Factors Affecting Global Business Environment - 1589 Words

As one of the most dominant organisational forms in global business environment, family businesses have been drawing attention among management scholars with a strong focus especially on â€Å"succession, performance, and governance† of these companies (Astrachan Shanker, 2003; Zahra Sharma, 2004). Although the first attempt to conduct research on family businesses can be traced back to Trow’s (1961) empirical study entitled â€Å"Executive succession in small companies† in which he investigated the factors that affect succession planning for top positions in small companies, its popularity has started to increase after 1980s (Benavides-Velasco, Quintana-Garcia, Guizman-Parra, 2013). In their cluster analysis, Benavides-Velasco et al. (2013) have found that â€Å"succession†, â€Å"governance†, â€Å"organisation theory†, â€Å"SMEs†, â€Å"ownership†, and â€Å"human resources† are the main areas of research that have been studying in the existing family business literature. However, despite the growing interest in these topics, this field of research can be regarded as still a burgeoning field of inquiry and even considered to be in its infancy (Chrisman et al., 2008). The dearth of studies in this field can be attributed to the lack of a standardised definition of family business and its boundaries (Handler, 1989; Sharma, 2004). This lack has led to crucial challenges for distinguishing family- from nonfamily businesses (Astrachan, Klein, Smyrnios, 2002). In an attempt to eliminate definitionalShow MoreRelatedGlobal Business Environment Factors Affecting Myanmar1153 Words   |  5 Pagesthis report is to evaluate how a range of global business environment factors affect Myanmar, also known as Burma. The report will give insight into the demographics and political, economic and legal systems of Myanmar. It will explore in depth the economic growth of the country in recent years, as well as ho w foreign direct investment has affected the country. It aims to explain the nature and interconnectedness of factors within the global business environment with reference to theoretical conceptsRead MoreCompany Overview: Flight Centre in Australia1720 Words   |  7 PagesCentre Company in Australia Identify the various elements of Flight Centres Company in Australia (external and internal environment). Analyse how the environment might influence the companys management style. Introduction Flight Centre Limited engages in travel agency business activities. The organization focuses on the provision of complete travel service for leisure and business travellers in various countries across the globe. These nations include Australia, New Zealand, Canada, United StatesRead MoreEssay about PESTEL Analysis986 Words   |  4 PagesSelling goods in the global marketing is extremely challenging. Discuss the major political, economic, socio-cultural, technological, legal and ecological challenges that a global marketing manager may have to contend with? The following analysis known as the PESTEL analysis is a framework used to scan the organization’s external macro environment which refers to forces that are part of the larger society and affect the micro environment. Selling and marketing goods in the global market intensifiesRead MoreMicrosoft Internal And External Factors1652 Words   |  7 Pages Trends Business Environment: Successful companies practice a disciplined management strategy which encompasses the four functions of management: planning, organizing, leading, and controlling. The application of these management practices is evident in further analyzing the management construct of Microsoft Corporation. A global corporation who specializes in providing technology solutions for five different business segments ranging from personal computers to gaming devices, Microsoft has demonstratedRead MoreWal-Mart Case Study1097 Words   |  5 PagesIII. External Environment: Opportunities and Threats A. Societal Environment 1. Wal-Mart’s general environmental forces, which greatly impact the task environment, include technological, socio-cultural, economic, political, and legal forces. These forces tend to be challenging to identify and are affecting both the corporation and the industries in which it competes. Because they are indirect forces, which for the most part are out of management’s control, they may present threats and exposeRead MoreGlobal Factors Affecting Business1002 Words   |  5 PagesGlobal factors affecting business The way of running the business differs from country to country. The marketing, sales and technical skills are required to increase the productivity of business. Business in general is enhanced when people from different cultures find new approaches to old problems, creating solutions by combining cultural perspectives and learning to see issues from the viewpoint of others. Business Environment consists of factors influential to the business operations. TheseRead MoreThe General Macro Environment And Industry Attractiveness1101 Words   |  5 Pagesanalysis looks at the general macro environment and industry attractiveness. A PESTEL analysis will be used to look at the macro environment and Porter’s Five Forces framework will follow to provide a clearer picture of industry attractiveness. PESTEL Kohl’s needs to consider political factors affecting the retail market, which usually pertain to governmental policy. The following represent current political external factors that are present in the macro retail environment in which Kohl’s competes: 1.Read MoreSwot Analysis Of Singapore Airlines1060 Words   |  5 Pagesexisting problems and their solutions as well as opportunities for improvement. Baines, Fill Page (2011) note that consider the health of three marketing aspects, namely the external opportunities and threats, the changes occurring in the marketing environment, and the quality of the organisation’s products, marketing procedures, resources and capacities. Additionally, it through an audit that an effective marketing plan can be devised to attain set marketing objectives such as increasing sales, creatingRead MoreStrategic Leadership And Decision Making1454 Words   |  6 Pagescontinents employing 3,600 farmers and 17,000 other workers across the world (McCain, 2015). McCain has had several external environmental factors affecting their business including social, legal, economic, political, and technological forces that they have had to overcome and adapt to. Due to these factors, McCain has had numerou s opportunities and threats that affect business strategy, philosophy, and initiatives. The volatility, uncertainty, complexity, and ambiguity of strategic planning and decision makingRead More managing global Essay1514 Words   |  7 Pagesfrom a global perspective requires managers to pay close attention to factors in the external environment, which may affect an organisations success. It may be, however, that factors in the internal environment will also influence success in a global environment. It is important for global managers to be familiar with the factors of the external environment and pay close attention to the management of the internal environment because factors from both the internal and external environments will most