International Business Environment
International business environment changes in the last couple of years have had a significant impact on the sectors of the world economy more so the airline sector, with this in mind the term paper focused on the impact of changes in the international business environment on the airline industry. International business environment is viewed as the most contexts for international business and comprehending how forces in this environment impact the business operations is the difference between business failure and success. To this end, the research ...view middle of the document...
The managerial implication of all these changes is that managers need to keep in touch with the changes in order for the businesses to remain relevant and competitive.
Table of Contents
Executive Summary 2
1.0 Introduction 4
2.0 Methodology 5
3.0 International Business Environment 5
4.0 International Business Environment (IBE) and the Airline Industry 7
4.1 Political/Legal 7
4.2 Economic 8
4.3 Financial 10
4.4 Socio- Cultural 11
5.0 Future Developments 11
6.0 Managerial Implications 12
7.0 Conclusion 13
The challenges facing organizations today vary a lot and touch on all aspect or structure of a given organization or industry. To this end, organizations need to anticipate challenges to ensure that a clear strategy is in place to counter any challenge arising. With this in mind, it is prudent that business organization become aware and comprehend their business environment above all other elements that may come into play. According to Sana (2012) business environment can be defined as all factors whether internal or external that influence the functioning or running of a business. On the other hand Auzair (2012) defines business environment analysis as process systematic in natures that commences with the identification of environmental factors, followed by the weigh up of their character and any effect they may have on the business and lastly coming up with strategies of plans to counter their impact on the business or industry.
The impact of business environment on a business or an industry has received a lot of attention in the last couple of years especially after the crippling effect of the 2008 financial and economic crisis. Due to globalization as posited Guttal (2007) organization have been forced to keep an eye on the international business environment as what may happen in a distance country may have an impact on the organizations. With this in mind, this term paper seeks to offer a succinct and in depth look into the impact of international business environment on the airline industry. The term paper will also present discussion on future developments and managerial implications for multinational companies (MNC’s) in the airline sector. In addition, the term paper with provide a methodology section that outlines the approach used in researching the topic focusing on the sources used, a conclusion will also be offered highlighting the main points discussed.
The research focused on secondary data that addressed the topic in question, and as posited by Saunders, Lewis and Thornhill (2007) secondary data or qualitative research r is the research approach that strives to understand what other people feel or think about a phenomenon in this case the impact of international business environment on airline industry. The research made use of peer reviewed journals published within the last five years in order to utilise the latest research work that...