Business environment Essay Samples and Topic Ideas
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business environment 1386840102997000In a changing business environment, organizations tend to stretch their tentacles beyond their anticipation at the foundation stage. Technology renders many aspects of ordinary business conduct obsolete in no time. Also, there is the need to expand for any business to remain competitive in a cutthroat business world. All the changes that take place in commerce require a leader that would help an organization wade the waters with ease (Nahavandi, 2015). Appreciation of diversity should be among the top priorities of any business in the current commerce environment. Leaders should always encourage innovation and creativity among employee. Innovation and creativity...
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business environment can be termed as volatile. The rapid growth that has rendered the country 11th when ranked among other Asian countries. The high GDP per capita from the outlook communicates a large domestic market is waiting to be served. However, the risks that come with this are also worth noting. Threats like the weakening of the government to the Chaebols are a scare. The business culture of South Korea where there are economic powers sabotaging labor availability is pronounced upfront business challenges. Nevertheless, based on the GDP per capita scale, the South Korean business opportunities are quite diverse and lucrative. The country is heavily invested in talent, production and quality...
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business environment in the host country including the products’ color, packaging, design, and promotion strategies. It is also essential to learn how the people use body language in the new country. Using inappropriate language is considered ineffective as it may cause misunderstanding between partners (Meyer et al., 2006). Additionally, organizations need to overcome the language barriers through frequent communication and interaction with the culture and norms of the host country. Robbins and Judge (2012) argue that culture influences how people communicate, think, behave, and solve problems. It affects business transactions in many ways; including how customers negotiate for products. Cultural...
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business environment especially when language and other things like cultural barricades play a key role in affecting the state of business efficiency. In other words, global communication stands merely for connection, sharing, relation and mobility across a variety of aspects of life including political, social and economic divides. Forms of Global Communication Global communication is categorized into internal and external communication. Internal communication usually takes place within a business involving the CEOs and the employees. It, therefore, depends on the information that is relayed within an organization from employers, employees and even the support staff (Danes, 2009). On the hand,...
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business environment. The practice has enabled firms in the contemporary business environment to have potential successors for different positions. This form of planning has ensured that incumbents are able to fulfill their ethical obligation by hiring competent employees. It also motivates the workers to take part in the training process to make sure they are equipped to serve customers. Managers also achieve their ethical responsibility through identification of high potential workers. Overall, succession planning is essential for any given organization since it enables members of a firm to fulfill their ethical duties to their clients. References Hastings, S. (2014). Succession planning: Take...
- Words: 550
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