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2 pages/≈550 words
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APA
Subject:
Management
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Essay
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English (U.S.)
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Topic:
Macroenvironmental factors that impact a business
Essay Instructions:
The Unit 1 Assignment is based on the competitive and macroenvironmental factors that impact a business, as explained in Chapter 3. As a reminder, competitive environmental factors include rivals, new competitors, customers, substitute services, and suppliers. Macroenvironmental factors include laws and regulations, the economy, technology, demographics, and social values.
For this assignment, you will choose a company that interests you. Choose wisely, as you will evaluate aspects of this company in various ways throughout the course.
Visit the Hoover’s Company Records guide accessible in the Library. This guide provides an overview of various public companies in terms of both internal and external factors.
Here is the link of the Hoovers company records.
https://www(dot)proquest(dot)com/central/browsetitles/HooversCompanyRecords_business?accountid=34544&parentSessionId=yw7T6HGeBsWn7z3KR5qEj2bBpW4LHA7Vl96ZbL%2FU76o%3D#top
Choose one of the company’s profiled by Hoover’s. It is best to choose a company with which you are already familiar.
Read the guide for your chosen company, paying attention to note factors that relate to the environmental factors as described in Chapter 3 of the text.
Using this document and your own experience and knowledge of the company, prepare a paper that describes each of the competitive and macroenvironmental factors forming your chosen company’s overall business environment.
Assignment Checklist:
Utilize the Unit 1 template. (see attachments)
Provide one example, with supporting details, of how each of the ten competitive and macroenvironmental factors impacts your chosen company.
Rivals
New competitors
Suppliers
Customers
Substitutes
Laws and politics
Economy
Technology
Demographics
Social factors
The paper is required to include an introduction, conclusion and be at least two double-spaced pages in length, using 11-point Georgia font. For assistance writing a paper or formatting a reference list in APA format, please see the Academic Writer link under Academic Tools.
Reference your course textbook and Hoover’s Company Records guide located in the Purdue University Global Library.
Essay Sample Content Preview:
Competitive and Macro Environmental Factors
Student Name
Course
Instructor
Date
Competitive and Macroenvironment Factors
Introduction
Amazon operates in a dynamic business environment, hence crucial to understand the competitive and macro environmental factors and their impact. In this paper, we shall look at how Amazon is affected by the factors and how it utilizes the knowledge to strategically make decisions and maintain its competitive edge.
Impact on Amazon
Competitive Environment
1 Rivals – One of Amazon’s significant competitors is Walmart, especially in the e-commerce sector. Walmart's products and services are similar to Walmart's with competitive prices, thus a need for progressive innovation and service improvement that will elevate customer satisfaction and maintenance of market share.
2 New competitors – New competitors in the industry are driven by the emergence of new technologies and Shopify serves as an example. Shopify gives Amazon competition by presenting innovative business models and technologies (D&B Business Directory, 2023). Hence, to remain competitive Amazon adapts to the technological changes through investing in research and development and looking for potential disruptors partnerships.
3 Suppliers – the company is multifaceted with various suppliers such as Samsung and electronic manufacturers. The company thrives at having a good relationship with its suppliers, thus maintaining quality products, availability, and efficient delivery (Bateman & Konopaske, 2022). The company is therefore able to effectively overcome challenges in the supply chain such as climate changes or natural disasters.
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