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.
Nobody downloaded yet

Business Environment - Essay Example

Comments (0)
Summary
BUSINESS ENVIRONMENT Name: Date: A healthy business environment requires an efficient organizational structure, that is, healthy current leadership and management, effective planning, excellent service and product expansion, and well-organized financial and marketing strategies (McNamara 1999)…
Download full paper
GRAB THE BEST PAPER
Business Environment
Read TextPreview

Extract of sample
Business Environment

Download file to see previous pages... These elements may include leadership and management, clientele, technological factors, rules and regulations of a government, competition, financial planning. In addition, marketing strategies, demand and supply within the area of business, the economic inclinations are other factors that influence the business environment (McNamara 1999). Therefore, the is a distinction in both the purpose and objectives of different types of organizations within any business environment. This determines whether the organization is profit or nonprofit based (McNamara 1999). Profit organizations have the sole purpose of generating profits, such that the amount of money the organization is taking out should be less than the amount of money the organization is taking in (McNamara 1999). In addition, the organization leaders or owners may opt to hold s larger portion of the returns after deducting all the expenses such as salaries and benefits to employees, bills, among others (McNamara 1999). Additionally, in the profit organizations, the management may choose to cut back on running costs in order to maximize profits. For example, the organization may choose to cut back on personnel in case the management feels that they do not require as much personal or in case they want to incorporate more technological advancements (McNamara 1999). In general, the management has the overall decision making capacity and formulate plans that enable the organization maximize on its returns as it acquires its market share within the economic sector. As a result, marketing strategies become vital for profit organizations as its main goal is to maximize its returns through reaching to a larger clientele (McNamara 1999). Examples of profit organization include Coca Cola, Microsoft, Apple, Samsung, among others. On the other hand, the sole purpose of nonprofit organizations is to benefit the society. They are mostly created for specific tasks such as religious, educational, or charitable (Carter 2008). For the sole purpose of nonprofit organizations is to serve the community, they operate under strict rules and regulations that ban the owners of the organization from taking the profits for their own gain. This means that, nonprofit organizations have laws that allow them to operate some business activities although the proceeds obtained are to benefit the community (McNamara 1999). Therefore, the profits obtained from the business activities is recirculates into the organization in order for it to achieve its mission and objectives for the community (Carter 2008). Therefore, nonprofit organizations not only run some business activities but they obtain their funding from donations from the public or grants from other organizations. The examples of nonprofit organizations include research institutes, foundations, public schools, public universities, museums, public hospitals, professional associations, among others (Justia 2013). Typical real world examples include Red Cross, UN, (Justia 2013). Any organization, whether profit or nonprofit formulated objectives and missions targeting a particular group or clientele. Therefore, any organization has responsibilities to reach their targets. For instance, in case the organization is profit based, then its responsibilities will vary from making sure of the ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Business Environment
The economic indicators contribute in analyzing the performance of an economy and in forecasting the future performance. The major macroeconomic indicators include GDP, inflation and rate of unemployment. The assignment will discuss about the measurements of the key macroeconomic indicators as well as the importance of each indicator.
14 Pages(3500 words)Essay
Business Environment
A business environment is therefore the internal and external factors that affect organizational operations and it is important in many ways. In conducting business, organizations have engaged in business markets especially in the contemporary society where businesses market their products to other businesses.
2 Pages(500 words)Essay
Business environment
The Concept of Emerging Economies 10 a)ii. Advantages and Disadvantages of Emerging Economies in Comparison to Command Economies 11 b)i. Current Economic Climate of the UK through the Implication of Business Cycle Model as an Analysis Framework 13 b) ii. Steps to be Considered by the UK Government 18 c)Balancing Policy Requirements in the UK 18 Task 3 19 a)Advantages Gained by McDonald’s due to the Barriers to New Entrants in the UK Fast Food Industry 19 b)i.
17 Pages(4250 words)Assignment
Business environment
Lately, the extended crisis within international credit markets beginning in the United States sub-prime mortgage market during the year 2007 has affected the formerly buoyant UK housing market. Figure 1: Annual increase in house prices (1998-2007) in UK versus other countries (Andrews?
4 Pages(1000 words)Essay
Business environment
International firms find themselves catering to more stakeholders and operating in diverse economic systems and market structures. This essay discusses the factors that affect the decisions of firms in the international business environment and how they respond to these factors.
10 Pages(2500 words)Essay
Business Environment
It involves using government tax collected and its expenditure to influence the economy. Monetary policies on the other hand refer to the way the monetary bodies of a country control money supply in the economy, usually based on the interest rate levels in the economy.
10 Pages(2500 words)Essay
Business Environment
With technological changes taking place and globalization impacting economies and companies, BP oil has experienced numerous challenges over its lifetime to-date. Yet again, the company which is mainly based in the United Kingdom has faced numerous
20 Pages(5000 words)Essay
Business Environment
According to the report the macro and the micro factors are those that deal with the external and the internal factors of the firm. The main constraints of the business environment are the government policies, principles, national rights and the constitutional laws. The business environment is a dynamic and a dominant influence.
11 Pages(2750 words)Essay
Business environment
ogram will lower the living standards of British families by more than 10 per cent in the coming three years as household incomes reduce due to the tax rises and welfare cuts (Elliot, 2011). The net effect is that the UK economy will experience increased shortage of demand
1 Pages(250 words)Essay
Business Environment
Political factors have an influence on the freedom of the media across the UK and at the same time the factors create uncertainty in the business environment between UK and non-EU members. Increased disputes on global copyright,
3 Pages(750 words)Essay
Let us find you another Essay on topic Business Environment for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us