...The Business Environment BUS 100 – Introduction to Business Professor Denel Pierre In order to understand business and the economy one need to know the meaning of business and its purpose within society. Business can be viewed as a legal entity to sell goods, make goods or provide a service to individuals. It’s an economic system where a for-profit and a non-profit company can exist in providing goods and services. Businesses operate within a network of distributors and producers of goods, consumers’ who purchase goods, within a demographic area based on their needs and wants. Within this network how a business is structured and form can affect the profitability of that business; also, how businesses perform can affect the overall performance of a country’s economy. Describe the role of business in the economy Being part of a capitalistic economy businesses are the main and most important component of it. Businesses play a role in every section of an economy, such as; manufacturing, healthcare, retail and service are examples of what involves businesses. Without a network of producers and distributors there will be no economy, if businesses do not exist then consumers will have to produce, create, store, and sell items themselves, basically everyone would be fending for themselves for every need and want. (Kelly, M., & McGowen, J. (2012) In today’s global businesses environment the economic impact can be felt internationally. As businesses go through cycles of...
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...broadly confirm how despite the fact that Saudi Arabia is now considered as a growing economy which is trying to diversify its exports, mainly based on oil and natural gas, by framing and revising its legal and regulatory environment in order to foster entrepreneurship activities and the private sector interest. It leads to growing concern about the role of women in the economic environment, with legal and ethical consideration of the women’s role in the existing socio-cultural make-up of the country. The way in which countries like Saudi Arabia, have developed a domestic organized economy that is based on entrepreneurship is a hypothesis that has been widely tested and cited within the existing body of Literature. Although many academic experts believe that Middle East countries still retain a promising potential for growth (Shachmurove, 2004), major obstacles in terms of detrimental factors such as corruption, unclear regulations and reliance on oil have also recognized. Women are therefore believed to play a primary role in the entrepreneurial future of the region. In order to leverage on the untapped potential of economic growth of this country by utilizing and capitalizing on the potential contribution of the female entrepreneurs towards success of economic projects that are being carried out in Saudi Arabia, in compliance with the ethical dimensions that are deemed critical in the middle east region. Although, plethora of...
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...UNIV 111 Education Portfolio Search SKIP TO CONTENT SAMPLE PAGE UNIV 111: UNIT 2 ESSAY – CONSUMPTION AS ETHICAL BEHAVIOR APRIL 28, 2015 PARKJH37 LEAVE A COMMENT The second writing is about the Consumption as Ethical Behavior. In this analytic 1350-word essay, the viewpoints of two thinkers are compared and reflected regarding to the ethical appeals that the company makes. For this essay, I chose Starbucks Company as the ethical company and I have introduced two writers from our readings in class. I honestly had hard time starting the introduction of this essay, because it was a new way of writing that I have never experience before. However, through many drafting and the help of my Focused Inquiry Professor, I was able to write this essay. UNIV 111 Unit 2 Essay Consumption as Ethical Behavior UNIV 111 Ju Hee Park 02 – 18 – 15 Everyone loves to have a cup of Starbucks Coffee for a relaxing break, for meeting a friend and talk to, for grab and go, and etc during our daily complex schedule. And Starbucks Company has made all these possible by providing a great place to socialize with other people while they are enjoying their products. But not only, Starbucks good at providing a social zone, and their luxurious qualities, the Starbucks Coffee Company also supports some ethical values. The Starbucks Coffee Company promotes their ethical values by claiming that they are constructing greener stores, recycling and reducing waste, conserving water and energy, preventing...
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...Introduction To Corporate Social Responsibility Management Essay Organizations always have an important Role in the lives of the society in which it is operating especially when the business is growing and thinking about globalization. Organization’s performance and production is linked with enviourment, social, cultural and governmental variables. When an organization operates its operations in a particular community, due to the business processes there are some responsibilities to the organization. 1.1 Definition of Corporate Social Responsibility In general term CSR refers to: ‘The comprehensive approach which organization takes to meet the expectation of stakeholders by putting away such measures as revenues, profit and legal obligations. Community development, welfare, human rights and ethical conduct are key factors which come under the CSR umbrella’ (Laurie J. Mullins). I would like to discuss the CSR issues in Aviation Industry that’s why I have chosen Air France-KLM and Ryanair. 1.2 Air France-KLM Overview: Air France and KLM merged together in 2004 to form Air France-KLM Group while both airlines operate individually to retain their brands and identity (Air France-KLM CSR Report 2010). Air France was elected best airline of the year 2010 in Business Travel Awards (The Financial). Air France-KLM is the only airline which is selected in Dow Jones Sustainability Index in 2008.This group is the biggest in the whole world according to their profit growth which is €24...
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...Indian Telecom Industry P.E.S.T. depth psychology of the Indian Telecom labor 2009 This is an analysis of the Political, frugal, Social and scientific environment surrounding the Indian Telecommunication Industry. By- Akshar Mehta 02 2nd January 2009 Particulars| scallywag| 1. Introduction 2.1 Panoramic Scene of Indian Telecom Industry 2.2 The Road Ahead| 2-323| 2. P.E.S.T. Analysis What is it? 3.3 Meaning 3.4 Main Aspects of P.E.S.T. Analysis| 444| 3. Political Environment3.1 Policies Framed By the Government for the Telecom Industry3.2 impaction of Policies on the Industry| 5-767| 4. Economic Environment 5.5 Current Economic Scenario4.2 Mergers and Acquisitions4.3 Foreign Direct Investment (FDI)| 8-9899| 5. Social Environment| 10| 6. applied science Environment 7.6 Technology Available in India Today6.2 Technology which will be implemented later| 11-1311,1213| 7. Conclusion| 14| 8. Bibliography 9.7 Articles 9.8 Books 9.9 Internet| 15151515| ------------------------------------------------- Table of Contents 1. Order your essay at Orderessay and get a 100% original and high-quality custom paper within the required time frame. THE TELECOM INDIAN INDUSTRY The Indian telecommunications has been zooming up the harvest-festival curve at a feverish pace, rising as one of the key sectors responsible for Indias resurgent economic growth. It is the accelerated growing telecommunication market in the demesne, and with 281.62 million telephone connections (at the end of January 2008)...
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...A company must get to know about the targeted market environment before it decided to operate internationally. There are the macro-environment that affects Starbucks marketing decision, economic factors, socio-cultural factors, demographic factors, political factors, natural factors and also technology factors. Economics Factor Being a producer of first-rate and specialty coffees, Starbucks requires a market that able to withstand the demand for the coffee. Starbucks marketing decisions for an economy with high disposable income that leads to high quality of life country like US. It is an example of a developed country that has the high purchasing power and spending patterns which most of the citizen in US are willing to spend more in return for a quality product such as Starbucks coffee. It shown that economic factors affect the business function and largely alarm consumer purchasing power. This requires an important market research about economic and financial stability of a city before they move it in. http://www.ukessays.com/essays/marketing/internal-and-external-factors-affecting-starbucks-marketing-essay.php There are two economics factors that help a company to determine if the country would be a good market, which are the country’s industrial structure and income distribution. Country’s industrial structure is referring to industrial economy, raw material exporting economy or subsistence economy of a country. These show the employment, product and service needs and...
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...Lena Cavusoglu J. Mack Robinson College of Business, Georgia State University Master in International Business IB 8090 - International Business Environment Essay Exam # 1 Email: lcavusoglu1@student.gsu.edu 1. GDP per capita as an indicator: What are the limitations of this statistic in the context of emerging markets? GDP per capita is often used as an approximation of a country's prosperity. However, this approximation excludes significant factors such as the distribution of income, home production, underground economy, and social cost of production, in making a decision on the well-being of a country's inhabitants. First, emerging markets generally have an unbalanced distribution of income. There may be significant gaps in income between various groups of the society. In such markets, GDP per capita is a misleading indicator of the economic situation because a wealthy minority may hold a large share of GDP. GDP per capita might underestimate the fraction of society who has an income below the poverty threshold. Furthermore, the inequality in income distribution gives rise to a higher rate of increase in underground economy, which may make up a large fraction of GDP generated in a country. Consequently, many places have a higher GDP than what is reported. Second, there is a large domestic production in developing countries such as Turkey, which is not calculated in GDP since these products are not sold on the market. Homegrown vegetables and knit clothing are examples...
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...Nike in India MKW 3444 (Assignment 1) TABLE OF CONTENTS Table of Contents Page 2 Executive Summary Page 3 1 Introduction Page 4 2 Economic Environment Page 5 3 Cultural Environment Page 7 4 Political Environment Page 9 5 Conclusion Page 11 6 References Page 12 EXECUTIVE SUMMARY The following essay interrogates Nike, Inc., in the Indian market. The context of the paper lies within the framework of an environmental analysis for the groundwork of a future marketing plan. The central argument is that; (A) the economic environment offers an overall attractive outlook, (B) the cultural environment requires Nike, Inc., to change their core product portfolio while continuously learning to customize and localise to the needs of the Indian consumer, (C) The political environment does not have a substantial risk impact in both its historical and current outlook, and the government is heavily involved in reforms that promote foreign direct investment. The extent of the analysis highlights relevant international marketing issues that Nike, Inc., faces in India in the context of country attractiveness, market segmentation, market positioning, and the marketing strategy in the context of the four P’s. 1 INTRODUCTION The aim of this essay is to select a consumer product and country market and undertake an in-depth and extensive environmental analysis as groundwork for a marketing plan. The selected consumer product will...
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...Economic Environment: Economic Environment is a vital component of the mega environment from the standpoint of strategic planning. Any industry and Business depends heavily on economic environment (Ramaswamy & Namakumari, 2007). Fortune of industry and business heavily rests on the purchasing power of the people and purchasing power is largely a product of economic environment. The economic factors that affect the Google industry are: Economic Conditions of different segments of population, their disposable income and purchasing power. Trends in income distribution and consumer-spending pattern, income, savings and credit availability. Rate of inflation, Tax rates & Interest rates and exchange rates. Behavior of capital markets: The corporate sector and capital market are important indicators of sophistication and growth of an economy. Political Environment: the political environment exercises great impact on industry and business. With development on the political front affecting the economy, the economic factor often becomes by-product of the political environment (Ramaswamy & Namakumari, 2007). The political factors that affect the Google industry are: Form of Government Political stability Tax Laws Laws related to the hiring and promotion of employees Technological factors: Technology is a major force for industry and business to reckon with. Technology leads practically all forces that shape people’s lives. For a business firm, technology affects not only its...
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...Draft essay Since the Second World War, development has increased rapidly. Modern societies hope to develop the standard of living through growth in economy and technology. However, development also has some negative impact on society. In addition, the negative impact of development is becoming more serious, especially in developing counties. In this essay, the term ‘the social cost of development’ refers to damage to society caused by activities aimed at achieving the goals of society. The concept of the ‘development’ is considered to include the development goals and all systems and legal measures used to achieve development. Further to this the concept that social cost is‘too high’ is considered to mean that too much damage is caused to society before it is possible to achieve the development goals. In view of the above this essay will argue that the social cost of development is too high. This will be demonstrated by analysing of the impact of the social cost of development on the environmental pollution and health. Developing countries will cost the environment to develop the economy. A major reason for this is that it is commonly that in older to solve the poverty, developing countries will cost the environment to develop the economy. Firstly, during economic growth, environmental degradation will increase. According to the result of research by Dinda, “When a country achieves a sufficiently high standard of living, people attach increasing value to environmental amenities”...
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...wants to expand their market enter into other countries. If one company wants to enter international market they should think about many things. Such as that people all over the world have different needs and requirements, evaluate marketing environment and the overseas potential of markets has to be carefully scrutinized. International marketing also involves marketing, advertising, and selling a company’s product or brand on a global scale. Many fashions of advertising use this marketing such as television, publications, Internet and so on. An International Marketing strategy is one part of a global strategy. If an international marketing is correct, it will have many benefits for a company. Following is four benefits: Make more effective and profitable about the products. You change the produces and services to learn more. The more you learn, the faster you learn, the more effective can become at the releasing products and services. And then it is easy for the company to enter into the international marketing. This essay is an example of a student's work Disclaimer This essay has been submitted to us by a student in order to help you with your studies. This is not an example of the work written by our professional essay writers. Have stronger competitive advantage More and more competition will appear in the international marketing. So the company should be ready at any time to face to face to the competition. After that, they will have the ability...
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...Gaining Knowledge about Our Environment How often do you pay attention to the environment around you? There are few people that take notice of how humans treat and take care of the earth; however, the people that do observe the earth are trying to gain awareness so people can see just what is happening around them. In Delaney’s essay, Pilgrim at Topanga Creek, he goes on to discuss the nature of human versus wildlife. The wildlife that he seems to focus on is coyotes and humans coexist. He goes on to explain that coyotes do not mean intentional harm, because they are just doing what they need to do to survive. Another environmentalist, Aldo Leopold wrote an essay called “Land Ethic.” Leopold goes on to express his ideals of how mistreated the environment really is. Like Delaney, he expresses how humans and the environment coexist; however, unlike Delaney, Leopold refers to plants and animals. He tries to prove the point that humans do not have respect for the natural world. While both essays’ focus on the subject of the environment there is a compare and contrast of similarities, differences, and tones. In both essays’ Leopold and Delaney discuss how easily humans take over land that belonged to animals long before we took over the land. Delaney talks about how the coyotes invade the yards in his neighborhood; however, there are people that leave food out for the coyotes, but call in complaints when the coyotes attack their yards, pets, or children. About 100 coyotes per...
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...Olawoyin The word count for this essay is 1637 words including references. This figure excludes the cover page The word count for this essay is 1637 words including references. This figure excludes the cover page COMPETITIVENESS BSM018 This essay will discuss competitiveness of countries and account for a competitiveness indicator the United States (US), a member of the Organization of Economic Cooperation Countries (OECD) performs strongly in. It will also look at two competitiveness indicators where US underperforms and suggests ways in which such indicators could be improved. In addition to this, it will consider to what extent international practices match economic theories. First, the term competitiveness, and various methods used to measure it will be discussed. The second section will examine one competitiveness indicator in which the US excels. Two competitiveness indicators in which the US underperforms will be explored in the third section, and in particular, ways in which these indicators could be improved. Finally, the extent to which current practices match theories will be discussed. There is no accepted definition for the term “national competitiveness and it has become a much-debated concept. Clark and Tracey (2004) argued that the definition of competitiveness is one of the many unresolved debates posing significant challenges to contemporary academic inquiry and policy-making in the field of globalization and economic integration. Equally, Chursin and...
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...* My Account * 0115 966 7955 ------------------------------------------------- Top of Form Bottom of Form * UK Essays * Services * Instant Price * Order Now * Essays * Dissertations * Guarantees * Contact * ECONOMICS The economics essay below has been submitted to us by a student in order to help you with your studies. ------------------------------------------------- Top of Form Bottom of Form Back to Subject Index 1. UKEssays 2. Essays 3. Economics 4. Analysis Of The Emerging Country South Africa Economics Essay Print Reference This Reddit This Tweet Analysis Of The Emerging Country South Africa Economics Essay In the following pages we will analyze the place of South Africa in International Trade. In order to do so we will analyze the background of the country, develop PESTLE analysis, look at the balance of payments as well as trade balance, examine exchange trade policy and growth rate of the economy. In conclusion we will provide forecast for country's development. Today South Africa's trade and industrial policy is moving away from a highly protected, inward looking economy towards an internationally competitive economy, capitalizing on its competitive and comparative advantages. From the period of apartheid, it has made great progress in dismantling its old economic system, which was based on import substitution, high tariffs and subsidies, anticompetitive behavior, and extensive government...
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...OF THE ORGANISATIONS WITHIN WHICH THEY FUNCTION This essay reviews theoretical concepts to assess the proposition that the ways in which people are managed affects the performance of the organisations within which they function. The implications of this proposition are that (a) effective management is associated with higher levels of organisational performance, while ineffective management practices are associated with inferior organisational performance. The theoretical framework within which this assessment is performed is "Managing People in Organisations" (MPIO). MPIO is an umbrella concept that encompasses both organizational behaviour (OR) and human resource management (HRM). The concepts of leadership and its effects on organisational performance also are included in MPIO (Beech, Cairns, Livingstone, Lockyer, and Tsoukas, 2002). MPIO includes a wide array of concepts and theories. To assess the proposition that the ways in which people are managed affects the performance of the organisations within which they function, however, this essay focused on two crucial aspects of MPIO in the contemporary period. These crucial aspects of MPIO are the responses by management to the globalised business environment and the effects of cultural diversity on management's communications with employees, each of which is crucial to the development of high levels of organisational performance in the environment of globalised economic and business operations. These two assessments are preceded...
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