The Business Environment Of Nigeria And Norway Essay

The role of business in an economy is involved in any type of activity that provides goods, services, or both to consumers in an attempt to earn a profit. Business drives up the standard of living of quality and quantity of goods and services available to a population and contributing to the higher quality of life in which is overall sense of well-being experienced by either an individual or a group. Business also helps raise the standard of living through taxes. However businesses do not only provide the products and services that people acquire, but they as well provide job opportunities that people

(3) Political and legal environment, factors related to policy and law that influence company’s operation.

* Macroeconomic condition is very important for a company specially worldwide companies, it will help them to survive in market with new innovation and techniqual development. The environment is also classified by inflation, economic growth, interest rates and price change.

My term referee for BTEC Level 3 90 credits Diploma in Business Unit 1 D1, The Business Environment is Uzma Mirza and she is my lecturer from the Business School at Uxbridge College. This report needs to be completed by Friday 20th March 2015. The main purpose to write this report is to show my understanding about the influence

All countries in the world have various political environment and regimes. Political systems differ in terms of the governance, power and the rule of law. A political regime can be defined as structures, activities and processes by which given countries in the world govern themselves. Political systems can be based on either collectivism or individualism. It is essential for business to look at a country’s political environment as a vital criterion in venturing or expanding the business or company to that country. This is because political systems differ and each has its own form of governance that impacts a business in terms of its growth. International companies carry out international manufacture and activity in that they

The objective of this project is the impact of Foreign Direct Investment on Nigeria’s economic growth. Other major objectives of this study are;

How effectively do Canadian businesses and government engage together to promote a shared vision and agenda in the global business environment?

Apple Inc. was founded in 1977. To date, this company has continually offered a wide range of products to meet the growing demands of customers all over the world. Apple not only produces and sells computer software and cellphones; they also distribute consumer electronic products around the globe. Increasing the value of shareholder and coming up with new inventive products is a constant process for Apple, and Apple continues to do so with their popularity around the world with about 301 store locations in 10 different countries. Aside from all of

In contrast to the indirect, roundabout language common in much of Asia, Latin America and the Middle East, Norwegians typically use direct straightforward language. They tend to be blunt and honest about their business ideas and feelings. However, most Norwegians are somewhat less direct than Danes and Germans. For instance, when not really interested in a particular deal, they may be reluctant to say so bluntly. In this they are similar to many British negotiators.

The main aim of International business is to build and sustain competitiveness for economic value creation in both domestic and overseas markets (Besanko et al. 2007). Internalisation business theory however has a variety of models that can identify the environmental analysis of specific countries. These models are used for companies to internationalise and find the right location(s) overseas by taking; institutional, cultural fit and success opportunities into consideration. These models also give in-depth information on

Despite the huge resource base of the country, Nigeria has not been able to achieve a high level of economic growth, nor has it been able to attract a high level of private sector investment commensurate with its economic potentials (Anyanwu, 1998). In the assessment of the Nigerian investment environment, the following factors have been identified as the major obstacles to economic growth and the flow of private sector investment to the country-

In today's world, no business operates in isolation without interacting with the environment where it operates. Irrespective of the nature of business whether public or private organization; manufacturing; service industry; local or international firm, its operations are inhibited by the environment in which it operates.

Evans and Richardson (2007), contend that globalized economic environment is complex and changes from time to time and this places a heavy responsibility on multinationals and other business enterprises. They are forced to adapt in order to deal with these factors for the benefit of their organizations. A company cannot ignore political issues when assessing the business environment in which it operates because it affects government policies such as licensing, regulation and taxation, which have a direct consequence on the activities of a business enterprise (Evans, & Richardson, 2007).

The environment is defined as the sum total of all surroundings of a living organism, including natural forces and other living things, which provide conditions for development and growth as well as of danger and damage.(Business dictionary,2014) This means that every business always meets dangers and damage in a different environment, especially, in an unstable environment. For example, Malaysian Airlines have endured financial problems by an aircraft crash, which result in Malaysian Airplane losing 10 million dollars for paying compensation to victim families.This incident demonstrates the environment has always changed , sometimes it could be a good opportunities to develop the businesses or great disasters to damage it. This essay will discusses the changing factors of business environments in detail , following by the sections:how economic systems attempt to allocate resources effectively,the impact of fiscal and monetary policy on business organisations and their activities,the impact of fiscal and monetary policy on business organisations and their activities.

THE POLITICAL ENVIRONMENT: The critical concern Political environment has a very important impact on every business operation no matter what its size, its area of operation. Whether the company is domestic, national, international, large or small political factors of the country it is located in will have an impact on it. And the most crucial & unavoidable realities of international business are that both host and home governments are integral partners. Reflected in its policies and attitudes toward business are a governments idea of how best to promote the national interest, considering its own resources and political philosophy. A government control's and restricts a company's