Solution Library

Global Business Environment And Factors Affecting It

Question

There are many different factors within the global business environment which have a significant influence on the way a business operates. Some of these factors are economic, political, legal, cultural or environmental. In order to operate successfully, it is essential for a business to take these factors into consideration and plan their business practices accordingly.

Business practices are policies, procedures, processes, methods and rules established and followed by a business in order to be successful. Business practices are employed in all divisions of a business, for example: human resources management, sales, marketing, communications, finance, customer service, supply chain and logistics, legal, and information technology.

Your mission:

Choosing from economic, political, legal, cultural or environmental factors, discuss 2 factors which are impacting on the way business operates within your allocated economic region.

Make sure that you discuss each factor as it relates to business within your particular region, and also provide examples of how each factor is impacting on business practices within that region.  What can you conclude from your research?

Summary

The question belongs to Corporate Strategy and it is about the various factors within the global business environment which have a significant influence on the way business operates. Some of these factors including economic, political, legal, cultural and environmental factors have been discussed in the solution in detail.

Total Word Count 820

Download Full Solution

Comments

  • HWA
    Rasha

    this is a very good website

  • HWA
    maani

    I have 50 questions for the same test your page is showing only 28

  • HWA
    joeanne

    hi can you please help or guide me to answer my assignments. thanks

  • HWA
    joeanne

    hi can anyone help or guide me to my assignments. thanks

  • HWA
    Monik


  • HWA
    Cristina

    This solution is perfect ...thanks

  • HWA
    Janete

    Hello Allison,I love the 2nd image that you did! I also, had never heard of SumoPaint, is something that I will have to exolpre a bit! I understand completely the 52 (or so) youtube videos that you probably watched. Sometimes they have what you want, sometimes they don't! However, it is always satisfying when you are able to produce something that you have taught yourself. Great job!Debra 0 likes

  • HWA
    Sandeep

    Perfect bank of solution. 

  • HWA
    Oxana

    great !

  • HWA
    Paul Brandon-Fritzius

    thanks for the quick response. the solution looks good. :)

  • HWA
    tina Johnson

    thnx for the answer. it was perfect. just the way i wanted it. 

  • HWA
    Giuseppe

    works fine.