The Internal Business Environment in Zimbabwe
Zimbabwe is one among the low-income economies located within the sub-Saharan part of Africa. Like any other country throughout the world, the state of Zimbabwe has a number of factors that affect its general business environment. These factors range from the internal to external factors of a business environment, and play a major role in the determination of the economic status of the country. It is a given that many countries throughout the word, especially within the African continent fall under the third world category of global classification of nations based on their economic statuses, the levels of advancement in the industrialization sector, the political situation, and many other factors that are paramount in the governance of any economy. It is a given that Zimbabwe, just many other states within the Asian, South American, and African continents fall under this category.
This paper will comprehensively analyze the internal factors that affect the business environment of Zimbabwe. The internal factors of business environment of any country include all the factors that are under the control of the governance of that particular state, and directly affect the diverse operations that exit in its business environment. Such factors include the taxation policy of the country, the wage burden of all its employees, the education systems of the country, the level of infrastructure development, the political stability of the state, the strength of its currency, the level of inflation, and many more. All these factors lie within the capabilities of the state, and every nation has all
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the control over them. As a result, it is the responsibility of every nation, through its polit...
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... new economic reforms. This is needed to allow the company to become internationally competitive. By stimulating fair competition and rewarding performing companies are the aim of the economic reforms adopted in Zimbabwe ().
The employment law in Zimbabwe demands that employees be hired on fixed term contracts. This will ensure that the employee is assured to the working period. Any violation of this law will
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lead to persecution. The legal structure in Zimbabwe is developed to ensure fairness and equality in all industry. This is in plight to rescue the country from the difficult economic situation it is in
In conclusion, bussiness enviroment can have a diverse effect on the company if possible measure to adjust to fit into such conditions are not dealt with. More so, external factors can not be controlled but the company can improvise ways to handle them.
Every company has internal and external forces that effect how they operate within the community in which they are located and also within their own walls. These internal and external forces play a strong impact on the company’s profitability and success. These forces have an effect on what consumers they attract or ignore and how they are perceived by those who have the buying power. A mistake any analyzing and implementing measures to assist with these factors could greatly affects a company’s bottom line and success. This is why any company wanting to grow and be successful will need to take all of these forces; sociocultural, technological, economic, environmental and political-legal into consideration in creating their strategic plan.
business also affects the amount of profit gain, owners liability and kind of tax we have to pay.
The major issues facing the company comprises of there being multiple businesses with different demands. There are separate levels of performance and success as well as growth chances for each of the sector and the firm needs to tackle with issues in each of these divisions (Dube, J.P., 2004).
Priscilla. “The World Economy and Africa.” JSpivey – Home – Wikispaces. 2010. 29 January 2010. .
In many parts of the world, labor violations are still present. Workers are forced to work in dangerous and unsafe places under harsh conditions. They work for long hours, yet receive little pay. Employees are not guaranteed protection or rights. Many
A country's economic environment plays a significant role in the success of businesses operating within that country. Countries with struggling or shrinking economies were not included in the top ten ranking. Economic indicators and trends selected for this analysis:
Organizational Change "The effectiveness of organizational change is greatest when a firm’s strategy is consistent with environmental conditions and there is internal consistency." (D A Nadler, 2003:204) The only thing that is constant in this world is change and this is widely acknowledged by many in the world, may it be a corporation or a social forum or a governmental body. What comes in this world has to experience change in the light of environmental elements and pressures and influences, internal or external. The study of organizational behavior gives that environmental factors are the political, legal, economic, demographic, technological, social and societal. While these are the external environmental factors that are and cannot be counted among the controllable factors for an organization, they do in fact influence organizational structure, policies and strategies. In turn, the internal environment of the organization, that is very much controlled by the management of the organization and comprises of the top to bottom managerial levels, the staff, the employees, the board of directors, the owners etc. this internal environment, is to a great extent the result of external environmental factors, the change of which results in the direct impact on the internal environment of the organization. As such in lieu of external environmental factors; change agents with in the organization tend to accept the change in their external factors and tries to bring about a compatible change within the internal environment of the organization. The effectiveness of the change that is being brought about with in the organization as a result of the changing external environmental forces is best when, as described by Nadler, the internal facto...
The objective of this research is to help a company or an entrepreneur understand the business environment better as well as customers’ needs and, therefore, make better business decisions.
The wedding business has to take in consideration the ecommerce . too that time people were preserving maxima due to high inflation 2. How should BP have handled an external environmental analysis ties and what environmental changes and trends (opportunity and threats) might they have discovered? The builders, who have needed to work to meet BP 's assignments and who, to meet plan, transmuted working systems Is it administration controllers, who have been well aware of BP 's encroachments, however have endorsed it not to pay its fines and to propagate to work in safe matter.
The factors affecting the external environment of a business are Political, Economic, Social and Technological. The political are based on how government policies affect a business. The economic are how the economy affects the business; inflation, interest rates. The social are how consumers and communities act and their opinions. Finally the technological shows the fast pace of change in processes and innovation that can affect the business.
Worthington, I. and Britton, C., 2006. The business environment. 1st ed. Harlow: Financial Times Prentice Hall.
Ampim, Manu Prof. “Great Zimbabwe: A History Almost Forgotten.” Manuampim.com. n.p. May 2004. Web. 7 Mar. 2014. http://www.manuampim.com/ZIMBABWE.html.
It is important to recognise the main features that affect a business in view of the macro and micro-environmental factors.
The first external environment of a business factor is economic that plays a significant role in business. The Republic of Kazakhstan is rich in mineral resources, vast agricu...
Ghana is a country located on the west coast of Africa; Africa is a resource rich continent that supplies much of the world with diamonds, oils, petroleum and more through trade. The country of Ghana has undergone revision in their labor forces in the past twenty years, Ghana has moved more from the traditional labor sector like agriculture to more modern sectors. One of the more modern sectors of Ghana today is the industrial sector which is relatively small and is mainly operated by the Ghanaian government. The industrial sector was expanded by the government and president to employ the unemployed and promote investment in the private sector. After the 1990’s Ghana has seen consistent economic growth but their economic growth from the last eight years has increased tremendously. In the most recent of years ( after 2004) the growth rate of Ghana started to accelerate and it increased to over six percent between a five year span from 2005-2010, with the average being above seven percent in 2000 and 2009. The increase in sectors has taken Ghana from a poverty rate of more than half 51.7% to 28.5% by the year 2005. Before Ghana’s independence on March 6, 1957 most of the country’s gdp was contributed to agriculture and the industry sector was less of a contributor. Recently, between the years of 2001-2010 the roles of whom or what contributes to the gdp has switched. Most of the contribution to the gdp is that of the service sector. Even though, the service sector has risen to the top of the economy, agriculture is slowly but surely is rising back to the top of Ghana’s highest gdp contributor by the way of nontraditional exports like automobiles and cocoa. The service sector of Ghana provides many residents w...