Business and Marketing Discussions (Coursework Sample)
Factors in the remote environment help inform decision making. Which are most important among the economic, technological, social and demographic, political and ecological segments? What competitive forces shape industry environmental dynamics? What do characteristics of enterprise competitive position, customer profile analysis, and human resource availability, reveal about the operating environment? What was once a focus on domestic enterprise activity, then international, has given way to global enterprise. What unique strategic challenges does functioning in the global environment present relative to achieving competitive advantage and overall enterprise performance? What does your organization do strategically for global business?source..
A variety of factors affects and influences the business field in terms of the process of making decisions. Among the main, factors include economic, demographic, social, ecological and political. Social factors play an important role in determining the trend in the market. The cultural beliefs, practices, tastes and preferences are huge determinants of the dynamism in the market. What the consumers in the market wants will largely determine the direction taken. Factors political also in shape the dynamism of the market. Investors will hardly invest in a politically volatile environment. This is due to the risk involved and the lack of guarantee. When investors feel that the current state of politics is very volatile, they tend to keep awa...
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