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2011/11/8 Topic 1 Business Organizations and Their Environments 1 indispensable environment: owners, do byrs, employees 2 External environment (three master(prenominal) components) 3.1 early(a) firms(adjacent and competitor) 3.2 consumers/customers 3.

3 public authorities(government institutions and agencies, legal institutions) 3 Market power: rule-makers, rule-takers, rule-breakers 4 Competition in an unsmooth market Scale of external environment * isotropy rights * Legal system for conflict-resolution * Contract-enforcement important function of the government: to finagle emulation--too much exposure to competition (unfair) --too little competition(protectionism) 2011/11/9 Strategies for elaborateness 1) Licensing 2) Exporting ( export assistant centers) 3) Franchising 4) Contract Manufacturing (Outsourcing) 5) Joint Ventures + strategic Alliances 6) Foreign Direct enthronization (foreign subsidiary: must satisfy the laws of a host unsophisticated and the laws of a parent/ wrack country) MNCS Sovereign Wealth Funds responsibility Protectionism: 1) Protective tariffs * Infant industries * on a lower floor the belt competition * Nahenal defense * Social stability 2) tax revenue tariffs * Substitute for taxes * Quotas * Embargoes (trade restrictions) Types of Business Organizations self-control structure 1) fillet of sole proprietary Benefits vs. Disadvantages * Very easy to start, bottomless Liability Very a few(prenominal) e fussy(a) (the owner is Restrictions skilfuly responsible for all losings and expenses of his armed services control) * Being independent concentrated to raise capital/money * shop of companyComparatively law profitsmanagement skills No special taxesOverwhelming time (Capital gains tax)commitment and All stock earningsretail are repontideas personal income * No smasher benefits * Limited increment and life...If you trust to get a full essay, order it on our website: Orderessay

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