... 1. Introduction page 2 2. The external environment page 3 3. Three models of relations between the company and the external environment page 7 4. Analysis of internal environment page 8 5. Conclusion page 9 6. References page 9 1. INTRODUCTION From the characteristics of the company as a technological and open economic system, it follows that the relations with the surroundings are basis of its operation and development. Just like the company that is subject to changes, so is the environment, which leads to changes of mutual and dependent direct and indirect relationships. The environment is a factor in the survival and effectiveness of the function and effectiveness of enterprise development. Creating a proper business and social environment in which firms operate normally, grow and develop is the permanent task of any government if it wants to ensure economic growth and prosperity of the country. It is beyond any doubt that the developed market environment is the starting point for the construction of the market system. You need to know that the institutional arrangements and economic and systemic mechanisms in successful economies of most developed countries (Japan, USA, Germany ...) essentially differ with each other. Thus, we conclude that there is no universal model of the economy that can be applied to any other country. Immediate environment consists of internal and external stakeholders. Internal...
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...Chapter 1: Business Now: Change Is The Only Constant: Powerpoint: Business: Organization or activity that provides goods and services in an effort to earn a profit. Sales=Revenues: Money coming into a company. Expenses: Bills companies have to pay in order to operate. Earnings=Income=Profit: Money companies can “put in the bank” at the end of the year. Profit: Money earned in sales/revenue, minus expenses. Sales – Expenses=Profit or Loss. Loss: When expenses are greater than sales/revenue. Non-Profits: Business-like establishments that employ people and produce goods and services. +Aim to contribute to the community rather than generating financial gain. +Produce goods and services to support economic stability and growth in a region. -GoalGenerate long-term profits by delivering unsurpassed value to the customers. Value: Relationship between the price of a good or a service and the benefits that it offers its customers. -Thriving Business improves standard of living of people, contributes to higher quality of life. Standard of Living: Quality and quantity of goods and services available to a population. Quality of Life: Overall sense of well-being experienced by an individual or a group. Consumer: Buys goods and services for their own personal consumption. U.S. Economy: 70% of the Gross Domestic Product (a measure of the size of the U.S. economy) comes from consumer purchases. Entrepreneurs: People who risk their time, money...
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... The Value Chain Model Pg 13 - 17 The Business Process Model Pg 18 - 22 Database tables Pg 23 - 24 SALES/COLLECTION (DEBTORS) DATABASE DESIGN Pg 25 The Financing Business Process Pg 26 - 34 Supporting Documentation Pg 35 Rea Task Level Model Pg 36 - 41 Conclusion Pg 42 Company Information Pg 43 Bibliography Pg 44 Introduction Cape Town Partnership was established in the year 1999 by their chief executive officer Mike Farr. Over the past decade, Cape Town Partnership has been developing and improving the CBD (Central Business District). The Cape Town Partnership is an agency which facilitates partnerships between government and private sectors. Through the Cape Town Central City Improvement District who is closely affiliated with the Partnership, they manage the operational activities, to assist with project development and urban management. Since its establishment, the Cape Town Partnership has become an internationally acclaimed model of public and private partnerships between property owners and businesses supported by the City of Cape Town. Cape Town Partnership specializes in major city projects such as building and maintaining of roads in central business district, promoting a safer and cleaner city, the company also provides security in the business district and it creates job opportunities for those...
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...Harvard Business School 9-389-080 Rev. December 5, 1989 Country Analysis Framework This framework takes the nation as the unit of analysis. Effective managers must be able to analyze systematically the national and international environments in which they operate. This note presents a framework to help them do this. Since government actions shape business environments, that is the starting point for country analysis. In this view, nations have strategic purposes, the capacity to mobilize resources, and the power to affect their economies. The country analysis framework has three interrelated components: strategy, performance, and context. Each of these has economic, political, and social dimensions. All governments have a national strategy composed of explicit or implicit goals and a set of policies to achieve those goals. These lead to performance, which can be judged by assessing how well the country is doing economically, politically, and socially. These outcomes also depend on a country’s context, which has domestic aspects (economic, political, social, institutional, and ideological) and international aspects (trading relationships, political links, multilateral institutions, global industries). In turn, the outcomes affect the context for future strategies. Thus, strategy, performance, and context are interdependent. Country analysis can therefore begin with any of the three components, but requires examining all of them. Country analysis is not a...
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...Page 1 Introduction: ‘business’ and its ‘environment’ Paul Wetherly and Dorron Otter Contents The approach of this book—themes and issues 2 What is business? 4 Business and the problem of scarcity 5 The private sector—on closer inspection 7 28 Review and discussion questions 29 Assignments 30 Further reading 30 4 The private sector of business Case study: ‘UK plc’ Other sectors of business—the public sector and the third sector 10 Online resources 30 A simple model of business in its environment— transforming inputs into outputs 13 References 30 Conceptualizing the environment of business 15 Interaction between business and the environment—responding, influencing and choosing 17 The nature of the internal environment 20 Types of organization structure 21 Environmental analysis 24 Summary 27 01 9780199203055_001_030_CH01.qxd 2 X 11/1/07 15:14 Page 2 Introduction Learning objectives When you have completed this chapter you will able to: l Recognize different uses of the term business, and understand the different forms of business in terms of, for example, private, public and not-for-profit organizations l Describe the complexity of the external environment in which business operates and explain the idea of environmental uniqueness l Understand the nature of the ‘internal’ environment of business l Understand how...
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...Question 3 – Human Resource Management 2013 Exam ‘The objective of the employment relationship is to achieve a balance between efficiency, equity and voice’. Discuss. Answer Employment relationship also known as industrial relations or employment relations is a link between an employer and an employee. The International Labour Organistaion defines the employment relationship as “ a universal notion which creates a legal link between a person, called the ‘employee’ (frequently referred to as ‘the worker’ with another person, called the ‘employer’, to whom she or he provides labour or services under certain conditions in return for remunerations.” (ILO 2003:2) Another definition by the popular business website ‘Entrepreneur’ defines an employment relationship as “An agreement entered into between an employer and an employee at the time the employee is hired that outlines the exact nature of their business relationship, specifically what compensation the employee will receive in exchange for specific work performed.” The aim of human resource management is to ensure that through the employment relationship organisations should achieve competitive advantages and employees on the other hand, should receive a fair treatment in the workplace. In this light, many human resource management writers like John Budd have agreed that balancing efficiency, equity and voice should be the focus of organistions in order to have a more productive workplace. Budd (2004) cited in Marchington...
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...How To Do Business In China Now that business is becoming global, it combined the whole economic, no matter you will accept or not, any countries, corporations and individuals can not stop this trend, what we can do is change ourselves to suit the globalization. As a multinational company, develop different markets have its necessity, and market development can be helpful for the development of the company. In this report ,as the people working in this company, will analyze the differences between home country market and target country market, and help to choose the suitable market when company have willing to investing in a foreign country, the decision of the country which the company can invest in is China. In this report, will make analysis for Chinese market in economic environment, culture, marketing and human resource management, to prove its accessibility, and what risks the company will meet, then give some recommendations to escape or solve the problems. For the decision of target market, will based on its profitability and expansibility, China is a country that has the number of population as 1.3 billion, which means it has great predominance in consumption, now Chinese people’s consumption in household goods and home furnishings less 100 Yuan per capita, below the standard of world average as 200 dollars. But with the development of Chinese economic, there are 20 million people will enter the middle class per year, and with the increasing of people’s income...
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...Discuss the relationship between entrepreneurship, innovation and economic development. What role do creativity and problem solving play in this relationship? Refer to both theories and examples from the business world to support your discussion. Since last century, entrepreneurship and innovation have been heavily discussed. Entrepreneurs create new business and provide the job opportunities to society as well as promote the economic development. However, with the increasing global economic competition, normal entrepreneurship becomes less competitiveness, government committed to develop innovative entrepreneurship in recent years (Cukier, 2006). Therefore, the relationship between innovation and entrepreneurship becomes one of the most significant topics in the business field. Economists do a large number of researches to explore the connection between entrepreneurship and innovation as well as the position they related in economic development. During the process of exploring, a considerable amount of definitions are put forward by experts based on their research knowledge and the analysis of entrepreneurs developed in recent decades. This essay will list the definitions put forward by different economists, then support the ideas that innovation, entrepreneurship and economic development are deeply connected and interacted. Finally, combine with the experience of university group entrepreneurship project, attempt to explain importance role that the creativity and problem...
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...Should Government have the largest influence on Corporate Social Responsibility ? Introduction Carroll’s four responsibilities of business are economic, legal, ethical, and discretionary (Carroll, 1991). Economic responsibility is a business organization to produce goods or service to society, and creditors or shareholders can get return. Legal responsibility is defined in law by government that management is expected to follow. Ethical responsibility is organization management to obey the beliefs in a society. The last discretionary responsibility is the management of their own accord to take obligations, they do it by themselves, and not others force them to do (Carroll, 1991). Definition of Corporate Social Responsibility Corporate Social Responsibility (CSR) is defined as a business’s decisions or actions are made which take outcomes beyond the organization's economic profit into account in the decision making process (Carroll, 1991). Social responsibilities include ethical responsibilities and discretionary responsibilities. The difference between them was that less people expect a firm to perform discretionary responsibilities, while a lot of people expect a firm to perform ethical responsibilities. Discretionary responsibilities are like day-care centers, to training the hard-core unemployed and philanthropic contributions. A firm can take actions to perform its ethical responsibilities and discretionary responsibilities that society will value it but...
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...Studies in Business and Economics THE INFLUENCE OF SUPERVISORY AND PEER SUPPORT ON THE TRANSFER OF TRAINING NG KUEH Hua University Malaysia Sarawak, Malaysia Abstract: The burgeoning literature investigating the effect of supervisory support on the transfer of training is characterized by inconsistent findings. Also, to date, research examining peer support is still lacking, despite earlier studies show support emanating from co-workers has a significant influence on the transfer of training. Hence, this study attempts to rectify the inadequacies in the literature by examining the effects of supervisory and peer support on the transfer of training. Based on a cross-sectional method, quantitative data was collected from 100 employees working in one of the Malaysian state health departments, with a response rate of 48 percent. The results of multiple regression analysis revealed that supervisory support was not significantly associated with transfer of training, whereas peer support exerted a significant and positive influence on transfer of training. This study responded to the pressing calls for more studies to elucidate the relationship between social support and the transfer of training. The findings contributed to the body of literature by clarifying the nature of relationships between supervisory support, peer support and transfer of training, particularly from the Malaysian workplace perspective. Key words: Supervisory support, peer support, transfer of training ...
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...Nottingham Ningbo China Business School Academic Year 2013/14 Autumn Semester Entrepreneurship and Business Maris Farquharson Discuss the relationship between entrepreneurship, innovation and economic development. Yasong Zhao Student ID: 6511938 Word Count:1994 1. Introduction Over the past decade or so, the term entrepreneurship has become a fashionable way to describing the attempts at large-scale change by individuals and organizations. During this procedure, Innovation as the most important component of entrepreneurship is at a leading place, whereas, the combination of the two is vital to economic growth and sustainability in today’s dynamic and changing business environment. As a result, exploring the synergy relationship (either conceptual or practical) between entrepreneurship, innovation and economic development is gaining significance. They are complementary and related to each other, not at an initial stage of a new venture; rather they are dynamic and holistic processes. This integrative interaction between the three has had a positive and comprehensive impact to the whole society. Therefore, the role of sustainability is highlighted as the guidance to entrepreneurial and innovative decision making in the organisations or by individuals. This paper will first look into the relationship of the three by discussing each two of them, and then focus on the importance of sustainability from ecology, economy and social levels. 2. Relationship between entrepreneurship...
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...China’s economic growth has been notable among the countries. In terms of China’s massive demand for resources and the strength of Chinese exports, Australia could be beneficial. As a result, the business relationship between Australia and China has been consolidated during these trading years. China is the second largest export market after Japan and third largest trading partner for Australia. Alternatively Australia is the ninth largest trading partner for China, thus the bilateral trade volume is increased annually in the growth rate of 30 percent (Moens.G,2007,p.56). Rio Tinto is the one, powerful multinational mining and metal company which is operated business to greatly import its porducts to China as the 19 percentage of company’s revenue is acquired from China market in 2008 (Chen, S. 2010). After Rio was declined an offer of $US20 billion from the state owned Chinalco, the arrest and sentence of Stern Hu and his colleagues in 2009 was occured for allegations of bribery about $US14 million and stealing business secrets from state-run steel company. Consequently the China Iron and Steel Association reflected by the action of stop buying iron ore for the next two months from Brazil’s Vale, BHP Billiton and Rio Tinto (Mascitelli&Chung, 2011). As a result the trade relationship between Australian and China is collapsed in some way that Foreign Minister Stephen Smith said transparency and openness could have facilitated Australia and the international business community...
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...MBA505 INTERNATIONAL BUSINESS MANAGEMENT REV11A CHAPTER 1: ASSESSING THE ENVIRONMENT POLITICAL, ECONOMIC, LEGAL, TECHNOLOGICAL CHAPTER SYNOPSIS This chapter explains the elements of International Business Management. It gives a sound understanding of factors such as Political and Economic Environment, Legal Environment, and Technological Environment. Also, it covers the effects of Regional Trading Blocks, Information Technology, The Globalization of Human Capital, The Global Manager’s Role CHAPTER OUTLINE The Global Business Environment Regional Trading Blocks Information Technology The Globalization of Human Capital The Global Manager’s Role The Political and Economic Environment The Legal Environment The Technological Environment ISSUES FOR REVIEW AND DISCUSSION I. The Global Business Environment A. Global management Global management is the process of developing strategies, designing and operating systems, and working with people around the world to ensure sustained competitive advantage. 1. Globalism “Global competition characterized by networks that bind countries, institutions and people in an interdependent global economy.” 2. Evidence/Indicators of Globalism The growth rate of the trade of goods has grown faster than the world production of goods. The European Union has now caught up with the United States to share the position of the world’s largest investor. 2011 AMERICAN CITY UNIVERSITY Page 1 of 28 MBA505 INTERNATIONAL BUSINESS MANAGEMENT REV11A ...
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...market, compare and analyze these information, to withdraw the fluctuation tendency of global market in every production lines, production groups to build a foundation to every business strategy of international companies To investigate global market, we must study the environment of the target market, more specifically, study about every details of the region of this market. The term Business Environment is composed of two words ‘Business’ and ‘Environment’. In simple terms, the state in which a person remains busy is known as Business. The word Business in its economic sense means human activities like production, extraction or purchase or sales of goods that are performed for earning profits. On the other hand, the word ‘Environment’ refers to the aspects of surroundings. Therefore, Business Environment may be defined as a set of conditions – Social, Legal, Economical, Political or Institutional that are uncontrollable in nature and affects the functioning of organization. Business Environment has two components: 2.1 Internal environment 2.1.a. Capital: Capital has a crucial role in establishing the type of business, in the optimal use of resources in business operations, the most important conditions for the beginning, survival and development of the business. 2.1.b....
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...Corrie Sue Bettles Chapter One Business Now: Change Is the Only Constant Review Questions 1. What factors contribute to the rapid pace of change in business? Is the pace likely to accelerate or decrease over the next decade? Why? Industries, and technologies rise and the also fall sometimes. In the next decade most Industries and Technologies will accelerate with the common buying of things. 2. What role does entrepreneurship play in the economy? Who stands to gain from the success of individual entrepreneurs? How do other parties benefit? Entrepreneurship plays a somewhat big thing for the economy. The employees of the entrepreneurship are the ones that gain from the success of the individual entrepreneurs. Other parties benefit by this, is because they get to take credit of what entrepreneurs should be getting. 3. When did American business begin to concentrate on customer needs? Why? The relationship era is when American businesses begin to concentrate on customer needs. That way they could keep building up their businesses by word of mouth from the customers. 4. How do nonprofit organizations compare to businesses? What role do nonprofits play in the economy? How do they interact with businesses? Nonprofit organizations play a critical role in the economy, often working hand in hand with businesses to improve the quanity of life in our society. Nonprofit organizations are still businesses in every other sense...
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