The paper "Economic Factor and Impact on the Business Management Activities " is an outstanding example of a micro and macroeconomic annotated bibliography. Understanding the business environment is very important for the business to operate successfully in the global environment. Environmental factors affect business operations in all aspects. The components of the global business environment include economic, demographic, social-cultural, politics, legal, international and technological. The task environment includes labour, regulators, suppliers, clients and competitors. Internal business environment includes employees, culture, management, processes values and work ethics. The international business environment is filled with opportunities and threats and hence requires constant monitoring.
International business managers are expected to address the market differences between the home country and the foreign market for the business to succeed. This requires a deep understanding of the business environment in the home country as well as the foreign country (Morrison, 2002). This essay discusses the international business environment components. This is through five news items from online media that relate to the internal or external business environment in a period of two weeks (Nov 9 to Nov 22, 2015). News: The global economy is slowing down.
But is it recession - or protectionism? (Nov. 14th 2015) This is an article found on the guardian online news. The post claims that exporters are having an impact on the global economic slowdown. According to the analyst, a surreptitious retreat from globalisation may be the main cause of the decline. According to the article, a Chinese company that depends on global trade claims that the world economy is bleak. The purchasing power is low overseas and exporters are being affected a lot.
Despite these official figures of the Chinese economy showing that it is expanding at 6.9%, analysts point out that it could be much weaker. There are claims that the Chinese economy may be growing at 3% or less. China feels that the low demand from the Eurozone is the main factor for the deteriorating economy.
ABC News, (2015), BP proposal to drill exploration wells in Great Australian Bight rejected, 17th November 2015, ABC News.com, Retrieved 22nd November 2015 from, http://www.abc.net.au/news/2015-11-17/bp-proposal-to-drill-in-the-great-australian- bight-rejected/6947068
BBC News (2015), McDonald's China heritage outlet criticised, BBC.com, 18th November 2015, Retrieved 22nd November 2015 from, http://www.bbc.com/news/world-asia-china- 34853848
Mark, D. (2015), Fresh class action suit against Volkswagen in Australia, ABC.net, 19th November 2015, Retrieved 22nd November 2015 from, http://www.abc.net.au/pm/content/2015/s4355637.htm
Morrison, J. (2002). The international business environment: diversity and the global economy. Palgrave Macmillan.
Picardo, E. (2015). Don't Hide From the Reality of How Terrorism Affects the Economy, 16th November 2015, Investopedia, Retrieved 22nd November 2015 from, http://www.investopedia.com/articles/investing/030215/how-terrorism-affects-markets- and-economy.asp?layout=infini&v=1B
Shengelia, T. (2015). Terrorism, as Socio-Political Phenomenon and Impeding Factor for Global Business. International Journal of Social Sciences, 4(2):1-38.
Stewart, H. & Ryan, F. (2015), The global economy is slowing down. But is it recession-or protectionism? 14th November 2015, Guardian.com, Retrieved 22nd November 2015 from, http://www.theguardian.com/business/2015/nov/14/global-economy-slowing- down-recession-or-protectionism