Nobody downloaded yet

Governing Business Activity - Essay Example

Comments (0) Cite this document
Governing Business Activity Name: Instructor: Task: Date: Governing Business Activity Competitiveness is a critical aspect of corporate management. Consequently, it is imperative for managers to evaluate the competitiveness of an entity. Competitiveness entails the ability of a business to offer output, which meets both internal and global standards…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93% of users find it useful
Governing Business Activity
Read TextPreview

Extract of sample "Governing Business Activity"

Download file to see previous pages Therefore, organizations must ensure that they have a competitive edge that will guarantee prosperity of the firm. Notably, competitiveness varies with certain factors. First, the industry in which the entities operate. Secondly, the size of the firm affects competitiveness significantly. Evidently, these factors have significant implications on competiveness. This write–up will discuss competitiveness in relation to the size of the entity. This write-up will also relate competitiveness to adaptation of large or small organizations to changes in the business environment (Harry & Normand 1996, p. 122). Competitiveness encompasses the ability of an entity to manage factors such as government, suppliers, rivals and customers. Suppliers provide an entity with inputs required to create products. Therefore, an entity should manage suppliers to ensure that costs do not spiral out of control thus, reducing an entity’s profitability. The government affects an entity’s competitive edge by the policies it enacts (Pfeffer 1995, p. 234). Higher taxation reduces competitiveness. Conversely, tax cuts increases competitive edge since they entity can offer its clients products at reduced prices. Rivals are other partakers in the sector that are in direct competition with an entity for clientele or any other factor that is central to the undertakings of an organization e.g. raw materials. Therefore, rivalry reduces competitive edge since some competitors may opt for price cutting strategy to eliminate competition. This is a strategy utilized by large monopolistic entities, which seek dominance. The above factors influence competitiveness immensely as revealed above. However, their impact on competitiveness varies owing to the size of an entity (Pfeffer 1995, p. 231). A large firm has massive resources. As such, the entity has an enormous bargaining power, large market segment, and it operates on a massive scale. The above factors contribute significantly to the competitiveness of an entity. A large entity has the resources to undertake a far-reaching marketing. This will enhance its chances of boosting its sales. In contrast, a small organization does not have the resources to fund such campaigns. This reduces the chances of such an entity boosting its sales. An entity requires input to create its merchandise. Acquiring such inputs is tricky for smaller firms. Suppliers prefer large-scale purchasers. Consequently, large firms receive discounts form supplier decreasing their overheads. Contrary, small firm incur the full cost of their purchases. This means they do not benefit from discounts from supplier. The suppliers also treat large-scale purchasers in preference. If a shortage emerges, the smaller organizations will not receive any inputs. Large firms operate on a colossal scale allowing the entities to capitalize on economies of scale. Consequently, such entities incur minimum cost per unit product (Pfeffer 1995, p. 123). This allows such entities to offer reduced prices since they incur minimal costs. However, smaller firms incur higher costs per product. This reduces the ability of such to offer reduced prices. This decreases the competitiveness of smaller firms. In the analysis of the competitive edge, it is essential to evaluate the competitive advantage of firms based on innovation. A large firm has the means to invest in research. The research will contribute ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Governing Business Activity Essay Example | Topics and Well Written Essays - 1500 words”, n.d.)
Governing Business Activity Essay Example | Topics and Well Written Essays - 1500 words. Retrieved from
(Governing Business Activity Essay Example | Topics and Well Written Essays - 1500 Words)
Governing Business Activity Essay Example | Topics and Well Written Essays - 1500 Words.
“Governing Business Activity Essay Example | Topics and Well Written Essays - 1500 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Governing Business Activity

Governing Global Business

...village of people where the flow of ideas would be free and the cultural exchange between people would be more liberal (Smith, 1980, p. 119). There are several facets of the process of globalisation. First of all it means the liberalisation of the foreign policies of the state. Along with this it includes the privatisation of the government enterprises and investments in projects across the barriers of nationality (Waters, 1995, p. 11). The phenomenon would also include the easy mobility of the employable people and exchange of business ideas. But the idea chiefly includes mainly communication across cross country borders. The advent of Globalisation was seen mostly towards the fag end of the twentieth...
7 Pages(1750 words)Essay

Governing global business

... to have negatively affected many economies that have been struggling to get back to an economic on-toe. Many state economies are affected by the poverty levels, which demand the implementation of strategic economic policies. Poverty reduction strategies must be employed in order to facilitate sustainable poverty reduction indices, which are raised by economic growth. Economic growth requires policy frameworks to be able to counter the unpredictable global economy. The responsibility of economic policy in the developing states or countries is rested upon the respective governments, with critical international trade relations playing vital roles in the development and sustenance of international trade, and the global trade at large... . The...
7 Pages(1750 words)Essay

Governing the Uk

...justice to embark on sensible nature of spending periods of time seated on lower courts. The House of Lords also known as the Upper House is the second chamber of parliament. The Upper House does not have equal powers as the Commons, but it holds the authority to review and pore over legislations and government activities (Ballinger 12). Its broad expertise and liberated minds plays a great role in checking the powers of executive, but is likely to exercise its powers by questioning ministers to rethink once than to reject the whole points of legislation. Based on this, some critics argue that: if one holds the power to aid in deciding how United Kingdom Is governed, the he or she is...
5 Pages(1250 words)Essay

Governing global business the emergence of the trans-national corporations and multinational business ventures as the major players in the international stage. Since these corporations have high economic capabilities, they tend to override their ability and operations to influence or manipulate political and economic policies of nations and as a result, their activities have a profound effect on the world environment, development of countries and the lifestyle of citizens. Through mergers and acquisitions, corporations have increased to cross border businesses. The increase of rapidly growing individual corporations has also played a role in the exposure of deficient government legal systems...
8 Pages(2000 words)Article

Ethics Governing Cyber Laws

...level. Although no one can impose their values on another, it is possible to legislate consequences for violations of ethical and acceptable activity. Legislation, such as those listed by the Internet Society, can be put into place and enforced by governing bodies. Proper usage of the internet begins with educating users. Schools have the best forum for providing educational opportunities. Internet safety, security, and ethical behavior should be taught and reinforced throughout a child's educational experience. A code of conduct for internet activity can be drafted for each educational stage children go through. Computer ethics can be added to their curriculum. Internet service...
12 Pages(3000 words)Essay

Governing business activity

...of a smaller firm could be profit maximization alone. Larger firms on the other hand, are owned by the shareholders but managed by "business managers" who are in charge of all key decision making within the company. Thus, as compared to smaller firms, the larger firms may deviate from the conventional profit maximization objective, to pursue other equally important goals such as sustainable development, improving quality of their products, environmental protection etc. which are in the larger interest of the society as a whole. However, such goals are merely short term objectives, as objectives other than profit maximization may serve the community at large, but it does not help the firm in sustaining its competitive...
6 Pages(1500 words)Essay

Governing Business Activity in the rural areas. The Indian government has introduced several plans to motivate people to set up small business. In India, small business operates mainly in industries like food, paper, rubber, leather, textile, gold, etc. In China too small businesses play an important role in the economy. One of the most important features of Chinese economy is the low cost of production due to low labour cost. Therefore, China is a very attractive location for small businesses. Nowadays, China is developing itself to become an IT hub in future. Once they develop the necessary quality resources, China might develop itself as an IT hub. Major companies across...
6 Pages(1500 words)Essay

Governing Global Business

...Content ……………………………………………………………………………………..2 Executive summary……………………………………………………………………………2 Overall economic characteristic of North Africa…………...…………………………………2 Transnational companies in the modern world………………………………………………..4 Conclusions Governing Global Business Abstract The problem of a role of transnational companies is going to be considered in this paper. Their influence in the world’s economy and national economy of countries of North Africa will be analyzed. The main task is to define the future of such companies in the global economy. Taking into account this goal, the paper is going to have the following structure: executive summary, overall economic characteristic of North Africa, transnational...
8 Pages(2000 words)Essay


...Advertising Packaging Convenience for purpose Location Store décor/environment Customer service Return policy Credit availability After sale services Other Assessment activity 4 4.1. The report, “Best Practice in Risk Management, a function comes of age” by Economist Intelligence Unit, 4.12.2014, carried out a survey on risk management practices. The aim of the survey was to find out how companies handle their risk management strategies as they strive to keep up with the emerging trends in the economy. The report tackled multiple subjects such as how internal and external factors in a business influence risk management. The need to create a figurehead who will undertake risk management roles is...
10 Pages(2500 words)Essay

Governing carbon

...Your full June 7, Governing Carbon According to federal regulators, corrosion had troubled away nearly half of the metal wall of a pipeline (CNN). It conked out, and dropped up to 101,000 gallons of crude oil along the Santa Barbara coast last month. Rick McMichael of Plains All American Pipeline asserts that the underground oil pipeline was running 1,300 barrels an hour, below its maximum capacity of 2,000 barrels an hour (CNN). Moreover, McMichael states that line 901 were not operating at competence previous to or throughout the handout (CNN). In the intervening time the federal agency confirmed that Plains All American Pipeline is one of the worst violators listed by the U.S. Pipeline and Hazardous Materials...
4 Pages(1000 words)Essay
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 Governing Business Activity for FREE!

Contact Us