P6 Compare the Challenges to Selected Business Activities Within a Selected Organisation, in Two Different Economic Environments.

In: Business and Management

Submitted By Aisha0310
Words 791
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P5: Describe the influence of two contrasting economic environments on business activities within a selected organisation.
M2: Compare the challenges to selected business activities within a selected organisation, in two different economic environments.

This assignment is asking me to describe the influence of two contrasting economic environments on business activities within a selected organisation.
Nike is a global brand specialising in the design and manufacture of athletic apparel, footwear, accessories and equipment; it is headquartered in the United States, Europe, and the Asia Pacific Region. Its products are available through over 20,000 retail outlets, including those in its own footfall outlets, e.g. Nike Factory stores. This study considers the contemporary business environment of Nike using a PESTLE approach, paying particular attention to any human resources management (HRM) issues that may arise under each heading. Overall, it is argued here that Nike has attempted to address various business and social challenges by harmonising its value proposition to ‘Consumers, shareholders, business partners, employees, and the community.’
There are many external environmental factors that can affect your business. It is common for managers to assess each of these factors closely. The aim is always to take better decisions for the firm’s progress. Some common factors are political, economic, social and technological (known as PEST analysis).
The political factors affecting business are often given a lot of importance. Several aspects of government policy can affect business.
The political environment can impact business organizations in many ways. It could add a risk factor and lead to a major loss. You should understand that the political factors have the power to change results. It can also affect…...

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