Nobody downloaded yet

Global Business Environment Portfolio - Essay Example

Comments (0) Cite this document
Summary
PORTFOLIO 1. Investigate the change of one market: product or service over the last 5 years. You are expected to analyse how Economic and Technological factors contribute to these changes [eg sport clothes, butter, travelling, and delivery]. Travel and tourism is a major industry worldwide and contributes immensely to both, the local economy and global economy has a whole…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.8% of users find it useful
Global Business Environment Portfolio
Read TextPreview

Extract of sample "Global Business Environment Portfolio"

Download file to see previous pages It is a market that is very important for any economy and is capable of creating more jobs per million currency investments than any other market or industry. This report will investigate the various changes in the travel and tourism market in the last five years (2007-2011) and analyse how economic and technological factors have contributed to these changes. Tourism industry continued its strong growth in 2007 like the previous 3 years. 2008 started on a positive note with a 5% increase in the first half but started to decline as the graph of the number of international arrivals started moving in the negative curve. The year ended with an overall growth of only 2% in complete contrast to the 7% growth in 2007 (UNWTO, 2009). The trend continued as there as a 4.2% decline in 2009. Tourism and travel industry hit an all time low in 2009 (UNWTO, 2010). 2010 saw exceptional recovery with a 7% increase in the number of international tourist arrivals (935 million). Even though there was a speedy recovery, it was not consistent and was at varied speeds. It was the emerging economies that mainly contributed to the recover. The recovery was lower in the advanced economies and this reflected the global economic situation at the time (UNWTO, 2011). But an exception to this is the US. 2010 saw a record-setting 60 million international tourist (Office of Travel and Tourism Industries, 2010). International tourism consolidated for the losses and saw tremendous recovery. 2011 was a great year as there was healthy growth registered. There was 5% increase in international tourism in first half of 2011 this in spite of many challenges. The fact that has been very promising is that the advanced economies have grown faster than expected. The number of international arrivals was a record 440 million. European countries have done exceedingly well with strong growth even though the economic situation has been very gloomy. During the same time, as international tourism has been swinging both ways, domestic tourism saw a steady growth in majority of the markets. Source: UNWTO, IMaCS analysis There were also other important changes in the travel and tourism industry in the last five years. Internet was heavily used by users to assist in the travel plans. Following are some of the important statistics with respect to travel and technology: Search engines were used for gathering travelling information by 62% of personal travellers (Trent, 2011) Mobile devices were extensively used by business travellers (51%) (Trent, 2011) Flash sales have become very popular in the travel and tourism industry. Unexpected emails have resulted in a 25% booking of travel services (Trent, 2011) Online booking of travel destinations and services has increases tremendously (Trent, 2011). Economic factors have been a major contributor to the changes in the travel and tourism industry in the last five years. The global economic crisis has been the contributor to the decline in the growth of the travel and tourism industry in the 2008 and 2009. The various economic factors that lead to the downfall of the travel and tourism industry were the global financial crisis, fluctuations in exchange rate (massive fluctuations), credit crunch, increase in the prices of the commodities and oil prices. The consumers as well as the business had lost their confidence in the economic conditions. This affected the spending behaviours of ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Global Business Environment Portfolio Essay Example | Topics and Well Written Essays - 2000 words”, n.d.)
Global Business Environment Portfolio Essay Example | Topics and Well Written Essays - 2000 words. Retrieved from https://studentshare.org/business/1441179-global-business-environment
(Global Business Environment Portfolio Essay Example | Topics and Well Written Essays - 2000 Words)
Global Business Environment Portfolio Essay Example | Topics and Well Written Essays - 2000 Words. https://studentshare.org/business/1441179-global-business-environment.
“Global Business Environment Portfolio Essay Example | Topics and Well Written Essays - 2000 Words”, n.d. https://studentshare.org/business/1441179-global-business-environment.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Global Business Environment Portfolio

The Global Business Environment

...? Global Business Environment Inserts His/Her Inserts Grade Inserts (26, July, IntroductionToyota is the largest automobile manufacturer of the world. Toyota Corporation enjoys a global representation and is famous all over the world. The target market of Toyota is customers who have average income and want buy durable and reliable cars. Toyota caters to the demand of the medium income group people. Toyota sells its cars in a number of countries all over the world and also has manufacturing plants in many countries. The environment in which Toyota operates is becoming extremely tough every day. All businesses are facing problems today due...
10 Pages(2500 words)Essay

Global Business Environment

...? Global Business Environment Global Business Environment Why do African workers suffer from cheap Chineseproducts? African workers in have been suffering significantly due to cheap Chinese products being imported into their countries. For instance, in South Africa textile industry, there are cheap Chinese imports imposing a threat in their local industry, whereby there are claims that approximately seventy five thousand workers have lost their job since 2002 (Esterhuizen, 2012, 1). On the other hand, this has led to deterioration of business between South Africa and Sub-Saharan Africa, whereby this has led to a loss of nine hundred million dollars. Nevertheless, all problems are being blamed upon the increasing number of imports... pay...
3 Pages(750 words)Coursework

Global Business Environment

... Globalisation & Inequality of Income both Within and Between Countries Number Department Introduction There are many thoughts on globalisation, with some arguing in its favour, while others gainsay it. Those who gainsay globalisation, argue, not to the effect that it does not exist, but on the account that its advent and facets have only perpetuated inequality of income both within and between countries. In itself, globalisation can be qualified as the decoupling of space and time through the provisions of information and technology [IT], so that there is less emphases on the importance of geopolitical boundaries. Faster travel, instant communication and faster transportation of goods and services. The drivers of communication... Globalisatio...
6 Pages(1500 words)Essay

Global Environment of Business

...to the rising inflation and cost of living rates that are found in the U.S. It also seems that Matthew is being a little foreboding in the need to change the business model as the company has the global business model in its grasp, but, needs to have a new refinement of the model. As with the PARC model, the proposal from Matthew does not address the People/Staffing aspect with respect to global coordination. It is important to look at training and staffing to support global coordination. It is also important to look into hiring staff to support local responsiveness and this is needed in order to support the mix global coordination...
24 Pages(6000 words)Essay

Global business environment

...and Practices across Government, Law and Business, London, Edward Elgar Publishing. pp. 12-30. Jenkins, R. (2005). Globalization, Corporate Social Responsibility and Poverty . International Affairs 81(3).pp. 525-40. Kreng, V. B. & May-Yao, H. (2011). Corporate Social Responsibility: Consumer Behavior, Corporate Strategy, and Public PolicySocial Behavior and Personality. An International Journal 39 (4). pp. 529-41. Maloni, M. J. & Michael, E. B. (2006). Corporate Social Responsibility in the Supply Chain: An Application in the Food Industry. Journal of Business Ethics 68(1).pp. 35-52. McWilliams, A., & Donald, S. (2000). Corporate Social Responsibility and Financial Performance:...
8 Pages(2000 words)Essay

Global Business Environment

...Global Business Environment Contents Contents 2 Introduction 3 Discussion 3 Conclusion 5 References 7 Introduction Today’s’ globalised world is fullof uncertainties. Every country is connected with each other and any recession in one country can have adverse effect on other country. This is mainly due to international trade which happens across international border. For example in Euro zone crisis, the entire world got affected and it resulted in severe recession in many countries in Europe. The effect was felt in far away countries like Brazil, India etc. Thus it is important for any country to adopt measures in time so that it can prevent such incidents from repeating again in their...
4 Pages(1000 words)Assignment

Global Business Environment

...GLOBAL WARMING AND ITS EFFECTS ON GOVERNMENT AND BUSINESS PRACTISES Currently, there havebeen many changes in the environment as a result of man’s activities, the global temperatures have risen steadily with many parts of the world experiencing desertification. Many satellite images including research from ecological experts have illustrated that sea levels have risen sharply (Tisseuil et al 2013, p. 70), with future expectation of much similar activity. Global warming can simply be described as general increase in temperatures in the atmosphere. It is estimated that since early 20th Century there has been a general increase in surface temperature by...
5 Pages(1250 words)Assignment

Global Business Environment

...Global Business Environment and Ethical Conduct– Coca Cola, PepsiCo and Nestle Global Business Environment and Ethical Conduct – Coca Cola, PepsiCo and Nestle Coca-Cola, products/ services & Code of ethical conduct Coca-Cola is the most powerful firm in the beverage industry worldwide. The firm’s brands, about 500 in total, are available in more than 200 countries (Coca-Cola, Organizational Website, Our Company). Coca-Cola’s presence in the market is estimated to 128 years and has been characterized by strong growth; in 2012 the company’s net income reached the $9 billion (Coca-Cola, Organizational Website, Our Company). The products of...
6 Pages(1500 words)Term Paper

Global business environment

...Part 2 Executive Summary Global business environment has become highly competitive as several leading organizations around the globe are trying to capitalize on the potential business operation opportunities that have been developed due to globalization and technological advancement. Slate tablet is a newly developed organization going to compete in the global consumer tablet industry. The organization is trying to adopt and implement cost leadership business level strategy in business operation process in order to support the affected purchasing power of the consumers. The organization should try to...
12 Pages(3000 words)Term Paper

GLOBAL BUSINESS ENVIRONMENT

...GLOBAL BUSINESS ENVIRONMENT By Location Introduction In the last few years, the economies across the world have undergone major transformations. Some of the clear dimensions that have been altered include the diminishing role of the government, increased role of the market, risen economic transactions between different countries, and the growth of the domestic and international financial transactions(Epstein, 2005, p. 19). Ideally, these changes in the landscape have been characterized by the rise of globalization, neoliberalism, and financialization. Financialization has deeply affected most Western countries and paved way for the daunting era of a financial crisis....
10 Pages(2500 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Global Business Environment Portfolio for FREE!

Contact Us