Business Studies

Introduction
Global businesses are affected by an extensive retch of external factors, such as financial, legal, political and social influences. give the dynamic nature of such an international business environment, businesses must adapt the various strategies used to manage staff, in congress to rewards, training and development and the provision of flexible working conditions. The potent management of these key issues prolong played a orotund role in the recent success of businesses, such as Harvey Norman (HN) and Coca Cola (CC).
Specific influences on orbiculate businesses
Businesses operating in the planetary environment must subscribe to various factors which will impact on their operations, and management of employees. such factors, in particular regard to financial, political and sociocultural influences, have had a profound impact on HN and CC.
- monetary: as most nations have floated their currencies, there is considerable irresolution for businesses operating in multiple nations. The major issues which must be considered by businesses include currency fluctuations, interest rates and foreign borrowing.
currency fluctuations: this involves the movement in the exchange rate of contrasting currencies. An exchange rate is the price of one currency (e.g.



Australian dollar AUD) expressed in terms of an otherwise (e.g. USD) bullion fluctuations can significantly impact on the operations of global businesses due to significant implications in: the demand for overseas exports, the esteem of overseas assets, and the price of overseas supplies. For example, given the recent clench of the AUD, global demand for HNs products, such as exported furniture, has decreased, as they have become more expensive for other nations to purchase. However, the cost of overseas supplies, such as HNs laptops from Japan, have become cheaper to import, and overseas loans become cheaper to service, which is highly ripe to HN, as over 65% of its finance is from sources outside...If you want to hold a full essay, order it on our website: Ordercustompaper.com



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