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Running head: Tata Group and the External Business Environment Tata Group and the external business environment 4Tata Group and the External Business EnvironmentAfter China and Brazil, India is the world's third-largest developing market. Investment in India has increased due to the liberalization of the policy regime and greater access to the financial markets. Tata is India's biggest corporation, with operations in seven industrial sectors vehicles, chemicals, information technology, consumer items, manufacturing, and consultancy. There are now more than 90 companies in the sector. Ratan Tata is the organization's director; he is a popular and respected corporate titan. Different factors affect the competitiveness of the industry either directly and indirectly. As the business environment changes, the Tata group has to reconfigure its activities to exploit global opportunities.The significance of Environmental resources possibilities and StabilityNatural resources account for a large portion of many countries' income, even more so than assets expressed in…
Camilleri, M. A. (2018). The marketing environment. In Travel marketing, tourism economics and the airline product (pp. 51-68). Springer, Cham.
Heshmati, N., & Lovic, S. (2012). Opportunities and Challenges in Emerging markets: A case study of two multinational companies in India.
López Salazar, A., Contreras Soto, R., & Espinosa Mosqueda, R. (2012). The impact of financial decisions and strategy on small business competitiveness. Global Journal of business research, 6(2), 93-103.
Tayauova, G. (2012). Advantages and disadvantages of outsourcing: analysis of outsourcing practices of Kazakhstan banks. Procedia-Social and Behavioral Sciences, 41, 188-195.
Harley Davidson External Business Environment
Strategic Business Plan Outline
The Analysis of H-D's External Environment
The industry external environment compounds an array of comprehensive forces that relate to the organization. External environment analysis of an industry facilitates an understanding of an organization position comparative to other organizations in the same industry (Worthington & Britton, 2006). An awareness of the external forces working across the industry players plays a handy role in organizations strategic planning. It also facilitates an organization's awareness on their relative opportunities and threats allowing them to plan considering their capabilities focusing on the available resources (Worthington & Britton, 2006).
The understanding of the external environment works to improve an organization's competitive advantage and potential sustainable growth with the industry dynamics at play (Peng, Wang, & Jiang, 2008). The external environmental forces can influence management decisions in running an organization. The results of such influence produce ripple effects…
Michael E. Porter. (2008). The Five Competitive Forces that Shape Strategy. Harvard Business Review, 86-104.
Peng, M.W., Wang, D.Y.L., & Jiang, Y. (2008). An institution-based view of international business strategy: A focus on emerging economies. Journal of International Business Studies, 39(5), 920-936.
Worthington, I., & Britton, C. (2006). This Business Environment. Australia: Pearson Education.
Environmental Scan of the Restaurant Industry
PEST analysis remains a critical business tool essential in aiding the identification of macroeconomic factors that could affect the business. Specific measures encompassed in this tool are political, economic, social, and technological. Restaurants can improve their decision making processes and timing. PEST analysis is essential in tackling future challenges and highlight opportunities (Ho, 2014). Engaging this tool in analyzing the industry helps dissect the macroeconomic factors that determine the future of 3 Squares Restaurant with the United States and specifically Minnesota where it is headquartered.
Squares Restaurant is affected by factors emerging from the political industry in the restaurant industry. Political factors segment discusses the effects of government intervention on the micro and macroeconomic environments. Significant political factors affecting include:
Public health policies are evolving especially in need to increase awareness towards discouraging the consumption of fast foods. Increased concerns about the…
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.
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.
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.
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
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]
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.
Internal company and the External Environment
Based on your research, what are the key drivers for success in the large office supply store industry? This section should be at least 2 pages in length.
There are key success factors for the large office supply store industry. One of the key success factors is location and significance. It is imperative to note that one of the most pivotal success factors for any business is its location. This is the same case for large office supply stores. It is imperative for such corporations to locate their retail stores in a high-traffic area, for instance a mall or a highly frequented intersection. Furthermore, it is essential to make certain that the business is situated near consumers that the corporation seeks to target. The utmost potential customers for office stationeries comprises of the corporate or business consumers, therefore positioning a store in the area…
.. Of key people, but this material is rarely organized in a fashion that allows for its transmission to other. Employee turnover can negatively affect firm performance through loss of social capital. We expand this by taking into account the tacit knowledge that firms lose when employees leave" (p. 50). Although it is difficult to quantify the value of the tacit knowledge lost when downsizing takes place, it is reasonable to conclude that a company may be shooting itself in the foot by intentionally terminating qualified and knowledgeable employees who represent a potential asset rather than the liability reflected in the downsizing approach.
The research showed that the term "downsizing" as well as the more palatable term, "rightsizing," refers to the practice of companies terminating employees in an effort to become more streamlined and profitable. These terms can also refer to the elimination of redundant positions, temporary layoffs, allowing…
Bogle, J.C. (2007). Democracy in corporate America. Daedalus, 136(3), 24-25.
Borman, W.C., Hanson, M.A. & Hedge, J.W. (1997). Personnel selection. Annual Review of Psychology, 48, 299.
Capozzoli, T.K. (2003). The organizational model for workplace security. Vanderbilt Journal of Transnational Law, 36(2), 781-782.
Custard, B. (2007). Do you have career insurance? Journal of Environmental Health, 69(9), 4-5.
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.
2) HLC, "Great Leadership Quotes," retrieved Dec 4th 2010, from, http://leadership.uoregon.edu/resources/quotes
3) Tom Burns & Sandra Sinfield, (2004), "Teaching Learning and Study Skills A guide for Teachers: How to Promote Student Self-Confidence" Sage Publications, retrieved Dec 5th 2010, from, http://www.sagepub.com/upm-data/9781_036609CHAP6.pdf
4) Q-BPM, 'PDCA cycle', retrieved Dec 4th 2010, from, http://en.q-bpm.org/mediawiki/index.php/PDCA_Cycle
"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
Geddes, P., 2004, the Benefits of Globalization, Foundation for Research on Economics and the Environment, http://www.free-eco.org/articleDisplay.php?id=378last accessed on January 19, 2009
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
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
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…
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…
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 sustainable, profitability will become more important.
Increase customer value by discovering what a customer's needs and value expectations are and then meeting or exceeding these expectations. Some examples of things that customers value include a broad selection of products, quality, service, performance, and low price.
Achieve operational excellence through the internal productivity that optimizes those business processes that will best satisfy customers. Productivity is more than efficiency; it depends on the value of the products and services (utility,…
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
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
External Analysis Southwest Airlines
One of United States' most successful airlines in the business is Southwest airlines. The company has been one of the most successful businesses in the economy with no case of worker layoff or strike being recorded in the organization. The company has dedicated its commitment to ensuring it provides a favorable environment for its workers. The company's corporate culture has played a significant role in the success of the company as it recognizes the workers emotions. Positive attitude is influential in the workplace as the workers become more productive. The air transport business is in an industry where profit maximization is a challenge to many players. The struggling economy and the increased number of players in the company make the industry unfavorable for business. The industry is also affected by the increased price of fuel which increases the cost of transportation. The paper conducts environmental analysis…
PEST analysis.(2009). Retrieved on August 15, 2011 from: http://www.valuebasedmanagement.net/methods_PEST_analysis.html
Porter's Five Forces: A model for industry analysis. (2007). Retrieved on August 15, 2011 from: http://www.quickmba.com/strategy/porter.shtml
SWOT analysis: Lesson. (2009). Retrieved on August 15, 2011 from: http://marketingteacher.com/lesson-store/lesson-SWOT.html
Zahorsky, D. (2009). A business owner's secret weapon: SWOT analysis. Retrieved on August 15, 2011 from: http://sbinformation.about.com/cs/bestpractices/a/SWOT.htm
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.
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
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
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.
This same thing would apply to the business purchase as well, as this is the stage when he sits back and goes over his decision, and if he has a doubt about the product at this stage, he would probably never repeat purchase at this company again.
Chapter 6, class notes," n. d.) customer is influenced by many factors when he is making a decision to buy a product or a service. His basic upbringing, his culture, the media, the important role that a role model may play in his life, and the influences that he may have from certain groups of persons may all play equally important roles, and in addition, marketers and advertisers too may obviously influence the consumer in attempting to influence or persuade them into making the all important purchase of a particular product or service. ("Consumer buying behavior," n. d) Although there are certain dissimilarities…
Kurtz, David L; Boone, Louis E. (2005) "Contemporary Marketing" Thomson South-
N.A. (n. d.) "Chapter 6, class notes" Retrieved 4 December, 2007 at http://www.udel.edu/alex/chapt6.html
N.A. (n. d.) "Consumer buying behavior" Retrieved 4 December, 2007 at http://www.learnmarketing.net/consumer.htm
The Inclusive orkplace
In the modern business world employees expect more and have more rights than ever. To accompany this, employees are seen as core contributors to an organization. The workplace has changed from one where employees blindly follow the guidelines of the company to complete tasks, to one where employees are central to the organization. Employees are also more educated than ever before.
In recent decades, issues like employee empowerment, collaboration, teamwork, self-managed teams and cooperation have all become important. Each of these issues have the idea of giving more and getting more at their basis. In Ideas that will shape the future of management practice (Bohl 1996, 8), human resources is described as being the way of the future, "e will see a more mature articulation of the importance of people as a firm's only sustainable competitive advantage." The change is described as giving high reward for…
Berlin, R. (2002). Sexual harassment in the workplace defined. AllLaw. Retrieved October 24, 2002. URL: http://www.alllaw.com/articles/employment/article37.asp
Billsberry, J. (2000). The Effective Manager: Perspectives and Illustrations. London: Sage Publications.
Bohl, D.L., Luthans, F., Hodgetts, R.M., & Slouch, J.W. (1996). Ideas that will shape the future of management practice. Organizational Dynamics, Summer, 7-13.
Cherkasky, S.M. (1992). Total quality for a sustainable competitive advantage. Quality, August, 22-28.
In order to achieve this target, the personnel operating in a foreign subsidiary should take part in trainings regarding the locals' customs, traditions, way of thinking, language etc. Additionally, studies should be carried out for concluding if the company's products or services are adequate to a certain foreign market. For instance, a company wishing to sell beef on the Indian market where the cow is considered to be a sacred animal or an organization which designs white packages for its products sold in Japan where this color represents mourning will surely lead to collapse. Let's take, for example, the McDonald's case which has developed a successful transnational strategy. The king of fast-food chains has tailored its menus according to the gastronomic habits of the foreign markets it has entered. Just imagine the disastrous outcome of a hamburger with pork sold in an Arab country. In conclusion, molding over the foreign…
Chella, G. (2006). Differentiation - the only path to managing expectations. On the Internet at: www.blonnet.com/2006/09/25/stories/2006092500290900.htm. Retrieved March 3.
Crow, K. (2000). Achieving Target Cost / Design-to-Cost Objectives. On the Internet at: www.npd-solutions.com/dtc.html. Retrieved March 3.
Johanssen, M. (2007). Five Phases of the Organizational Life Cycle. On the Internet at http://business.enotes.com/small-business-encyclopedia/organizational-life-cycle.Retrieved March 3, 2007.
Peterson, W., Gallen, V., Eponou, T., Wuyts-Fivawo, a., Wilks, M.(2002). Methods for Planning Effective Linkages. On the Internet at: www.isnar.cgiar.org/publications/briefing/Bp45.htm. Retrieved March 3.
Hometown Deli -- Environmental Analysis
The Hometown Deli was established by grandfather in 1952 in our hometown. The Deli has a product mix that consists of many different kinds of specialized coffees, teas, a full service bakery, homemade soups, sandwiches, and salads. The Deli has been a local hotspot for many years and has served as a community gathering place. Unfortunately, business has been steadily declining over the last five years and there has been rumors emerge that another Deli, Wall Street Deli, might enter the market as a local competitor. Although grandfather was an expert at running the deli, it lacks any modernization and many of the orders were previously taken with pen & paper or even just memory; the Deli essentially still operates the same as it did in 1952. This analysis will be comprised of a Porter's Five Forces analysis that will help the Deli kwon more…
On the other hand, applicable laws do have authority and under the concept of moral relativism, it may be justified that any duly passed law be complied with (Svensson & Wood, 2008).
One lesson from this case might be that laws between entities in different sovereign nations can be much harder to enforce than laws between entities within the same nation. In the future, Pakistan and other nations might want to make sure that their contractual agreements contain mechanisms that make them enforceable across international borders. On a broader level, another lesson might be that ill-gotten gains should not be promoted by governments in the first place. Those who believe in the supremacy of divine law might consider the position in which Pakistan found herself to be an example of God's reminding us of the obligation to conduct ourselves ethically toward our fellow man.
Creffield, Lisa. "Why you can't…
Creffield, Lisa. "Why you can't block Skype." (August 14 -- 2006).
Halbert, Terry and Ingulli, Elaine. (2009). Law & Ethics in the Business Environment.
Cincinnati: West Legal Studies.
Business - Management
External Environment Analysis
Southwest Airlines is the nation's low fair, high customer satisfaction airline. It mainly serves short haul cities, offering single class air transportation, which aims for the business commuter as well as leisure travelers. The North American Industry Classification System (NAICS) classifies Southwest Airlines as Scheduled Passenger Air Transportation - 481111 (North American Industry Classification System, 2011).
When conducting an external analysis it is important to look at Porter's five forces to determine the competitive strength and therefore magnetism of a market. Porter's five forces comprise five forces from horizontal competition and vertical competition. These forces are: threat of substitute products, the threat of established rivals, and the threat of new entrants, the bargaining power of suppliers and the bargaining power of customers (Porter's Five Forces a Model for Industry Analysis, 2010).
The first threat is that of the threat of new entrants into the…
Del Vecchio, John. (2000). Analyzing Industries. Retrieved from http://www.fool.com/research/2000/features000309.htm
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North American Industry Classification System. (2011). Retreived from
It in this manner, therefore, that mediation is preferable.
OLE of MEDIATO in the INDUSTY
Acting as a bridge between the parties, the mediator, arbitrarily, assumes either a purely facilitative role in which he restrains himself from interfering, or serves as an evaluator where he evaluates the nuances of the case and recommends a basis for settlement. However -- and this is where mediation differs from arbitration -- the mediator is limited from mandating a particular outcome which causes the mediation process to manifest itself as inherently non-binding 14.
A creative mediator practices extremely acute listening skills in order to tease out the interests that are most important to each party. To that end, he or she will identify different preferences amongst the parties and design a package where each party receives what it values most and concedes what it values less than the other party.
Focus will be…
1. SECONDARY SOURCES
Barclay, T. New Methods of Adjusting International Disputes and the Future London, Constable, 2008.
Boulle, L. Mediation -- Principles, Process, Practice, Chatswood, LexisNexis Butterworths, 2005
ASDA Stores is a large scale retailer in the United Kingdom. It has grown over the decades by regularly expanding its business operations all over the country. Currently, ASDA Stores is present in more than 564 locations and offers a wide array of grocery items, general merchandise, and financial services. The business operations of ASDA Stores are affected by a large number of environmental factors. These factors fall under political and governmental forces, economic forces, social, cultural, and demographical forces, technological forces, legal forces, and environmental forces. All these forces have a direct impact on the company's sales, operations, and financial performance. In order to encounter the environmental challenges and operate in the most competitive and profitable fashion, ASDA Stores has to carefully analyze these forces and design its strategic directions in the best interest of its business affairs.
The resource management practices of…
Armstrong, M. 2007, A Handbook of Human Resource Management Practice, (10th ed.). London: Kogan Page
Armstrong, M. 2000, A Handbook of Management Techniques, (3rd ed.). London: Kogan Page
ASDA, 2013, About ASDA. Available from
[Accessed January 31st, 2013]
Corporate-level strategy centers its focus on determining a company's core business amid the existence of other businesses. This core business ultimately determines the company's corporate image, influencing its marketing and advertising plans and programs. An example of a company that adopts the corporate-level strategy is PepsiCo, which is primarily known as a beverage business company for its product Pepsi Cola, its core business despite the existence of its other businesses in the food and beverage industry, known also to manufacture products from brands such as Frito-Lay, Gatorade, Tropicana, and Quaker Foods.
Steven Reinemund, CEO of PepsiCo, Nobuyuki Idei, CEO of Sony Corporation, and Leonard Riggio, Chairman of the Board and CEO of Barnes & Noble, Inc. are three business leaders who are able to maintain their firm/company's leadership in the beverage, electronics, and trade books business, respectively. Their ability to identify the needs of their customers and determining their target…
international business expansion process.
International recruitment and selection brings a number of challenges for business organizations. They not only face difficulties in hiring the desired skillful staff from the host country, but may also have to deal with severe financial and cultural diversity issues. Through this research study, an effort has been made to highlight the major challenges and issues which make the international recruitment and selection process more complex and challenging for multinational organization.
The research report starts with an ample introduction to the esearch question and proceeds by highlighting the core objectives of the research study. The research question clearly states the major objective of this research study in a quite precise and succinct manner. The most important section of the research report is Literature review which has been written after a comprehensive research from a number of academic and industry journal articles and books; most of which…
Ashamalla, M.H. 1998, International Human Resource Management Practices: the Challenge of Expatriation. CR, 8 (2): 54-63.
Andeason, A.W. 2003, Expatriate Adjustment to Foreign Assignments. The International 6 tyJournal of Commerce and Management, 13 (1): 42-60.
Andersen, T.M., & Svarer, M. 2006, Flexicurity -- the Danish Labor Market Model. Available from [Accessed July 26th, 2012]
Baudler, C.R. 2011, Employee Engagement: Through Effective Performance Management by Edward M. Mone and Manuel London, Personnel Psychology, 64 (3): 813 -- 816.
Coca-Cola leads the world's beverage industry with as many as 400 products and has its presence globally in more than 200 countries. In addition to this, Coca-Cola collaborates with some 320 licenses to produce more than 10000 products in 57 countries. Products range from fashion apparel to holiday decorations and even a Coca-Cola Picnic arbie doll. Every year, licensees sell 50 million licensed Coca-Cola products.
Internal usiness Environment
For over 100 years, Coca Cola still remains the world's largest producer of carbonated soft drinks. The company sells the very famous Coke® with the punch line "Always Coca-Cola" that is still the common man's term for any aerated soft drink.
The company's signature Coke® brand is well recognized by literally billions of consumers, and Coke is sold in almost every country in the world - more than 200 countries worldwide.
The Coca-Cola Company is the world's largest…
"Coke looks for a comeback." (2005)Available at: CNN Money website:
"Coca-Cola presents 2004-2005 Past American Idol Finalists at Simon Malls."(2005). Available at: http://biz.yahoo.com/prnews/050321/dem002_3.html
Coca-Cola "2004 Annual Report."Available at
Coca-Cola official website: Available at www.coca-cola.com
The differences in culture with the American culture will meant the American staff that may go to help open the branches in China will have to take quite some time to learn the culture and the ways of the people there.
The other difficulty will be the language barrier that may exists between the Americans and the Chinese. It may even call for a translator in the initial days as transactions between the American sales people and the Chinese customers, or interaction between the staff themselves may be a big challenge.
On the technical side, the Wal-Mart may have it hard when it comes to acquainting themselves with the market trends and the competition from the older players who are already in operation in China. It will take a lot of research work to be able to know the finer details of the market trends and the ways through which…
Abacus CPA, (2007). Register a company in Hong Kong / Hong Kong Company Formation.
Retrieved June 24, 2011 from http://www.abacushkcpa.com/english/english_Company_Formation_Hong_Kong_Limited_Company_55.htm#55
Center for Creative Leadership, (2009). Developing a Leadership Strategy: A Critical Ingredient
for Organizational Success. Retrieved June 24, 2011 from http://www.ccl.org/leadership/pdf/research/LeadershipStrategy.pdf
Uses of visualization in business analytics include market segmentation analysis and factor analysis to define new audience segments based on psychographics. Visualization is often also used for pricing analysis to determine how elasticity can vary by product and area being sold into.
6. What are the steps involved in effective decision making and how can business intelligence assist in helping executive and managers make better strategic and operational decisions?
Effective decision making inherently must take into account many factors that range from the highly quantifiable to the qualitative if risk is to be minimized and the best possible alternative chosen. BI-based applications, tools and technologies have been designed specifically with these needs in mind of business decision makers. The steps involved in effective decision making include problem rationalization or the defining of the problem parameters, the definition of boundary conditions of the decision, selection of the alternative, execution of the…
Baker, R. (2009). Pricing on Purpose: How to Implement Value Pricing in Your Firm. Journal of Accountancy, 207(6), 62-67,12
Jordan, J., & Ellen, C. (2009). Business need, data and business intelligence. Journal of Digital Asset Management, 5(1), 10-20.
Liker, J (2003). The Toyota Way. New York, NY: McGraw-Hill .
Soumendra Mohanty. (2008). Measuring the Value of Intelligence in Business Intelligence. DM Review, 18(12), 20.
Coca Cola -- External Analysis
An external analysis of Coca-Cola (NAICS # 312111 -- Soft Drink Manufacturing) requires scrutiny of the specific industry environment with Porter's 5-Forces model and examination of the larger business environment through a PEST analysis. In his interview on YouTube, Porter speaks of the five factors of Competitive Rivalry, Threat of New Entrants, Threat of Substitute Products, Bargaining Power of Suppliers, and Bargaining Power of Buyers. He also discusses the underlying forces for each factor, examining the Airline Industry, in which all five factors are strong, and the Soft Drink Manufacturing Industry, in which all five factors are "benign," essentially making the Soft Drink Industry "a license to print money" (Harvard Business Publishing, 2008). Porter stresses the importance and flexibility of his five forces, which keeps an organization focused on "underlying fundamentals" so the organization's leadership is not tricked or trapped by the latest trend or…
Chapter 21. (2011, August 25). Retrieved February 4, 2012 from Scribd.com Web site: www.scribd.com/doc/63145097/Chapter-21
American Bar Association. (2012). ABA Journal - Law news now. Retrieved February 4, 2012 from ABAjournal.com Web site: http://www.abajournal.com/
American Demographics. (2012). American demographics - News - Advertising age. Retrieved February 4, 2012 from Adage.com Web site: http://adage.com/section/american-demographics/195
Bhasin, H. (2011, February 21). Positioning by product characteristics. Retrieved February 4, 2012 from Marketing91.com Web site: http://www.marketing91.com/positioning-product-characteristics/
The market analysis is provided in Table 2.
Table 2: Market Analysis
The company will also use different market strategy to achieve its business goals. Ivy Discover will run a very attractive advertising banner on different websites, which are constantly being visited by target customers, and the business will use several different form of promotion to attract potential customers. The promotion strategy will include discounted package deal. The sale process will include several criteria such as product presentation, relationship building, customer requirements, or needs. The company will build technical products that…
Chaffey, D. (2002) E-business and e-commerce management. Financial Times/Prentice Hall. Harlow, UK.
Cote, L. Vezina, M.and Sabourin, V.(2005). The Strategic Management Process in E-Business. Ivey Business Journal.
Kooten, M. (2009).Software Industry Defies Economic Crisis. Top 100 Research Foundation.
Chantrill, C. (2012). U.S. Real GDP Chart. Government Spending.USA.
Thee is an advantage in this stategic view to become the biggest and best, and to do it quickly in ode to secue one's position in the maket place.
The geatest stength of the competitive positioning stategy is the ability to descibe maket conditions in a pefect maket. Howeve, its eliance of a single facto fo its analysis, the size of the company in compaison to othe companies in the maket is a key weakness. The following will summaize the compaison and contasts between the esouce-based view and the competitive positioning view of stategic planning.
Similaities of the Two Views
The esouce-based view and the competitive positions view have seveal similaities. Many of these similaities stem fom the fact that they both depend on factos that ae extenal to the company. Fo instance, the activities of consumes and oveall conditions in the economy can affect thei maket position. A majo…
references and further reading you must purchase this article.
Das, T., Teng, Bing-Sheng. 2000. A Resource-Based Theory of Strategic Alliances. Journal of Management. January 1, 2000. Available at: http://www.accessmylibrary.com/coms2/summary_0286-27577718_ITM [Accessed June 12, 2009].
Fahy, J. And Smithee, A. 1999. Strategic Marketing and the Resource-Based View of the Firm. Academy of Marketing Science Review. 1999 (10). Available at: http://www.amsreview.org/articles/fahy10-1999.pdf [Accessed June 12, 2009].
Forsman, S. 2000. Resource-Based Strategy Analysis: A Case of Local Food Processing Firms in Finland. Presented in the NJF-seminar "The Food Sector in Transition -- Nordic Research." May 14-15, 2000, Oslo, Finland.
Gordon, J., Lee, P., and Lucas, H. (2005). A resource-based view of competitive advantage at the Port of Singapore. Journal of Strategic Information Systems. 14, pp. 69-86. Available at: http://www.scribd.com/doc/7107971/A-Resourcebased-View-of-Competitive-Advantage [Accessed June 12, 2009].
corporate form of "the business corporation," its structure, prerogatives, and procedures, leads to ethical problems arising, or being difficult to resolve. Ethics in business has always seemed to be a struggle, because the main purpose of a business is to turn a profit, and for some businesspeople, that may be at any cost. However, after scandals such as Enron, WorldCom, and Bernie Madoff, among others, business ethics has emerged as an important part of a healthy business environment. The smart business corporation knows ethics and corporate social responsibility (CS) are an important aspect of their daily operations, and yet, businesses still seem to overlook that ideal at the most inopportune times.
The Business Corporation
What is a business corporation? To begin a discussion on ethics, it is important to first define a business corporation. A business corporation is a company doing business that enjoys certain legal protections as a corporation.…
Bomann-Larsen, Lene and Oddny Wiggen, eds. (2004). Responsibility in world business: Managing harmful side-effects of corporate activity. Tokyo: United Nations University Press.
Dilenschneider, R.L. & Salak, J. (2003) Do ethical communicators finish first? Walking the straight and narrow information path. [Online]. Available at: http://findarticles.com/p/articles/mi_m4422/is_4_20/ai_103672846/pg_2/?tag=content;col1 [Accessed 17 June 2009].
Duska, R.F. (2006). Contemporary reflections on business ethics. New York: Springer.
Grace, Damian. 2006. For business ethics. Australian Journal of Management 31, no. 2: 371+.
Business Plan for a New Business
Business Name: "Foot Junkiez"
Business Type: Sell customized footwear on eBay which people can put any name or image on them.
External environment analysis: PASTEL
Foot Junkiez is a customized online footwear store. The area urgently needs an upscale customized shoe shop because the current shops have insufficient selections. Currently, customers that need custom-made footwear must travel long distances to find the right footwear. Foot Junkiez will have an unrivaled, wide-range of different footwear. The size of Foot Junkiez collection is expensive following the different sizes that must be supplied per design. Foot Junkiez has a unique business structure that allows them to have a wide-ranging at the price of only storing one size per design.…
Brown, B.C. (2009). The complete guide to affiliate marketing on the Web: How to use and profit from affiliate marketing programs. Ocala, Fla: Atlantic Pub. Group.
Luther, W.M. (2001). The marketing plan: How to prepare and implement it. New York: AMACOM.
Longenecker, J.G. (2012). Small business management: Launching and growing entrepreneurial ventures. Mason, OH: South-Western Cengage Learning.
Pinson, L. (2008). Anatomy of a business plan: The step-by-step guide to building your business and securing your company's future. Tustin, Calif: Out of Your Mind...and Into the Marketplace.
AT&T's code of ethics can be found on its ATT.com website (2014). The code exists in accordance with the requirements of the Securities and Exchange Commission, according to the company. The code contains nine items: honest and ethical conduct, conflicts of interest, disclosure, compliance, reporting and accountability, corporate opportunities, confidentiality, fair dealing and protection and proper use of company assets. Under each category, the company explains its policies. Under "honest and ethical conduct," AT&T says it will "act with integrity," using a synonym to make a redundant statement. It also says it will "observe both the form and spirit of laws and government rules and regulations," which is the same as line IV, compliance. It will "adhere to a high standard of business ethics," another redundant statement, and without defining "high standard."
The company rather curiously defines "conflict of interest:" as arising when a personal interest interferes…
A&T Code of Conduct. (2014). Retrieved February 18, 2014 from http://www.att.com/gen/investor-relations?pid=5595
AT&T (2013) AT&T global supplier diversity. AT&T. Retrieved February 18, 2014 from http://www.att.com/gen/corporate-citizenship?pid=17724
Holmes, A. (2014). AT&T buoyed in lobbying push against spectrum auction limits. Center for Public Integrity. Retrieved February 18, 2014 from www.publicintegrity.org/2014/01/07/14081/att-buoyed-lobbying-push-against-spectrum-auction-limits
Saint Louis University. (2013). $1 million AT&T contribution to support global education initiatives. Saint Louis University. Retrieved February 18, 2014 from http://www.slu.edu/x87581.xml
Business Continuity and Service estoration
The business continuity planning is the identification of potential external and internal threats that can lead to the disruption of the business process, which can lead to a loss of business infrastructures. In other words, the business continuity plan is the response of hazard that threats an organizational business process. The disruption of business operations can be predictable or unpredictable. However, the power outage and the minor network failures are minor problems that can disrupt business operations. However, a real disaster that can disrupt business activities is cyber attacks, flood, and theft of sensitive data. Business organizations can suffer unanticipated losses because of natural disasters, however, the goal of business continuity plan is to assist in recovery in the critical business process.
In the contemporary business environment, disasters are inevitable, and vary in magnitude and types. Disasters are defined as the abrupt destruction of business…
Pinta, J.(2012). Disaster Recovery Planning as part of Business Continuity Management Pinta, J. AGRIS On-line Papers in Economics and Informatics. 3.4: 55-61.
Five Questions on International Business
What are the approaches international managers seek to understand when instituting change in the international arena?
Change in the international arena may be more complex than in the home nations due to the wider variety of influences and variables that may be present. When looking at the different approaches that international managers may seek to understand in order to institute change, the managers will benefit from understanding different models or frameworks that provide a way of examining the differences that exist and assessing the way in which they may impact on the way change is determined and implemented at an organizational and local level.
One of the first models that may be useful is Hofstede's Cultural Dimensions. This is a model which provides a framework that facilitates an understanding of the cultural differences that exist between people of different regions and nations (Dellner,…
Dekkner, A, (2014), Cultural Dimensions: The Five-Dimensions-Model according to Geert Hofstede, GRIN Verlag
Farkasov Edita (2002, June), Regional Aspects Of The Effect Of Foreign Direct Investment, BIATEC, Volume X.
Howells P.G.A, Bain, K, (2007), Financial Institutions and Markets, London, Longman
The Hofstede Center, (2014), Dimensions, accessed at http://geert-hofstede.com/dimensions.html
Business Plan for a Financial Divorce Software
Business Plan Divorce Software
Business Plan relating to the Sales of a new Financial Divorce Software.
Business Plan relating to the Sales of a new Financial Divorce Software
Keys to Success
Legal Form of Ownership
Location and Facilities
Products and Service
Ps of Marketing
Financial Statements and Projections
evenue and Cost Estimate
Forecasted Profit and Loss Statement
Forecasted Balance Sheet
Financial planning is involved in every aspect of life. Individuals and businesses have to formulate their daily, monthly, and yearly budgets in order to achieve a balance between their incomes and expenditures.…
Association of Divorce Financial Planners, (2012). Divorce Financial Planning. Retrieved on July 7th, 2012, from
Blythe, J. & Megicks, P. (2010). Marketing Planning: Strategy, Environment and Context, 3rd Edition. U.K: Prentice Hall
Cadle, J., Paul, D., & Yeates, D. (2010). Business Analysis, 2nd Edition. Swindon: British Informatics Society
Francis, P. (2010). Creating the Marketing Executive of the Future Using Key Deming Principles, Journal of Executive Education, 9 (1): 127-138
Description of the Business
The business is a gourmet candy shop. The shop will sell gourmet candy that has been sourced from all over the world. The shop will operate with one storefront location, and there will be an Internet/mail order component as well.
The rationale for the business is simply. There is a growing trend towards hedonistic approaches to dining. We have seen in the past few years the rise of the bacon fetish, high end craft beer and coffee, cupcakes, the move of fine dining to the mass market and a full embrace by Americans of better quality indulgent goods. Much of this trend can be credited to the aging of the population, as people seek to maximize pleasure. They have the financial means to treat themselves, and seek to balance this hedonism with a desire to be healthy. The intersection of these ideals is where…
Bailey, E. (2013). Pros and cons of incorporation. Suite101.com. Retrieved November 14, 2013 from http://suite101.com/a/pros-and-cons-of-incorporation-a42401
FASB. (2013). International convergence of accounting standards. Financial Accounting Standards Board. Retrieved November 14, 2013 from http://www.fasb.org/jsp/FASB/Page/SectionPage&cid=1176156245663
IRS.gov. (2013). Publication 946. Internal Revenue Service. Retrieved November 14, 2013 from http://www.irs.gov/publications/p946/ar02.html#en_US_2012_publink1000270861
NCA. (2013). Profile of the U.S. candy industry. National Confectioners' Association. Retrieved November 14, 2013 from http://www.candyusa.com/content.cfm?ItemNumber=1607
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 be $63,600. As a result, it is likely that a clinic will be formed with other practitioners in order to minimize expenses and increase profitability.
e did not include taxes in our cash flow examples because the company is going to be set up as a sole proprietorship. This means that the income from the company will be rolled into the income for Mr. Ahn, as well as his liabilities. Mr. Ahn's personal expenses are therefore not included in…
No author (2007). Traditional Chinese Medicine. Alternative Medicine Foundation. Retrieved December 18, 2008 at http://www.amfoundation.org/tcm.htm
No author (2005). Regulation of TCM in the United States. Medscape Today. Retrieved December 18, 2008 at http://www.medscape.com/viewarticle/511877_7
No author (2008). HIV / AIDS, the U.S.-China Partnership for Public Health at Work, and Traditional Chinese Medicine in the U.S. Fact Sheet. U.S. Department of Health and Human Services. Retrieved December 18, 2008 at http://www.hhs.gov/news/facts/chinahiv.html
Census information from U.S. Census Bureau. Retrieved December 18, 2008 at http://factfinder.census.gov/home/saff/main.html?_lang=en
There are a number of forces that will impact the strategy of Hot ings. The legal and regulatory environment governs a number of different aspects of the business, from licensing to human resources policies to food handling and other aspects of the business. There are regulations at the federal, state, municipal and possibly county levels. Food handling and alcohol are the most important elements within the regulatory environment as violations of these regulations can result in shut down, legal action or the closing off of revenue streams. Proper training must be given to all staff with respect to the different food and alcohol regulations in order to keep the business running.
The economic environment is of critical importance because the number of times people eat or drink outside of the home is dictated in large part by their disposable income. In good economic times, people go out more…
Chathoth, P.; Tse, E. & Olsen, M. (2005). Turnaround strategy: A study of restaurant firms. International Journal of Hospitality Management. Vol. 25 (4) 602-622.
Food Product Design. (2010). Economy key to casual, fine dining recovery. Food Product Design. Retrieved March 28, 2011 http://www.foodproductdesign.com/news/2010/11/economy-key-to-casual-fine-dining-recovery.aspx
Hamilton, R. (2010). Defending against threats to intellectual property. In Defense of Data. Retrieved March 28, 2011 from http://www.entrepreneur.com/2011/01/-all-through-the-recession.php
Horovitz, B. (2008). Casual dining chains hunger for change. USA Today. Retrieved March 28, 2011 from http://www.usatoday.com/money/industries/food/2008-10-13-casual-dining-restaurants_N.htm
External Analysis Motorcycle Industry
External Analysis of the Motorcycle Industry
Harley Davidson, the heavy-bike manufacturer holds the purpose of fulfilling dreams of personal freedom (Purpose: Harley Davidson, 2013). The company functions in segments of Motorcycles & elated Products and the Financial Services. It is however globally known for heavy bikes that have engine displacement of 651+cc (Harley-Davidson Inc. 2013). The company enjoys a unique position in the market yet it is exposed to many new market challenges in recent future. The demand for heavy bikes has increased among those that are not necessarily filthy rich and other companies are also entering the industry. Here is the PEST analysis of Harley Davidson to study what challenges it is facing in external environment.
The PEST analysis offers a detailed picture of how the macro environment factors affect the performance of Harley Davidson. The PEST stands for Political, Economic,…
Engel, J., (2013), "Polaris challenges Harley-Davidson with 3 Indian motorcycles," Retrieved
Harley-Davidson Inc. (2013), Retrieved from:
External analysis first begins with an assessment of the macroeconomic conditions of both domestic and international firms. In our current economic environment domestically signals are mixed in regards to recovery or depression. Year over year, the unemployment rate has remained stagnant at historically high levels. This is important because employment rates have a direct correlation to economic prosperity and its subsequent rate of inflation. At 9.1% nearly 1 out of every 11 Americans are without work (1). This figure does not include individuals who are underemployed or working only part-time. When added these two criteria, the unemployment rate soars to above 16%. This doesn't bode well for the macroeconomic environment of the United States as nearly 70% of GDP comes from consumer spending. If consumers are without work, they subsequently will not spend as much to help bolster the economy. Consequently, more jobs can potentially be lost as more companies…
1) "Employment Situation Summary." U.S. Bureau of Labor Statistics. Web. 14 July 2011. .
2) "News Release: Personal Income and Outlays, March 2011." U.S. Bureau of Economic Analysis (BEA) - Bea.gov Home Page. Web. 20 May 2011. .
3) "News Release: Gross Domestic Product." U.S. Bureau of Economic Analysis (BEA) - Bea.gov Home Page. Web. 20 May 2011. .
Business Transformation Strategy
GE Capital oodchester is a leading provider of motor car, equipment, and personal finance in the country of Ireland. They offer the most flexible packages for diverse financial needs and as such, have earned the position of leading the personal and capitol acquisition financial services. GE Capital oodchester also provides specialized financing and services and they focus on niches including equipment and car leasing, hire purchase and loans to businesses and individuals across Ireland. Headquartered in Dublin, GE Capital oodchester services the financial needs of its customers through its regional sales centers and extensive dealer and partner network.
GE Capital oodchester is a wholly owned subsidiary of GE Capital. ith assets of more than U.S.$425 billion, (gecapitol.ie, online) GE Capital is a global, diversified financial services company with 28 specialized businesses worldwide. GE Capital has had an enviable record of growth over the past decade delivering value…
Who We Are. (2002) GE Capitol. Accessed 6 August 2003. Website: http://gecapital.ie/GECapital/WhoWeAre.cfm
Our Expertise. (2002) GE Capitol. Accessed 6 August 2003. Website: http://gecapital.ie/GECapital/OurExpertise.cfm
Hill, C. & Jones, G. (2001) Strategic management: an integrated approach, 5th ed. Houghton Mifflin Company: Boston.
Porter, Michael. (1980) Competitive Strategy: Techniques for Analyzing Industries and Competitors New York: Simon and Schuster.
Business Plan Assisted Living Facilities
Residential and Day Treatment Facility
Residay Home and Residential Care provides assisted living solutions for senior adults. Residay Home and Residential Care is dedicated to making the provision of the highest quality care to senior citizens requiring or desiring an assisted living facility. Residay Home and Residential Care is located in the Tennessee Valley Area of North Alabama and is an alternative to the generally larger and less personal senior assisted living facilities specializing in the ability to make provision of a very high level of care in a smaller and more personal environment. Residay Home and Residential Care makes provisions of assistance to seniors in their activities of daily living including assisting with medication, meals, reminders, personal grooming, physical therapy and other such assistance. Further provided by Residay Home and Residential Care are opportunities for companionship, entertainment, and activities, which seniors enjoy…
Administration on Aging, Department of Health and Human Services (2005). Fact Sheets: Eldercare Locator.
Administration on Aging. (2004). Report to Congress. Long-term Care Ombudsmen Report, Fiscal Year 2004. Washington, DC: U.S. Department of Health and Human Services, Administration on Aging.
Agency for Healthcare Research and Quality. (1996). Medical Expenditure Panel Survey: Nursing Home Component. Retrieved from: http://www.ahrq.gov/data/mepsweb.htm#Nursing .
Alabama State Board of Health, Alabama Department of Public Health, Division of Licensure and Certification Administrative Code. Chapter 420-5-4 Assisted Living Facilities. Retrieved from: http://www.alabamaadministrativecode.state.al.us/docs/hlth/420-5-4.pdf
Business Manager 0668
Tools for customers
E-commerce payment solutions
Search Engine Optimization
Strategies for improvement
Search Engine Optimization and webpage rankings
Global business diversity
Customer elationship Management
Website integration of tools
Discuss how you will facilitate customer payment using e-commerce solutions (e.g., how the transaction will take place, including the tools customers will use).
The customer transactions and payments are one of the important elements of e-commerce strategy. The businesses are required to offer a secure and trust worthy system for their client to manage the financial transactions. There are different transactions handling methods used by the e-commerce-based organizations. These payment methods should be aligned with the overall business transaction handling process as well as appropriate selection of tools and e-payment solutions.
The transactions of products produced under the label of Sunny Day salon are mainly related…
Buttle, F. (2012). Customer relationship management.USA: Routledge.
Kent, P. (2012). Search engine optimization for dummies. USA: John Wiley & Sons Inc.
Kim, C., Tao, W., Shin, N., & Kim, K.S. (2010). An empirical study of customers' perceptions of security and trust in e-payment systems. Electronic Commerce Research and Applications, 9(1), 84-95.
Ojeda-Zapata, J. (2011). iPad Means Business: How Apple's Tablet Computer is Changing the Work World. USA: Happy About.
The American economy is undergoing fundamental change. Due primarily to globalization, industries continue to innovate and change. In particular, the rise of the information age has altered the manner in which business is conducted. Technology has now become an integral aspect of all business operations. In many industries however, technology has had very little impact on the fundamental operations of the business. It is these businesses that are unlikely to undergo fundamental change that are particularly appealing to me. For one, these businesses are relatively stable over the long-term. Earnings, profits, and revenues may increase or decrease over subsequent periods. The underlying business however will remain intact. As such, the business that I will own will be a fitness center.
A fitness center is relatively stable in its value proposition to society. More than one billion adults worldwide are overweight. In the United States alone obesity is responsible…
1) Lee, IMin ( July 2012). "Effect of physical inactivity on major non-communicable diseases worldwide: an analysis of burden of disease and life expectancy." The Lancet.
2) Morris J.N., Margaret D. Crawford Coronary Heart Disease and Physical Activity of Work British Medical Journal 1958; 2 pages1475 -- 1486
3) Reamy, Walker BV (April 2009). "Diets for cardiovascular disease prevention: what is the evidence?." Am Fam Physician 79-569 -- 578.
External Environmental Analysis
This is an online business that offers direct retail sales as well as online auctions both at the international level and locally. It is an online market place where potential buyers can visit for designer brands and home goods at the best price bargains. It also offers a platform where sellers of items can get onto the market platform online and sell their items to other people within or outside the U.S.A.
Porter's Five Forces model and the overstock.com (Mind Tools Ltd., 2014)
Supplier power- this refers to the concentration of other businesses or suppliers that can provide the same service that overstock.com offers. This threat can be rated as high since there are several websites like amazon, ebay among several others that offer the same services.
Buyer power- this refers to the ease with which the buyers of the goods or services can drive down…
Mind Tools Ltd., (2014). Porter's Five Forces Assessing the Balance of Power in a Business Situation. Retrieved February 3, 2014 from http://www.mindtools.com/pages/article/newTMC_08.htm
Strategic Management Insight, (2014). PEST & PESTEL Analysis. Retrieved February 3, 2014 from http://www.strategicmanagementinsight.com/tools/pest-pestel-analysis.html
This could bring a flood of new competitors to the market. Verizon is working with other wireless providers to gain preferential access to new wavelengths. Previous auctions, including the 2007 auction of the 700 MHz spectrum that Verizon won, came with open-access rules. Verizon is battling the FCC with regards to the regulator's desire for openness rules on all bandwidth, something Verizon considers a threat to be actively combated (Singel, 2009). As a whole, the regulatory environment has become less favorable to the wireless industry of late, with the FCC taking a more active role in micromanaging the industry (Corbin, 2009).
An analysis of the competitive environment using Porter's Five Forces model reveals that the competitive environment for Verizon is moderately challenging. There is strong buyer power. The main driver of buyer power in wireless is the low switching cost between providers. Buyers are also savvy and have…
MSN Moneycentral, various pages. Retrieved October 23, 2009 from http://moneycentral.msn.com/investor/research/newsnap.asp?Symbol=U.S.%3aVZ
Verizon Investor Relations website, various pages. Retrieved October 23, 2009 from http://investor.verizon.com/profile/history/
No author. (2009). The U.S. Economy. EconomyWatch.com. Retrieved October 23, 2009 from http://www.economywatch.com/world_economy/usa/
No author. (2009). Federal Funds. The Federal Reserve Bank. Retrieved October 23, 2009 from http://www.federalreserve.gov/RELEASES/H15/data/Monthly/H15_FF_O.txt
External Analysis of the Portable Saw Mill Industry
Explain three benefits of conducting an external analysis.
For Edward Perry, Timber King's new CEO, external analysis is one of the most strategic activities he can engage in and have his company continually pursue. Of the many benefits associated with external analysis, the top three are staying on top of customer trends and their continual evolution, being able to anticipate and act on opportunities, and getting advance warning of any significant threats (Banham, 2010). These three areas of customer-centered analysis, scanning the external environment for opportunities while looking to mitigate threats must eventually be integrated to the internal systems and processes of Timber King in order for the company to be successful (Feldmann, Olhager, 2008). The company must become highly agile and market-driven for the portable saw mill business to succeed.
Educate Mr. Perry on some of the challenges of conducting an…
Banham, H.C., C.G.A. (2010). External environmental analysis for small and medium enterprises (SMEs). Journal of Business & Economics Research, 8(10), 19-25.
Feldmann, A., & Olhager, J. (2008). Internal and external suppliers in manufacturing networks -- an empirical analysis. Operations Management Research, 1(2), 141-149. doi:10.1007/s12063-008-0011-1
Kessides, I.N. (1990). Internal vs. external market conditions and firm profitability: An exploratory model. The Economic Journal, 100(402), 773-773.
Lings, I.N., & Greenley, G.E. (2009). The impact of internal and external market orientations on firm performance. Journal of Strategic Marketing, 17(1), 41.
Strategic Management: External Analysis
External analysis in organization is important since it examines the threats and opportunities existing within an environment. The only way of differentiating strength or weaknesses from opportunity or threat is to ask whether the issue exist if companies failed to exist. And if it is true, then this is considered as external to firm. Opportunities is a favorable conditions within the environment and it may produce rewards for most organizations, in short, they are the situations that may exist, however they should be acted upon if firms benefits from them. Threats on the other hand, are barriers that prevent firms from meeting their objectives. External analysis is significant for success of every company (Samuels & Perry, 2005). This paper examines the major threats and opportunities in improving the ability of the McDonalds Company to meet the needs of its stakeholders and make their vision…
Ratnasingam, P. (2005). A SWOT Analysis for B2C E-Commerce the Case of Amazon.com.
London: Idea Group.
Ratnasingam, P. (2006). SWOT analysis for B2C e-commerce the case of Amazon.com.
London: Idea Group Pub.