This website uses cookies to ensure you have the best experience. Learn more

P6 Compare The Challenges To Selected Business Activities Within A Selected Organisation, In Two Different Economic Environments

791 words - 4 pages

P5: Describe the influence of two contrasting economic environments on business activities within a selected organisation.
M2: Compare the challenges to selected business activities within a selected organisation, in two different economic environments.

This assignment is asking me to describe the influence of two contrasting economic environments on business activities within a selected organisation.
Nike is a global brand specialising in the design and manufacture of athletic apparel, footwear, accessories and equipment; it is headquartered in the United States, Europe, and the Asia Pacific Region. Its products are available ...view middle of the document...

Changes in the government policy make up the political factors. The change can be economic, legal or social. It could also be a mix of these factors.
Increase or decrease in tax could be an example of a political element. Your government might increase taxes for some companies and lower it for others. The decision will have a direct effect on your businesses.
The Business cycle
The business cycle is a cycle or series of cycles of economic expansion and contraction, where the economic activity in the UK is measured via Gross Domestic Product. GDP is the value of all goods and services produced in the UK each year. Moreover within the business cycle there are 4 stages. These are: Boom, recession, slump and growth. Each of these 4 stages has its impact on the cycle significantly.
Inflation
Inflation is a general increase in prices and fall in the purchasing value of money.
CPI - A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food and medical care
RPI - In the United Kingdom, the retail prices index or retail price index (RPI) is a measure of inflation published monthly by the Office for National Statistics. It measures the change in the cost of a representative sample of retail goods and services.
Economic policy - Economic policy refers to the actions that governments take in the economic field. It covers the systems for setting levels of taxation, government budgets, the money supply and interest rates as well as the labour market, national ownership, and many other areas of...

Other assignments on P6 Compare The Challenges To Selected Business Activities Within A Selected Organisation, In Two Different Economic Environments

Celeritas, Inc.: Leadership Challenges In A Fast-Growth Industry

1920 words - 8 pages changing environment. • Implement sharing information and working together idea along all the divisions to strive for a common goal. Boyer needs to change his leadership style and concentrate more in implementing “We as a team” than “I” in the business. It will be a difficult change, however, an effective one. By leadership changing, it will have a positive affect on management too, and encourage for all divisions to have trust amongst each other, voice and opinion in the firm and a common goal to strive together.

Biggest Challenges Today Are To Control The Network Security

399 words - 2 pages department deals the damaged media. Hacking Into a Website Some being able to hack into a person’s web site is never going to be justifiable. A hacker is someone who illegally gets a hold to personal and private information in a computer system. This person then tampers with the information and start to cause problems. AT&T was a victim of someone hacking into their computer system and stealing the email addresses that Ipad buyers use when

P2 - Describe The Different Stakeholders Who Influence The Purpose Of Two Contrasting Businesses

650 words - 3 pages Apple and McDonalds. External stakeholders are groups or individual who are not a part of the business External: * Suppliers * Customers * Shareholders * Society * Govt. Internal: * Employees * Manager * Owners of the company Different stakeholders and their influence on the purpose of the two organisation Employees – the employees of Apple and McDonalds wants to secure their employment in that business

The Steps To Business Management

338 words - 2 pages that if there is something that I have a question about to ask Dennis and that to always ensure I communicate with him with any time off and any tickets that I am taking or if I am left with nothing to do. 6. We set that once all projects were taken care that I would be in TSR work and that I would go through a two-week process of shadowing to understand the process of how the work is done.

The Economic Impact Of Unemployment In The Uk

1771 words - 8 pages Introduction The economic wellbeing of any nation relies on upon the rate of the financial development. There are a few determinants or the components for the monetary advancement of a nation like industrialization, agribusiness, populace, and livelihood and so on; one of the real marker for the financial development is business rate, as it has an unfriendly effect all in all economy. At whatever point there is high level of business rate the

Poker In The Business Wolrd

1644 words - 7 pages involving resumes, job interviews, business deals, psychological tests, etc. One of the main issues that raise concerns is if bluffing in business to get ahead is ethically right or wrong. Two different opinions on this issue by Albert Z. Carr and Norman E. Bowie give great insight on this controversial topic, but I shall argue that bluffing in the business world is a completely fair strategy to use to maximize profits. In “Is Business

Manage Own Performance In A Business Environment

1979 words - 8 pages Unit 201 Manage own performance in a business environment 1.1 Outline guidelines, procedures codes of practice relevant to personal work There are a number of guidelines and procedures in place to enable me to do my job not only to the best of my ability but in a professional manner. Whilst in the warehouse there are procedures that need to be followed. When entering the building, I need to sign a fire register with time I’ve

“Marketing Should Be The First Activity In Starting A New Business Venture”

814 words - 4 pages many customers. Consumers get to know more and more about the products through marketing. Let's have a brief discussion about the importance of “Marketing”, why it should be prioritized the most in starting a new business venture. Brand/Name & Fame Recognition: Consumers look for “Branded Materials” now a days. So “Brand Recognition” can only be possible with high marketing activities. Marketing is one of the most powerful activities

The Ten Keys To Business Success

683 words - 3 pages Number The most important number in business is cash flow. Cash flow is to the business as blood and oxygen are to the brain. You can have every activity working efficiently in your business, but if your cash flow is cut off for any reason, the business can die, sometimes overnight. Key Goal Every business must have a growth plan. Growth must be the goal of all your business activities. You should have a goal to grow 10 percent, 20 percent

The Role Of Ethics In Business Evolution

1680 words - 7 pages & Co. Ltd., 1897) case, paving the way for modern firms. Melé’s argument was revolutionary in that he considered the firm a wholesome person, bearing moral responsibilities for communities that it may potentially affect. This response paper aims to analyse Melé’s paper, further discuss his ideas, and finally incorporate the role of ethics in human evolution to project the possible direction of business evolution. The article started by

Shimano's Success In The Bicycle Business

2269 words - 10 pages Explain the factors behind Shimano’s success in the bicycle parts market During the history of the company Shimano overcame its challenges by adjusting its strategy to changes in the market while at the same time establishing its core strength - strong focus on technology to create innovative and quality products - establishing a direct line to customers and iterating on its product based on their demands - transferring technology between

Similar Documents

Explain How The Management Of Human, Physical And Technological Resources Can Improve The Performance Of A Selected Organisation

435 words - 2 pages Managing business resource is vital for any business if they are determined to do well. A business has two types of resources and by managing the business resource it can improve the performance of the business in many areas such as profit margins and market share. If Tesco use they staff in an appropriate manner and make use of all they skills and abilities then the business can gain high amount of output for instance high level of productivity

The Myths Within Different Cultures Cosmic Creation

1329 words - 6 pages The myths within different cultures cosmic creation 105 6/29/2015 Dr. AMBRONITA DOUZART The myths within different cultures cosmic creation With the stories of the myths creations, they have told to generation-to-generation. To give a clear understand, of the world how it started. Also created to what it has become now. It explains the reasons of how the human being created, in came to function on in the world. With these

A Comparative Study Of The Elastic Limit Of Two Different Brands Of Rubber Bands

2712 words - 11 pages AUSTRALIAN INTERNATIONAL SCHOOL 2332 Chino Roces Ext., Fort Bonifacio, Taguig, Philippines A Comparative Study of the Elastic Limit of Two Different Brands of Rubber Bands A Research Paper Presented to the Faculty of Australian International School In Partial Fulfillment of RAISE Program (Research in Australian International School for Excellence) Ramos, Anna Dominique A. Grade 10 School Year 2013

“Underdevelopment Is Primarily A Consequence Of Cultural Rather Than Economic Factors”. To What Extent Do Sociological Evidence And Arguments Supports This View Of Underdevelopment In The World Today?

1103 words - 5 pages rural areas and enjoy a comfortable lifestyle. Life expectancy is high and most citizens have access to health-care and free education. On the other hand a problem with this is that It assumes Western forms of capitalism to be the ideal and conveniently ignores the social and economic problems that are common in those societies, e.g. high divorce-rates, crime, poverty, suicide, etc. Fully developed countries such as USA have a high mass