THE BUSINESS MANAGEMENT

Running head: BUSINESS MANAGEMENT
Business Management
Name of the student
Name of the University
Author note

BUSINESS MANAGEMENT1
Table of Contents
Introduction................................................................................................................................2
Company Background................................................................................................................2
Business Management................................................................................................................2
Business and the governance structure..................................................................................2
Influence of environmental factors........................................................................................3
Risks for Colgate Palmolive and H & M...............................................................................4
Suggestions............................................................................................................................4
Conclusion..................................................................................................................................5
References..................................................................................................................................6

BUSINESS MANAGEMENT2
Introduction
Strategic management refers to the developing of the strategic vision and setting the
objectives which can help a company in the attainment of the strategic intent. This essay
discusses about the governance structure within the Colgate Palmolive and the H & M. The
essay elaborates on environmental factors which have an influence on the performance and
the decision-making of the company. This essay discusses about the risks which are faced by
the companies and how they influence the process of the decision-making. The essay also
recommends the business strategies that can help the companies in improving the business
practice.
Company Background
Colgate Palmolive refers to the multinational consumer product organization of
America which lays focus on production along with the distribution of the household along
with the personal care products (Colgatepalmolive.com., 2019). The company is committed
to bring the safe along with the effective products in the market which can help in enriching
communities across the world. The company lays emphasis on the area of the continuous
improvement that has made the company relevant in the modern age. H & M is the clothing-
retail company of Sweden which is popular for the fast-fashion clothing which caters to the
needs of the men, women along with the children (Hm.com., 2019). The company operates
within 62 countries and it has around 4500 stores in the world.
Business Management
Business and the governance structure
Corporate governance structure is indicative of the system that helps in directing and
controlling an organization. It helps in specifying distribution of the rights along with the
responsibilities in between the various kinds of stakeholders of a company. Colgate
Palmolive is guided with the help of the Director Independence Standards which helps in the
promotion of the integrity in the company. The company have the Board of Directors that
consists of a large number of the independent directors that helps in devising the strategies
for the company. The independent director does not have the direct or the indirect material
relationship with that of the Colgate or the officers of the company. Board of the Directors
comprise of the individuals who exhibits the significant achievement in the arena of business
along with the education (Wolf & Floyd, 2017). The board candidates should have the
relevant amount of the leadership experience that helps in understanding complex challenges