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PESTEL analysis is a business measurement tool. PESTEL is an acronym for “political, economic, social, technological, environmental and legal factors". However, later, analysts decided to extend it and include the last two factors as well, giving rise to PESTEL. A PESTEL analysis essentially measures a market.
A distinguishing element that allows BA with marketing to utilize different scopes is Business Intelligence. As I conducted more research in this realm, I realized that my degree with my specialization will be the best fit for BI. Business Intelligence is one of the most prominent fields as Information Technology emerges in the 21st century.
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He not only tells us what the leading industrialists do to attain success but also gives us an insight as to why they do so. Thus, these insights can be more readily applied to any developing business firm to achieve the desired level of success. Times also agrees with Economist calling the book “interesting” that is not so in many business literatures.
It is regularly seen to extend past legislative obligations. In most cases, business organizations do it on voluntary basis since they feel it is part of their responsibility to ensure that the interest of the employees, their families, and the entire society is well-taken-care-of (Sims, 2003, p. 78).
The concept of social responsibility is of significance for business organizations, as the objective of every business is to promote and make improvements in the community by improving their image in the society. The paper also identifies the responsibility that a business organization possesses even if they are not directly linked with the issues witnessed in society.
Prices of inputs rise for the firms hence increasing their costs of production. This reflects into the prices which they charge from the consumers. The consumers are finally faced with high prices which puts a negative impact on their disposable income. Besides this, fuel prices also affect the household’s buying patterns as the consumers’ transportation expenses are directly linked with gasoline prices.
One of the fundamental advantages that would accrue for Green Books plc is the fact that in respect of share capital there has been strict control that has been placed by the Companies Act 2006 contrary to loan capital which has been controlled in a very minimal way by legislation and the majority of loan capital issue are decided upon the principles laid down in the contract or in other words by the mechanisms of contract law.
However, it is the multinational businesses with their origins in North America and Europe that have been the cause of much contention. This is mostly due to the fact that majoring of the labor practices in contention are allowed outside North America and Europe, or are entertained by crooked of authoritarian political administrations.
There have been unjust exploitation of workers in developing countries by multinational corporations and their suppliers. There were allegations of “sweatshops” and exploitative labor practices; especially in the manufacturing and distribution systems of retailers. This attracted increasing attention from public pension funds, religious investors, mutual funds, educational institutions, and individuals.
In order to understand the relationship between Nokia and its environment particularly with its target market and competitors, the perspective about population ecology is very meaningful in its case. The first reason is the fact that Nokia is a remarkable company that is tested by time and one of the fittest to survive in the long race of competition in its industry.
While the MNCs would like to conduct their business in the host country by adapting the global business standards, the home countries have a preference for standards established domestically. This often brings conflict when MNCs establish their businesses in new regions.
Stake holder’s approach invariably presents contrasting views of whether a corporation's responsibility is primarily to deliver profits to the stockholders/owners. This approach shows how the company’s standard operating procedures affect stakeholders within the company (employees, managers, stockholders) and immediately beyond the company.
Ethical codes of conduct are crucial for the success of any business. Many businesses today are facing a lot of issues in their operations. One of the most common issues is whistle-blowing. Ethical theories provide an analysis of the morality of whistleblowing. The duty to blow the whistle needs to come from the principle of not causing harm.
The merger ultimately took place after the necessary shareholder and regulatory approvals were made. Daimler and Chrysler announced the merger as DaimlerChrysler (DCX) in January 1999. Tellingly, Bob Eaton announced that he would be leaving in the following six months. Tom Stallkamp was left to manage the US part of DaimlerChrysler.
Being entrepreneurial does not mean that the company should seek to deceive its customers. Even though deception may be a part of the business for many entrepreneurs, good business practices and keeping the repute of the company become requirements for the entrepreneur to maintain a positive image and maintain business ethics.
Among the issues raised by this condition are: 1) how to provide protection for employees through a legal framework that assumes a single employer; 2) the power and relevance of organizational commitment as a goal within the relationship; 3) the applicability of the universal best practice approaches to employee management;
While not placed in administration, Enron’s Wessex Water utility unit in Britain was part of the fire sale resulting from the bankruptcy. It was sold to YTL Power, a Malaysian energy group, for $1.8 billion. The bid triumphed over a competing offer from a consortium led by Royal Bank of Scotland and Abbey National.
The choice of Dubai is prettty ideal in that it is currently well known for its fast pace in terms of development and advancement in all aspects of life with special emphasis on business, sports, industry and construction areas. The city is rated number one within the region in terms of economical growth.
Various authors have defined the term strategy in various ways. According to Vijeon & Dan “Strategy is the management of the interface between the activities of the organization and the changing environment in which it operates. This process involves too much uncertainty, novel situations and lack of firm information to be automated. (Viljeon & Dann 2003, p.68)”.
Our country has enough stock of coal in order to meet our power requirement for another 300 more years. We cannot avoid any energy source since each country is facing an energy deficit. So we have to utilize that coal stock along with improved technology to reduce environmental pollutions. In order to reduce environmental pollution, we have to implement new technologies.
It is strategic when the resources of the organization are efficiently and effectively utilized and maximized towards the achievement of organizational goals. Several instances in the case studies have exemplified strategic moves made by decision-makers which enabled specific companies to rise beyond barriers.
The “driving forces and key issues” element compel a corporation to consider what is driving their particular socially responsible procurement strategy. It must take into consideration the values of the community, the internal values of the corporation itself, and the way to manage risk within the organization. (CIPS Australia at 10).
The recession is a time when the global business is shutting its operations and is looking for desperate cost-cutting measures. The business sphere has become limited and most of the functions are based on satisfying the existing customers. This troubled time offers a big opportunity for entrepreneurs to start something new.
The Universum group of the company will be focused on the term employer in branding which defined as “Strategies designed by employers to attract the best talent from the market” and more specifically the topmost talent from the market. According to the company, employer branding is become the most powerful management tool in recent years to attract talent.
This explains why the company handles its management into what can be termed as two quarters; those branches that are based in the United Kingdom, and those in other countries other than the UK. In the financial report of the company, it is always indicated as UK and international. To emphasize the vastness of the company, we have to recognize that it operates in 43 countries with about 387 stores across the world.
A middle-sized Starbucks outlet employees over 35 staff members who contribute to the effective running of the organization. The management has prized the significance of a talented workforce. The company has established a “service strategy” which works to provide the customers with a great experience with as much on the sociability of staff.
The corporate governance law deals with the London stock exchange in an efficient manner to guarantee rapport among the clients. The LSE is among the leading stock exchanges in the world and is a vigor part of the UK finance market. The LSE provides to make certain that organized markets are intact with the rules.
Patent is a legal document granted by the government giving an inventor the exclusive right to make, use, and sell an invention for a specified number of years. Patents are also available for significant improvements on previously invented items. Patents encourage inventors in protecting their rights.
The product launched by IMMO Tech is called ‘The Shocker Smartphone’. It has all the features that a high-end smartphone should have. It has wireless email, Organiser applications, messaging, etc. It also has entertainment options like a media player, video recorder, 12.0-megapixel camera and games.
The NHS Direct initiative was regarded as a national ‘brand’ that contributed to the development of NHS. It broadly encompassed setting up of call centers with trained nurses. The objective was to provide people with help and advice on health-related problems and queries over the telephones and online.
Milton Friedman’s statement holds true for the business as a whole but the manner in which he has explained the statement suggests that business has to do a lot of social service work apart from the usual profit-earning exercises that it usually undertakes on a consistent basis. Because of this, the aspect of Corporate Social Responsibility has come about in the fold.
The development of small enterprises in Europe as well as in the international market has been radical the last years. The need of people in order to be involved in autonomous efforts within the commercial market has been regarded as the main reason for the increase in the percentage of small businesses around the world.
The fast-food industry is based on the Taylorist the Taylorist principles of mass production where the work is routinized, dull, and standardized. It is low skilled, low paid, and offers few career opportunities. McDonald's has often been the target of anti-globalization protesters. At the end of 2003, it employed more than 1.6 million people and is considered to be America’s largest job training program.
The NAFTA concepts and the application of matching the culture through leadership, management and the infrastructure of the corporation have all created a competitive edge to Walmart. More importantly, it has changed the socio-economic dependencies of the region to lead to continuous growth against competition.
HP needs to incorporate environmental sustainability into its fundamental business strategy. This ensures that HP is able to compete against other providers in a competitive market. The corporate social performance involves building relationships with customers, attracting and retaining talented staff and assuring reputation.
The financial investment of convertible bonds in the unlisted entity CBio Limited carried the inherent risk of impairment losses on revaluation at the reporting date. The company didn’t make disclosures at fair value. It completely disregarded the accounting standards to the revaluation of financial assets at the reporting date.
Zain (2008) gave a comparison of the divergent views of Milton Friedman and Archie Carroll concerning the responsibility of business in society. Friedman believes that the main responsibility of a business is to maximize the profits of the shareholders and the interest of the shareholders should be the many areas of concern in any business industry (Zain, 2008).
Organizations, regardless of business or non-business, comprise of people, process, and technology. The success of an organization largely depends on effectively managing, coordination and control of people, processes and technology, and other significant organizational factors.
The company should take advantage of the opportunity presented by the optimistic water sector by initiating and tendering for water infrastructure projects. Jupiter should also exploit the spending powers and plans by its partners in the water sector. It should also seek opportunities to work on the aging water infrastructure, in collaboration with its resourceful partners.
Indeed, fair trade promotes sustainable living standards for producers and workers and protects the environment accordingly. Normally, fair trade connects producers and consumers in more equitable, meaningful, and sustainable ways, that is, it shortens the distance between producers and consumers (Bezençon 2009, p.66).
That is, in his/her quest to achieve advancement, humans have invented or inventing many tools and are also developing rapidly in particular fields. But, unfortunately, the same tools and the developing fields are damaging human lives and the earth’s environment, which sustains the lives.
The above assumption could be justified by the fact that the phenomenon of fraud in business transactions – especially regarding the decisions of leaders in modern organizations – is still quite common. Sarbanes Oxley provides an effective framework for the regulation of all aspects of business activities.
The author states that ACAS aims to improve the working experience of each employee by providing them with sufficient and free up-to-date information and advice as well as high-quality training that will improve the working condition within the workplace including the relationship between employers and employees.
This is an act of giving something that could be in the form of money or property to someone to take place of one that is lost, damaged or injured. This is the transaction behind marine insurance whereby one is given compensation for a lost cargo or vessel damaged with a similar entity or item (Soyer, 2005, pp 51).
British employees are also lacking in job satisfaction owing it to the lack of inspiring leadership. According to The Independent, this decline in morale is leading to a raging productivity crisis. The output of a typical British worker is about 30 percent less than their European and American competitors.
The depreciation policies of the company should be determined and counterchecked with a global basis to find out whether the depreciation charge is reasonable. The company’s reconciliation between depreciation recorded in the fixed assets register and the charge in profit and loss account should be obtained.
The paper provides a clear representation of the physical data flow and any other necessary diagrams. It also explains their significance in terms of streamlining the supply chain operations of Audi. The paper tends to include the use of DIA software, which has provided major support to depict a clear demonstration of the system tools along with their work-related information system’s architecture.
The principal responsibility of an entrepreneur is to enable the local region and community to pursue sustainable development. The two entrepreneurs under scrutiny are Mark Zuckerberg; CEO and co-founder of Facebook and William (Bill) H. Gates; CEO and co-founder, Microsoft Corporation.
The wines substances offered by the company covers all types of wine lovers, i.e. from those people who love a cheap wine to others who love expensive and classic wine. Wine substances are sourced from the entire world, some of which are imported exclusively by the company, and others, which are very familiar to people and wine lovers.
It used to be a family-owned business surviving two world wars. In the 1970s, it started offering stocks to the public. In modern times, for the last five years, the company’s performance exhibited a period of highs, lows, and renewed strength for a major comeback towards 2007.