The factors in external business environments - Free Essay Example

Sample details Pages: 6 Words: 1810 Downloads: 6 Date added: 2017/06/26 Category Business Essay Type Narrative essay Did you like this example? External Business Environment is the factors which happen outside the organization. It includes character of goods, civilization of buying, technology communications, financing with directive, customers, competitors, and many more which are considered for building an effective business. Every businesss major norm is to craft earnings. Don’t waste time! Our writers will create an original "The factors in external business environments" essay for you Create order The capability of industry building profits are exaggerated by the competitors dealings as of all opponents will be constantly seeking for gaining each others advantages by differentiating their services and goods. Competitors will always seek for providing good value for their money. The system of society is a fabric of attitudes, ideas and the patterns of behavior which involves rapports of the humans. Any business is influenced by the consumer behavior along with their attitudes and other factors like, age, population as well as leisure and nature of work. The financial system will facilitate the business swap. Financial activities are based on the earnings, saving, spending and borrowings. Financial activities involve the businesses in web of rapports which also involves the monetary institutions, debtors, suppliers, creditors and customers. The significant financial influence for any business is rate of interest. The legal system will provide the rules and regulations by the business operate. EXTERNAL ENVIRONMENT IN BUSINESS DECISION MAKING Any businesses have to act and also react according to what is happening away of office and also the company. Any factors which happen outside the organizations are said to be external influences or factors or even external environment. The external influences will affect the inner functions of organization and also affect the business strategies and objectives. The impact of the business depends on the dominant forces of the humanity, creation of society commitments, and role of environment considerations in decision making process of the business. One of them is the performance of environment and the competitive advantage studies the matters like, when do the business will be green? The external environment includes the study of the sectoral standard setting which associates the effective regulations for the environmental decision making of the members. Environmental disclosure and accounting practices studies how the environmental performances will affect the economic perform ances and how it can be measured effectively? The influence of government policies on the decision making of business will study how to design and create the incentives for avoiding the privileges in particular technologies. SIGNIFICANCE OF EXTERNAL BUSINESS ENVIRONMENT External environment may sometimes pretense important threats or heralds the new possibilities for the organization. Any organization is directly been affected by the events happening in environment where the company is believed to be functioning in. External environment will provide the organization with the impetus, paradigm as well as very important factor which will reshape the organization. Organizations which adapts according to the environment will survive in the competition. Business has to maintain good rapport with the external communications like, creditors, investors, union rapport, government, bankers, local community, etc. Most of the companies will maintain the department of customer relationship where it is concerned with the increase in the public relations and public image. The factors which constitute the external business environment are follows: Political factors which affects the benefits and policies from which an organization derived from its system. Soci al factors are, individuals are responsible for the functioning of the organization. Technological factors influences more on the organizations where in todays world technology is being changed rapidly and any organization should cope up with the changes accordingly. And there are more factors which influence the business like, social factors, cultural factors, demographic factors, competitors, etc. EXTERIOR ALONG WITH INNER aspectS OF EXTERNAL BUSINESS ENVIRONMENT EXTERNAL FACTORS Businesses are operated in the external environment where the rival businesses competition should be taken into account such as political, legal, economic and social influences. It is often carried out by the planners of business who enables the company develop. Social factors relates to the changes in the society and the social structures. It relates to alters in the population structure, lifestyles of the consumer and their behavior which affects the purchasing patterns. Legal factors relates to the changes in the rules and regulations and laws. Organizations should be careful in keeping the anticipation ways of law by which the changes in the rules affects the manner they should behave. Economic factors relates to the changes in the wider society. A developing economy will be providing the huge opportunities for the businesses for making huge profits, for organizations will hail the increasing living standards. Political factors will relate to ways in the government change and i ts policies which can influence the business. Technological factors will provide the opportunities to the businesses in adopting the innovations, breakthroughs and along with inventions for reducing the cost cuts and also to develop the novel products. INTERNAL FACTORS Opportunities in business environment are the factors which facilitates the potential to a business for expanding and making more profits and sales. Constraints are the factors which restricts the capability to develop and even sales and profits reduction potential. SWOT analysis is the best way in analyzing the constraints and opportunities. Strengths along with weaknesses are the internal factors to organization. Opportunities will relate to the marketplace for the growth of novel technology and also the factors like the government policies. Threats are related to what the competitors are doing and the legal and also the other constraints. WHY EXTERNAL BUSINESS ENVIRONMENT REQUIRED Market is been changing all the time and it do not depend on product type but a business has to react to the change or lose the customers. The rapid changes in market are customers requirements are developing day to day, new entrants of competitors, innovation of new technologies which produces new products, countrywide events, and introduction of novel legislations by the government. The type and the total of opposition will depend on market the company functions on like, by running business in a place where many small businesses competitor exists, where a small number of large competitor firms exists, or else where the market changes rapidly. Responsibility and social environment also plays a significant role in the necessity of the external business environment. When public adjust to their attitudes according to their life style it is said to be as social change. Industries should adjust accordingly to their products for meeting the changes. Any business need to be aware of t he social responsibilities and act according to the societys various parts and comet together. Legislation will cover numerous areas of responsibilities which the industry has for its customers, other businesses and the workforce. METHODS: SWOT, PESTAL AND PORTER FIVE FORCE SWOT ANALYSIS SWOT is elaborated as the Strengths, Weakness, Opportunities and Threats. PROCESS OF SWOT For processing the SWOT analysis in an organization, first there should be clear objective for achievement. Then in depth internal attributes need to be analyzed like strengths, weakness, opportunities and threats. Analyze the SWOT matrix and the weaknesses. WHAT IS SWOT It is acronym which is used for strategic factors for specific companies. An analysis of SWOT is simple however; it is very effective method for strategic planning. Many companies, individuals, teams will use this SWOT analysis for evaluating their strengths, weakness, opportunities and threats, whenever facing with projects which as a particular goal in mind. WHY SWOT IS REQUIRED SWOT is required to visualize analysis of the organization. At the time execution of SWOT analysis it is necessary to know how these elements will function mutually. It is needed to match the inner strengths to the exterior opportunities where it can form key competencies when meeting the customers needs. IMPORTANCE AND LIMITATIONS OF SWOT SWOT is instrument of selection and strategy formulation. It is very sturdy tool, however involves huge subjective factor. It is the best guide to use but not as a prescription. Success organizations construct strengths, make sure their weakness and even defend against inner weakness. Any thing is not free from all limitations even SWOT. It sometimes makes the company to see the circumstances simple and even may overlook some important strategic things. It sometimes becomes pressure onto the key aspects. SWOT Analysis of Marks Spencer PESTLE ANALYSIS PESTLE analysis is Political, Economic, Social, Technology, Legal, and Environment. PROCESS OF PESTLE To start a PESTLE analysis first make sure from whom and how the information should be collected and find the suitable sources of information. Make a template of the information and explore factors and record all information. Examine all result and recognize the main significant troubles plus strategic options. Make report and distribute all findings. WHAT IS PESTLE It is an effective audit of a companys ecological influences by utilizing the information as a steer to strategic verdict making. If an organization is capable of auditing its present environment and even assessing the possible alters, it is then made a good place with its competitors. WHY PESTLE IS REQUIRED PESTLE analysis is essential tool to recognize everything about the environment where a company operates. It is also good to understand the troubles linked by market expansion or decrease and situation and possible instructions of organization. IMPORTANCE AND LIMITATIONS OF PESTLE It is a plain structure which makes possible of considerate wider industry atmosphere. It supports the growth of exterior as well as tactical thoughts. It enables the company in expecting the prospect industry intimidation and what step to be taken to stay away from and their collision on company. Instead of using the scant data some individuals use the simplified information in making decisions. The process should be utilized regularly for effective. The review need to have the dissimilar people from different perceptions. Pestle Analysis of IKEA PORTERS FIVE FORCE ANALYSIS This analysis says about the Threat of new entrants, Substitution threats, Supplier bargaining authority, Haggling authority of purchaser, Competition within industry. WHAT IS PORTERS FIVE FORCE ANALYSIS It is very important for strategic formulation. Possibilities of the forces vary from company to company. Porter five forces will together resolve the productivity of the organization as the form of prices may be charged. WHY PORTERS FIVE FORCE IS REQUIRED Porters five forces will differ from organization to organization whatever the industry may be. It influences the profitability which affects the costs, prices and the investment which is essential for survival and rivalry in business. IMPORTANCE AND LIMITATIONS OF PORTERS FIVE FORCE ANALYSIS This mode helps in building strategic decisions which is utilized by managers in shaping the industrys rival structure. It is a means to provide corporate by analysis of its competition and strategy determination. This model depends on concept of power among the rapports of five forces. It sometimes overlooks the innovation role and even importance of firms differences. It shows a dull competition. An industry should find as well as set up itself in a business to respond to the rivalry forces in favor. PORTERS Five Forces Analysis of Coca Cola Company

Reconstruction Essay - 908 Words

Reconstruction was the time between 1863 and 1877 when the U.S. focused on abolishing slavery, destroying the Confederacy, and reconstructing the nation and the Constitution and is also the general history of the post-Civil War era in the U.S. between 1865 and 1877. Under Abraham Lincoln, presidential reconstruction began in each state as soon as federal troops controlled most of the state. The usual ending date is 1877, when the Compromise of 1877 saw the collapse of the last Republican state governments in the South Reconstruction opened many doors for its newly freed African American citizens. One the many doors, were those of political office. Though these doors opened for blacks in a variety of places, the social origins of†¦show more content†¦He was the first African American to serve in the United States Senate and because he preceded any African American in the House, he was the first African American in the U.S. Congress as well. He represented Mississippi in 1870 and 1871 during Reconstruction. As of 2008, Revels is one of only five African Americans ever to have served in the United States Senate. Revels was born free in Fayetteville, North Carolina, of a free father of mixed white and black ancestry, and a white mother of Scottish heritage. A black woman tutored him for his early education. At the time, the state legislature elected US senators. Revels was elected by a vote of 81 to 15 in the Mississippi State Senate to finish the term of one of the states two seats in the US Senate left vacant since the Civil War. He served on both the Committee on Education and Labor and the Committee on the District of Columbia. Much of the Senates attention focused on Reconstruction issues. While Radical Republicans called for continued punishment of ex-Confederates, Revels argued for amnesty and a restoration of full citizenship, provided they swore an oath of loyalty to the United States. Joseph Hayne Rainey was born in Georgetown, South Carolina, on June 31, 1832. His parents were both slaves, but his father, Edward, had a successful business as a barber, enabling him to purchase his familys freedom shortly after Joseph Raineys birth. Rainey was the first AfricanShow MoreRelatedCrime Scene Reconstruction1438 Words   |  6 PagesKristin Waters Crime Scene Reconstruction ENC 1102-154 Reconstructing a crime scene takes a lot of effort from experienced law enforcement, medical examiners, and criminalists. All of these professionals give unique perspectives to develop a crime-scene reconstruction. Forensic scientists also play a vital role in helping to reconstruct the crime scene. They use the crime-scene reconstruction to show events that occurred prior to, during, and after a crime was committed. (Saferstein, 2009) Read MoreReconstruction Of Reconstruction And Reconstruction1031 Words   |  5 PagesReconstruction what is it?What does it mean to reconstruct? 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Improving The Business Writing Skills Of Students Essay

We Need to Improve the Business Writing Skills of Students Continuously a hot topic in higher education is the assurance of learning. Do the students who have graduated actually have the skill they were promised? The case study focused on business writing in an MBA program and presented a perspective, five steps for improvement for MBA students’ writing skills. Furthermore, the study provided examples used in the assessment process as well as data analysis used close the circle in the learning cycle. Consequently, the study finished with ideas for future improvement and lessons learned in the process. The major concern was that students both past and present did not meet the expectations of professional writing. These complaints were expressed by both corporate executives and graduate faculty. The situation was summed up at a curriculum review meeting. 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How does Shakespeare Present Love in Romeo and Juliet Essay Example For Students

How does Shakespeare Present Love in Romeo and Juliet Essay Romeo and Juliet is a play written by William Shakespeare. The play is about tragic love. Love, in the play, is presented in many different forms such as unrequited love, filial love, forbidden love, platonic love, romantic love and sexual love. The most important type of love that Shakespeare presented was true love. At the end of the play, true love ended the war between the two families (the Capulets and the Montagues). The play also shows different attitudes towards love such as love is beautiful. In Act 1 Scene 1 Shakespeare presents unrequited love, Out of her honour, where I am in love Romeo has just been heart broken by Rosaline, a girl whom he loved but she did not love him. After this heartbreak, his being against love and says that its a choking gall, this is a metaphor. He says this because love hurts, he also uses oxymoron such as brawling love feather of lead, Romeo sees love as light and gentle but after he lost his love, he feels love is heavy, its too much to bear. He has been hit with cupids arrow, however, he says: Shell not be hit with Cupids arrow she lives unharmed so Rosaline will not be hit with cupids arrow, she will be unharmed, whereas Romeo is already harmed by cupids arrow. In Act 1 Scene 2, Paris is asking to marry Juliet. He says: But now, my lord, what say you to my suit? Capulet says that she is too young and still is a stranger in the world Paris then says: Younger than she are happy mothers made this shows that Paris is in a hurry to getting married, this could be because at that time people did not live long enough. However, Capulet then wants him to win her affection towards him, which shows that she can learn to love him; this is an attitude towards love. He also does not want to spoil her and that she is his only child: Too soon marred Earth hath all my hopes but she this quote could mean that he may had other children before Juliet but they all died Earth hath all my hopes. Capulet is not against arranged marriages but he is an overly protective father who loves his daughter. In Shakespearean times, people used to have arranged marriages and could marry at an early age. The audience in those days would not be surprised whereas nowadays we would. Lady Capulet goes and tells Juliet that she is going to get married to Paris and tries to persuade her to agree: Read oer the volume of young Paris faceso shall you share that he doth possess she tells Juliet that Paris is good looking and wealthy. She tells her that he is wealthy because in those days women cannot earn any living or possess anything until she is married. Even though she is persuading Juliet to marry, I think her attitudes towards love are the same as Juliets father; you can learn to love someone and that love is a duty. Juliet does not seem to care about marrying because she does not seem to even dream of this honour. Here the love is family love between Juliet and her parents. Parents have the responsibility for looking out for the best interest for their child, and do what is best for the child. The Capulet parents practically did the opposite; they chose Paris as Juliets future husband. Romeo finds love complicated and cruel because of his broken heart: Is love a tender thing? It is too roughit pricks like a thorn for him love hurts as if a thorn had just pricked him. On the other hand, Romeos friend Mercutio attitude towards love is different; he thinks that love can be cured by saying: If love be rough with you, be rough with loveand beat love down Mercutio is saying to fight back, he wants him to gain Rosalines love or someone elses, this quote also shows that he sees love as a battle. Romeo goes to a party held by the Capulets, he and his friends are all wearing masks, In those days it was not surprising for people to wear masks to parties because wearing masks to parties were more popular. In another play called Much Ado about Nothing Shakespeare did a whole scene wearing masks to a party. Romeo sees Juliet and asks a serving man whom the lady is that doth enrich the hand of the man she is with. This is a metaphor, which means that Juliet is like a jewel, so she is precious to him. After the serving man told Romeo he did not know her name, Romeo starts talking about how beautiful she is; Shakespeare uses metaphors to show this: She doth teach the torches to burn bright, he says, meaning both that her beauty is brighter than the blaze of any torch and that her presence makes the whole room light up. He says a few more things about how beautiful she is, Beauty too rich for use, for earth to dear, Burn bright and rich are used as metaphors. Bright and rich are powerful words with an image. Romeo says Juliet teaches the torches to burn bright because Juliet was so bright, like the sun, that she could teach these torches about burning brightly. This image shows Juliets brilliance, light, purity, and beauty. Her beauty is rich, but rich as in magnificent and precious. Romeo expresses his strong feelings of love for Juliet: Beauty too rich for use, for earth too dear. This shows that Romeo tries to inform Juliet of his love for her in the strongest way he can. He shows his love by saying that she is richer than anything is, she is worth more than the world and that she is heavenly. As a rich jewel in an Ethiops ear, this quote, is also by Romeo for his love to Juliet. He cannot tell Juliet or anyone how much he reveres her. Shakespeare uses powerful images of wealth to try to give the reader an idea of how much Romeo loves Juliet and is using imagery of light and dark. Romeo acts as if he has been hit by Cupids arrow again. Sonnet form was used when Romeo and Juliet speak to each other for the very first time. Sonnets are mainly used for love poems. When Romeo takes her hand and claims: If I profane with my unworthiest hand this holy shrine, the gentle pain is this: My lips, two blushing pilgrims, ready stand smooth that rough touch with a tender kiss. Romeo wants to kiss Juliet. He expresses words, which make his lips sound as if Juliet would receive a pleasant feeling if she were to grant him a kiss. Words like Profane, shrine, sin, pilgrims, devotion, saints, palm, palmers, faith, pray are expressions related to religion and faith. It is clear that Shakespeares audience needs to be shown that the love between Romeo and Juliet was not lustful or immature, even if it was sudden. This connection with religion also serves another purpose: religion celebrates death as well as love. Towards the end of this scene, Juliet tells the Nurse to find out Romeos name, and says to herself; If he be married, my grave is like to be my wedding bed, this irony helps to underline the sense of Juliets feelings. She is prepared to marry Romeo and no one else. The audience however, already knows that she will die. However, Romeos feelings are broken, when he finds out which family Juliet belongs to: Is she a Capulet? Romeo has news from the nurse that his love is part of the Capulet family; Shakespeare does this to increase the tension. The Lord of the Flies Play EssayTybalt dies. The Prince comes and decides to vanquish Romeo from Verona. In act 3 scene 2 Juliet appears, she knows that the Nurse is going to bring the cords, the rope ladder that Romeo will use that night. The balcony is the place for the rope ladder. She is waiting night to come. She says, Give me my Romeo; and, when I shall die, take him and cut him out in to little stars, and he will make the face of heaven so fine, that all the world will be in love with night, and pay no worship to the garish sun Juliet believes that when Romeo comes to her in the night he will be with her forever, even after her death, shining like stars in the night. Shakespeare also put in the quote religious love to show that she loves him so much and that it is pure. In the balcony scene, Romeo describes Juliet as the shining sun but in the quote above she is the sun but does not want any attention, she just wants the whole world to be in love with night. After this, Juliet begins to come down to earth a little. She complains that although she and Romeo now belong to one another, neither of them really has the other one: O, I have bought the mansion of love, but not possessed it, and though I am sold, not yet enjoyed. This happened because Romeo and Juliets love is forbidden. Then the Nurse appears, carrying the rope ladder. When Juliet sees the Nurse coming, carrying the rope ladder, she is sure that the Nurse has some news of Romeo. This makes Juliet happy, because every tongue that speaks, but Romeos name speaks heavenly eloquence, but in a minute her happiness will turn to sorrow. Eagerly, Juliet asks what news the Nurse has, the Nurse, who has seen Tybalts body and heard how he died, she is so disturbed by it all that she confuses Juliet. Eventually, she tells her everything: Tybalt is gone, and Romeo banished; Romeo that killd him, he is banished. At this, it seems that Juliets heart turns against Romeo. She exclaims, O serpent heart, hid with a flowering face! She is saying that Romeos face looks so innocent and beautiful (like a flower) but his heart is like a serpents heart, which means that it is evil, poisonous and dangerous just like a serpent. Juliet follows this metaphor with more, all of which express shock and amazement that Romeo could look so good from the outside but be so bad from the inside. However, this mood does not last long. When Juliet exclaims O that deceit should dwell In such a gorgeous palace, this quote is similar to one before, she is saying that Romeo is the gorgeous palace and that inside him is deceit. The Nurse replies that all men are like that, and says, Shame come to Romeo! Juliet cannot forget Romeo, she replies, Blisterd be thy tongue, for such a wish! He was not born to shame, upon his brow shame is ashamed to sit; for tis a throne for honour. Then she blames herself saying bad things about him, saying, O, what a beast was I to chide at him! This shows that Juliet cannot hate Romeo because she is married to him or she does truly love him even though he killed Tybalt. Later she says: Tybalt is dead, and Romeo-banished. Romeos banishment may seem shocking. She says the word banished is worse than the death of ten thousand Tybalts, this shows her love towards Romeo. At the beginning of the scene, Juliet was excited by the idea of Romeo coming to her in the night; now she is just angry by the idea that she will not see him again. After saying, the banishment of Romeo is worse than the death of her mother and father, because she loves him more than she loves her parents. She asks the Nurse where her mother and father are. The Nurse tells her they are mourning for Tybalt. Feeling sorry for Juliet, the Nurse knows where Romeo is hiding; in Friar Laurences cell, and tells Juliet to wait for him in her room. In Act 3 Scene 5 when Romeo is leaving Juliet, Juliet thinks that something bad is going to happen: Methinks I see thee, now thou art below, as one dead in the bottom of a tomb. Either my eyesight fails, or thou looks pale. He tries to reassure her that they will see each other; he tells her that she looks pale, too, and explains that Dry sorrow drinks our blood. In those days, it was thought that sorrow dried up the blood, and Romeo is saying they are both pale from the lack of blood caused by the sorrow of their parting because of their love. Lady Capulet tells Juliet that she is to marry Paris on Thursday, Juliet refuses and her father gets angry Lady Capulet thinks he has lost control of himself and asks if he has gone mad, her intervention gives Juliet a chance to fall to her knees and beg for a chance to say just one word, but her father is not going to listen. He denies the love for his daughter, so she is forced to marry. Juliet asks for help from the nurse but the nurse says that to marry Paris. Then she goes to Friar Laurence, then he tries to help her by making something like a poison but not a poison, if Juliet drinks it she will feel cold and change colour, her heart beat will slow done, then he will write a letter to Romeo to explain what is happening. In the final scene of the play, Romeo goes to the grave where Juliet was lying. He finds out that he can be happy that his Juliet is still beautiful. He says to her, Thou art not conquered; beautys ensign yet, is crimson in thy lips and in thy cheeks, and deaths pale flag is not advanced there. The colour in Juliets face shows the forces of beauty. Looking again at Juliet, Romeo asks why she is still so beautiful, and thinks that perhaps death is in love with her and the lean abhorred monster keeps, Thee here in dark to be his paramour. To prevent death from being Juliets lover, Romeo will join her. He promises her, I still will stay with thee; And never from this palace of dim night, Depart again. Then Romeo kisses Juliet and dies. Friar Laurence wakes up Juliet and she sees Romeo dead besides her, so she decides to stay. She sees a dagger next to Romeo and kills her self. Friar had to explain the full story to both the families. The love between the Nurse and Juliet is the same between Romeo and Juliet. The Nurse advises Juliet about her relations with Romeo. She was always happy for Juliet, and supported her relationship with the Montague openly. Romeo and Juliet is a play that has many themes. Love, has a major role in the play through Romeo and Juliet. I think Shakespeare really wanted his audience to believe that not all love stories end up as a happy ending; he maybe wanted them to see all the other types of love and attitudes towards love. In this play, they would have seen what true love is and maybe some of the audience may have changed their mind about arranged marriages. The side effects of forbidden love/true love is shown in this play such as Juliet being forced to marry Paris even when she said that she loves Romeo.