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Case Analysis on two firms operating in two differenct countries - Essay Example

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Assignment Name Case Analysis on Firms X and Y The business environment around us has been evolving and expanding into a rapid state of competition and growth. Most firms around the world have been able to establish themselves only because of the hard work, perseverance as well as business and marketing strategies that they have been able to apply…
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Case Analysis on two firms operating in two differenct countries
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Case Analysis on two firms operating in two differenct countries

Download file to see previous pages... A business environment consists of a number of factors that help a firm to grow and develop as well as subsequently witness a decline in the same; these factors may be ranging from socio-cultural and political to economical, legal, ethical as well as technological aspects. There are a number of key factors that help a firm to meet its organisational needs and most of them depend on these. All these factors coupled together help a firm either meet or fade away from reaching its goals. Thus, it is imperative for every business manager to be able to mark out the various factors within the environment and use it to the opportunity of the firm and not let it hinder the process of meeting the desired results. The political factors within a business environment consist of the kind of government that has established itself in the respective economy and the way it lets the economy operate. Adhering to government rules and regulations is vital for each and every enterprise in order to grow and develop within the economy. If the political environment is not stable enough, then the enterprise might have to face restrictions on growth and development and undergo obstacles. Thus, the government should be able to let the firm take its own decisions and thus decentralise a certain amount of power in terms of corporate significance. Ethical issues are most often talked about by people because these are on the basis of what individuals deem is moral in society. Most enterprises need to be ethical in order to be able to survive. This is because customers are the main reason because of which firms run, and if they see that firms are not being ethical in terms of demand and supply of products and materials, they will not indulge in making purchases. Business ethics thus need to be followed in terms of keeping the employees happy and satisfied as well as meeting each and every need of the customer without causing much harm or damage to the environment. Economic issues crop up due to the rise and fall of the economy that the enterprise persists within. His refers to the demand and supply of products within the economy. Since every economy depends heavily on these two main factors, firms must ensure that their customers are being supplied with the demand that they require. If not, then firms might face a downturn and have to shut down on their production scales as they will not be able to cover their costs and expenses. Finally, every management within an enterprise also has to take measures in order to understand the legal aspects of the business environment. This refers to the laws laid down as per which businesses can establish and run themselves. This forms a very important aspect of any firm within an economy because a firm may fall into trouble due to dealing with illegal activities and products. In a nutshell, the various aspects of the four factors within the business environment has been talked about within this paper with the help of two firms that are experiencing them. Two firms named Firm X (Amarchand and Mangaldas) and Firm Y (Clifford Chance) have been hypothetically created for the purpose of this paper... This paper helps to position a strong and in depth analysis of these two firms on the basis of the business environment that they are surviving within. It helps to present the political, ethical, economical as well as legal aspects that both the firms are subject to. This paper also helps to provide an ...Download file to see next pagesRead More
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