Analysis of Unstable Economic Environment

Today, organizations operate in a highly unstable and challenging economic environment. It is influenced by several factors such as globalization and economic growth. To survive in this challenging economic environment, organizations need to greatly focus upon improvising their processes and systems to gain competitive advantage. This can be achieved through effective management of supply chain. Moreover, the introduction of internet technology provides a better and enhanced framework to conduct these activities via computer networks.
This leads to better understanding of the present and future market changes, also helps in analyzing the opportunities and threat and providing effective solutions. The E-commerce applications have led to major benefits to gain competitive advantage in today’s highly unstable and competitive environment (Scott and Comer, 1999). Even though, if businesses do not wish to apply these E-commerce applications, they can still gain competitive advantage by making their supply chain more effective and efficient.
Unstable economic environment forces businesses to become more competitive and it sometimes leads to intense rivalry between competitors and hence becoming negative for the society. Therefore, governments should also take their part of regulating business activities to ensure that businesses do not indulge in negative activities. In order to make the economy environment stable, business activities should also be monitored. Key factors that Influence the Economic Environment

Save Time On Research and Writing
Hire a Pro to Write You a 100% Plagiarism-Free Paper.
Get My Paper

These factors lead to critical challenges for the organizations and make it highly difficult for them to compete successfully in the economic environment. Globalization Globalization is the expansion of business markets all over the world and the free trade taking place between countries (Scott and Comer, 1999). It allows major advantages to businesses as well the countries. But this economic environment has brought dramatic changes in the way the business operates today.
It is mainly due to the increased customers expectations and knowledge that forces businesses to develop hoods and services that can meet their demand in terms of quality and prices mainly (Scott and Comer, 1999). Hence, the global market keeps on fluctuating and one country’s economy affects another country’s economy and thus impacting upon all businesses. Therefore, it is very difficult to compete in such challenging economic environment where consumer behavior, expectations, government policies and political issues keeps changing.
Economic Growth The economic growth of a country is the increase in the over all productivity by and Gross Domestic Product. The growth rate of a country’s economy keeps fluctuating due to many reasons that are explained in the Macro economics of a country. Therefore, this increase unstable economic environment for organizations as when there is high inflation prevailing in the country, it will lead to higher costs for the company and hence reduce demand for its goods and services (Scott and Comer, 1999).
Price level Stability Price level stability is to maintain a stable or slowly rising piece levels. This is one of the most important factors that determine a business’s success. Because if prices rises dramatically, it will lead to high costs for the business and expensive final goods and services with low demand and sales. Hence, businesses face these challenges when there are unstable price levels in the economy.

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our Guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Online Class Help Services Available from $100 to $150 Weekly We Handle Everything