Running head: Tata Group and the External Business Environment Tata Group and the external business environment 4Tata Group and the External Business EnvironmentAfter China and Brazil, India is the world's third-largest developing market. Investment in India has increased due to the liberalization of the policy regime and greater access to the financial markets. Tata is India's biggest corporation, with operations in seven industrial sectors vehicles, chemicals, information technology, consumer items, manufacturing, and consultancy. There are now more than 90 companies in the sector. Ratan Tata is the organization's director; he is a popular and respected corporate titan. Different factors affect the competitiveness of the industry either directly and indirectly. As the business environment changes, the Tata group has to reconfigure its activities to exploit global opportunities.The significance of Environmental resources possibilities and StabilityNatural resources account for a large portion of many countries' income, even more so than assets expressed in…...
mlaReferences
Camilleri, M. A. (2018). The marketing environment. In Travel marketing, tourism economics and the airline product (pp. 51-68). Springer, Cham.
Heshmati, N., & Lovic, S. (2012). Opportunities and Challenges in Emerging markets: A case study of two multinational companies in India.
López Salazar, A., Contreras Soto, R., & Espinosa Mosqueda, R. (2012). The impact of financial decisions and strategy on small business competitiveness. Global Journal of business research, 6(2), 93-103.
Tayauova, G. (2012). Advantages and disadvantages of outsourcing: analysis of outsourcing practices of Kazakhstan banks. Procedia-Social and Behavioral Sciences, 41, 188-195.
Harley Davidson External Business Environment
Strategic Business Plan Outline
The Analysis of H-D's External Environment
The industry external environment compounds an array of comprehensive forces that relate to the organization. External environment analysis of an industry facilitates an understanding of an organization position comparative to other organizations in the same industry (Worthington & Britton, 2006). An awareness of the external forces working across the industry players plays a handy role in organizations strategic planning. It also facilitates an organization's awareness on their relative opportunities and threats allowing them to plan considering their capabilities focusing on the available resources (Worthington & Britton, 2006).
The understanding of the external environment works to improve an organization's competitive advantage and potential sustainable growth with the industry dynamics at play (Peng, Wang, & Jiang, 2008). The external environmental forces can influence management decisions in running an organization. The results of such influence produce ripple effects on the culture, business…...
mlaReferences
Michael E. Porter. (2008). The Five Competitive Forces that Shape Strategy. Harvard Business Review, 86-104.
Peng, M.W., Wang, D.Y.L., & Jiang, Y. (2008). An institution-based view of international business strategy: A focus on emerging economies. Journal of International Business Studies, 39(5), 920-936.
Worthington, I., & Britton, C. (2006). This Business Environment. Australia: Pearson Education.
Environmental Scan of the Restaurant Industry
PEST analysis remains a critical business tool essential in aiding the identification of macroeconomic factors that could affect the business. Specific measures encompassed in this tool are political, economic, social, and technological. Restaurants can improve their decision making processes and timing. PEST analysis is essential in tackling future challenges and highlight opportunities (Ho, 2014). Engaging this tool in analyzing the industry helps dissect the macroeconomic factors that determine the future of 3 Squares Restaurant with the United States and specifically Minnesota where it is headquartered.
Political Factors
Squares Restaurant is affected by factors emerging from the political industry in the restaurant industry. Political factors segment discusses the effects of government intervention on the micro and macroeconomic environments. Significant political factors affecting include:
Public health policies are evolving especially in need to increase awareness towards discouraging the consumption of fast foods. Increased concerns about the calorie content of each…...
Business environment is mainly characterized by various human economic activities including the production, sale, and purchase of goods and services that are carried out with the main objective of earning profits. Generally, the business environment can be described as a set of conditions that facilitate and promote the human economic activities. This environment is basically comprised of the internal business environment and the external business environment. The internal business environment includes the factors that are within the control of business while the external business environment refers to factors that are beyond the control of the business enterprise. One of the most common aspects of the business environment and human economic activities is the economy, which is generally influenced by various factors.
ole of Business in the Economy:
Business is defined as the management and coordination of individuals and resources in order to achieve specific production objectives, with the main goal of making…...
mlaReferences:
Bernanke, B. (2011, February 9). The Economic Outlook and Monetary and Fiscal Policy.
Retrieved November 3, 2012, from http://www.realclearpolitics.com/articles/2011/02/09/the_economic_outlook_and_monetary_and_fiscal_policy_108845.html
"Introduction to the Economy, Fiscal and Monetary Policy." (n.d.). Investorguide.com. Retrieved November 3, 2012, from http://www.investorguide.com/igu-article-284-basic-economic-concepts-introduction-to-the-economy-fiscal-and-monetary-policy.html
"McDonald's Issues First Worldwide Social Responsibility Report." (n.d.). CSR Press Release.
Business Environment
Interaction of the Business Environment
The environment of a company is much like the natural world in that there are many layers to any single organization (Marques, 2007). Political forces are present because there are factions and beliefs within a company which cause different politics to be formed. The economics of running an organization are a different facet of the environment which many consider the most important part of the business (after all the business of business is to make money), but it is actually a piece of the larger while which is neither more important or less than any other. Very business also has a social component. All of the different relationships that occur in the wider world can be found in any large organization. Another part of the environmental whole that affects every other part has to do with the technical functioning of the business. Technology can make…...
mlaReferences
Laumer, S., Eckhardt, A., & Weitzel, T. (2010). Electrojnic human resources management in an e-business environment. Journal of Electronic Commerce Management, 11(4), 240-251.
Loewe, M., Blume, J., & Speer, J. (2008). How favoritism affects the business environment: Empirical evidence from Jordan. The Middle East Journal, 62(2), 259-272.
Marques, J. (2007). The influence of the global business environment in realizing the millennium development goals. Journal of Global Business Issues, 1(1), 17-25.
Ruff, F. (2006). Corporation foresight: Integrating the future business environment into innovation and strategy. Research Technology Management, 278-295.
UK National Environment
In UK, the allocation of resources is purely based on the forces of demand and supply. This form of economy is a free economy in which competition is embraced and firms have to become efficient to increase their level of competitiveness. The government only intervene to provide the necessary infrastructure and to ensure that consumers are not exploited by the businesses. Besides, the government will formulate policies that ensure fair competition and collect revenues for the country development agenda. With these, businesses must ensure that they operate within the law and abide by the regulations that are set by the state. Barr Company can therefore conduct business in a competitive industry without government interference on what form of business to do or the amount of prices to charge on their products. The management has large latitude of choice to make on how to produce, what to produce, and…...
mlaReferences
2003. Soft drinks in the UK, London, Euromonitor.
A.G., B.P.L.C. 2012. a.G, Barr plc financial results 2012 [Online]. Available: http://www.agbarr.co.uk/agbarr/newsite/ces_docstore.nsf/wpg/1B9A74B86C552270802579CD00485134/$file/Final%20results%20announcement%20January%202012.pdf .
AGRAA, a. 2007. The European Union: economics and policies (8th ed.), Cambridge, Cambridge University Press.
BOTHA, a. & KOURIE, D. 2008. Coping with continuous change in the business environment:knowledge management and knowledge management technology, Oxford, Chandos Pub.
Business Environment in Taiwan
Taiwan is an island situated approximately 180 kilometers (Eastern Asia) away from southeastern coast of mainland China. Having a geographical area of 35,883 Km2, Taiwan is officially part of the Peoples epublic of China (PC) although there is much tension between Taiwan and China regarding statehood of Taiwan. The U.S. however does not acknowledge Taiwan as a separate state. Taiwan has a population of 23 million (consisting three main ethnic groups i.e. Taiwanese, Mainland Chinese, and indigenous people) and Taipei is the capital city of Taiwan. Of late, relations between Taipei and Beijing have been cordial. Taiwan follows a civil law system and has a multiparty democracy as governance system (Department of Investment Services, 2013). Being a thriving economy based on hi-tech industrial base and trade relations with most of the developed world, the country is deemed an important destination by multinational corporations (MNCs) for the purpose…...
mlaReferences
Chow, G., & Lin, A.L. (2002). Accounting for economic growth in Taiwan and Mainland China: a comparative analysis. Journal of Comparative Economics,30(3), 507-530.
Council for Economic Planning and Development & MOTC. (2013). Taiwan lowers Threshold for establishment of international airlines. CEPD. Retrieved from: http://www.cepd.gov.tw/encontent/m1.aspx?sNo=0019595
Council for Economic Planning and Development. (2013). Removal of items from negative list increase choices for foreign investors. CEPD. Retrieved from: http://www.cepd.gov.tw/encontent/m1.aspx?sNo=0019594
Department of Investment Services. (2013). Invest in Taiwan: Stable Politics, Emphasis on Democracy, Laws, and Freedom. Ministry of Economic Affairs Taiwan. Retrieved from: http://investtaiwan.org/matter/show_eng.jsp?ID=412
Organization Behavior
NIKE Marketing Analysis
Business environment consists of numerous factors and forces that impact the business organizations' ability to operate competitively and profitably in their industry. These forces exist at both micro and macro levels and require the business organizations to show quick response to the uncertainties and complexities which may arise in the business environment from time to time (Cadle, Paul, & Yeates 2010). These forces impact each and every aspect of the business operations like marketing decisions, segmentation, targeting, and positioning strategies, consumers' buying behavior, marketing or promotional activities, and others (Lamb, Hair, & McDaniel 2012). This paper presents a report on the marketing analysis of Nike, Inc. -- a well-recognized brand in the clothing, sportswear, and footwear manufacturing industry of the world. The major sections include; impacts of micro and macro environments on Nike's marketing decisions, the segmentation criteria which it uses in different markets, the targeting strategies…...
mlaREFERENCES
Cadle, J., Paul, D., & Yeates, D. 2010, Business Analysis, 2nd Edition. Swindon: British Informatics Society
Kurtz, D.L., MacKenzie, H.F., & Snow, K. 2010, Contemporary Marketing, 2nd Edition. Toronto: Nelson Education
Lamb, C., Hair, J., & McDaniel, C. 2012, Essentials of Marketing, 7th Edition. Ohio: South-Western Cengage Learning
Nike, Inc. 2012, About Nike, Inc. Available from [Accessed September 30th, 2012]
H Consulting Business
Entrepreneurship is a process that entails identifying and pursuing entrepreneurial opportunities in order to generate profits while meeting the needs and demands of customers. Actually, entrepreneurs are considered as people who identify and pursue entrepreneurial opportunities, which are situations through which products and/or services can be sold to customers for a higher price than the production costs. In the modern business environment, there are numerous entrepreneurial opportunities that can make profitable ventures. An example of such opportunities is in the human resource field, which plays an important role in the modern workforce. Human resource consulting is a suitable entrepreneurial opportunity because independent H consultants continue to play a vital role in the American workforce. This paper focuses on the development of an H consulting business, which is an existing opportunity in the modern business environment.
The Entrepreneurial Opportunity of H Consulting
H consulting is an existing entrepreneurial opportunity brought…...
mlaReferences
Friend, L. (n.d.). How to Start an HR Consulting Company. Retrieved May 15, 2017, from http://smallbusiness.chron.com/start-hr-consulting-company-4471.html
Hisrich, R. D., Peters, M. P., & Shepard, D. A. (2014). Entrepreneurship (9th ed.). New York, NY: McGraw-Hill.
Zotto, C.D. & Gustafsson, V. (2007). Human Resource Management as Entrepreneurial Tool? Retrieved May 15, 2017, from http://www.dphu.org/uploads/attachements/books/books_2593_0.pdf
External and Internal Environments for Amazon
External and Internal Environments
Two segments of the general environment
Everything being equal, it is the primary objective of any company or business to gain a bigger market share, grow, affect its bottom line, and be successful. In order for the business to accomplish its goals, the business should deal with all its stakeholders who include suppliers, employees, shareholders, customers, competitors, and society. A business will encounter stiff competition in all its market be it locally or internationally for it to achieve its objectives and goals. For a business to gain competitive advantages over its rivals within the industry, it must be able to understand the present and predict future trends. The business should also take into consideration the internal and external environments of the business industry, which will impact the business activities directly and indirectly. Jeff Bezos founded Amazon, which is the world's largest e-commerce merchant…...
mlaReferences
Chu, C.-P., Guo, W.-C., & Lai, F.-C. (2012). On the competition between an online bookstore and a physical bookstore. NETNOMICS: Economic Research and Electronic Networking, 13(3), 141-154.
Hitt, M., Ireland, R.D., & Hoskisson, R. (2012). Strategic management cases: competitiveness and globalization. Stamford, CT: Cengage Learning.
Ritala, P., Golnam, A., & Wegmann, A. (2014). Coopetition-based business models: The case of Amazon. com. Industrial marketing management, 43(2), 236-249.
Rothaermel, F.T. (2013). Strategic Management: Concepts: McGraw-Hill Irwin.
Internal company and the External Environment
Based on your research, what are the key drivers for success in the large office supply store industry? This section should be at least 2 pages in length.
There are key success factors for the large office supply store industry. One of the key success factors is location and significance. It is imperative to note that one of the most pivotal success factors for any business is its location. This is the same case for large office supply stores. It is imperative for such corporations to locate their retail stores in a high-traffic area, for instance a mall or a highly frequented intersection. Furthermore, it is essential to make certain that the business is situated near consumers that the corporation seeks to target. The utmost potential customers for office stationeries comprises of the corporate or business consumers, therefore positioning a store in the area where the…...
.. Of key people, but this material is rarely organized in a fashion that allows for its transmission to other. Employee turnover can negatively affect firm performance through loss of social capital. We expand this by taking into account the tacit knowledge that firms lose when employees leave" (p. 50). Although it is difficult to quantify the value of the tacit knowledge lost when downsizing takes place, it is reasonable to conclude that a company may be shooting itself in the foot by intentionally terminating qualified and knowledgeable employees who represent a potential asset rather than the liability reflected in the downsizing approach.
Conclusion
The research showed that the term "downsizing" as well as the more palatable term, "rightsizing," refers to the practice of companies terminating employees in an effort to become more streamlined and profitable. These terms can also refer to the elimination of redundant positions, temporary layoffs, allowing positions occupied…...
mlaReferences
Bogle, J.C. (2007). Democracy in corporate America. Daedalus, 136(3), 24-25.
Borman, W.C., Hanson, M.A. & Hedge, J.W. (1997). Personnel selection. Annual Review of Psychology, 48, 299.
Capozzoli, T.K. (2003). The organizational model for workplace security. Vanderbilt Journal of Transnational Law, 36(2), 781-782.
Custard, B. (2007). Do you have career insurance? Journal of Environmental Health, 69(9), 4-5.
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 to possess good risk management strategy to be better prepared for unforeseen market changes. A consistent effort at process improvement and a customer centric business focus has made Quality management an integral part of every business. Project management therefore involves 'communication management', 'risk management', 'quality management'. These business concepts, when applied to the classroom environment help the students imbibe these managerial skills and result in significant improvements in their academic performance, stimulate their creative thinking, and their decision-making ability. A…...
mlaBibliography
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"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 one institution is likely to generate negative effects upon its partners. The most relevant example of chain reaction to a financial crisis is the current situation, in which the global community is threatened with economic collapse due to the financial difficulties of the United States. The situation is similar in terms of politics or the social environment.
Globalization has often been assimilated with Americanization, meaning by this the desire of the American corporations to transcend boundaries and get access to cheaper…...
mlaReferences
Ervin, J., Smith, Z.A., 2008, Globalization: A Reference Handbook, ABC-CLIO
Geddes, P., 2004, the Benefits of Globalization, Foundation for Research on Economics and the Environment, accessed on January 19, 2009http://www.free-eco.org/articleDisplay.php?id=378last
Holm, H.H., Globalization and What the Governments make of it, European Institute Firenze, Retrieved at January 20, 2009http://www.djh.dk/pdf/forskning/global.pdfon
Kolodko, G.W., 2003, Emerging Market Economies: Globalization and Development, Ashgate Publishing
Then, another, and probably the most obvious, application of operations management is that of achieving cost reductions. ichard Stylves offers the most conclusive example of Henry Ford, who sought to integrate assembly lines using the most cost effective commodities, including labor force. The aim of operations management is then that of reducing expenditure and increasing operational efficiency. Its applications are present at all organizational levels, from resource allocation to product distribution. Amazon.com has successfully integrated these principles by establishing its warehouses in adequately chosen locations which allow it to efficiently and automatically distribute its products to worldwide consumers.
Carter McNamara agrees with most of the previous findings, but his article is more of a generalist one, in which the author simply states that operations management has applications in "purchasing, control and coordinating function of management, product and service management, quality management, inventory management, logistics and transportation management, facilities management, configuration management…...
mlaReferences:
Ebojo, M., March 2009, Skillful Communication, Supplement to Pharmaceutical Executive
Koch, C., 2009, Who's to Blame in the Relationship Between IT and Marketing? Better Management, last accessed on April 23, 2009http://www.bettermanagement.com/library/library.aspx?l=15013
McNamara, C., 2009, Operations Management, Management Help, last accessed on April 23, 2009http://managementhelp.org/ops_mgnt/ops_mgnt.htm
Stylves, R., 2008, FEMA, Katrina and Operations Research: Better Operations Management Would Have Helped FEMA in Preparedness and Response Work before Hurricane Katrina -- and Still Could Now, The Public Manager, Vol. 37
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