Notesale: Turn your study into money

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Slide 3
Introduction
Firms that operate in the business environment are free to operate in any market where they think
they will be able to benefit and achieve the goals and objectives that they have laid down (BDO,
2015)
...
It is important
to plan well and to put in place strategies that will ensure that they succeed in the targeted market
in any country
...

Slide 4
Analysis of external environment in developed countries
Political- Countries that are developed are politically stable and therefore firms that operate in
the manufacturing industry are not affected by political interferences that occur in developing
countries
...
Political stability enables businesses to thrive and this ensures that
they compete well
...
In developed countries the purchasing power of customers is higher and
customers are able to buy products and services that are manufactured and offered by businesses
...
The economic conditions in developed countries create an
opportunity for businesses to prosper
...
They also require to be provided with a wide range of products
to select from and this ensures that they are satisfied
...


Technology ensures that

businesses are able to provide quality outputs that are produced on time and that are of high
quality
...
In developing countries governments are not
able to provide to provide incentives and subsidies or rather they offer minimal subsidies and
incentives to businesses
...

Economical- The economy of developing countries is unstable and there are slow infrastructural
developing affecting business operations
...
Poor economic conditions also affect the overall operations of firms
...
This
is because their disposable income is less compared to the developed countries
...

They however will not be able to demand for products and services that are of high quality and
the reason is because customers will not be able to buy products and services that are of high
quality because they cannot afford
...
The unemployment rate in developed countries is low and employees
are highly compensated in terms of their wages and salaries
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Slide 10
Image of gender pay gap in developed countries

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The graph above shows that South Korea is the leading in terms of the gender pay gap with
36
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6%
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The firms must ensure that the products that are manufactured are safe for
consumption and meet the quality standards that are laid down (HUFFPOST, 2012)
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This will ensure that that they improve their reputation and
brand image
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This will ensure that they are

contributing socially and economically to developed countries
...
Modern technology in readily available in
developed countries and this plays an important role in improving operations and expansion
...
Owners of firms are
concerned that their business thrives economically and socially (PHYS, 2012)
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Suppliers are
also required to ensure that they are reliable and that they supply quality and quantity resources
...
In
developing countries there are also cases of high gender disparities and this is causing conflicts
and affected developments
...
Developing countries have not put in place efficient
measures to monitor pollution
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It is also important to bear in mind that there is cheap labour and growth
opportunities are limited
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Slide 16
Image of cost of labour trends in developing countries

The table shows the Bangladesh is the worst paying county and the best paying country is Costa
Rica
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Slide 17
Sustainability
Developing countries focus more on economic benefits and therefore they give minimal attention
to the social and environmental development
...
This is an indication that
the long term industrial growth of the countries is not guaranteed
...
Owners of businesses are
concerned with the returns that they get from an investment and customers don’t put emphasis on
high quality products and they don’t afford the products
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Slide 19
Possible shortcomings
Labour in developing countries is cheaper compared to the developed countries
...
There is a high potential for new markets in developing countries than in the
developed countries
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Slide 20
In developing countries there is a ready market for products and services and the level of
competition is low and this creates an opportunity for a new company to invest
...
The only disadvantage developing country is there is lack of proper
government support and developed infrastructure
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This is because there is a guaranteed and ready market and cost of operations is
cheaper
...
This has created an
opportunity for businesses to prosper and developing countries welcome and support foreign
company
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References
► Business Insider UK (2016) These are the countries around the world with the worst air
pollution
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businessinsider
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[Online]
Available

from:

https://phys
...
html

[Accessed 2 May 2017]
► CITYLAB (2012) Which Countries Pay Blue Collar Workers the Most? [Online]
Available

from:

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http://www
...
com/work/2012/01/which-countries-pay-blue-collar-workers-most/81
8/ [Accessed 2 May 2017]
► HUFFPOST (2012) Average Cost Of A Factory Worker In The U
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, China And
Germany
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huffingtonpost
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htm
l [Accessed 2 May 2017]
► Cerasis (2013) Top 4 Manufacturing Issues in America – Part 1 of 2
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com/2013/07/22/manufacturing-issues/ [Accessed 2 May 2017]
► BDO (2015) Talent Shortage Grows as Risk for the Manufacturing Industry, Reveals
BDO

Study
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bdo

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