The business environment themes and issues

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Veröffentlicht: Oxford [u.a.] Oxford Univ. Press 2008
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_version_ 1819747784265302016
adam_text Detailed contents List of cases xvii Types of organization structure 21 About the authors xix Functional structure 21 Aboutthe book xxii Matrix structure 22 How to use this book xxiv Divisions and operational units 23 How to use the Online Resource Centre xxvii Hierarchical structure 23 Acknowledgements xxix Delayering—flat structure 23 Environmental analysis 24 01 Introduction: business and its Uncertainty and bounded rationality 24 environment 1 PEST (and its variants) 24 Paul Wetherly and Donon Otter SWOT (strengths, weaknesses, opportunities, threats) 25 The approach of this book—themes and issues 2 Alternative scenarios Trend extrapolation 25 25 What is business? 4 Expert opinion 26 Business and the problem of scarrity 4 Stakeholder analysis 26 The private sector of business 5 Summary 27 The private sector—on closer inspection 7 Case study: UK plť 28 Free market vs. regulation? 7 Review and discussion questions 29 Competition vs. market power? 9 Assignments 30 Profit vs. sodai responsibility? 9 Further reading 30 Other sectors of business—the public sector Online resources 30 and the third sector 10 References 30 Differences between the private and public sectors 10 PART ONE Environments 31 A simple model of business in its environment—transforming inputs into outputs 13 02 The economic environment 33 Porter s five forces model 14 Donon Otter Conceptualizing the environment of business 15 Introduction 35 Spatial level—locatto global 15 Describing the economic environment 35 External and internal environments 16 Labour 36 Immediate and general environments 17 Land 36 Environmental uniqueness 17 Capital 36 Interaction between business and the Enterprise 36 environment—responding, influencing Developing the economic problem 36 and choosing 17 Commodities 36 Responsiveness 17 Efficiency 39 Influence 18 Threeimportant concepts 39 Choice of environment 18 Perspectives on the economic environment 40 The nature of the internal environment 20 The price mechanism 42 Whatis an organization? 20 Neoclassical economics 43 Detailed contents The case for government intervention 43 Disadvantages of the market system 43 Competing critiques—the need to acknowledge the modern nature of capitalism 44 Markets and how they operate 47 Demand and supply 47 Demand and price 49 Demand curves 49 Supply and price 50 Surplus in the market 51 Shortages in the market 52 Analysing market changes: the significance of equilibrium 52 Equilibrium analysis explained 53 Equilibrium analysis—guidelines for use 53 Market power 55 Income elasticity of demand 57 Looking ahead 58 Summary 59 Case study: the food business 59 Review and discussion questions 60 Assignments 61 Further reading 61 Online resources 62 03 The technological environment 63 Donon Otter Introduction: what is technology? 65 How does technology foster business growth and development? 67 Total output/total amount of labour 67 Technology and national competitive advantage 70 Perspectives on creating a national environment to promote technology 72 Technology and business competitive advantage 74 The technology debate 77 Industrialization 78 Military technology 79 Energy technologies 79 New technologies 80 Appropriate technology 84 Looking ahead 84 Summary 85 Case study: containerization Review and discussion questions Assignments Further reading Online resources References 86 88 88 88 89 89 04 The political-legal environment 90 Paul Wetherly Introduction: what is politics? Why is politics necessary? 92 Free marketversus regulation 92 Constraints and opportunities 93 Compliance 93 Narrow and broad conceptions of politics 93 What has politics gotto do with business? 94 The state and the market 96 The interdependence of business and government 96 Regulation 97 Taxation 97 Public services 98 Government as customer 98 Managing the economy 98 The international dimension 99 The UK political system 99 The modern state 99 Liberal democracy and the constitution 101 Multi-level governance 107 Political values and ideologies 109 Leftversus right 109 Ideology and political parties 112 The main political parties из The Conservative party 113 The Labour party 115 The Liberal Democrats 116 Looking ahead иб Summary 117 Case study: politics afterThatcherism Review and discussion questions Assignments Further reading Online resources References 117 119 119 119 120 120 05 The social and cultural environment 121 Paul Wetherly Introduction: what is the social and cultural environment? 123 What has it got to do with business? Society, culture and business 125 Examples of social-culturalimpacts on business 125 Examples of business impacts on culture and society 127 Organization culture 127 Demographic trends—an ageing population 128 An ageing population 128 Implications of ageing for business 129 Detailed contents Xl Immigration and multiculturalism 132 Looking ahead 182 Implications of immigration for business and society 133 Summary 183 Class structure 135 The meaning of class 135 Case study: what does an independent central Capitalism and class 135 bankdo? 183 The occupational order 136 Review and discussion questions 185 Social mobility 138 Assignments 185 Relevance of the class structure to business 139 Further reading 186 Online resources 186 Inequality 139 References 186 Equality of opportunity versus equality of outcome 140 The tax/benefit system MO Public services 140 07 Can the marketplace be ethical? Corporate The earnings distribution 141 sodai responsibility 187 Executive pay 141 Simon Robinson Household income 141 Introduction 189 What has inequality gotto do with business? 143 The emergence of the CSR agenda 190 A woman s place? 145 Key terms in the discussion of corporate Occupational segregation 145 responsibility 191 Flexible work 146 Corporate social responsibility 192 Low pay 146 Corporate citizenship 192 Is business responsible? 147 Business ethics 192 Does it matter? 148 Justifying CSR 193 Looking ahead 149 The free market view of CSR 193 Summary 149 Stakeholder theory and CSR 195 Case study: decline of the working class? 150 The motivations for pursing a CSR policy Self-interest 198 198 Review and discussion questions 152 Mutual interest 199 Assignments 152 Shared responsibility 199 Further reading Online resources 153 153 An overview of CSR policy and process using References 153 Aviva as a case study 200 PART TWO Issues 155 06 Keeping the economy stable 157 Chris Mulheam and Howard R. Vane Introduction: the macroeconomy and macroeconomic policy The objectives of macroeconomic policy A stable and satisfactory rate of economic growth Long-term growth Short-term growth A high and stable level of employment, and a consistently low level of unemployment A low and stable rate of inflation 169 The case for stabilizing the economy 171 Stabilization policy in question 176 From stabilization policy to controlling inflation 179 Contemporary macroeconomic policy—an eclectic macroeconomics 181 The process and practice of CSR Data gathering Value clarification and management Responsibility negotiation and planning Audit Looking ahead Summary 201 201 201 205 206 208 209 159 Case study: Nestlé and infant formula 209 160 Review and discussion questions ZII 161 Assignments 211 163 Further reading 211 164 Online resources 212 References 212 166 08 Achieving a better work-life balance 213 David Chesley and Stephen Taylor Introduction 215 Whatiswork-lifebalance? 218 Why work-life balance is moving up the agenda 218 The intensification of work 219 Xli Detailed contents Labour market trends Social trends Government initiatives Working time regulations Part-time workers regulations Time off for family emergencies Paternity leave Adoption leave Parental leave The right to request flexible working Maternity pay and leave Stress checks Em ployer і nitiati ves Balancing work and retirement—the pensions crisis The state versus the market The proposals of the Turner report Looking ahead Summary Case study: work-life balance in practice Review and discussion questions Assignments Further reading Online resources References 220 222 223 224 225 226 226 226 226 227 227 228 229 230 232 233 234 235 235 237 237 237 238 238 09 Europe: an ever-closer union of member states? гз9 Roger Henderson and Stratiš Koutsoukos Introduction: the EU and its members 241 Members and treaties 241 Institutions and derision-making 243 Council of Ministers of the European Union 243 European Parliament 243 European Commission 244 Integration, trade and cultural considerations 245 Restricted free trade: customs union to single market 245 Higher level integration 247 EU trade in a global business context 247 Cultural diversity and business implications 247 The euro and business 248 Exchange rates and the euro 248 Euro performance 250 U K and the euro 251 Euro business strategy and operations 252 Financing the EU: budget issues and challenges from enlargement 253 Budget objectives and composition 253 Key budget issues and challenges 254 The Common Agricultural Policy (CAP) 256 Budget reforms 256 Regional policy 258 Enlargement 258 Doing business in the new Europe 260 Industry policy 261 Competition policy 263 Europe and the future: ever-closer union or ... ? 265 The Sapir Report 265 Scenarios for 2010 265 Looking ahead 267 Summary 269 Case study: the knowledge economy: Finland and Nokia 269 Review and discussion questions 271 Assignments 271 Further reading 271 Online resources 272 References 272 10 Business and the changing public sector 273 Richard Rooke Introduction 275 The public and the private sectors 275 The present era 276 The political environment and public sector management 276 Politics and policy-making 277 Central government and localauthorities 278 Politicalsystems 279 Public sector effectiveness 280 The shift in emphasis since 1979 in Britain and across Europe from the 1980s and 1990s 281 Privatization 281 New public management 282 Pressure for reform 283 Approaches to reform in the context of public service management 283 An outline of the reform strategy and implementation in Great Britain 284 Public-Private partnerships 285 Private finance initiative (РП) 287 Data and the auditing 287 Data, measurement, statistics, performance indicators 289 Auditing regimes 290 Auditing organizations 290 The political and policy organizations 291 The voluntary sector 291 Agencies, NGPSs 292 Detailed contents • · · Xlii Looking ahead Summary 293 293 Case study: fire safety provision 294 Review and discussion questions 297 Assignments 298 Further reading 298 Online resources 298 References 299 11 Business in the political arena зоо PaulWetherly Introduction 302 The complexity of the political arena 302 The play of interests and powerin the political process 303 The representation of business interests 306 Understanding the influence of business in the political process 307 The democratic ideal 307 The pluralist approach 308 The lessons of Sundaytrading 311 Classification of groups 312 Neocorporatism—the importance of economic interests 318 The neocorporatist phase in the UK 319 Making agreements stick 319 Social partners 319 The privileged position of business 320 Control without trying 320 Business as a political actor 321 The consequences of globalization 321 The ups and downs of business influence over policy-making 322 Business influence— nothing spedai or unique ? 323 Pressure on business from CSOs 323 Ethical consumerism 324 Is business influence in the political process a good thing? 325 Looking ahead 326 Summary 326 Case study: the political influence of the car industry 327 Review and discussion questions 329 Assignments 329 Further reading 329 Online resources 330 References 330 12 Globalization of business ззі Donon Otter Introduction: the impact of globalization on the business environment 333 Globalization: from locatto global? 334 What is globalization? 336 International trade and the creation of the global marketplace 336 Globally organized production and investmentflows 337 Migration 337 Communication flows 337 Culturalflows 338 Rapid technological change 338 The growth of globalization 338 Perspectives on globalization 339 Classical and neoclassical views 339 Ricardo and comparative advantage 340 Radical/Marxist views: globalization is bad—the dependency tradition 341 Structuralist writers—globalization could be good if ... 342 Evidence 346 The global challenge: international business strategy and the global environment 347 International business strategy 347 Global ethics forthe global business? 348 Global CSR 349 Global ritizenship 349 Employment practices 350 Human rights 351 Environment 351 Abuse of market power 351 Attitudes to graft and corruption 351 Looking ahead 352 Summary 352 Case study: coffee Review and discussion questions Assignments Further reading Online resources References Introduction What is law? Categories of the law Sources of the law 353 354 355 355 355 356 13 Balancing business freedom and the authority of the law DavidAmos 357 359 360 361 362 Iři If Detailed contents Case law/precedent 362 Strengths and weaknesses of small business 405 Legislation 363 Widening participation in enterprise 407 Structure of the courts 363 Female entrepreneurs 407 Criminal cases 364 Black and minority ethnic (BME) entrepreneurs 408 Civil claims 364 Entrepreneurs from the baby boom generation 409 The European Court of Justice 364 Looking ahead 409 Tribunals 365 Summary 410 Alternative dispute resolution 365 The European Union 365 Case study: the female entrepreneur 411 Sources of European law 366 Review and discussion questions 413 Who makes European law? 366 Assignments 413 Who enforces European law? 367 Further reading 413 Business organizations 368 Online resources References 414 414 Sole traders 368 Partnership 369 Limited liability partnerships 370 15 Business and sustainable development 416 Companies 371 Eamonn Judge Values and the law 376 Introduction: the impact of sustainable How fer should the law intervene—regulation vs. development issues on the business environment 418 deregulation 377 Historical context 418 Deregulation? 377 Moving from history to the present day 419 Regulation? 378 The current global environmental problem and Self-regulation? 379 business, and the international response 421 Looking ahead 381 The current global environmental problem 421 Summary ЧЯ1 International responses: the Earth Summit and after 424 The application of sustainable development Case study: the working time directive 382 frameworks to environmentalissues 426 Review and discussion questions 383 Conventionalframeworks for dealing with Assignments 383 environmentalissues 426 Further reading 383 The concept of sustainable development (SD) 427 Online resources 384 Types of approaches for dealing with environmental References 384 problems 430 Sustainable development and business 432 14 Entrepreneurship and enterprise 386 Defining sustainability in relation to business 432 Alison Price and Martyn Robertson The significance of sustainable development for business 438 Introduction 388 UUJ III ^Jj Looking ahead 439 Understanding enterprise and entrepreneurship 388 Summary 439 What is enterprise? 389 What is an enterprise orSME? 389 Case study: sustainable transport for a large business 440 Who is the small-business manager? 390 Review and discussion questions 442 Who is an entrepreneur? 390 Assignments 443 Defining the entrepreneur as social, serial, or an Further reading 443 intrapreneur 390 Online resources 443 What makes an entrepreneur? 393 References 444 Key dimensions« the development of small business 395 16 Conclusion: themes and issues—looking 1 Stage of growth 395 ahead 445 2 Sector 398 Donon Otter and Paul Wetherty 3 Values of enterprise 400 Introduction 447 The importance of new businesses and SMEs 402 Looking back to the future 448 Detailed contents XV The global business environment post-1945 449 Looking ahead: the technological environment 462 Domestic business environment in the first world 450 Creating the knowledge economy—opportunities 462 Lessons to be learned? 451 Threats of technology 463 Looking ahead: the political environment 452 Summary 464 A new approach to combining the state and the market? 452 Case study: the football business 464 Challenges for the future political environment 453 Review and discussion questions 466 Looking ahead: the economic environment 455 Assignments Online resources 466 466 Economic stability and growth 456 The China effect 456 Threats to economic stability and growth 457 Glossary Index 467 477 Looking ahead: the social environment 458 Affluent societies 458 Social problems 458 The business response 460
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record_format marc
spellingShingle The business environment themes and issues
Gesellschaft
Industrie
Wirtschaft
Business
Industries Social aspects
Unternehmen (DE-588)4061963-1 gnd
Umwelt (DE-588)4061616-2 gnd
subject_GND (DE-588)4061963-1
(DE-588)4061616-2
(DE-588)4151278-9
title The business environment themes and issues
title_auth The business environment themes and issues
title_exact_search The business environment themes and issues
title_full The business environment themes and issues ed. by Paul Wetherly ...
title_fullStr The business environment themes and issues ed. by Paul Wetherly ...
title_full_unstemmed The business environment themes and issues ed. by Paul Wetherly ...
title_short The business environment
title_sort the business environment themes and issues
title_sub themes and issues
topic Gesellschaft
Industrie
Wirtschaft
Business
Industries Social aspects
Unternehmen (DE-588)4061963-1 gnd
Umwelt (DE-588)4061616-2 gnd
topic_facet Gesellschaft
Industrie
Wirtschaft
Business
Industries Social aspects
Unternehmen
Umwelt
Einführung
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