Related Essays
Economic Environment
The economic environment of Greece is that of a capitalist economy, but with significant public sector contribution – about 40% of total GDP is from government activity. This speaks more to the relatively small size of the Greek private sector than to excessive government ownership of industry. Tourism is one of the major drivers of the Greek economy, accounting for 18% of GDP (CIA World Factbook, 2017). Thus Greece would be characterized as a mixed economy with some government-owned entities. Greece is a member of the EU, but… Continue Reading...
million to $51.2 million in the similar financial period (BBC News, 2016).
Economic
The economic environment takes into account financial performance, the level of demand and supply within the marketplace, levels of employment, and also consumer base levels. It is imperative for organizations to be economically sound in order to prosper. There is an extensive variety of economic factors that impact Apple Inc. both directly and indirectly. One of the key economic factors is the exchange rate in the market. It is imperative to note that Apple generates more than 60 percent of its entire sales from the global markets and for this reason… Continue Reading...
impact the company's ability to achieve its financial and market objectives. The macroeconomic environment has both direct and indirect effects on the company. The major macroeconomic variables such as inflation, interest rates, unemployment, GDP, and exchange rates can all directly influence the financial performance of the company. But these variables also impact on things like government policy, so there are indirect impacts on financial performance as well, and the financial manager also needs to understand these.
The main tool that financial managers use are complex financial models. These models seek to illustrate the impact that different variables have on the company –… Continue Reading...
the political industry in the restaurant industry. Political factors segment discusses the effects of government intervention on the micro and macroeconomic environments. Significant political factors affecting include:
Public health policies are evolving especially in need to increase awareness towards discouraging the consumption of fast foods. Increased concerns about the calorie content of each food mean the restaurant has to shy away from high-calorie foods.
Employment laws relating to employees safety and rights: The adoption of the Affordable Care Act means that the restaurant will have to provide health benefits to full-time employees; failure to this adoption risks the restaurant a $2,000 fine. Others include EEO, the right to work, wage… Continue Reading...
Money and Inflation
One of the most challenging issues in the modern economic environment is whether inflation or deflation will occur in the near future. This issue has become controversial and divisive among economists because of the volatile economic times. The nature of the modern economic environment has made it difficult for economists to agree on whether inflation or deflation is likely to be experienced in the future. While some economic analysts hold the view that a big increase in inflation is likely to occur in the coming years, others contend that deflation will occur. An example of the difference in opinion… Continue Reading...
is an approach that is significant for comprehending the political, technological, social-cultural and economic environment in which the business operates in.
Political
In terms of political factors, Walmart faces the positive aspect of high stability and also the backing of internationalization and globalization of businesses. The company also faces the pressure of necessitated higher wages as the company pays out low wages owing to its low cost leadership approach (Rowland, 2015).
Economic
Walmart faces pressure from the decreasing economic prospects in the United States prompting more expansion. However, in expanding, the company faces the risk of economic slumps and downturns in different nations… Continue Reading...
different trends that affect its business. These include external factors in the economic, technological, political and social environments. The economic environment has the most direct impact on a company like Target that sells a broad range of consumer staples to a broad audience across the entire country. During the last major recession, Target struggled with sales that tracked GDP, flatlined margins and slugglish profit trends, all the result of consumers reeling in their spending during a time of substantial economic uncertainty (Marketwatch, 2010). For many consumers, Target is seen as slightly higher on the discount hierarchy, so when there is a recession, they trade down to Wal-Mart, dollar stores… Continue Reading...
threats and opportunities and the internal strengths and weaknesses.
Strengths:
Weaknesses:
Opportunities:
Threats:
Economic Environment/Finance and Accounting/Financial Statements
Summary
Provide a detailed summary of what you observed in this particular area of the business. Look in the drawer labeled Business and the information and draw some conclusions about the economic environment of Tims Coffee Shoppe.
Action Items
Discuss the Economic environment and impact on Tims business. Use your accounting and finance knowledge to interpret the Balance Sheet and the Profit & Loss statement. Explain what Tim should do based on your understanding of the financial picture.
Problem Solving/Recommendations
Summary
Give five recommendations on… Continue Reading...
organizations today have more sophisticated challenges to deal with. There have been tremendous changes in the political, social, and economic environments, causing a seismic shift in public priorities. In the US, for instance, there has been reduced spending on defense. Also, workforce downsizings and organizational restructurings have been seen in government agencies in diverse sectors -- from security to health and education. For public sector leaders, working with reduced budgets against the backdrop of ever more complex public issues has become a daunting reality.
Budgetary adjustments in the public sector have in large part been influenced by change. According to Schofield (2008, p. 2), a "relentless pace of change"… Continue Reading...
crime the society becomes lawless especially when the organized criminal groups have taken control over the political and economic environments. Where the organized crime group is dominant, most people in the community who are not part of the organized crime group end up finding it hard to live their life normally.
In the American society transnational organized crime groups involved in drug smuggling and drug trafficking have infiltrated the American society with cocaine,…[…… parts of this paper are missing, click here to view the entire document ]…in the community, reduce the number of deaths, and resolve conflicts between criminal gangs. The funds set aside by the City have… Continue Reading...
employment growth by disrupting equilibrium between wages and their marginal product as well as hampering the ability of labour markets to adjust to various shifts in the economic environment (Jha and Golder, 2008). This may result in negative outcomes such as resource misallocation (Boeri and Ours, 2013). For instance, regulations that mandate increased minimum wage may condense the wage structure, leading to the elimination of less skilled employees from the labour market, thereby increasing unemployment. Additionally, labour market institutions may prevent employers from adjusting resource quantities in accordance to the prevailing economic conditions. During economic recession, for example, firms may not readily slash wages due to the prevailing market regulations. Moreover, collective bargaining systems and other regulations… Continue Reading...
economic environment in which” the business operates (Castka, Bamber,… Continue Reading...
chain management is required to maintain the sustainability of the business (Church, 2015).
The economic environment is generally favorable at present, with unemployment at low levels and economic growth at high, steady levels. The social environment, however, is perhaps less favorable to the types of processed foods that General Mills makes, which are less popular today than they were thirty or forty years ago. Overall, this means that the company has moderately favorable conditions – enough to be profitable but not enough for robust growth.
General Mills has some strength in management, where it has experienced people who know the business, and have worked… Continue Reading...
The economic environment, however, is quite favorable. Young people in the city are often able to land fairly good jobs, especially in industries like software, where the skills possessed by young people are in high demand. The social environment is also favorable. Young people with money love to have a great time, and nightclubs have honestly never gone out of style. There are always entertainment businesses competing for this market, but ultimately the nightclub business has been attractive to our target market for decades. The biggest trend that will impact the… Continue Reading...
that in the short run the number of people who fit within our age profile is declining in New York. The economic environment, however, is quite favorable. Young people in the city are often able to land fairly good jobs, especially in industries like software, where the skills possessed by young people are in high demand. The social environment is also favorable. Young people with money love to have a great time, and nightclubs have honestly never gone out of style. There are always entertainment businesses competing for this market, but ultimately the nightclub business has been attractive to our target market for decades. The biggest trend that will impact the… Continue Reading...
economic environment in which” the organization operates, potential employees can be viewed as being impacted by CSR in the sense that they are on the receiving end of these CSR programs as members or stakeholders in the community (Castka, Bamber, Sharp, 2005, p. vii). CSR thus serves to attract both consumers and potential employees because of the reciprocal nature of relationships (Schyns & Schilling, 2013), which essentially act as the basis of CSR policies.
2.3 Employee perception of CSR and attractiveness to potential employees
Hypothesis 1: Employee perception of CSR… Continue Reading...
the “social, environmental and economic environment in which” the company operates (Castka, Bamber & Sharp, 2005, p. vii). When companies fail to consider the triple bottom line—the impact of their business operations on people and the planet as well as on profits—then they fall into that group of companies condemned by Feldman (2012) in his Sunday Review letter: such corporations fail to appreciate “how their obsession with the bottom line is shrinking their markets, both domestic and foreign.” In other words, companies have a moral obligation to multiple stakeholders—consumers, suppliers, community members and not… Continue Reading...
the role that business cycles play in the macroeconomic environment. The real business theory school of thought holds that economic agents are rational and optimising. Another key assumption is that wages and prices are flexible, something for which there is little evidence in the real world for most goods, and certainly for labour. Business cycles, therefore, arise as the result of shocks to the economy. Because agents are always optimising each transaction, a business cycle change is the result of agents changing their views about future economic outcomes, and the implications thereof on current transactions.
Changes often occur… Continue Reading...
and competitive forces (Jain and Haley, 2011). This paper lays emphasis on the economic environmental aspect, specifically laying emphasis on the manner in which the current state of the economy will impact the completion of an environmental scan.
One of the key objectives of an environmental scan is to gain knowledge and insight that would be beneficial to top-level management in its endeavor of mapping out and outlining the future course of action of the organization. The prevailing state of the economy can have an impact in the completion of such an environmental scan. This is owing to the fact that the external… Continue Reading...
