...Business Context Clothing Market in the UK: Do consumers make choices primarily on the price of goods or do they take into consideration a non-price factors? Amy Daniels, Justas Kasparaitis, Lukeman Miah, Yamini Snigh and Aleksandra Zwierzewicz TUTOR: Dr. Rukhsana Kansar Date: 31.10.2014 Word Count: 2263 08 Fall TABLE OF CONTENTS: 1. EXECUTIVE SUMMARY 2. INTRODUCTION 3. MAIN BODY: 3.1 . MARKET CHARACTERISTICS 4.1.1. Economic framework 4.1.2. Legal framework 3.2 . CONSUMER BEHAVIOUR 3.2.1. Consumer confidence 3.2.2 Service convenience 3.2.3. Legal remedies 4. CONCLUSION 5. REFERENCES 1. EXECUTIVE SUMMARY This report aimed to investigate whether consumers make choices primarily on the price of goods or whether they take into account a non-price consideration. Report consists of two main parts- market characteristics and consumer behaviour; it shows that non-price factors play a crucial role in consumer behaviour. Changes in economic, legal and political structures have caused an emergence of e-commerce and the decline in High Street sales. Furthermore, the current analyses show that soon e-commerce will take over ‘bricks and mortar’ sellers. 2. INTRODUCTION ...
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...Please answer all of the following questions using examples from either university or your work experience. 1. Tell us about yourself. What are you passionate about? a.) Related to your education or studies/degree? I am passionate about pursuing a career in finance or accounting and this is why I have chosen to do a degree in finance. This will develop my knowledge about the chosen subject as I have no previous experience in a business. I am passionate about working with number and feel this is one of my strengths. I feel my degree is fulfilling my passions on pursuing a career in finance. I think this passion began shortly after the recession as I was fascinated as to how the credit crash occurred. b.) In your personal life? In my personal life I am passionate about a number of things. I enjoy cooking and baking and often make cakes for friends and relative birthdays and anniversaries. My friend recently got engaged and I was asked to bake cupcakes for the party. I also enjoy reading and read often my favourite author being Stieg Larsson. My other passion is volunteering and raising money for charity. I volunteer in my free time at a local youth group I used to be part of when I was little. It is really rewarding work and I think it brings me a whole new perspective on life. 2. Can you give us an example of a successful team that you have been a member of? One successful team that I have been a part of is my volunteering team for the local youth...
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...FULL TIME MBA 2011/12 NAME OF COURSE Business and the Global Context TITLE OF ASSIGNMENT “Discuss how political factors are impacting on the development of an industry of your choice” NAME OF STUDENT DATE OF ASSIGNMENT DEADLINE 21st of November 2011 WORD COUNT 1503 Index Contents Index 2 Introduction 3 Investment Banking Sector:- 4 Definition of Political Risks:- 5 Impact of Political Factors on the Investment Banking 6 Conclusion 9 Reference List :- 10 Introduction Finance has always been centre point of many nations in terms of their economic, social and cultural development. In fact, a nation cannot survive without proper finance and management. This assignment first introduces the fundamental meaning of term Investment Banking and political risk. The assignment focuses on how government is playing major role in formation of investment banking. Examples have been provided which shows governments of other countries with same democratic ruling system follow the same financial regulations. Government also tend to have their own controlled system of investment for national interest. Some examples have been mentioned in the assignment which shows the faulty political interest responsible of collapse of investment banking and later government have to come in picture to save the banks. This assignment also mentions about other direct and indirect social, economic effects influencing political decisions on investment banking. At...
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...GBCGlobal Business Context (BIM) Section (A) 60% of mark Explain how (i) consumer demand for housing (ii) predatory selling of mortgages to the sub-prime market and (iii) mortgage-backed securities generated a housing bubble in the United States of America before September 2007. There were quite a few “players” that helped cause the financial crisis and gave birth to a bubble in the USA’s housing market. One of them is the consumer demand for the housing. Obviously consumer demand was high for people to own their own home in America “with bankers offering home buyers 0%-110% mortgages” encouraging buyers to want to buy a home even more, then with that America tried to meet the demand, supplying more houses due to constructing new ones. Luci ellis said that “Firstly, the US housing construction boom itself helped create this vulnerability. In contrast to some other countries, strong housing demand was met with additional supply that exceeded underlying needs. When the boom stopped, the United States was left with an overhang of excess supply that other countries have not built up” so By the end of that year, housing starts had fallen by around 40% “ therefore in the end the supply was greater than the demand and the US had spent money on houses that no one needed. However Paul Krugman, (September 2009) said that “Few economists saw our current crisis coming, but this predictive failure was the least of the field’s problems. More important was the profession’s blindness...
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...Individual Assessment SM0269 Global & International Business Context Nurhuda Binte Md Yassin Student ID: 12034616 Word count: 3,189 words INTRODUCTION This report aims at facilitating the company’s decision-making process concerning the consideration of expanding its international operations in food retailing to South Africa. The overall competitiveness and investment attractiveness will be based on the extended version of Porter’s National Diamond and supplemented with key management issues of South Africa food retail industry, to which the company can tailor its strategy. The analysis recommendations will be made, that need to be considered by the company before deciding in opening its operations in South African food retail industry. Brief Summary of South Africa Food Retail Industry |South Africa, a growing retail market with a population of around 49 million people, possesses a modern infrastructure supporting relatively | |efficient distribution of goods to urban centres, townships and rural areas throughout South Africa and Southern Africa (Ntloedibe, 2010). South | |Africa have been identified among the ten new markets most likely to appeal to multinational store groups, along with four other African countries -| |Algeria, Kenya, Morocco and Nigeria (Ventures Africa, 2012). ...
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...BUSINESS COMMUNICATION BUSINESS COMMUNICATION AND THE TECHNOLOGY CONTEXT You are sitting at your computer when you hear the familiar musical chord that announces an incoming message. You activate your interview line, and the communication manager of your company appears in the comer of your screen. "Thought you would be interested in this memo from headquarters," she says. "regarding the new communication system we're installing. Soon we'll be completely wireless, and you'll be able to receive and transmit images that can fill your screen rather than sit in the corner of it," She chuckles. "That's assuming you want a larger image of whoever you're talking to!" You chat for a few minutes while the copy of the memo is being sent. Within a minute or two, your printer gives you a copy of the memo. You say goodbye and deactivate your interview line. Why Managing Information within Organizations? The growth of information technology over the past 30 years has transformed the way business is transacted throughout the world. Obvious effects of the new technologies include a marked increase in the amount and availability of information and greater speed in sending and receiving it. Other, less obvious effects are changes in organizational structure from the diminishing importance of physical location in running a business. Additional changes involve requirements in computer literacy even for entry‐level positions and changes in individuals' work demand and expectations...
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...Evaluation of Talisman Energy’s Hydraulic Fracturing Practises in Hudson Hope ABSTRACT To meet the demand of oil in today’s oil dependent society, Talisman Energy is looking to exploit a mine located in Hudson Hope, British Colombia. The most suitable extraction process is hydraulic fracturing, which currently presents several environmental concerns to the residents located near the mine, and a representation of the general public who believe that hydraulic fracturing is not an ethical method of extraction. Talisman Energy has recently been granted a long term contract to utilize fresh water from BC Hydro’s Williston Reservoir. Local residents are concerned about the additives used in Talismans fracking process, as well as the depletion of their fresh water source. The major environmental concerns associated with hydraulic fracturing include the presence of fracking additives in ground water supply, human induced earthquakes, and the use of large amounts of fresh water supply. Talisman Energy’s proposed plan of action was evaluated using a set of ethical decision making criteria in order to determine if Talisman Energy can be considered an ethical and socially responsible company. An analysis of the criteria determined that Talisman Energy currently fails to operate as an ethical and socially responsible company. Specifically, Talisman Energy did not take the initiative to evaluate more sustainable fresh water sources. It was concluded that upon further exploration in...
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...Table of Contents 1.0 INTRODUCTION 3 2.0 PORTER’S NATIONAL DIAMOND ANALYSIS 3 2.1 THEORETICAL FRAMEWORK 4 2.2 FACTOR CONDITIONS 5 2.3 DEMAND CONDITIONS 6 2.4 RELATED & SUPPORTING INDUSTRIES 7 2.5 FIRM STRATEGY, STRUCTURE & RIVALRY 7 3.0CONTEMPORARY MANAGEMENT ISSUES 8 3.1 CORPORATE SOCIAL RESPONSIBILITY 8 3.2 CORPORATE GOVERNANCE 10 4.0 MARKET ENTRY STRATEGIES 11 4.1 JOINT-VENTURE 11 4.2 DISTRIBUTION SYSTEM 12 5.0 CONCLUSIONS 13 6.0 REFERENCES 14 1.0 INTRODUCTION The purpose of this paper is to discuss and evaluate the attractiveness of the food retail industry in India. Research on the Indian food retail industry will be executed to construct an analysis of the overall competitiveness and investment attractiveness. In Part 1, the researcher will apply the extended version of Porter’s National Diamond (PND) model to the Indian food retail industry. In Part 2, two key management issues will be taken into account and analysed before developing any further operations into the Indian food retail industry. In Part 3, two market entry strategies will be selected, compared, and discuss the advantages and limitations of each to determine the optimal strategy to be implemented in regards to the Indian food retail industry. 2.0 Part 1: PORTER’S NATIONAL DIAMOND ANALYSIS India has experienced significant social and economic change as of late, enabling a solid consumer market for foreign retailers. According to UNICEF, the Indian economy has been booming, with...
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...OTPR PROJECT ON TATA MOTORS LIMITED Group 1: Raviteja Palanki (14S636) Niharika G (14S628) Souvik Sarkar (14S649) Mahalasa Kini (14S623) Sulagna Kakoti (14S650) Soumya Punyamurthula (14S648) 1|Page Brief Introduction: Tata Motors Limited is India’s largest automobile company, with consolidated revenues of INR 2,32,834 crores (USD 38.9 billion) in 2013-14. It is the leader in commercial vehicles in each segment, and among the top in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments. It is also the world's fifth largest truck manufacturer and fourth largest bus manufacturer. The Tata Motors Group’s over 60,000 employees are guided by the mission “to be passionate in anticipating and providing the best vehicles and experiences that excite our customers globally.'' Established in 1945, Tata Motors’ presence cuts across the length and breadth of India. Over 8 million Tata vehicles ply on Indian roads, since the first rolled out in 1954. The company’s manufacturing base in India is spread across Jamshedpur (Jharkhand), Pune (Maharashtra), Lucknow (Uttar Pradesh), Pantnagar (Uttarakhand), Sanand (Gujarat) and Dharwad (Karnataka). Following a strategic alliance with Fiat in 2005, it has set up an industrial joint venture with Fiat Group Automobiles at Ranjangaon (Maharashtra) to produce both Fiat and Tata cars and Fiat powertrains. The company’s dealership, sales, services and spare parts network comprises over 6,600 touch points...
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...ASSIGNMENT ON THE DEMOGRAPHIC, SOCIAL & CULTURAL CONTEXT OF BUSINESS Submitted To: Mr. Ruhual Amin Faculty Member, BRAC University Submitted By: Iffat Zarin Khan ID No: 15364042 MBA, BRAC University Subject Name: Business Environment Subject Code: BUS503 Date of Submission: 8-12-15 Review and Discussion Questions 1. What is meant by an “ageing population”? Examine some of the key ways in which an ageing population can affect the supply side of the economy? Answer: Population ageing is a phenomenon that occurs when the median age of a country or region rises due to rising life expectancy and/or declining fertility rates. Aging of population (also known as demographic aging, and population aging) is a summary term for shifts in the age distribution (i.e., age structure) of a population toward older ages. A direct consequence of the ongoing global fertility transition (decline) and of mortality decline at older ages, population aging is expected to be among the most prominent global demographic trends of the 21st century. Population aging is progressing rapidly in many industrialized countries, but those developing countries whose fertility declines...
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...Title of report Business Issues and the Contexts of Human Resources Centre Module Name Submitted by Tutor Submission Date Word count CIPD Membership Number Contents LO3: Understand the role of HR in the managing of contemporary business issues and external contents. 3.1 The forces shaping the HR agenda ………………………………………………………………………………4 3.2 How HR contributes to organisational effectiveness ……………………………………………………4 3.3 HR’s roles and functions in management structures ……………………………………………………5 3.4 HR’s contribution to business ethics and accountability ………………………………………………5 LO4: How organizational and HR strategies and practices are shaped and developed 4.1 The role of HR in strategy formulation and implementation ………………………………………..6 4.2 Techniques and tools used to analyse organisational and business environment …………7 4.3 Vertical and horizontal integration ………………………………………………………………………………7 LO5: How to identify and respond to short term changes in the business data for planning purposes 5.1 HR’s role in business planning ……………………………………………………………………………………8 5.2 Environmental planning and the sources of business data for planning purposes ………8 5.3 Evaluate how agreed strategies, policies and plans are put into action within organisations … Bibliography …………………………………………………………………………………………………………………………9 Appendix …………………………………………………………………………………………………………………………….10 SWOT ANALYSIS …………………………………………………………………………………………………………………..11 PESTLE...
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...BUSINESS ETHICS AND CSR IN THE CONTEXT OF SAMSUNG ELECTRONICS 1.0 Introduction In the 21st century of business, there are number of factors apart from the financial figures that play a vital role for the success story of the business corporations. These factors include the culture adopted by the business, philosophy of the management of the company, code of ethics and standards followed by business. The presence of all of these factors in the business’s ethical guidelines has a significant impact on the ability of the business organisations to perform well on the long term basis. In this report the Samsung Electronics’ ethical issues are studied along with the importance of the business ethics and Corporate Social Responsibility (CSR) practices adopted by the business organisations. The upcoming sections of this report present information about the meaning and importance of business ethics which is followed by the description of the violations of the ethical issues by the Samsung Company and the also the role of Samsung management in promoting CSR and overcoming ethical issues. 2.0 Meaning of Business Ethics The primary objective of each and every business organisation is to run business for the purpose of profit as well as the maximisation of owners’ wealth. Profit can be maximized by selling goods and services at reasonable prices and as far as wealth is concerned this can only be maximized if business follows the required ethics. The term business ethics...
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...Global and International Business Contexts – SM0269 W13012208 Jack Goddard Word Count: 3457 Table of Contents Introduction 3 Part 1: Porter's National Diamond Analysis 3 Part 2: Contemporary Management Issues 7 Part 3: Market Entry Strategy 11 Recommendation to the Board of Directors…………… ……………………………… ….13 Appendices 14 References 15 Introduction This report has been written by the Boston Consulting Group and uses Porter’s national diamond analysis model to evaluate the attractiveness of investment opportunities in the Tunisian wine industry. Also discussed are two key management issues that need to be taken into account before developing operations in Tunisia followed by recommendations on two strategies for entry into the Tunisian wine industry market. In terms of background to this report, it should be noted that the global market for wine industry is changing significantly with substantial differences in the structure of the wine industry around the world. For instance, there are 232,900 wine producers in France but the top 10 brands control only 4% of the market. In contrast, four firms control over 75% of the Australian wine market. Hence there is a marked difference in industry structure when comparing the “New World” producers (e.g. Australia, Chile, United States) to the “Old World” firms. These structural differences are driven by institutional...
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...buyers 6 The bargaining power of suppliers 6 The intensity of rivalry among competitors in the industry 6 Structure of industry 6 Conclusion 7 List of References 9 Bibliography 10 Appendix 1 11 Introduction For this assignment I will be investigating the structure and analysing the environment of the music retailing industry. To analysis the industry I will be using three main techniques. These techniques will be a macro and micro environment analysis, porter’s five forces and a PESTEL analysis. Microenvironment The microenvironment is the environment which has a direct effect on the business or industry, such as customers, staff, rivals and etc. The microenvironment is also not confined to one country either because in today’s market suppliers for example often come from all over the world. The effect of the microenvironment is often what leads a business to be a success or failure. The main players in the music retailing industry are Apple, Amazon and HMV (Datamonitor, 2007). The biggest and most recently change in the music industry has been its distribution channels. The only way music could once be purchased was through buying a CD from a music retailer. Now music can be downloaded via a computer, mobile phone etc. The online distribution of music has been such a strong factor it has forced the industry to reconsider and change its distribution channels (Meisel & Sullivan, 2002). 30% of all music purchases are now done through an online retailer such...
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...formation and operation of business contracts. You are encouraged to explore the content of these agreements and then develop skills relating to the practical application of business contracts, including offer, acceptance, intention, consideration and capacity. As a newly appointed human resources officer for an organisation called SimoSito (a software development company), your line manager has asked you to prepare a report with supportive examples of contacts for the organisation covering different types of contracts that the organisation can use or adopt. You will produce an individual written report for this assignment. The report should be approximately 2000 words and presented in formal report style. Assessment 1: ELEMENTS OF A VALID CONTRACT IN A BUSINESS CONTEXT Assessment Period: 6 weeks Learning Outcome: LO1 Understand the essential elements of a valid contract in a business context Assessment Criteria 1.1 explain the importance of the essential elements required for the formation of a valid contract 1.2 discuss the impact of different types of contract 1.3 analyse terms in contracts with reference to their meaning and effect TASK BRIEF Task 1: This task addresses LO1- 1.1/1.2/1.3 Produce a report that can be used to explore the types of business contracts, their terms, their meaning, their effects, and their impacts on a business. Support your report with examples of such contracts. There are a variety of business contracts available to businesses...
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