businesses.
Unethical business practices exist due to the lack of established ethical code of conduct within an organization
There are serious challenges on the global business environment which…
Bookshop; Business Environment
Opening a new business is always a challenging prospect. Many factors can influence the success or failure of a new business. Access to capital is an example of a significant influencing factor. There are also environmental factors that must be taken into account. The immediate competition in the environment, for example, can influence factors such as pricing and product differentiation. When starting a new bookshop in a shopping mall, for example, the strategies used will depend upon issues such as other businesses of the same type in the mall, and the pricing strategies that they use to sell their products.
According to ichards (2010), the first factor to take into consideration when starting a new business is access to capital. This is then also the primary consideration when opening a bookshop. Capital is, for example, required to purchase the books to be sold in the shop as…
Business Resource Software, Inc. (2010). Marketing Plan. Retrieved from: http://www.businessplans.org/market.html
Europa (2010). Business environment. Retrieved from http://europa.eu/legislation_summaries/enterprise/business_environment/index_en.htm
Hitchin, J. (1998). Planning the Opening and Running of a Bookshop. Retrieved from http://www.osi.hu/cpd/resources/jsailor/
Learn Marketing. (2010). Micro Environmental Factors. Retrieved from http://www.learnmarketing.net/microenvironment.htm
U.S. Business Environment in the Next Decade and Implications for Business and Households.
Over the last decade, the U.S. economy has been undergoing tremendous challenges. This is because the lingering recession and slow recovery have left the unemployment rate high. Evidence of this can be seen in figures from the Bureau of Labor statistics between 2008 and 2012 (which is illustrated in the below table).
US Unemployment ate from 2008 to 2012
("Labor Force Statistics," 2012)
These numbers are showing how the economy has continued to struggle despite tremendous efforts from the federal government to stimulate growth. This is because the recession was much deeper than expected and the recovery has been stagnant. ("Labor Force Statistics," 2012)
At the same time, the world economy is continually shifting with many developing nations playing a larger role (i.e. Brazil, ussia, India and China). Commenting about these transformations Beattie (2010) observed, "The…
State and Local Governments. (2012). GAO. Retrieved from: http://www.gao.gov/new.items/d08317.pdf
Labor Force Statistics. (2012). BLS. Retrieved from: http://data.bls.gov/timeseries/LNS14
Overview. (2012). GAO. Retrieved from: http://www.gao.gov/special.pubs/longterm/
Ahern, R. (2011). Rising Economic Powers and the Global Economy. Congressional Research Service.
Apple Computer Analysis
The business environment that is affected by the process of globalization determines companies to develop complex strategies. These strategies are intended to help companies improve their position on the market and increase their number of customers. Apple is one of the most successful companies on international level. However, this does not make it easier for the company to address the environmental factors in this business industry. Apple must make investments in reaching the high quality standards that the company established in this industry.
Therefore, it is important that Apple identifies the success factors that can help the company reach its objectives. In addition to this, the strategy must be flexible in order to be able to adapt to different environmental factors that influence its activity. This strategy must be developed in accordance with the company's objectives, but also with different market requirements.
Impact of the Company's Mission,…
1. Apple Corporate Information (2012). Apple. Retrieved September 5, 2012 from http://investor.apple.com/faq.cfm?FaqSetID=6 .
2. Hill, C. & Jones, G. (2009). Strategic Management: An Integrated Approach. Cengage Learning. Retrieved September 6, 2012 from http://books.google.ro/books?id=CzIK9ELsyYwC&pg=PA42&lpg=PA42&dq=porter+five+forces&source=bl&ots=AVj6VuaOr_&sig=rPlDgIpFVpyfsSvBLCAYI-0hflM&hl=ro&sa=X&ei=tW9IULqmDYvGtAaK5oHgBA&ved=0CEcQ6AEwBA#v=onepage&q=porter%20five%20forces&f=false .
3. Furrer, O. (2010). Corporate level Strategy: Theory and Applications. Retrieved September 6, 2012 from http://books.google.ro/books?id=8qOSwmi1oy8C&printsec=frontcover&dq=strategy+levels&source=bl&ots=PiydsWiaQB&sig=l0muTzde8KNXN0Lex2v1B3QgQzM&hl=ro&sa=X&ei=gHBIUN0xjcKzBsf8gegJ&ved=0CFAQ6AEwBQ#v=onepage&q=strategy%20levels&f=false .
4. John, K. & Makhija, A. (2011). International Corporate Governance. Retrieved September 6, 2012 from http://books.google.ro/books?id=Aurg2WTWCN0C&printsec=frontcover&dq=corporate+governance+mechanisms&source=bl&ots=dVn3zg62go&sig=86pE6ET2SXLeWOWnHwBua4ceT8Y&hl=ro&sa=X&ei=EHFIUPmqB8XatAb10YHYDQ&ved=0CFgQ6AEwBw#v=onepage&q=corporate%20governance%20mechanisms&f=false .
That can get them into a lot of trouble.
In short, uncertainty is always going to be there in the business world. Nothing is one hundred percent certain when a person is owning and operating a business. During a time when economic uncertainty is higher than normal, there is even more uncertainty that has to be addressed. Overall, though, most uncertainty falls into levels one and two. By the time it has gotten to level three the economy and industry are both struggling and it may be better not to make any exotic or unexpected changes during that time. In level four, there is no need to start creating strategy. It is simply too dangerous to consider, because it offers too large of a range of choices to be seen. When it is completely impossible to address or even determine ever reasonable option or outcome that could occur, it is…
Shedd, P. orehead, J. & Pagnattaro, . 2008). The Court however, in absence of any special relationship between Burger King and Iannelli does use the Walls case to highlight "particular circumstances which can give rise to such duty" (Reed, O. Shedd, P. orehead, J. & Pagnattaro, . 2008).
In deciding the case in favor of the plaintiffs, the court indicates that it was the duty of the Burger King establishment to recognize that the precipitant to the attack on Iannelli was the "teenagers' obnoxious, open, and notorious behavior in the restaurant" (Reed, O. Shedd, P. orehead, J. & Pagnattaro, . 2008). This behavior "could reasonably have been anticipated to escalate into acts that would expose patrons to an unreasonable risk of injury" (Reed, O. Shedd, P. orehead, J. & Pagnattaro, . 2008). The court recognizes that "particular circumstances" warrant the defendant to take affirmative action to reduce the risk of…
Morehead, J. & Pagnattaro, M. 2008). These circumstances include when the opportunity for criminal misconduct is brought about by the actions or inactions of the owner or where the overriding foreseeability of such criminal activity exists. (Reed, O. Shedd, P. Morehead, J. & Pagnattaro, M. 2008)
For the defendant the duty to protect their customers followed from the actions of the youths which 'created and unreasonable risk of injury which was foreseeable to the defendant" (Reed, O. Shedd, P. Morehead, J. & Pagnattaro, M. 2008).
What does the Court suggest that the restaurant manager should have done in this case that would have satisfied the
External and Internal Environments for Amazon
External and Internal Environments
Two segments of the general environment
Everything being equal, it is the primary objective of any company or business to gain a bigger market share, grow, affect its bottom line, and be successful. In order for the business to accomplish its goals, the business should deal with all its stakeholders who include suppliers, employees, shareholders, customers, competitors, and society. A business will encounter stiff competition in all its market be it locally or internationally for it to achieve its objectives and goals. For a business to gain competitive advantages over its rivals within the industry, it must be able to understand the present and predict future trends. The business should also take into consideration the internal and external environments of the business industry, which will impact the business activities directly and indirectly. Jeff Bezos founded Amazon, which is the world's…
Chu, C.-P., Guo, W.-C., & Lai, F.-C. (2012). On the competition between an online bookstore and a physical bookstore. NETNOMICS: Economic Research and Electronic Networking, 13(3), 141-154.
Hitt, M., Ireland, R.D., & Hoskisson, R. (2012). Strategic management cases: competitiveness and globalization. Stamford, CT: Cengage Learning.
Ritala, P., Golnam, A., & Wegmann, A. (2014). Coopetition-based business models: The case of Amazon. com. Industrial marketing management, 43(2), 236-249.
Rothaermel, F.T. (2013). Strategic Management: Concepts: McGraw-Hill Irwin.
global business environment and organizations are vying with each other to obtain a share in this global business market. Innovation and intellectual property protection have become crucial for business success under these increasingly competitive market environments. The fast paced business culture and the changes that Organizations encounter require good leadership skills from the business manager. Today's managers have to be proactive and anticipatory of these change requirements. They have to possess good risk management strategy to be better prepared for unforeseen market changes. A consistent effort at process improvement and a customer centric business focus has made Quality management an integral part of every business. Project management therefore involves 'communication management', 'risk management', 'quality management'. These business concepts, when applied to the classroom environment help the students imbibe these managerial skills and result in significant improvements in their academic performance, stimulate their creative thinking, and their decision-making ability. A brief…
1) Joshua S. Gans & Scott Stern, (2002) 'Managing Ideas: Commercialization Strategies for Biotechnology', Melbourne Business School.
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multicultural business environment, Geert Hofstede's cultural dimension provide an interesting framework by which to understand the management function. Hofstede proposed that there are five dimensions along which cultures differ -- power distance, uncertainty avoidance, individualism vs. collectivism, masculinity vs. femininity, and time horizon. Managers today must understand each of these dimensions, because they closely relate to how well the workers in the company are going to respond to management challenges.
Since their inception, Hofstede's dimensions have come under scrutiny by the academic community, even though people in business have found them particularly useful to put intercultural interactions into their appropriate context. Hofstede (2011) himself notes that the dimensions are aggregate, and should not be placed on any given individual, because while some individuals more readily fit the dimensions, every individual is different and it is risky to assume that there is going to always be a perfect fit.…
Hofstede, G. (2011). Dimensionalizing cultures: the Hofstede model in context. Psychology and Culture. Article 8, retrieved April 24, 2014 from http://scholarworks.gvsu.edu/cgi/viewcontent.cgi?article=1014
Minkov, M. & Hofstede, G. (2011). The evolution of Hofstede's doctrine. Cross Cultural Management: An International Journal. Vol. 18 (1) 10-20.
Taras, V., Kirkman, B. & Steel, P. (2014). Examining the impact of culture's consequences. University of North Carolina
Jones, R., Lyu, J., Runyan, R., Fairhurst, A., Kim, Y., Jolly, L. (2014). Cross cultural consensus: Development of the universal leadership model. International Journal of Retail & Distribution Management. Vol. 42 (4)
Home to the world's tenth largest economy and second largest population, India defies swift generalization. It includes a vast range of developmental situations, cultures, languages, and climates. The country remains largely rural, with just 26% of its people living in cities. Yet in 1995 it had over 30 cities of one million or more residents, including three of the world's 20 largest cities -- Bombay, Calcutta, and Delhi -- according to United Nations estimates (The Anguish of India, 1997).
Currently Indian labor laws, regulations, and workforce standards are very outdated. India is plagued with corruption. India has been ranked 9th in a list of 75 countries where dishonest practices are common, which is indeed an uncertain distinction. The corruptions, delays, bureaucratic red tape, and archaic labor laws are ingrained in India's business culture. These pitfalls have deterred foreign investors from investing in India (Stokes, 2003).
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"Opening up the financial system to foreign capital flows can lead, and has led, to disastrous financial crises, which have resulted in great pain, suffering and even violence" (Mishkin, 2006, p.9).
Directly linked to the previous disadvantage and the basic definition of globalization, is the fact that the interdependence of sectors and institutions increases in a global market. In this instance then, a financial crisis within one country or within one institution is likely to generate negative effects upon its partners. The most relevant example of chain reaction to a financial crisis is the current situation, in which the global community is threatened with economic collapse due to the financial difficulties of the United States. The situation is similar in terms of politics or the social environment.
Globalization has often been assimilated with Americanization, meaning by this the desire of the American corporations to transcend boundaries and get access to…
Ervin, J., Smith, Z.A., 2008, Globalization: A Reference Handbook, ABC-CLIO
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Holm, H.H., Globalization and What the Governments make of it, European Institute Firenze, Retrieved at http://www.djh.dk/pdf/forskning/global.pdfon January 20, 2009
Kolodko, G.W., 2003, Emerging Market Economies: Globalization and Development, Ashgate Publishing
NIKE Marketing Analysis
Business environment consists of numerous factors and forces that impact the business organizations' ability to operate competitively and profitably in their industry. These forces exist at both micro and macro levels and require the business organizations to show quick response to the uncertainties and complexities which may arise in the business environment from time to time (Cadle, Paul, & Yeates 2010). These forces impact each and every aspect of the business operations like marketing decisions, segmentation, targeting, and positioning strategies, consumers' buying behavior, marketing or promotional activities, and others (Lamb, Hair, & McDaniel 2012). This paper presents a report on the marketing analysis of Nike, Inc. -- a well-recognized brand in the clothing, sportswear, and footwear manufacturing industry of the world. The major sections include; impacts of micro and macro environments on Nike's marketing decisions, the segmentation criteria which it uses in different markets, the…
Cadle, J., Paul, D., & Yeates, D. 2010, Business Analysis, 2nd Edition. Swindon: British Informatics Society
Kurtz, D.L., MacKenzie, H.F., & Snow, K. 2010, Contemporary Marketing, 2nd Edition. Toronto: Nelson Education
Lamb, C., Hair, J., & McDaniel, C. 2012, Essentials of Marketing, 7th Edition. Ohio: South-Western Cengage Learning
Nike, Inc. 2012, About Nike, Inc. Available from [Accessed September 30th, 2012]
Additionally, its taxation advatantages may erode due to pressure from EU and implicitly its wages will increase as taxes increase. Competition from emerging countries, namely Eastern Europe will become stronger as Ireland allings its strong points to EU standards. Moreover, the country's inflationary problem persistance may strengthen EU pressure on the authorities to reduce it through its fiscal policy.
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Barry, F. And Bradley, J. 1997. FDI and Trade: The Irish Host-Country Experience. The Economic Journal, vol. 107(445): pp. 1798-1811, http://www.res.org.uk/
Berry, . 2001. U.S. Foreign Direct Investment in Ireland: Making the Most of Other's People Money. Perspectives on Business and Economics, vol. 19.
Cassidy, Mark, 2002. The Irish Economy: ecent Experience and Prospects. in: Aronson, ., Munley, V., Thornton, . (Eds.). The Irish Economy in Transition: Successes, Problems and Prospects. Elsevier Science, Amsterdam: pp.…
BBC news channel. 2004. Ireland is Named 'Best Country', published on Nov 17, http://news.bbc.co.uk/1/hi/world/europe/4020523.stm .
Barry, F. And Bradley, J. 1997. FDI and Trade: The Irish Host-Country Experience. The Economic Journal, vol. 107(445): pp. 1798-1811, http://www.res.org.uk/
Berry, R. 2001. U.S. Foreign Direct Investment in Ireland: Making the Most of Other's People Money. Perspectives on Business and Economics, vol. 19.
Cassidy, Mark, 2002. The Irish Economy: Recent Experience and Prospects. in: Aronson, R., Munley, V., Thornton, R. (Eds.). The Irish Economy in Transition: Successes, Problems and Prospects. Elsevier Science, Amsterdam: pp. 5-30.
The successful firms have the war chest, and often this was acquired through strong long-term planning. Thus, successful firms have the ability to build upon that success during economic downturns, which sets them up to be in an even stronger position when the next downturn strikes.
Becton, B., & Schraeder, M. (2009, January). Strategic Human Resources Management. Journal for Quality & Participation, 31(4), 11-18. Retrieved May 5, 2009, from Academic Search Premier database.
Birdi, K., Clegg, C., Patterson, M., Robinson, A., Stride, C., all, T., et al. (2008, September). THE IMPACT OF HUMAN RESOURCE AND OPERATIONAL Management PRACTICES ON COMPANY PRODUCTIVITY: A LONGITUDINAL STUDY. Personnel Psychology, 61(3), 467-501. Retrieved May 5, 2009, doi:10.1111/j.1744-6570.2008.00120.x
KEPES, S., DELERY, J., & GUPTA, N. (2008, August). STRATEGIC HUMAN RESOURCE Management: A SYSTEMS PERSPECTIVE. Academy of Management Proceedings, Retrieved May 5, 2009, from Business Source Premier database.
D'Aurizio, P. (2008, November). Southwest Airlines:…
Becton, B., & Schraeder, M. (2009, January). Strategic Human Resources Management. Journal for Quality & Participation, 31(4), 11-18. Retrieved May 5, 2009, from Academic Search Premier database.
Birdi, K., Clegg, C., Patterson, M., Robinson, A., Stride, C., Wall, T., et al. (2008, September). THE IMPACT OF HUMAN RESOURCE AND OPERATIONAL Management PRACTICES ON COMPANY PRODUCTIVITY: A LONGITUDINAL STUDY. Personnel Psychology, 61(3), 467-501. Retrieved May 5, 2009, doi:10.1111/j.1744-6570.2008.00120.x
KEPES, S., DELERY, J., & GUPTA, N. (2008, August). STRATEGIC HUMAN RESOURCE Management: A SYSTEMS PERSPECTIVE. Academy of Management Proceedings, Retrieved May 5, 2009, from Business Source Premier database.
D'Aurizio, P. (2008, November). Southwest Airlines: Lessons in Loyalty. Nursing Economic$, pp. 389,392. Retrieved May 5, 2009, from Academic Search Premier database.
Fixtures are considered part of personal property, but in cases where they become a part of real property and cannot be removed, they are considered part of real property. uilding on a plot of land is a fixture that is considered part of real property, similarly things that are fixed with the real property and can not be removed without damage can be considered part of real property. In case of sale of real property, it is appropriate to define the items of personal property that will be included with the real property and which will not be included.
The law does not recognize ownership achieved by deceitful means such as theft, fraud or force. Property may be acquired through:
Exchange: In exchange for money or other property
Possession: eing the first owner of previously un-owned property
Confusion: When ones property is mixed with someone else's property by mistake or…
Business Litigation - An Overview, Retrieved from Internet on 27 May 2006. http://www.stolar-law.com/cm/fsdp/practicecenter/business/business-litigation.asp?focus=overview
Criminal Law, Wikipedia Encyclopedia, Retrieved from Internet on 27 May 2006. http://en.wikipedia.org/wiki/Criminal_law
Muhi, C.J., The Employment-at-Will Doctrine: Three Major Exceptions, Monthly Labor Review, January 2001
Reed, O.L., Shedd, P.J., Morehead, J.W., Robert N. And Corley, R.N., The Legal and Regulatory Environment of Business, ISBN: 0072881119, 2005, McGraw-Hill
Then, another, and probably the most obvious, application of operations management is that of achieving cost reductions. ichard Stylves offers the most conclusive example of Henry Ford, who sought to integrate assembly lines using the most cost effective commodities, including labor force. The aim of operations management is then that of reducing expenditure and increasing operational efficiency. Its applications are present at all organizational levels, from resource allocation to product distribution. Amazon.com has successfully integrated these principles by establishing its warehouses in adequately chosen locations which allow it to efficiently and automatically distribute its products to worldwide consumers.
Carter McNamara agrees with most of the previous findings, but his article is more of a generalist one, in which the author simply states that operations management has applications in "purchasing, control and coordinating function of management, product and service management, quality management, inventory management, logistics and transportation management, facilities management, configuration…
Ebojo, M., March 2009, Skillful Communication, Supplement to Pharmaceutical Executive
Koch, C., 2009, Who's to Blame in the Relationship Between IT and Marketing? Better Management, http://www.bettermanagement.com/library/library.aspx?l=15013 last accessed on April 23, 2009
McNamara, C., 2009, Operations Management, Management Help, http://managementhelp.org/ops_mgnt/ops_mgnt.htm last accessed on April 23, 2009
Stylves, R., 2008, FEMA, Katrina and Operations Research: Better Operations Management Would Have Helped FEMA in Preparedness and Response Work before Hurricane Katrina -- and Still Could Now, The Public Manager, Vol. 37
Some of the problems that this type of approach offered were:
Reliability issues -- many of these marketing directors had their own host perspective (local responsiveness) and the headquarter perspective (global integration), but none of the overarching overview that someone coordinating all the activities in other countries might have.
7. Research findings, Analysis and Evaluation
The results of the primary research are fully supported by the findings of the secondary research and backed by the general theory in the area of global marketing strategy. The marketing directors of both companies in all different regions (Asia, Latin America, Europe) have admitted to adapting their marketing strategies as much as possible to local specificities, but also recognized the important role that the headquarters and central marketing department played in the way they made their decisions, especially since the central departments were also coordinating the marketing budgets and were working towards creating economies…
1. Aswathappa, A. 2006. International Business. Tata McGraw Hill.
2. Kotler, P. 2006. Marketing Management. Academic Internet Publishers Incorporated.
3. Wasilewski, Nikolai. 2001. Transnational Marketing Strategies: Performance and Limitations. Global Competitiveness
4. Egan, J. 2007. Marketing Communications. Cengage Learning Business Press
Technology in the Business Environment Exam
The central tenet of Carr's perspective is that contrary to popular belief, information technology is the latest in a series of broadly adopted technologies that have reshaped industry. Furthermore, though fast-adopting companies gained advantages initially, now IT is merely a commodity input as availability increases and cost plummets much like the use of the telephone and electric power. Carr advocates a defensive posture for IT management -- spend less and focus on vulnerabilities, not opportunities. Langer addresses the same issue, however he takes a more opportunistic and ambitious perspective on IT management advocating a philosophy of adaptive organization. He argues that much like IT is a dynamic field, its management must also be flexible and ready to change. To critique Carr's perspective that IT is a fixed commodity, IT is instead as per Langer a driving force in innovation which leads to…
Foreign business environment: Columbia
A. What events (political, economic, and technological) are the most important in recent years that might have impacted the business culture in Colombia?
Individuals who perceive Colombia as still being paralyzed by crime networks and drug cartels are skeptical and bewildered by the notion of a confederation of politicians, business leaders, and academicians visiting the nation. However, in reality, the situation in Colombia is far different from what it was a mere ten years ago.
Colombia’s infamous cruel and powerful drug cartels emerged during the latter part of the seventies era and developed in the subsequent two decades. Specifically, the Cali Cartel and Pablo Escobar’s Medellín Cartel were politically, socially and economically influential in the nation in this period. During the last two decades of the twentieth century, the world regarded the nation as being well on its way to becoming a failure as a state.…
Change Management Scenario
The contemporary business environment is rapidly evolving. Globalization has taken over the organization environment, and with this business is forced to undergo continuous and rapid change driven by increasing stakeholder expectations, new technological advances, and competition that is not only global, but viral (Bendell, 2005). This has resulted in a dramatically different business environment in which the modern business, in order to survive and prosper, is forced to evolve and regularly revise their internal and external business processes. Typically, aggressive and rapid change management systems germinate within the private sector -- only after trial and error, testing, and numerous permutations did they become standard within the public sector organization. This paradigm, however, changed in the late 1990s with a combination of rising client expectations to effectively address major socio-culture, economic, and demographic issues, and change in governmental oversight and minimal requirements pushed management in the public sector…
Home Depot, Inc. (September 29, 2012). The New York Times. Retrieved from:
Aluise, S. (January 19, 2012). Frank Blake Has Brought Home Depot Home. Investorplace.
Com. Retrieved from: http://investorplace.com/2012/01/frank-blake-has-brought-home-depot-home/
Ultimately, it was this ethical approach to business that protected the companies themselves and ensured their long-term viability.
Individual Influences on Ethical Behavior:
Usually, the attitude and business values of an individual are subcomponents of the individual's approach to ethical values in general (Halbert & Ingulli, 2008). In that regard, individuals for whom honesty, integrity, and ethical principles are important in general tend to approach professional relationships and business the same way. Conversely, many others adhere to much lower standards in both personal and professional matters. However, within organizations, individuals must ordinarily adapt to the prevailing corporate ethical culture, at least with respect to business concerns (Halbert & Ingulli, 2008).
Organizational Influences on Ethical Employee Behavior:
Corporate ethical culture has the potential to elevate or lower the ethical behavior of the individual (Wadhwa, 2009). More importantly, the prevailing organizational ethical climate is difficult for individual employees to overcome, largely because…
Halbert, T., and Ingulli, E. (2008). Law & Ethics in the Business Environment.
Cincinnati: West Legal Studies.
Wadhwa, V. "Why Be an Ethical Company? They're Stronger and Last Longer" Business
Week; August 17, 2009. Retrieved August 17, 2009 from the BusinessWeek.com website at:
In the contemporary business environment, business control chart is very critical to enhance continuous business process and business improvement. The use of statistical process control charts (SPC) is very critical to enhance improvement and quality of products and service. Process control chart is a statistical tool that allows business to record data regarding the performances of business process on a regular basis. The data may be recorded hourly, weekly or on daily basis. The major objective for using SPC is to compare the present product performances with the past product performances and allow a business to prevent defective materials. Thus, SPC is powerful tool to enhance continuous business improvement. (Harrington, 2009).
Objective of this paper is to use the control chart process to determine the weekly sales process of Ford Motor Company.
X Bar and . Process Control Charts for Weekly Sales of Ford Motor
The charts are…
Florida Department of Health (2011). Basic Tools for Process Improvement Module 10. Control Chart. Florida. USA.
Harrington, H, J. (1991). Business Improvement Process: The Breakthrough Strategy for Total Quality Productivity, and Competitiveness. McGraw-Hill Professional. UK.
The article also addresses some of the trends that are likely to influence e-banking services. These trends are addressed on global level, in comparison with the articles discussed above that addressed these trends in accordance with different regions. Therefore, it is important to analyze these trends on global level, but also on a smaller scale, in order to observe how they could influence the e-banking services market. It is also important to take into consideration the needs expressed by customers. This is because these trends are influenced by customers' needs and by technological developments. The trends affecting e-banking services are influenced by several factors that vary in accordance with each bank and its strategy.
1. Adapa, S. (2011). Global E-Banking Trends: Evolution, Challenges, and Opportunities. IGI Global. etrieved August 16, 2011.
2. Yang, J. et al. (2005). E-Banking in ural Area: ecent Trend and Development. Georgia College and…
1. Adapa, S. (2011). Global E-Banking Trends: Evolution, Challenges, and Opportunities. IGI Global. Retrieved August 16, 2011.
2. Yang, J. et al. (2005). E-Banking in Rural Area: Recent Trend and Development. Georgia College and State University. Retrieved August 16, 2011.
3. Vyver, H. (2011). Mobile and E-Banking, Managerial Trends. Retrieved August 16, 2011 from http://ebanking.homestead.com/introduction.html .
4. Pardesi, J. (2007). Emerging Trends in Information Technology. Retrieved August 16, 2011 from http://books.google.ro/books?id=RGOJihKKFRYC&pg=SA12-PA9&dq=ebanking+trends&hl=ro#v=onepage&q&f=false .
Social Media and the Modern Business Environment
The modern society has witnessed a phenomenon of ongoing and rapid growth in enhanced communication and interaction between people, especially through the Internet. Actually, the Internet has become the means for collaboration and resulted in the emergence of the social media concept and networking. The Internet has been characterized by the emergence of numerous social media networks that are increasingly used as the means of communication and collaboration between people in the modern society. As a result of the impact of social media in today's society, the new paradigm is influencing the modern business environment. Given its impact on modern communications, social media has largely businesses as companies are increasingly using social media accounts for business. However, these social media accounts have generated privacy and security concerns, which results in the need to secure them.
The Growth of Social Media
In today's society,…
Abuhashesh, M.Y. (2014, July). Integration of Social Media in Businesses. International Journal of Business and Social Science, 5(8), 202-209.
Delgado, R. (2014, November 10). The Biggest Security Concerns with Social Media You Need to Know About. Retrieved September 30, 2015, from http://tech.co/biggest-security-concerns-social-media-need-know-2014-11
Georgescu, M. & Popescul, D. (2015). Social Media -- The New Paradigm of Collaboration and Communication for Business Environment. Procedia Economics and Finance, 20, 277-282.
McIntyre, K. (2014). The Evolution of Social Media from 1969 to 2013: A Change in Competition and a Trend Toward Complementary, Niche Sites. The Journal of Social Media in Society, 3(2), 5-25.
As the global business environment continues to grow and flourish, the field of international human resources management is emerging as a vitally important area of study and competency. Managing the resources -- and hiring the best people -- that are available has become pivotal to success in the highly competitive world. Understanding the critical role that international human resource management (IHRM) dynamics can bring to an organization is the first step, and implementing that knowledge base is the second step. This paper reviews and critiques the literature on IHRM and presents the needs for changes in the field of IHRM.
IHRM -- Challenging Organizations to Grow in Global Sophistication
hat is the key to understanding the challenges that IHRM presents to organizations when they prepare to go international? In approaching this question, some of the terms and jargon need flushing out. "Expatriate" is a person that is working…
Agarwal, Ajay. (1993). Learning Organization. Retrieved May 26, 2011, from http://www.hrfolks.com .
Lavigna, Robert J. (2004). Recruitment and Selection of Public Workers: An International
Compendium of Modern Trends and Practices. Public Personnel Management.
The Multinational Context. Chapter 1.
How forces in and outside of business firms are changing the management task, altering business operations, and modifying stakeholder expectations?
Business, particularly those heavily emphasizing technology, are constantly changing. In many instances these changes are occurring due to a combination of internal and external factors. These factors often modify stakeholder expectation because the fundamental business itself has shifted. A very dynamic force that is changing the management task is that of globalization. Globalization is particularly contentious because it has no geographic limits. Competition can now come from anywhere at anytime. As such, management must be cognizant of the changing dynamics prevailing in their respective industries. The auto industry, for example, has directly felt the impact on globalization and stakeholder expectations. The auto industry prior to foreign competition was characterized by large fixed asset costs, hefty legacy and pension obligations, and slow innovation. However, through globalization the Japanese's were able…
Business report compares the two Australian service providers where by various aspects are critically looked at in respect to the design elements of a retail store environment. The elements are categorized into exterior facilities, general interior, store layout, interior displays and the social dimensions. Each of these design elements are categorically looked into differently taking into account the services being offered by the two chosen service providers namely Fadez Barbershop and Gloria Jean's Coffees.
The two chosen service providers are unique in their own way having been selected from different industries. Various design elements in comparison with the ussell's Model of affect are discussed and how they relate in different ways. ussell's model of affect talks about the various arousal levels that the consumers achieve when in contact with the mentioned design elements of a retail store environment, the interpretations and the impact they have that affects the buying decisions…
Adam W. (2011). Fadez Barber Shop. Retrieved September 16, 2012 from http://www.yelp.com/biz/fadez-barber-shop-newtown
Anna stahl, Kristina Hook & Petra Fagerberg, (n.d). Designing gestures for Affective input: An analysis of shape, Effort and valence. Retrieved September 16, 2012 from http://eprints.sics.se/145/1/PaperA.pdf
Authorstream, (2012). Crafting the Service Environment. Retrieved September 16, 2012 from http://www.authorstream.com/Presentation/aSGuest80925-757045-personal-environment/
Christopher Lovelock and Jochen Wirtz, (2004). Planning the Service Environment. Retrieved September 16, 2012 from http://tulip.bu.ac.th/~nisit.m/lovelock10.ppt
Business and Human esources
Apple Company Inc.
Apple was founded by Steve Wozniak, Steve Jobs and onald Wayne in 1976; however it was integrated in 1977. It is an American company which not only produces computer electronics, personal computers, portable devices and software but also sells them. Apple has been in this business since 30 years and in this time span, it has faced highs and lows in its economic activity. It is not only listed on the NASDAQ with the ticker of AAPL but it has a share in NASDAQ-100 and S&P 500 as well. In 2007, Apple gained extensive fame after the struggle of many years when it introduced the iPhone, iPad and iPod touch in the market (Flippone et al., 2012).
The Organization Today
Flippone et al. (2012) mentioned that Apple has 393 retail stores located in 14 countries since August, 2012. Apple is recognized as the…
DataMonitor. (2011). Apple, Inc. Company Profile. Data Monitor, annual Report, Company Overview.
Economist Intelligence Unit: Fertile Ground: Cultivating a talent for innovation. February 2009
Flippone, T., Youden, D., Pennington, K. And Fersht, P. (2012). Human Resources Transformation: Is It Driving Business Performance? HfS Research, Ltd.
The Global Innovation 1000: How the top innovators keep winning. Booz & company, 2010
This means that you must continually monitor and communicate about possible changes, pertaining to the overall scope of the threat. Once this occurs, is when an entity will have an effective security procedure that will adapt to the various changes that are taking place.
This is significant, because this information can be used to corroborate the overall nature of security threats that could be faced by the SME. Where, this information is useful in helping to identify and address possible operational considerations that must be taken into account. As a result, this will help to provide not only a glimpse of possible security challenges that will be faced, but it will also help to establish an effective IT security protocol.
When you compare this with the previous source, this information can be used to highlight specific security threats that the company we are examining could face. Where, it discusses the…
E Commerce Growth. (2010). Strategic E-Commerce Solutions. Retrieved from: http://www.sescommerce.com/ecommerce-growth.asp
Internet Usage Statistics. (2010). Internet World Stats. Retrieved from: http://www.internetworldstats.com/stats.htm
PEW Wireless Internet Usage Rising. (2010). Wireless Week. Retrieved from: http://www.wirelessweek.com/News/2010/07/PEW-Wireless-Internet-Use-Rising-Mobile-Content/
Reflective Writing. (2010). UNSW. Retrieved from http://www.lc.unsw.edu.au/onlib/pdf/reflective.pdf
Once the customer has purchased a piece of information, has paid for it, has received it, and obviously viewed it, he cannot claim a refund, in case the information provided by the site did not satisfy the customer in any way. If the site cannot provide certain information due to certain facts that was required by the customer, the site will notify the customer that his request cannot be fulfilled and therefore, there will be no payment.
This issue is related to another, dissatisfaction regarded the provided services. As mentioned above, there may be situation when DontDateCreeps.com will not be able to fulfill certain requests. This could only happen because of the lack of information in the respective case. Therefore, it is only fair that the customer has to be informed that the requested information is not available. If the site cannot offer complete information requested by the customer, the…
1. Bowman, Robert (2000). B2B Commerce Flocks to Electronic Trading Exchanges. Supply Chain Brain Magazine online. Global Logistics & Supply Chain Strategies. Retrieved July 26, 2008 at http://www.supplychainbrain.com/archives/3.00.trading.htm?adcode=10 .
2. How Internet Marketing Affects Dating Sites (2008). Webmaster Journal. Retrieved July 26, 2007 at http://www.webmasterjournal.com/2008/02/03/how-internet-marketing-affects-dating-sites/.
3. Walters, Lawrence (2004). Legal Checklist for Operating an Online Dating Site. Lawrence G. Walters. Retrieved July 26, 2008 at http://www.onlinedatinglaw.com/checklist.htm .
In addition, we might ask ourselves if the richer nations have or not a greater responsibility as far as the research and development in the area of sustainable energy are concerned. (Reid, environmentalleader.com)
elieving that there are such energy sources or consumption policies which would allow the planet's resources to be maintained for a longer period, while making sure that all the nations are provided with a comfortable living is rather naive. Under these circumstances, it has been argued that doing the moral thing means choosing the least terrible solution. The problem is that this implies a relativistic evaluation of the matter which impacts the manner in which the moral principles are conceived.
efore stepping into a debate regarding the character of the moral principles, we may state that we agree with the opinions which state that there is no such thing as objective moral principles."Ethics can be seen as…
Aristotle, Nicomachean Ethics (Ross, W.D. Translator). Retrieved fromhttp://socserv.mcmaster.ca/econ/ugcm/3ll3/aristotle/Ethics.pdf September 30, 2010
Hartman Laura P. & Joe DesJardins. Business Ethics Decision Making for Personal integrity & Social Responsibility, Second Edition
This allows for greater levels of planning and cooperation, and fills in the information gap that currently exists between the factory floor and the rest of the supply chain.
Lexmark provides an example of waste. Recently, the company found itself with more than $1 million in scrap from one lot. Engineers had insufficient information to isolate and fix the problem, so were instead relegated to crisis control. With more accurate data from each step of the operation, the engineers could have been more involved in the process and made improvements along the way before it became a large-scale crisis.
Through web-based business applications, engineers can now examine a defective printer cartridge and then use a thin client to put a hold on the entire batch if necessary, regardless of its physical location (anywhere in the world)
In conclusion, it is apparent that e-business is making its mark on the business…
Alexander, Michael. (2001). Factory Floors Go Online -- Pioneering manufacturers close the final gap in their supply chains. InternetWeek; Manhasset; Mar 12, 2001.
2002) Automotive Design & Production. Cincinnati, 114(8), 70-72.
Steele, a.L. (2001). Cost drivers and other management issues in the JIT supply chain environment. Production and Inventory Management Journal. Alexandria, 42(2), 61-68
Drickhammer, D. (2001, May 21). Peak performance. Industry Week. Cleveland, 250(8) 36-40.
For instance, if a business is keenly aware of the manner in which different conditions are effecting business relationships, that businesses to work to make the appropriate changes.
Stages of Development
All relationships are governed by stages. Business relationships are no exception to this rule. There are various characteristics that businesses must be aware of as it pertains to each stage.
According to Brooks (2008) that are four primary stages of business relationship development. These four stages of development are as follows:
Emerging - getting familiar with one another with test transactions. These test transactions are both financial and non-financial (Brooks, 2008). During this stage first impressions are made and businesses can determine the reliability, quality of products/services and whether or not the cost of the product/service is equivalent to the cost of the product. This stage is critical because it establishes the type of relationship that the businesses will…
Barry, J.M., Dion P., Johnson W. (2008) A cross-cultural examination of relationship strength in B2B services. Journal of Services Marketing. 22/2 114 -- 135
Brooks, N. (2008, December 3). Building Strong Relationships - Four Stages of Development, Four Phases of Connection. Retrieved June 12, 2009, from http://ezinearticles.com/?Building-Strong-Relationships-Four-Stages-of-Development,-Four-Phases-of-Connection&id=1694468
Hakansson, H. And Snehota, I. (2006) No business is an island: The network concept of business strategy. Scandinavian Journal of Management
Volume 22, Issue 3, September 2006, Pages 256-270
An ethical issue refers to a situation whereby an organization is required to choose amongst alternatives that must be evaluated as either wrong or right. For example, an ethical issue arises when a business company opts to make as much profit while pollution the environment, the dilemma here being the regulation and social consequences. The company management may opt to bribing the regulation implementing organization as long as they continue making short-term profits before the law catches up with them, by then they may be forced to attire with the rule or shut down but they will have made as much finances than when they may have started and the consequences on the social life will have reached the stage where it affects their health and made the environment unbearable. The principle of autonomy; which requires individuals to be left on their own independence to conduct their activities,…
Andrew, J. (2008). Utilitarianism and deontology theories. New York: John and sons ltd.
Ferrell, O.C., & Fraedrich, J. (2012). Business Ethics: Ethical Decision Making & Cases. Salt Lake: Cengage Learning.
Joanne, B. (2010). Ethics and Business success. Mexico: Greenwood press.
John, K., & Berlyn, M. (2009). Assessing the effectiveness of decision making models. Normative and rationale models, 15 (14), 319-325.
In the modern business environment, communications policies also pertains to electronic transfer and storage of business information and correspondence. Likewise, communication policies dictate the rules differentiating permissible and impermissible uses of communications equipment for personal use as well as the privacy rights (if any) permitted employees on company time and equipment. Finally, communications policies also outline the expected protocols for business communications between co-workers, particularly with respect to the expected supervisory functions (ussell-Whalling 2008).
In my current company, the organizational culture permits "reasonable" personal use of company equipment and time, provided it does not amount to more than a nominal expense or compromise any aspect of efficient business operations. The privacy rights of employees to personal information disclosed or stored on company equipment is nonexistent and explicit acceptance of that policy is ensured through the computer log-in system that requires daily confirmation in the log-on process.
Business ethics reflects a…
Daft, R. (2005) Management 7th Edition. Mason: Thomson South Western.
Russell-Whalling, E. (2008) 50 Management Ideas You Really Need to Know. London: Quercus
Thus, the authors do not advocate an ethical free for all, for they acknowledge certain ethical broaches can result in corporate legal costs, thus resulting in executives violating the ethics of their profession -- but this is a more important ethical standard than either laws or social responsibility, stress the authors.
The authors also acknowledge that in the current environment, government regulations must be obeyed by businesses, else they face the costs of litigation. But Macham and Chester also question whether this is a good, namely if too many regulations exist and ultimately hamper corporate profits. In fact, they believe that in the ideal business environment, other than protecting property, the government should not regulate business at all, and rather internal ethical systems should govern the organization, ideally in a Friedman-like utilitarian fashion, taking into consideration the fate of stakeholders only so much as need be, for the organization to…
Boaz, David Editor. Libertarianism: A Primer. New York: Free Press, 1997.
Friedman, Milton. "The Social Responsibility of Business Is to Increase Its Profits." New York Times Magazine. 1 September 1970. Reprinted in Ethical Theory and Business, edited by Tom L. Beauchamp and Norman E. Bowie. Englewood Cliffs, N.J.: Prentice-Hall, 1993.
Macham, Tibor and James E. Chesher. A Primer on Business Ethics. Rowman & Littlefield: 2003.