Credit crunch and recession are great examples of external factors influencing the business. If the people are suffering from recession, they will not have money to spend money and this is how it affects the businesses. The current instability in Iraq is a good example of what may happen to businesses. In business it’s very important to understand, monitor and adapt to the political environment, because it crucially affects every business. Some of the very important factors are: Government stability effects businesses in a great range by competing with businesses to lower their costs, transparency is another important factor where anything the business does is revealed to the government and the government know exactly what they are up to.
Ethics Paper MGT498 Ethics Paper One of the biggest things that big named organizations sometimes tend to forget is that when difficult decisions must be made, they affect everyone within that organization. Whether it be budget cuts leading to loss of hours or layoffs, lower stocks percentages for the shareholders or it can even change things positively, and require more production of hiring. Either way, when issues come up and things change, it is important to keep everyone involved well informed and made in the best interest of those directly affected. In the business world, corporations have a responsibility to the employees as well as the stakeholders to be ethical in their decision making by staying true to their beliefs and behavior to society. When unethical decisions are made, everyone involved in the corporation and its well being are affected in a negative way and will jeopardize the well being of the business.
However, a company endorses a certain individual for reasons such as political similarities or to help promote their product. When an endorser or multi-million dollar company begins to put pressure on their endorsees, then that is when issues has occured. The endorsers are supposed to be helping the politicians and in return they get more publicity which helps them become more recognize. Some endorses expect to be favored by their politicians and expect them to bend the rules for them. Obama states “I’ve never been entirely comfortable with the term “special interests… there’s a difference between a corporate lobby whose clout is based on money alone, and a group of like minded individuals coming together to promote their interests; between those who use their economic power to magnify their political influence far beyond what their numbers might justify, and those who are imply seeking to pool their votes to sway their representatives.” (116) Obama is simply stating that
English 120 3 November 2012 Democracy under Attack: Repercussions of the Corporate State Since the inception of congress the ideals and principles of the grand social experiment known as the United States have been guided by their legislation. These tenets have helped shape the fabric of our culture and way of life and although not perfect have proven to work over the test of time. Unfortunately, the issue of overt corruption that has seeped into congress presently is something that our founding fathers could never have envisioned when laying the framework of our constitution. To truly understand how the wheels of democracy are greased by the fat of capitalism, the incestuous relationship between corporate
The Influence Different Stakeholders Exert on an Organisation In the business environment there are many factors which influence the business to adapt to different conditions which the stakeholders put onto them. British Telecommunications is an organisation which is privately ran however, it is a public limited company which means it is owned through shares and stocks which can give mixed emotion around how the business should be ran with conflicting views on this. This issue constantly needs to be resolved with every change the managing team will make on the business. Within an organisation of such size as BT PLC it is common that there is mixed emotions on how the company should be ran as well as future changes which the business may undertake. British Telecommunications try to achieve this goal - “The overall outcome is that BT’s stakeholders are reassured, BT’s reputation is enhanced, customers respond favorably, and business continues to grow.” To achieve this BT have a use of debates between stakeholders to find the option which best favors everyone in connection with the change 1.
The offenses are harmful to not only businesses in the United States of America but to the world of business as a whole and are unacceptable. If the law had been in place, many shareholders would have been safeguarded but numerous investors lost their lifetime savings by company insiders. The corporate world is a much more secure place with regards to investing with all of the changes and modifications which are now enforced. I still think there are other actions which can be taken to protect shareholders even though the modifications have significantly improved the procedure. Businesses must develop an ethical balance so as not to take advantage of unknowing shareholders who have invested their lifetime
Sultan Molla MGMT-325 Thursday, December 15, 2011 Incentives Incentives are a major factor to consider when you are responsible for a business. Incentives can greatly affect an organization in many ways, and the type of organization determines what incentives are most suitable. These incentives are not standardized; they depend greatly on the region and location. For example each region has laws and benefits for businesses, so what might work for one company might not necessarily work for the other. These organizations make decisions based on the location that offers the best incentives for the business the organization engages in.
While theft and low income consumers bring the possibility of providing only moderate revenue gains, if not a loss, operating in impoverished areas can also be a source of growing potential for the business. Many companies advertise philanthropic missions, such as donating to charities every year or helping to provide for the families of their employees. While these are messages that consumers hear, a more powerful message can be the one that the consumers themselves see. Rather than closing down those stores, Company Q should focus on the reasons for the high crime, and offer ways to reduce that crime rate. Offering work programs that help prepare young people for management or skilled positions is a good way to take crime off of the streets while showing to the community that the business cares about the welfare of the population.
It state that without effective education in the business environment in other counties, employees and business partners are more likely to make incorrect judgments by putting themselves as well as the company at risk of a infringement. The United States companies and their representative and subsidiaries offices must establish strong interior accounting control. The U.S. employers also must ask the tough questions of employees and must work with the persons to come out with a legal solution that still allows them to be competitive. This act cannot be a one time discussion or a few comments after a preparation sitting. It should be an ongoing exchange of ideas that helps the company expand a sound approach for meeting the market necessities within the limitations of the Foreign Corrupt Process
Minimum wages was one of the topics discussed that had many influences toward product pricing of businesses. It is important to understand these concepts and understand the political decisions that may influence the strengths of companies whether they are massive or small. Understanding the negative impacts and comparisons between companies can also help individuals understand the weaknesses that may cause failure to the growth and structure. Some of the factors given in the material for this week have proven severe consequences to past businesses. These factors are very “eye-opening” when discussing the factors that could cause businesses to be put out of business or lose substantial returns on the