Tasks 01 Legal Structure of Business Organization: A business Organization may have three legal option or structure, they are: Sole Trader: A person who runs unincorporated business on his or her own. Sometimes it is known as "sole proprietor" or "sole practitioner". Partnership: A partnership is an association of two or more people formed for the purpose of carrying on a business. Partnerships are governed by the Partnership Act (1890). Incorporated Company: Incorporating business actions into
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Being local in a major market affords opportunity for growth | Global furniture stores | Try to target the global market for globalization | Economic | Can grow economically because of the customer base | The cost in some states like NY is expensive | Getting located in NY provides growth opportunity | Loses because of not being currently in NY | Gain economic plans encouraging growth | Innovation | Encourage morale | The marketing strategy not being innovative enough | Being located locally allow
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analyze the internal and external environment. Understanding the environment of the company will help the company understand its strengths and weaknesses. The internal environment involves within the company and how it managed. The internal environment includes the employees, store operations, and responsibilities. The external environment is how the company operates is affected by the outside environment. A summary of the Kudler’s internal and external environment will be analyzed to help the company
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information assets in an organization which guides current operations and is a blueprint for future direction c) Discuss the business pressures that characterize the modern global business environment. The business environment is the combination of social, legal, economic, physical, and political factors that affect business activities. 3 types of business pressures: 1. Market Pressures. Generated by: - global economy and strong competition - the changing nature of the workforce
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Introduction to PEST Analysis (external environment) PEST analysis is concerned with the environmental influences on a business. The acronym stands for the Political, Economic, Social and Technological issues that could affect the strategic development of a business. Identifying PEST influences is a useful way of summarising the external environment in which a business operates. However, it must be followed up by consideration of how a business should respond to these influences. Political
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Business Ethics and Corporate Strategy Ethical Issue Paper Travis G. Stoufer Business Ethics-BUS 323 Janet Evelyn-Dorsey January 29, 2010 Abstract A paper presented on the growing issues of business ethics and the decisions consumers and producers make when moral and ethical responsibilities are in question. Paper presents tools for consideration for tomorrow’s leaders and gives a general overview of strategies corporations take to limit legal responsibility in ethical matters
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BUSINESS ETHICS AND CSR IN THE CONTEXT OF SAMSUNG ELECTRONICS 1.0 Introduction In the 21st century of business, there are number of factors apart from the financial figures that play a vital role for the success story of the business corporations. These factors include the culture adopted by the business, philosophy of the management of the company, code of ethics and standards followed by business. The presence of all of these factors in the business’s ethical guidelines has a significant
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show that most changes are the result of factors in the external environment, particularly the far environment. In this report, I will briefly talk about one of the largest transportation company in Kuwait “The Transport and Warehousing Group Co. (TWG) – Citybus, and this is followed by a brief analysis of the main groups of external factors through the six headings of Political, Economical, Social, Technological, Environmental and Legal Factors (PESTEL). Finally, I will identify five of the important
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Corporate Social Responsibility practices in India * Vivek Srivastava **Shashank ***Shivdeep Singh Introduction: - Today, businesses are expected to extend their attention beyond stockholders, customers and employees to include other stakeholders such as the community and environment. The concept of corporate social responsibility (CSR) emerged expectations and consists of transparent organizational management; careful consideration of the global environment, human rights, employment and in
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ROLE OF HUMAN RESOURCE (HR) FOR CORPORATE SOCIAL RESPONSIBILITY (CSR). Ms. Suhas Diwate Suhas_diwate7@rediffmail.com Name of Author/Co-Author: Suhas B. Diwate Institutional Affiliations: Asst. Professor (HRM- Department of Management Studies), Bapurao Deshmukh College of Engineering, Sewagram Correspondence Address: Suhas B. Diwate C/o B.M. Diwate, Gajanan Nagar. Near Z.P. Colony. Wardha-442001 ( Maharashtra) Contact Details: • E-mail
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