JB Hi-Fi Limited (JBH) 1. Macro economic factors and Industry Analysis a. Describe the firms economic environment and evaluate how this has impacted historic firm performance and is likely relevant to future performance. b. Perform an industry analysis and evaluate the level of competition in the industry/ies that your firm operates 2. Business Strategy Analysis Identify the key success factors and risks of the firm 's strategy and the sustainability of profits generated by the strategy given the threat of competition.
According to Fleming (2012), the company is increasing its long term business prospects which may aid its customers to gain social and economic goal. It is identified that the company has looked up its competitive benefit and examine its philanthropy efforts by the most effective way. According to Geppert et.al (2014), this means company is socially responsible and associated to environmental practice which can also lead to a strong customer and sales loyalty. This may enhance the productivity and quality of the company’s product which retain and attract its workers in order to reduce the regulatory
A hybrid LCA is integrated process-based and IO LCA, to balance between time and costs efficiency. Based on the hybrid LCA models, the upstream impacts of goods could be included with economy-wide scope, and impacts in the production, usage and end-of-life phases could be specifically analyzed (Bilec et al., 2010). The social impacts are effects on the sustainable operation of society such as employment, salaries, and occupational safety. A social LCA is a social impact (and potential impact) assessment technique that aims to evaluate the social and socio-economic aspects of products and their potential positive and negative impacts during their life cycle including: extraction and processing of raw materials, manufacturing, distribution, use, re-use, maintenance, recycling, and final disposal (UNEP, 2009). Comparison between the environmental LCA and social LCA, the social LCA in research scope and framework has not been fully formed and needs further development.
Competitive advantage of a firm is the edge that it has over its competitors (Altharti 2012).It is important to state that competitive advantage (CA) cannot be achieved without a business strategy or business model. It is the business strategy, which is the management game plan for creating value for stakeholders and earning a reasonable return on investment that gives a company a competitive advantage over rivals in terms of higher financial performance on revenue, return on investment etc. The author accepts that Porter’s generic strategy and value chain are important tools in understanding the competitive strategies being deployed by rivals in any industry analysis. An understanding of the generic strategies such as the broad low cost provider, broad differentiation strategy, and narrow focus strategies on cost and differentiation being deployed by competitors can provide opportunities for existing and potential competitors by trying to achieve a lower cost or better differentiation by rivals. The value chain is an internal analysis of how an organization organizes
The fiscal policy is primarily an instrument in the hands of the government whereby it estimates its revenues and expenditures in the economy. This is a very important tool as it would define the flow of money from different sources, indicating the level of activity in the economy. It also defines the broad policies of the government indicating the outwards flow of money in to different sectors of the economy to maintain the overall health of the economy and fulfill its social goals. Apart from the fiscal policy every country has monetary policy at its disposal. This is primarily a tool at the disposal of the central bank of a country which uses different tools to manage the macro economic variables of a country to keep the economy stable or to stabilize it in situations of fluctuations.
There are two components of well being- material and qualitative well being. Material aspect of it can be measured like the shift in the growth model of measuring GDP to measuring income and consumption. The distribution of wealth and income and the inequalities and disparities that exist need to be filled. Piketty believed in observation of social income and distribution of income. The other aspect is the qualitative part that looks at the non-market dimensions of development that is health, education, the pattern of public expenditure, measurement of personal work and the quality of work produced.
Firstly, the adoption of corporate codes of conduct, to indicate organisational congruence with societal expectations. Secondly, the use of firm linkages to field-level regulatory bodies, such as accreditation bodies, to indicate social fitness between business and environment (Vergne, 2011). As businesses, comply with regulations, preventing environmental degradations and serving society with needed products and services and at the same time benefitting economically from the activities. Businesses will gain legitimacy ‘as their actions will be perceived to be consistent with stakeholder’s expectations’ (Colleoni,
Deductive and inductive reasoning can be applied to analyze certain trends of economic theories. An example of deductive reasoning would be the demand and supply analysis as it involves a set of generally accepted principles about demand and supply. Deductive economics starts with a set of axioms about economies and how they work. It then relies on these principles to explain individual cases or events. To summarize, deduction in economics starts with a generally accepted principle and proceeds to the specific (http://classroom.synonym.com).
There are a number of theoretical studies that have examined FDI. According to economists, FDI is an essential component for the economic development of any country, specifically developing countries. The theories of FDI are as follows: 1. Production Cycle Theory of Vernon According to the theory of Venom, there are four stages of production cycle: innovation, growth, maturity and decline. According to Raymond Vernon, different companies come up with a new innovative product or service for local consumption and export the surplus in order to serve also the foreign markets.
The SWOT analysis able to develop awareness and planning for future decision for that both firms. Besides that, it able to make TESCO and AEON make more competitive and profitable. This analysis is very effective for future studies about any firms. Moreover, the four elements able to describe the full story about the firm. In this case, it has been proved in TESCO and AEON studies using SWOT analysing.