Essay on Global Business Environmental Forces

Words: 5637
Pages: 23
Open Document
Global Business Environment Issues:
Economic and Socio-economic Factors

Table of Contents

ACKNOWLEDGEMENT 2 EXECUTIVE SUMMARY 4 GLOBAL BUSINESS ENVIRONMENT FORCES 5 ECONOMIC AND SOCIO-ECONOMIC FORCES 7 LEVELS OF ECONOMIC DEVELOPMENT 9 ECONOMIC DIMENSIONS 13 SOCIO-ECONOMIC DIMENSIONS 22 CONCLUSION 24 BIBLIOGRAPHY 25

EXECUTIVE SUMMARY

This report analyzes the practical implication and analysis of some of the important aspects of Organizational Behavior in two organizations - Buddha Air and Yeti Airlines and presents some recommendations on motivation, use of technology and other aspects. The analysis and interpretation of the report is solely based on the small survey, …show more content…
Many economic policies together may make upheavals in many societies. Again, there are many societies where social values, beliefs and philosophies lead to considerable alterations of the economic system of the society. Moreover, there are many societies, where the impact of the economic and socioeconomic forces has been immense with all their effects on the society on the whole. Hence, the impacts of these forces are variable and are controlled by numbers of additional factors. Below there is discussion on the economic and social forces that lead to changes in the societies.
Economic forces correspond to the nature and course of the economy within which the business operates. Economic factors always have their tremendous impacts on the business for organizations. The common state of the economy for instance, depression, recovery, or prosperity, recession, interest rate, stage of the economic cycle, fiscal policy, balance of payments, monetary policy, are some of the key variables in corporate employments, investment, and the pricing decisions.
The effect of growth or turn down in GNP or the gross national product and increases or decreases in the interest rates, inflation, and the price of the dollar are held as the prime instances of considerable impact on the business operations.
In order to evaluate the local situation, an organization may seek information relating to the
Show More

Related Documents: Essay on Global Business Environmental Forces

strategy management 2 companies4 Essay

one discusses the firm's external opportunities and threats. The fourth question discusses the firm's internal strengths and weaknesses. Question number 5 is based analyses, and revises the firm's mission, objectives, and discusses corporate and business strategies that are recommended to achieve the firm's mission and objectives. The last question outlines the specific actions needed for implementation of chosen strategies. American Airlines Group American Airlines Group 's apparent…

Words 2568 - Pages 11

Essay on Mister: Strategic Management and Swot Analysis

Tools to Review and Analyse International Business The tools used will be analysed as per the APIC notes (APIC 2013) and are broadly defined under the following headings. This review will focus on these topics and attempt to expand and examine these knowledge areas. Blue Sky Thinking Blue Sky thinking is defined in the notes as a condition with not a cloud in sight, endless opportunity and unlimited potential (APIC 2013) The idea is formulated and developed in a perfect world and then…

Words 2742 - Pages 11

China’s Upcoming Economic Transformation and Its Business Opportunities Essay

BUS1801 - Global Business Perspectives 01 December 2013 International Business Paper China’s Upcoming Economic Transformation and Its Business Opportunities INTRODUCTION In the world of global business the only thing constant is Change. Changes can come in many forms, some are market driven some are policies driven. Whatever the cause may be, certain changes be profoundly impactful; business leaders need to adapt and prepare their businesses to maximize profits in the future. This paper…

Words 982 - Pages 4

Essay about Marketing Micro and Macro Environmental Factors

Macro and micro environments both fall into the categories of environmental scanning. The general scope of environmental scanning is that it is a component of global environmental analysis. While analyses are typically carried out on the macro environment, the micro environment still has an important role to play. In summary, the macro environment is involved with the industries, companies, markets, clients and competitors, while the micro environment can be represented by the suppliers, competitors…

Words 1694 - Pages 7

External forces and Trends 1 Essay

External forces and Trends Strengths Weaknesses Opportunities Threats Legal and Regulatory Apple Inc. wallet division will be able to contact local businesspeople in the host countries and gain their cooperation and sponsorship. Changes in laws having an effect on product being highly regulated. Apple wallet able to penetrate the global market because of past product success. Apple adheres to laws and regulations conducting business globally. Legal questions concerning ethics and the backlash of…

Words 555 - Pages 3

Essay about Week 8 Asgn 2

Challenges in the Global Business Environment Abstract This research paper will provide an in-depth look into the Hershey’s organization and the challenges it faces in the global business environment. Ongoing challenges within the global business environment are often attributed to unethical business practices, the failure to embrace technology advancements, and tough competition among businesses. Hershey’s code of ethical conduct will be addressed, as well as compared and contrasted with two…

Words 1770 - Pages 8

Marketing: Marketing and Kraft Foods Essay

organization and the outside world. There are many people, groups, elements and forces that have the power to influence directly and indirectly, the way in which organization conducts its business. The organizational environment includes both the immediate operating environment and the broader issues that affect business in the long term. They are however, the marketing environment which consists of the actors and forces that affect a company’s capability to operate effectively in providing products…

Words 2611 - Pages 11

PESTEL Analysis Essay

TOPICS IN MARKETING MANAGEMENT CODE: CMK 424 Selling goods in the global marketing is extremely challenging. Discuss the major political, economic, socio-cultural, technological, legal and ecological challenges that a global marketing manager may have to contend with? The following analysis known as the PESTEL analysis is a framework used to scan the organization’s external macro environment which refers to forces that are part of the larger society and affect the micro environment.…

Words 976 - Pages 4

International Business Environment Challenges and Changes Essay

Management Sci. International Business Environment: Challenges and Changes Gupta Abhishek Administrative-cum-Accounts Officer & Head of Office, Sardar Swaran Singh National Institute of Renewable Energy Ministry of New and Renewable Energy, Govt. of India, Wadala Kalan, Kapurthala, Punjab, INDIA Available online at: www.isca.in, www.isca.me Received 3rd July 2013, revised 25th August 2013, accepted 26th October 2013 Abstract In the twenty first century, Business Environment is becoming more complex…

Words 4229 - Pages 17

Sustainability for Business Growth Essay

ethical concerns globally. Global issues that involve improper treatment of employees, damage to the environment and producing faulty equipment, which can cause a danger and or inconveniences to employees, however, the most relevant to customers. Take, for example, Toyota’s recall on the cars for faulty acceleration (The Center for Auto Safety), The media then reinforce all of these concerns mentioned above. Some governmental countries have increased their environmental and social regulations and…

Words 1031 - Pages 5