report. The segments include political/legal forces, economic forces, social forces, technological forces, and threats and opportunities which are facing the company.
Political/Legal Forces Hitt et al. (2014) define political force as an area which a company tries to influence and voice its opinion to the government regardless of where it competes. This segment concerns with laws and regulations between firms and local government agencies (Hitt et al., 2014) in response to either a national, regional, or local level that is enacted. Based on its annual report, B/E Aerospace believes it can be subject to federal, state, and foreign laws with safety and environmental regulation. Any violation of those standards can result in significant penalties and liabilities (“2015 Annual Report,” 2015). B/E Aerospace is responsible for any laws and regulations that are associated with waste and hazardous materials affecting the environment. The company understands that there is a high possibility of risks which will likely to happen when the company operates in several international locations such as the U.K., the Netherlands, Germany, and the Philippines (“2015 Annual Report,” 2015). Since most of its revenues come from outside of the U.S., volatile political forces might have a negative impact on its business operations and economic condition.
One of the risks the company mentioned in its report was the risk of doing business with the U.S. Government. The company believes the
1. Political: “issues affecting our international vendors could materially adversely affect our business and financial performance.”(Page 8.)
The workplace is a delicate environment filled with different personalities types. These differing needs of feeling safe and comfortable create many challenges in the workplace. The creation of the Human Resource Department has helped create a safety net for all employees to fall under and create a stable environment for employees to feel safe and secure. Regulations such as Equal Employment Opportunity Commission and the Department of Labor have in some ways removed the common sense and compassion in the workplace and replaced it with litigation. The effect of these regulations have balanced the workplace and created a more
With respects to prevention it is imperative to the legal materials than it is to looking at solving complications after the fact for one’s that are existing. Preventive measures (PM) are a better alternative than trying to fix complications. When establishments do not take the Equal Employment Opportunity (EEO) laws seriously, and they do not have any preventive measures to stop things that can lead to legal actions they will always have a problematic and a less than efficient establishment.
threats and opportunities that must be properly addressed in order to prepare the company for the
Which of these forces and factors are the most important to the corporation and to the industries in which it competes at the present time? Which will be important in the future?
How should this market be segmented? Identify the key segmentation variables that are relevant for this market.
All businesses operate in a political- legal environment. This influence directly affects the management of various key business functions as government policies change form time to time, most notably due to a change in government or a change in social expectations. Therefore, government policies are a notable source of change a significant influence on business operations. One recent political issue is the affect of climate change; this has been seen by the introduction of the carbon tax. Since policies can inform law making, also lead to many business opportunities, operations managers need to be fully aware of the contemporary government policies and what they comprise.
Those contracts were made to both the Defense department and non DOD agencies like NASA. Sales to foreign governments (including foreign military sales funded by the US government) amounted to 17 % of net sales, while 1% of the net sales were made to commercial and other customers. The company depends heavily the on the US government (weakness) for its source of revenue. In 2013, approximately 82% of the company’s net sales were made to the US Government. Existing US government contracts are subject to continued appropriations by Congress and may be terminated or delayed if future funding is not made available.
General Issue: which segments should the company target? How should the company and its products be positioned?
Every person on earth needs food to survive. Hence, ensuring that the food we consume is in fact safe to eat is one of the most fundamentally important actions that an agency, governmental, or otherwise can take. According to the Food and Agriculture Organization (FAO, 2010), the responsibility of ensuring safe food products is a shared responsibility among government and non-government agencies. When examining the role of non-governmental agencies in this important component of the food market, one might consider their position both in terms of governmental regulations and independent of these.
A supplier must provide with the plant/produces any record received that states the sound power level of the plant.
The overall political forces have more positive impact on this industry, Take full advantage of environmental law and political stability to boost business. Organizations need to be able to respond to current and anticipated future legislation changes to adjust its marketing plan. Such as which country to register the business.
Environmental regulation entails the change in behavior of relevant actors through the exercise of political power. This process encompasses a balance of power between the regulatory power and the external industry and corporate firms who are being regulated (J. Roberts, p.54, 2011). Government attempts at environmental regulation often directly conflict with corporate interests that are prioritized by conflicted governments despite their activities and practices directly contributing to the problems the environmental regulators are directed to combat (J. Roberts, p.54, 2011). Furthermore, analysis of multinational foreign direct investment (FDI) trends indicates that governments prioritizing policies favorable to the private corporate sector are more likely to receive greater foreign investment and capital from potential investors (N. Jensen, 2006). Subsequently, it is in the interest of political leaders
Gain insight into the current market segments and growing sectors of the population, along with generational data.
Porter's Five Forces can be applied to particular companies, market segments and industries with the step-by-step analysis of market structure and competitive situation. First of all, when implementing this module in organizations, it is necessary to determine the scope of the market to be analyzed. Following, all relevant forces for this market analyzed and key forces are identified (Gerry and Kevan, P.117). Actually some organizational strategy and the longer-term goals are mainly based on or consistent with the key forces. Hence, it is not necessary to analyze all elements of all competitive forces with the same depth. Moreover, the key forces in the competitive environment will vary in different industry. Different forces take on prominence in shaping competition in each industry (Porter,