Analysis of Universal Store's Global Business Environment Report

This report provides an analysis of the global business environment, with a specific focus on Universal Store, a company operating in the clothing sector. The report begins by introducing the concept of the global business environment and its importance for companies. It then highlights the need for additional research in the textile and clothing industry, emphasizing the importance of ethical clothing practices to build trust with customers and ensure sustainable operations. The report identifies various risks associated with unethical practices, such as increased production costs, child labor, and environmental pollution. A detailed plan is presented, including determination of issues, overview of working systems, adherence to workplace regulations, and consideration of the environmental impact. The report concludes that managing the global business environment is complex and that ethical clothing practices are crucial for minimizing negative impacts on society and the environment. The report references the work of Adekola, A., & Sergi, B. S. (2016) and Dereli, D. D. (2015) for further context.

Management in a
Global Business
Environment

Table of content
• Introduction
• Additional research is required
• Risk associated
• Presentation of plan
• Conclusion
• References

Introduction
Global business environment refers to different
cultures, trends, rules, regulations etc. of different
countries in which organisation is operating its
business. It is very essential for company to manage
global environment in order to effective and
efficient functioning of organisation.

Cont…
Company chosen for this presentation is Universal store.
This company is dealing in clothing sector and providing
high quality products to customers. Universal store has
strong brand image in market area as it is working to full
fill needs and requirements of customers.

Additional research is required
Textile manufacturing and clothing industry is a very
vast sector. Companies dealing in this sector have to
consider various factors which helps them in building
strong reputation, offering high quality and fashionable
products.

Cont...
Ethical clothing practices is very important as it will
leads gain trust from customers as well as build strong
employees relationship. It is very sustainable as it will
lead to developing eco friendly products.

Risk associated
Ethical clothing is essential part of manufacturing
business and there are many risk associated with
company if they do not properly follow ethical clothing
concept. Different risk and challenges are mention
below.
 It is leads to increase in production cost because of
increase in cost of material.

Cont…
• There will be increase in child labour as well as less
salary or wages will be provide to workers.
• Least importance will be provided to safety and
security of workers.
• Increase in air and water pollution can be consider as
a major risk.

Cont…
If Universal company does not follow ethical clothing as
well as does not consider social and environmental on
business, then company have to face some major issues.
Some of the countries which are not following ethical
clothing practices have to deal with heavy losses.

Presentation of plan
In order to deal with these issues, it is very important to
develop a proper plan.
•Determination of issues
•Overview of working systems present

Cont…
 Adherence of workplace regulations
 Environmental impact of manufacturers
 Most ethical in nature

Conclusion
From this presentation it can be concluded that
managing environment is global business is very
difficult. Ethical clothing is very important concept that
needs to be consider by organisation. Companies
dealing in clothing manufacturing industry needs to
follow all rules and regulation in order to minimize
negative impact on society and environment.

References
• Adekola, A., & Sergi, B. S. (2016). Global business
management: A cross-cultural perspective.
Routledge.
• Dereli, D. D. (2015). Innovation management in
global competition and competitive
advantage. Procedia-Social and behavioral
sciences. 195. 1365-1370.

Thank you