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Contemporary business environment chalenges
What do ýou understand by Business Environment
Contemporary business environment chalenges
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In the business world, there are different types of business entities and can be categorized using different parameters. There are sole proprietorship businesses, partnerships, companies and others also exist as franchises. All of these types of business organizations have the objective of meeting client needs, make profits and grow from one level to another. Each business setup works differently from the other as they all have different platforms on which they run, with different goals, and also offering different services or goods. They all target to satisfy their stake holders differently. With this in mind, most organizations will craft their objectives and missions towards fulfilling the expectations of all that are involved by making good returns on investments by the stake holders (Business case studies, 2013).
Organizations run on managements platforms which are there to ensure total productivity of the businesses. Responsibilities of business organizations range from those meant to serve the interests of their customers, stakeholders and other related responsibilities. These are among the other responsibilities that the organizations have, and they put down measures and plans on how to achieve them, basing on the kind of responsibilities in their priorities. Drafting of a clear business plan has been known to be a key method of achieving their responsibilities. There are also long and short term goals set out at periodic or set intervals of time. Most businesses will use such to gauge their productivity and achievement of their responsibilities. There is need for a balanced growth in terms of the objectives of businesses, meaning their missions are not restrained to profit making but other cooperate and social responsi...
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...nizations, allowing international trade to thrive in this region. EU policies on trade have helped secure the trade interests of Europe, and UK businesses have been party to these benefits (Clark and Lorgan, 2006).
Works Cited
Stonehouse, G, Campbell, D &Purdie T. (2004), Global and Transnational Business: Strategy and Management, 2nd edition, North Umbria University: John Wiley & Sons ltd
Clarke, R, Lorgan, E.J. (2006), New Developments in UK and EU Competition Policy. 1st edition
Northampton: Edward Elgar publishing ltd.
BTEC, 2013, The main functional areas within business organizations. Viewed 25th Nov http://www.teachmebusiness.co.uk/page29/page16/page18/assets/Functionalareas.pdf The times 100, 2013, Business case studies: Types of businesses. Viewed 25th Nov
http://businesscasestudies.co.uk/business-theory/strategy/types-of-businesses.html#axzz2lchYOmCy
All set ups will have specific ‘Aims and Objectives’ for their respective businesses. Aims are the broad terms
In conclusion, the benefits of the UK’s membership in the EU outweigh the costs. The most significant benefit is the access they have to the single market as this has managed to benefit quite Access to single market is aiding this inward investment
Jones, A., 2007. Britain and the European Union. 1st ed. Edinburgh: Edinburgh University Press Ltd
Towards the end of the 90’s the growing dissatisfaction regarding the efficiency of the European’s Commission competition policy, especially in light of the imminent enlargement of the European Union, led to the publication of a White Paper that suggested several modifications to the competition policy’s function and structure. This process, also known as the modernization package of European merger, eventually led to the adoption of Council Regulation 139/2004 in early May 2004 (ECMR 04). It has been argued that the employment of such drastic changes came as a response to the overturning by the General Court of three sanctioning decisions of the DG for Competition. In these successful appeals, the General Court based its decision on the grounds that the DG for Competition applied the standard of proof of dominance in a very strict and rigid way. Consequently, in 2001 the European Commission published a Green Paper callin...
The Business plan has new strategies and new goals to be achieved in the limited time, which the user goal or the navigator tells. When the business plan is operated, first the organization tries to understand the mistakes and then develops the plan after which they find the budget for the organization and give the final output to the organization.
Business in the domestic and global markets have become saturated with competition which laid claim from smaller producers of goods and services; that they were being left out of the markets for the reasons of competing prices. The concept of 'fair trade' was introduced to provide these individuals with a way to compete against the pressures of the big giants of producers of goods and have equal position to sell goods in the markets. This opportunity allows ...
What major technology change has had the greatest impact on the quality of your life?
Established in 1914 as Western Australian Farmers Corporative with its diverse business has grown into largest listed companies in Australia. The business varies from supermarkets and departmental stores ( Coles, Coles express, Kmart, Target), home improvement and office supplies (Office works, Bunnings), Coal production and export, chemicals, energy and fertilisers (QNP, Kleenheat etc.), industrial and safety products (Wesfarmers Industrial & Safety, Blackwoods etc.). It is one of the largest employers in Australia, employing 200,000 and shareholder base of approximately 500,000.
The change in government policy will have a big impact on the PC market; for example, recent proposals to extend membership of the EU will lead easier access into the market for UK firms.
Springford, John, Tilford, Simon. The Great British Trade-off The Impact of Leaving the EU on the UK’s Trade and Investment. Centre for European Reform. Web. 10 May 2014. .
... numerous positive aspects of international trade, some of them include a boost in economic growth, both locally and nationally as well as creates a fairer competitive market space. The outcomes of international trade are explained throughout this essay. Also, this essay identified how monopolies in a domestic market respond to foreign competition and how they must adapt to such situations. The measures taken by government to prevent and control foreign competition are briefly explained and as to how these can work to hinder domestic markets from competition. The positive, short-term effects of trade protectionism are increased government revenue, prevention of ‘dumping’ and an increase in domestic production. Although, the long-term effects of such actions are often the opposite to the original idea of protectionism and could lead a country to economic stagnation.
With the introduction of the Euro Zone allowed the Anglo and INBS to compete in the Irish market. Unfortunately, this resulted in the willing...
Before starting any business you should consider its objectives, in order to develop a strategy. It is the strategy that lays out how the objectives will be achieved and determines deadlines for achieving them. If and when the goals are reached the business will be successful.
The world of business has undergone radical and dramatic changes in the last decade changes that present extraordinary challenges for the contemporary manager. A manager is an organizational member who is responsible for planning, organizing, leading, and controlling the activities of the organization so that the goals can be achieved. According to a widely referenced study by Henry Mintzberg, managers serve three primary roles: interpersonal, informational, and decision-making. Management is process of administrating and coordinating resources effectively and efficiently in an effort to achieve the goals of the organization.
The business plan will also be useful in facilitating the adoption of a strategy that will help the business prosper in the modern market. The plan will be a critical tool that will help in the production of a reliable strategy for attaining the goals and objectives. The proposed business plan will be implemented in three years time. Within the first three years, the business i...