Business Essay

Essay on International Business
Today's world of rapid increase in and expansion of technology is the reasons for recent International
Business growth. The rapid growth in international business makes an understanding of
organizational behavior all the more important for contemporary managers. Businesses have
expanded internationally to increase their market share, as the domestic markets were too small to
sustain growth. Business transactions are also becoming increasing blurred across national
boundaries.
Companies engage in international business to expand sales, acquire resources, diversify their
sources of sales and supplies, and minimize competitive risk. When operating abroad, companies
may have to adjust their usual methods of carrying on business. This is...show more content...
When dealing with international finance, risk is calculated in many different areas. Here, I will
discuss the financial risks associated with international business, with an emphasis on the risk of
foreign exchange rates. Country Risk When a business decides to become an international trader, one
type of risk that must be examined is the country risk. When a company accepts or approves credit to
a foreign customer, they are not only assuming the foreign company's risk, but also the country's risk.
Country risk analysis means determining the country credit–worthiness. In terms of the ability and
willingness of a foreign government to make available to local companies foreign exchange
necessary to service their foreign currency denominated obligations or debts to foreign suppliers.
(www.bcfm.com/financial_manager/szabo%20internationalfm98.htm)
Mitigation of Country Risk
One way a company can help to mitigate country risk is by fully researching the foreign country
they wish to do business with. This is accomplished by conducting a country risk assessment. This
assessment takes into consideration the probability of credit loss or delayed payment, and uses the
results to determine if the corporation will extend credit with the foreign business. Foreign
Exchange Risks Foreign exchange risks are often the result of country risks. Foreign exchange risks
can be defined as the ability and willingness of the
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An Introduction to Business Essay
An Introduction to Business
Business plays a major role within our society. It is a creative and competitive activity that
continuously contributes to the shaping of our society. By satisfying the needs and wants people
cannot satisfy themselves, businesses improve the quality of life for people and create a higher
standard of living.
It is a way for individuals to provide goods and services to consumers, and at the same time, produce
a profit for themselves. Businesses are not only important because they provide goods and services
for consumers, but they also improve the economy and increase jobs for people within society
which is an additional fact producing a higher standard of living. To measure our societies standard of
...show more content...
International trade deficits occur when a nation imports more then it exports. The Decline of
Smokestack America is when there is a change from an industrial to a post–industrial economy.
Finally, the conservation of energy is so that there are a sufficient amount of natural resources
necessary to produce goods. General economic growth or stagnation also has an important influence
on business within our society. Many factors can affect it's condition, such as war, new inventions
and technology, political assassinations, the discovery of physical and natural resources, labor
negotiations, government action, and many others. When the economy is strong and the demand is
high, businesses can prosper. Regardless of how great the economy may become, businesses still
must compete with other firms for scarce raw materials and labor.
A businesses environment creates many opportunities as well as problems for prospering businesses.
The environment determines what a business can do by shaping and channeling its development.
Businesses function within an environment by allowing entrepreneurs to raise capital and create
profits freely. The supply of money available within a business as well as the economic stability
through times of growth and recession have strong effects on businesses. Not only is the physical
environment, including natural resources, pollution and energy as discussed previously, important,
but many other

Essay about Business Challenges
1. The most significant challenge to business success you see in this rapidly changing global
economy;
One significant challenge to business success in this rapidly changing global economy is that
many business are focused on efficiency and economic of scales. Just like the example provided by
Michael H. Hugo on Chapter 1, many companies are focused on lowering operating cost as much as
possible. This is causing for executives not leave any room for unpredicted changes limiting the
company's ability to respond to customer's changing needs.
2. An organization that has been successful in the global marketplace using virtual teams and the
best practices it used (as discussed in Chapter 7 of Business Agility: A Sustainable...show more
content...
While this is a practice enforced throughout the company, it was necessary to make sure that this
communications were clear to the virtual team in order to maintain morale and the team's trust in the
company.
3. How the Marketplace simulation incorporates these challenges into simulation game play;
The Marketplace simulation incorporates these challenges by providing student with real–world
business problems and roles. Team members are challenged to make decisions and used critical
thinking in order to solve this problems virtually. While The Marketplace gives the team the tolls
necessary to have effective communication, ultimately each team members contributes to the overall
success of the team, just like in a real business situation.
4. How your readings and individual self–assessment work provide potential solutions to these
challenges.
The unit's readings have provided many solutions to the challenges businesses encounter nowadays.
To this day, there are many companies that have business plans that concentrate strictly in lowering
operating cost, cut budgets as much as possible and overwork workers that already are overworked.
Some of this solutions include: * Thinking of the costumer's needs and being able to respond to their
ever changing needs * Management needs to be transparent and make sure to communicate with
employees, especially when the organizations is making

The Role of Business Essay
The Role of Business
Is Corporate Social Responsibility good for business or simply goodwill?
Introduction:
What is the role of business? Is it to generate wealth for the company and its shareholders, or is it
purely for benefiting the public? This is what I will attempt to answer in my essay.
There is more than one definition for corporate social responsibility. One way in which it can be
defined is the obligation of organisation management to make decisions and take actions that will
enhance the welfare and interests of society as well as the organisation (Daft, 2003). In other words,
corporate actions have social implications, and managers have a responsibility to act in ways which
...show more content...
Is being socially responsible actually good for business?
In one sense, social responsibility is good for business, according to those promoting the idea. It
has been said that it enhances the public image, and this is mainly due to it being publicised by
media coverage or through simple word of mouth (Boddy, 2005). It has also been said, that being
increasingly socially responsible, companies can avoid intervention from the government (Boddy,
2005). This could be because they are reducing emission from their factories or offering a large
amount of jobs in an area where there is high unemployment.
Some companies adopt a more socially responsible approach as it ties in with their business strategy.
Here, the company places corporate social responsibility at the very heart of the business, maybe
due to the underlying beliefs and values of the original founders and senior managers of the
company. An advantage of this is that their activities can gain extensive media attention; therefore,
they can increase loyalty from customers and create a brand image with very little advertising. The
Body Shop, for example, from the start took a socially responsible stance. One of the firm's early
campaigns was the removal of animal testing for cosmetics. This stance worked well for the
company, creating a unique selling point, and helped it become a major retailing group.

Essay about My Business Idea
My Business Idea
In my coursework I intend to start my own business. I will devise my own business plan which
outlines my business proposal and the key aspects, during this I will need to seek good business
advice on the necessary steps I will have to make. As I go through the coursework I will show
evidence, examples and explain how businesses are set up, what types of businesses there are and
their similarities, the kind of targets businesses set for themselves and also the different objectives of
different stakeholders. For my business I plan to sell toys and other game products that educate
young children under the age of 11.
Starting up a business is difficult and risky. Anyone setting up needs to consider:
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Most people though have to research their product. Businesses also have to decide how the product
is to be made.
Finance
=======
No businesses can be set up without finance. Most people who start their own business
underestimate the amount of money they will need to set up. They are often UNCAPITALISED
and this causes problems as the business expands. Some businesses have the potential to be highly
profitable but fail because they run out of cash at a crucial early stage in the life of the business. So
it is very important to work out how much money is needed to start the business and to identify
where the money will come from.
Identifying the sources of help
===============================
Most new businesses don not survive for more than three years of trading. However, their chance of
success is much greater if those setting up the business have received help from experts before the
launch. Many new businesses turn to Business Link or to their local
TEC. They can identify any grants, loans or benefits that are available from government or from
bodies like the Prince's Trust. They can also organise training in setting up small businesses that is
so often vital to the survival of the business.
The business plan
=================
Drawing up a business plan is very important. The business plan sets out how the business is to be

set up and

Starting and Running a Business Essay
Starting and Running a Business Despite being an intimidating prospect for most people, there
are millions of entrepreneurs in the US. Some of them turn out to be very successful, others, not
so much. There are many steps to starting and running a business, but many of them can be easily
accomplished simply by filling out some forms, and several small fees. Businesses have been
around since the beginning of bartering, an apple for some wheat, a horse for a wife, a daughter
for a house. (In no way reflecting what I would trade) The startups of businesses across time have
never come easy, from cost, to hassle, to threat of beheading; there have always been obstacles in
starting a business. One of the hardest parts of being an...show more content...
This is ideal for most people who want to start a business and keep their home if something goes
wrong. The largest area a permit is good for is one county. If one wishes to operate outside the
county the license was issued in, they would have to get a license from that specific county. The
most important thing is starting a business is having a business plan. This is the only way any
bank will approve you for a business loan. [1] Without this business plan, the bank has no way to
analyze the business's performance thus far. The SBA offers a template for how to lay out a
business plan. The following is how a good business template should be formatted (from SBA.gov).
Writing the Plan
What goes in a business plan? The body can be divided into four distinct sections:
1) Description of the business
2) Marketing
3) Finances
4) Management
Agenda should include an executive summary, supporting documents, and financial projections.
Although there is no single formula for developing a business plan, some elements are common to
all business plans. They are summarized in the following outline:
Elements of a Business Plan
1. Cover sheet
2. Confidentiality Agreement
3. Statement of purpose
4. Table of contents
I. The Business A. Description of business B. Marketing C. Competition D. Operating procedures E.
Personnel F. Business

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