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(pdf) Global Business Environment Assignment

   

Added on  2020-12-30

2 Pages2164 Words211 Views
Global business environment is the broad concept of everyorganisation which is trying to entire in international marketor global market where the large number of the organisationsof different sectors from different countries are competingeach other in order to acquire the global market in order toaccomplish the desired goals. The global environmentgenerates the profit maximisation as well as the brand orgoodwill of the organisation. But it is not easy to reach atglobal market or international market the organisation has toface several ordeals in order to reach the position in globalbusiness market or the market of entire world.Competition: Competition may be treated as the crucialelement which must be well thought out in a befitting modeby a organisation while spread out their business at worldwidelevel. Competitors directly affects both turnover andprofitability of a organisation like Tommy Hilfiger, whichintroduced its products in modern mode. Although, it iscritical for a business entity to examine products, workingmode, technology which are also used by its competitors.Along with this, management of companies can makeeffective potential decisions in order to give them betterresponse of competition.Environment: Environment can be termed as the mainexternal factor that considered by management of firms whilestarting the business operations in other country or countries,operations such as manufacturing good and services.Key factors that drives global commerce and tradeGlobal business environment is the scenario thatrepresents international market under which largenumber of organisations from different countries and ofdifferent sectors are performing their business activitiesin order to earn revenues and increase their profitmargins. In short, Global business environment refersto globalization of business organisations. This filecontains the description regarding factors that drive toglobal factors and complexities faced by TommyHilfiger while entering to global market. It is inevitable to realize regarding all the surroundings ofthe organisations that consumers of targeted place have,with the help of this, targets can accomplish byorganisation if the management can decently analyse theneed or requirement of consumers or the market demand.This will help the organisation to cop-up with thecustomers preferential rapidly changes or changes intheir taste or fashion. therefore, it is important forundertaking to make modification in their products as pernecessities of consumer, so that consumers does not losestheir interest from products and services that they areoffering by the specified organisation like in case ofTommy Hilfiger.IntroductionGlobal Business Environment

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