The study of the environment of society is quite necessary to analyze the relationship between the business and the society and their interdependence with each other. When Organizations also need to find out the level of infrastructure and facility provided before it sets up a unit…
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The significance of the political factors is of a high importance to the organization. Business units look for the infrastructure which the government provides in order to facilitate their line of operation. The government policies do affect the business in a direct way. During the scanning of political factors, issues relating to the politics of different areas are all covered. The areas include the organizational, regional, national and international aspects. The political factors within the organization include the changes relating to the ownership of the organization in the form of amalgamation, merger, acquisition and de-merger. Change in the position of key management personnel is also notice. Another important area which comes under the political factor is the effect which organizations have to face due to change in the government both in the regional and national level. Multinational companies also have to take a close look on the official policy which a government offers towards other countries.
The economic factors relate to the elements which affect the financial position of the organization. The economic factors closely deal with the monetary and the fiscal policy of the government. It is quite obvious that the economic downturns relating to recession or inflation also do affect the organizations. The strength of the national economy is quite a major factor which organizations do consider....
Multinational companies also have to take a close look on the official policy which a government offers towards other countries. Political decisions regarding privatization or nationalization of companies do also have a huge impact (Wiiliams & Green, 1997, p.162) Economic Factors: The economic factors relate to the elements which affect the financial position of the organization. The economic factors closely deal with the monetary and the fiscal policy of the government. It is quite obvious that the economic downturns relating to recession or inflation also do affect the organizations. The strength of the national economy is quite a major factor which organizations do consider. Change in taxation rate and bilateral trade agreements between the countries are also closely supervised (Walters, 2006, p 208) Social Factors: The study of the societal condition is a prerequisite for any business. Any industry exists on the customers. A close research is required on them to study their habits; their life style .The cultural aspect along with the values is quite significant. The study in economic level of different class of society is needed so that the pricing of the products according to the demand is done. Age and the distribution of the population along with other features of demography are analyzed under this section. The study enables an overview of the population study over a particular or whole market segment (Analoui & Karami, 2003, p.76). Technological Factors: In the 21st generation technology has taken the biggest leap among all. The internet has made our job very easy and the access to any service is no more time consuming. Day and day out there is an ...
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Today’s business world is a competitive one and the companies deal with global issues and global competition. The advent of computers along with new and better technology has made the world a small place and opens the local markets to global companies.
5.1.2 Summary conclusion
The study concludes that there can be no single mode of entry that can be termed right for foreign retailers. The choice of entry would have to consider several other factors such as the sub-cultures, consumer characteristics, the local infrastructure, the regulations, past international experience, competitors in the host country, growth and sourcing opportunities.
....................................................................2 Background information......................................................................2 Literature review...........................................................................
Hence, international stores, retailers, and supermarket chains have paved the way for luxury brand retailers. These companies, such as Louis Vuitton and Ferragamo, have made investments as the first batch of luxury retailers to conduct business operations in China during the 1990s (A Plus 2007).
11 The Risks and Challenges of Hotel Expansion. 12 Growth Strategies 13 Hotel Industry in Eastern Europe 15 About Kyiv. 16 Hotel Industry in Ukraine. 16 Theoretical Framework 18 Research Methodology 20 Research Design 20 Population and Sampling 20 Data Collection Instruments and Types of Data 21 Data Collection Tools.
The discussion presented below represents the findings from the research made on the macro factors affecting the wine market situation in the country. It gives an overview of the “political, economic, social, technological, environmental and legal factors” (Xiu et al., 2013) that influence the industry.
However, this posed challenges as retail grocery is a highly competitive, low-margin and high volume industry dominated by global chains where local adaptation is the key to success. China too attracted foreign retailers although government regulations in China in the 1990s were not very supportive of foreign retailers.
China’s admittance into the World Trade Organisation (WTO) in 2001 opened up the Chinese market to the rest of the world, and this enabled retail operations that were 100% foreign owned to operate. Retailers like Tesco, Carrefour and Wal-Mart who dominate the foreign-owned food retail market seized upon this opportunity.
This research will begin with the statement that entry into new market prospects requires strategic decisions that will enable the firm to realize sales and generate maximum earnings. Chipotle Mexican Grill Company wishes to enter the Chinese fast-food industry, having established branches across America and Europe.
2 Pages(500 words)Assignment
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