Business Environment Describe the role of business in the economy, including the factors of production and the key dimensions of the business environment. Business is the engine that drives the economy, providing jobs, purchasing raw materials from producers, and providing the products and services that all consumers use, improving the value of life for everyone in the environment. The income of the economy is distributed through the factors of production. The

Human resource management is one of the essential components to the competitiveness of global firms. Corporations that perform exceptionally regarding human resource management tend to integrate strong discipline in their people with attention to strong social capital (developing networks and relationships within the organization). The multiplier impacts of this combination generate inimitable conditions for people management, which in turn drives employee engagement in the global context. The following study focuses

Business Environment The business circle resonates with two major issues in the modern world, i.e. leadership and globalization. The modern business world is continuously reshaped by globalization. It is a curious coincidence that a lot of business opportunities are emerging while the number of emerging talent that can make meaningful use of such talent is decreasing. In this scenario, therefore, it is only those who can act on the developments by recognizing

global business environment and organizations are vying with each other to obtain a share in this global business market. Innovation and intellectual property protection have become crucial for business success under these increasingly competitive market environments. The fast paced business culture and the changes that Organizations encounter require good leadership skills from the business manager. Today's managers have to be proactive and anticipatory of these change requirements. They have

"Opening up the financial system to foreign capital flows can lead, and has led, to disastrous financial crises, which have resulted in great pain, suffering and even violence" (Mishkin, 2006, p.9). Directly linked to the previous disadvantage and the basic definition of globalization, is the fact that the interdependence of sectors and institutions increases in a global market. In this instance then, a financial crisis within one country or within

Additionally, its taxation advatantages may erode due to pressure from EU and implicitly its wages will increase as taxes increase. Competition from emerging countries, namely Eastern Europe will become stronger as Ireland allings its strong points to EU standards. Moreover, the country's inflationary problem persistance may strengthen EU pressure on the authorities to reduce it through its fiscal policy. Reference List BBC news channel. 2004. Ireland is Named 'Best Country', published