Analysis of Business Environment in Finland for Seiko

Global Business
Environment

Table of Contents
INTRODUCTION...........................................................................................................................3
Analysis of general Business Environment in Finland...........................................................4
Type and Nature of Organisation...........................................................................................4
Factors affecting business in Finland.....................................................................................5
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................10

INTRODUCTION
Business environment can be said to be a collection of every internal and external factor that
have ana impact on business. Internal factors consist of owners, employees, product,
opportunities, strengths etc. On the other hand, external factors include customer needs, political
factors, environmental factors suppliers, legal factors, technological changes, social trends,
economic changes, market trends and so on (Hamilton, L. and Webster, P., 2018). Global
economy is world economy which is economy of all humans present all over world, it includes
all the international exchange of services as well as goods which are then mentioned in monetary
aspect.
The following report is based on a company named Seiko. Seiko is a Japanese
manufacturing company, it manufactures clocks, watches, some other electric devices,
jewelleries etc. This company started in 1881in Tokyo Japan. It was first a watch and
jewellery shop. In 1892 production began, and company was called Seikosha. Company
consists of more than 13000 employees working under it. Seiko group is parent group to a
number of subsidiaries which are namely Seiko Watch Corporation, Seiko Instruments INC.,
Seiko Solutions INC., Wakoco LTD and some more. Over the years of its existence, Seiko
have setup its business in United States as well. There products are sold by fine jewellery
stores as well as 19 other stores of their own.
Finland is situated in Europe. It has its boundaries with countries like Russia, Norway
and Sweden. Majority people over there speak Finnish. Unitary parliamentary republic is
ruling in country. Economy of Finland is equal to other countries in Europe such as
Germany, Belgium, France and so on. Service sector in country contributes to 66% of GDP.
Largest industry in Finland is related to electronics.
In the following report discussions are made regarding Seiko establishing its business in
Finland. Seiko is expanding its business in global economy a foreign nation. Therefore,
before entering into business it is necessary for Seiko to critically analyse all the factors
present in Finland’s economy which may directly or indirectly have an impact over
functioning of company in the nation. In order to conduct this analysis company is learning
about environment related to business in Finland. Nature of business is also required to be
analysed. To conduct these various models such as PESTEL, Porter’s five force model,