The researcher of this paper will attempt to detail some of the more important drivers of the various aspects of the EU business environment which have a bearing on the operations of all sportswear and footwear manufacturers operating in Europe. …
Download file to see previous pages...
According to the study conducted there are several types of environmental audit which companies may carry out, according to the ERM. These span anywhere from a compliance audit (which checks company practice and policy against prevailing legislation) to product or life cycle audit (which determines impact of a product through its stages various stages of development from design to disposal), A business environmental audit is taken to measure up a firm’s internal policies and practices with the mandatory regulations and standards it is expected to meet within the external business environment. This approach, derived from the concept of environmental audit emphasizing detailed policy specification, and that definition of the economic environment of a firm. The business environmental audit therefore expands beyond the ecological scope of the conventional environmental audit, and pursues the broader approach of encompassing the totality of the chosen firm’s business environment. The principal participants in the footwear and sportswear industry, though based in developed countries (Adidas in Germany), all subcontract their manufacturing in emerging third-world countries such as China, the Philippines, Thailand, or Indonesia due to the lower cost of labour. The political conditions in these countries are therefore critical to the risk assessment of the business as they have a strong bearing on the continuity of the production function. In the EU, while national politics may likewise introduce destabilizing factors, the presence of a single market and a single legal framework has reduced much of the uncertainty, thus compliance with the EU standards means that the firm may viably operate in the jurisdiction of all the EU member states, minimizing national political uncertainties. Economic Many of the EU countries are emerging from the economic recession that resulted from the U.S. subprime mortgage crisis. Some are faster than others; for instance, of the principal EU markets, Germany and France are poised to emerge faster than the U.K. The present financial weakness in the less economically stable members (Greece, Spain, etc.) may provide shocks to the single market system, however, since a likely devaluation of the euro will create instabilities in even the stronger economies. In the EU, the three countries with the largest clothing markets in terms of consumer expenditure on outerwear are Germany, the UK and Austria (Gherzi, 2010:110) One policy observed in the EU which was actually conceived as part of the World Trade Organisation (WTO) regulations, are the anti-dumping measures. These require exporters to set product prices at a level that fairly exceeds the cost of production, and not to sell the same product domestically at materially higher prices. Socio-Cultural As a result of the mobilisation of consumer organisations, the buying public in many EU countries have become conscious of the need to compel businesses, particularly multinationals, to observe ethical trading practices. Because of the increased vigilance by consumers and the threat to boycott companies that benefit from unethical practice (even though unknowingly), several codes of conduct have been developed by importers. Sometimes, concerted action leads to government rules, such as the SA 8000 (Social Accountability), to which all European firms and their offshore subsidiaries, suppliers and subcontractors must comply (Gherzi, 2010:138). One of the more important concerns raised by consumer groups are that children are likely
...Download file to see next pagesRead More
Cite this document
(“EU Business Environmental Audit: Adidas Group Assignment”, n.d.)
Retrieved from https://studentshare.org/business/1395766-eu-business-environmental-audit-adidas-group
(EU Business Environmental Audit: Adidas Group Assignment)
“EU Business Environmental Audit: Adidas Group Assignment”, n.d. https://studentshare.org/business/1395766-eu-business-environmental-audit-adidas-group.
The business aviation community (International Business 2011) is concerned with the environment and has taken up the measures in order to reduce the environmental dilapidation attributed by the business aviation aircraft operations (GAMA 2010). Aviation sector contributes (2-3%) of the total carbon emissions in the world. Business Aviation contributes (1-1.5%) of the total aviation carbon emissions (2-3%).
This paper is focused upon the entrance and establishment of Tesco store Ltd in the Jordanian market. It would elaborate over the retail market of Jordan and conduct an environmental audit for Tesco as it aims to enter the Jordanian retail market. Moreover it would analyze the major competitors that the company would be faced with when entering the new market.
Given the market leadership position possessed by McDonald’s, the company had the influence with which to affect market behavior regarding environmental issues. Therefore when EDF successfully completed the project, it meant that there would be a market-wide effect on the knowledge base about solving environmental problems.
Xerox contaminated a groundwater supply in Webster, New York, and decided to become excellent corporate citizens. Public pressure for good environmental governance had increased at the time of the leaky tank incident, driving such initiatives as resource management and contamination controls.
With the progress in information technology, the concept of geographical barriers is not limiting businesses as they are reaching newer markets in terms of region and consumer base. With the rigorous business processes, it is imperative for companies to be aware of the maintenance and sustainability of the environment as well.
The author states that the organizational structure of Tata group is rather complicated, due to its expansion abroad and company affiliates dealing in a particular industry. Nevertheless, the structure has remained quite the same on the top ranks of the company, since the centralization strategy brought about by Ratan Tata.
The company possesses a management team that skillfully uses the company’s resources to build a competitive advantage. They have a good corporate strategy in different places such as North America and markets in the overseas. Their products are diverse and come in
According to the Public Company Accounting Oversight Board’s (2015) findings, the reasonable assurance is obtained by an auditor by reducing the audit risk to an appropriately low level. The auditor achieves this by
According to the report certain tools for analyzing the external environment have been devised and are widely being used by big businesses to understand and respond to changes in the external environment. Comcast is a firm in two industries majorly; Telecommunications and mass media. PEST is an acronym some environmental aspects.
5 Pages(1250 words)Assignment
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Assignment on topic EU Business Environmental Audit: Adidas Group for FREE!