STAKEHOLDERS For this assignment I will identify and explain the external factors that affect two contrasting businesses which are McDonalds and NHS. TASK 1 - POLICITCAL FACTORS Political Political factors are the changes that take within the government and that’s how it affects businesses. The stability of the government can hugely affect businesses or what type of government is ruling, their ideas such dictatorship, capitalism and others. The economic and trade policy makes it difficult for businesses. Credit crunch and recession are great examples of external factors influencing the business.
But the new opportunities presented with the agreement would be a true test for UPS and how they would handle the pressure from FedEx. Both FedEx and UPS' profits depend on the strength of the U.S. and world economies because economic health is a key determinant of package volumes. Package volumes and economic strength are so tightly correlated that economists will probably study package volume data from companies like FedEx or UPS as an indicator of whether economic activity is slowing or heating up. Increased international trade in finished goods translates into more packages shipped longer distances. But the potential benefits of international trade for FedEx and UPS are not limited to growth in the parcel carrier
However, they did help unite China and form the Yuan Empire. Additionally, the Mongols moved the capital to Beijing in an attempt to make it the center of politics and commerce in China. They made other improvements to encourage trade, such as reorganizing and rebuilding roads, irrigation, and plumbing, building granaries to prevent famines, and extending the Great Canal. These improvements proved successful, as it helped them export in large amounts and become a lucrative center for trade. Nevertheless, their excessive spending severely depleted China’s economy.
Before him, it was very dangerous to travel through these routes because of wars and thieves. But Kublai changed all that. Under his rule, traders traveled safely and caravans took goods to Europe and Asia. The good trade routes helped China in different ways. Chinese traders grew richer because of all the goods they supplied to Europe, Asia and the rest of China.
Many reasons have made KFC’s choice of investment in developing countries more rational such as low cost resources, access to new customers, economic liberalization and certainly to improve their portfolios. KFC’s management has been both; reactive and proactive in their decision to enter the international market .They mixed between two main strategies: franchising and localization to create an opportunity to react to developing markets like china. Their main interest was gaining exposure to the international market and wanting multinationals to invest in their countries where
Although this sounds simple, it is "easier said than done!" as there will always be a conflict of interest between various groups of people. Any decisions made by businesses need to be made with an informed awareness of the specific situation and then act according to some sort of system of principals which is Business Ethics. What is Business Ethics? Business ethics is exactly the same as normal ethics, and that knows what is right or wrong, and learning what is right and what is wrong in a business environment.
The primary issues of RDH management responsibilities; workers, clients, understating the different lifestyle, market styles and successfully performing the excellent management features are resolved in the offer. The new way to create management techniques successfully is by applying different societies through which undesirable miscommunications within the group was removed. This method also helps to understand the characteristics and perform done by the worker in different societies and thereby increasing the efficiency of the company. Introduction: RDH & Guanxi Roaring Dragon Hotel(RDH) was one of the most popular and prestigious three celebrity resorts and the condition possessed business (SOE) in southeast china in 1960’s. RDH was popular for its Guanxi exercise.
The service they supply to their customers does not require the company to break down into segregated divisions; therefore, a divisional structure is too complex for them. On the other hand, the company has a similar hierarchy as that of a divisional structure, however, the need to have multiple vice presidents and directors not necessary. A divisional structure works best for an organization that must be
Knowing this to me is one of the strategies to a successful business negotiation, the other thing is understanding how different societies view business and how external features influence the business such as the value of time in different cultures, politics and again religion. In this essay I have discussed all the major issues that determine culture in different societies and how one should consider them when doing business overseas. Everything is viewed differently in different cultures from the way one dresses when doing business to the protocols followed when negotiating a business deal. Culture Definition Culture is the system of values and norms that are common among a group of people or as one anthropologist by the name Edward Tyler defined is the complex whole which includes knowledge, belief, art, morals, custom and other capabilities acquired by man as a member of the society, society meaning a group of
It plays a critical role in forming effective communication and decision-making process, promoting innovative activities and encouraging employees’ performance in the organization. A key benefit of a strong culture is that there is less need for detailed policies and procedures because the "way things are done around here" is well understood and accepted. A strong organisational culture is like a two edges sword which has its positive impacts on an organisation such as: most customers are highly attuned to their suppliers’ cultures, a well-developed culture may develop teamwork and trust, helps create a safe working environment, and also reduce absenteeism. And it also has its negative impacts such as: makes merging with another organisation more difficult. Attracts and retains similar kinds of employees, thereby limiting the diversity of thought.