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.
“Franchising emerged as a business model that would allow Mad Science to expand without requiring substantial investment”. (P.563 Case B-4 The Mad Science Group) For example, one of the greatest challenges for a new company expanding its market in a new country is considered a lack of understanding of the local culture. However, franchising provides a good way to reduce this shortcoming because it uses the already established experience of the franchisors – usually are local people. in different countries, local culture is always considered as a big problem for the company because. However, franchise will be a good way to reduce those cultural risks, because franchisors are always local people.
Before colonialism came to Africa, the continent was thriving. As Boahen says, “the most surprising aspects of the imposition of colonialism on Africa were its suddenness and its unpredictability.” Because prior to this, there was growing independence of many African nations. The slave trade had a major impact on Africa and its ability to grow economically. It also hindered family structures due to the massive amounts of men between ages 18 and 30 who were taken for slaves. African cities and towns did not have
Known also as Black Tuesday, October 29th left stockholders shattered with recorded losses reaching $40 billion dollars (Kelly, n.d.). Many banks and financial institutions began collapsing which led to irretrievable, uninsured deposits and savings. Fearing further loss, people began spending less which led to a decrease in production and an increase in unemployment. As companies began to fail, the government devised the Smoot-Hawley Tariff in order to protect American businesses. The Tariff placed high taxes on imports leading to a decline in international trade.
The main argument of this article is to give a brief history of Africa, and the continents rich source of treasure. The topics that this article covers are treasures, economic growth and investors. This article is mainly to portray the important riches of Africa that attract This article isn’t a very reliable source because I won’t be using it to often.. Compared to the other articles in my annotated bibliography I would say this one is fairly important because it helps me open up my research. This article is reliable when it comes to getting information because comes from the CQ Global Researcher published on Nov 20, 2012.
The 1960s-1970s was a time period that was very important to American Society. It helped in many aspects but also destroyed in other aspects. After the assassination of President John F. Kennedy, President Lyndon B. Johnson was put to charge. His administration did a few things effectively and vice versa. President Lyndon B. Johnson’s administration effectively made the :Great Society” and then tackled the growing issue of poverty through this program but unfortunately could not help the gender discrimination of this time period.
John majors government came into office after the downfall of Margret Thatcher, which ultimately created divisions within the party. Not only did the party suffer from the internal conflict but also faced the problems of the recession after the ‘Lawson boom’. In order to stabilise the economy he joined the ERM getting a good deal but ultimately resulting in ‘black Wednesday’ causing Major to raise interest rates to 15%. This was political suicide and he soon lost the support of the press we had once relied so much on to get re-elected in 1992. The housing market also plummeted leading to negative equity, which the majority of the working class could not afford resulting in the repossession of their houses combined with the drastic increase in unemployment Britain was in a mess.
Running head: Senegal Senegal D.K. DeLong Manchester University Senegal Senegal represents West African culture. The music scene here is world-famous, the beaches are sugary, and the people are known for their friendly nature. But Senegal faces its share of challenges, including massive unemployment, a simmering separatist movement, and a population dependent on agriculture. Collectively, these factors help explain why, despite a stable democratic government and relative prosperity, Senegal remains one of the poorest countries in the world.
The Great Depression was a severe period of poverty and tragedy. It effected many other countries not just America; especially in Europe, where many countries had not fully recovered from the aftermath of World War I. The cost of World War I weakened the ability of the world to respond to a major crisis. America alone had ten billon dollars of debt from the war. In Germany America’s economic failure contributed to the rise of Adolf Hiltler, so the Stock Market Crash had a domino effect on our country and others.
It has continued to be one of the most crucial challenges facing the country. It has recently been described by the Archbishop of Canterbury as an increasingly “toxic and corrosive problem.” As a result of the recession, a growing number of our youths haven’t had the opportunity to enter into the labour market. This was due to the fact that during the recession period many companies around the country (both within the private and public sector) resort to cutting the hours and freezing the pay of their existing employees rather than cutting their jobs, thus leading to a recruitment freeze. Hence, this meant the vast majority of young people leaving education were not able to obtain any form of employment. Furthermore, most employers are less likely to employ people with little or no experience or skill and unfortunately young people would fall into this category and so would be left without jobs.