Business theories and approaches relating to various business environments

 

Students will become familiar with business theories and approaches relating to various business environments (Domestic, Global, Technological, Political-Legal, Socio-Cultural, and Economic).
Students will evaluate the business environments and practices of selected companies.
Students will evaluate the business environments of a company identified as a “worst” company to learn why it is not successful.
Students will apply successful company strategies and business theory to recommend a successful strategy for the “worst” company.
Week 3 is time to go Global! You will continue with your selected “Worst” company and see what it takes to make it in the Global Environment. Concentrate on the global environment and determine the government regulations for your company. Your assignment will continue with your selected Worst List company. Refer to Week 3 Lesson for more information and details.

LO – 3 – Given a chosen company, the student will assess barriers raised by government regulations in the company’s Global Environment and identify strategies for success given these barriers.

Prompt:
Continue working with your chosen “worst” company for the assignments and complete the following:
Identify the industry for your chosen company and its Domestic Environment. Identify a Global Environment for the company (an international country for the company).
What are the characteristics of the new Global Country/Environment that will best suit the company for success?
What barriers exist in the new Global Country/Environment? You cannot state there are no barriers.
How will the company overcome those barriers (strategies)?

Sample Solution

Business theories and approaches relating to various business environments

Businesses do not operate in a vacuum but rather in a dynamic environment that has a direct influence on how they operate and whether they will achieve their objectives. This external business environment is composed of numerous outside organizations and forces that we can group into: economic, political and legal, demographic, social, competitive, global, and technological. Each of these sectors creates a unique set of challenges and opportunities for businesses. No one business is large or powerful enough to create major changes in the external environment. Thus, managers are primarily adapters to, rather than agents of, change. Global competition is basically an uncontrollable element in the external environment.

programme’s responsibility is to handle global environmental problems that have devastating concerns on the world’s economy. According to Boyce the United Nations Environmental programme is seen as “a toothless organisation” whose job is limited to giving support and advice. Boyce further suggests that the insufficient enforcement’s abilities are deliberate by the intentional organisation setting rather than seeing it as accidental. Primarirly,It is thus necessary that the United Nations Environment programme ought to be managed well to achieve its desired objectives in global governance arena. However, other important institutions, for example, the World Trade Organization is overal assigned with the obligation of dealing with particular trade issues and the World Bank has also done well in addressing world financial challenges. However, the World Bank has demonstrated little progress when it comes to global governance. The World Bank continues to part of the unpopular financial dealings and continues to be hesitant on improving and setting good financial guidelines that are in line with the objectives of peace building around the world when supporting global governance. As a result, Boyce, further believes that the best way to manage World Bank Concerns, is not to destroy it the institution, but, rather, to democratise it. Global governance continues to be depicted by extremely powerful supranational powers in modern times. For example, in Hague, the International Court of Justice has fundamentally assisted in working out many of international governance unfairness. Fundamentally, in spite of this, new tribunals have come to help in effecting global governance. Thus, the perceived importance of international courts is so far to be observed.

Accordingly, Global governance describes the global politics that is not only restricted to one country or perhaps a few countries, but rather entails a larger involvement of players. The demolition of political walls, for instance, the political Berlin wall, together with the world-wide-web development, have triggered exceptional accomplishments in almost all the aspects of the world setting and global governance. Nevertheless, such types of accomplishments are as a result of increased levels of democracy across many nations around the world, in addition to lower poverty levels, and better accessibility to schools, advice, as well as accessibility to meals per day, has improved global governance around the world. Needless, to argue that globalization has created fundamental change around the world, however increasingly critical i

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