Another reason for its success is its ease of availability. With more than 100 branches in the country, it is the most prevalent fast food restaurant here. Thirdly, more related to the culture of people in the UAE, is that people here want what they cannot have. McDonald’s takes advantage of this by not offering home delivery, which makes the restaurant more elite in a way. This is why when people do go out to eat, they would most likely chose McDonald’s since it is something that they would not be able to get if they were at home.
Scholars have evaluated the external factors that directly or indirectly affect the business of the company. The internal attributes of the organisation itself frame the premise for a strategic situating that helps the organisation explore their focal point, strengths, opportunities, and rivals' weaknesses. Administration centres organisation qualities on business sector where they highlight and explore opportunities for the company as it is stated by Campbell, et al (2012). Some of the industrial factors that involve strategic planning of the company
Introduction “The business environment is the surrounding conditions in which the organisation operates in, and it can be divided into two broad categories: external and internal” (). An organisation consists of both the external environment and internal environment. Both of which embodies elements which have an impact on the organisations operations and its overall success or failure. In spite of their difference in nature, both these environments have significant impacts on any organisation. Therefore, it is very important that managers of organisations be cognizant of both these environments.
It raises the worldwide business in traditional products and services, like fast food, films, music, books, and, newspapers. The growth of commerce in local products is growing because of the exposure to different communities and cultures. As a result of the foreign commodities this can influence on the native cultures, values, and traditions. Additionally, the author describes how McDonald’s restaurant changes some habits and styles in Chinese children. For example, chines family want their children to eat what is introduced to them but they prefer to eat fast food from McDonald’s meals and Chines people also complain from a new style that McDonald’s restaurant brings to China American style which is a birthday party, therefore, this way is a new habit and chines families do not want it, because it is not common in their culture and it costs them a lot of money.
The changes in the organization’s internal and external environment that impact on Human Resource plans and strategies Business in today’s modern world is operating in highly dynamic environment consisting of various internal and external factors. Business therefore are required to consistently evaluate themselves both internally and externally as an attempt to survive, grow and to maintain a competitive edge. The business environment has three key perspectives which involves the internal environment, and external environment which further comprises of micro and macro environmental factors according to Kotler et al (2009), Principles of Marketing. The internal environment includes factors such as organizational direction, human resource,
Managing and overcoming these challenges require successful managers to have a conceptual knowledge of all business functions. “Though structure and leadership play a large role in business success, external factors can also shape your company's potential. One method for systematically discovering and quantifying those factors
4. SWOT Analysis Strength - When asked about best-known fast food restaurant, nearly of all respondents picked brands such as Lotteria, McDonald’s, burger king and nation’s well established fast food business. However, the most powerful competitive advantages that enabled Lotteria to excel its competitors were Korea’s traditional tastes and Western style fast food restaurants. Those strengths helped Lotteria to become a Korea market leader in the field of food service industry. Weaknesses - The biggest weakness of Lotteria is the brand value.
By 2013 Taco bell had more than 6000 restaurants. Taco Bell principally attempted to appeal to 18 to 24 years old whose priorities were price and convenient, who preferred their food cheaply and quickly. Their mission statement is to provide the best Mexican-inspired Fast food with a service that is not only Fast and accurate, but also friendly. Taco bell was all about convince and inexpensive food meant to profit by volume sales. PROBLEM STATEMENT Starting operations in emerging markets is not always good if you don’t understand the local market or misunderstood the market India is an emerging market, which Taco Bell was planning to conquer.
1.1 It is very true that for any organization to be successful or for its survival in this very difficult industry is for the environment that it is operating to be fully developed to guarantee success. There are various definitions to ‘the business environment’. Where we can start to define what a business environment is, is to first of all define what a business is. Business can be defined as an operation which all the different activities connected with trade, banking, production, finance, advertising, insurance, packaging, energy and many others. The second part of being able to define what a business environment is to also define what an environment is as well.
There are different areas in the context of business management whereby alterations towards behaviours, communication style as well as cultural implications can be observed. Communication is the major aspect in business and coordinating with varied range of individuals require intense communication styles and abilities. Cultural elements ate simply distinctive ways of living, as it refers to values, social norms and foundation on which a specific group of people base reasoning as well as involves pluralism. In reference, the possible impact of cultural difference on communication is significant. Researchers of culture determines that culture has a higher influence