Preview

Explain the Concept of Business Environment

Satisfactory Essays
Open Document
Open Document
627 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Explain the Concept of Business Environment
Skip to main navigation

* Sitemap

Competing for growth: Winning in the new economy - Competing for growth: the framework - Ernst & Young - Global

* Ernst & Young Online sign-in Ernst & Young Online sign-in Ernst & Young Online User name: Password: Learn more

Forgot User name or Password Please enter your email address to verify your account:

Email: Learn more

Return to Login * Library * About us * Newsroom * Stay Connected o Email alerts o Twitter o Webcasts/podcasts * Global (English)
*

Ernst & Young

* Home * Insights * Industries * Services * Careers
*

You are here:

* Home * > Insights * > Business environment * > Competing for growth: Winning in the new economy - Competing for growth: the framework

Competing for growth framework

Our research shows that high-performing companies are significantly ahead of their competitors in four critical areas.

Emerging markets are growing, but there is a significant variation in performance across them.

Companies across all sectors and markets are expecting the new economy to be even more competitive than the old over the next two years, according to our survey of 1,400 executives from around the world.

The increased competitive pressure extends across the value chain for labor, input materials and capital. And those from emerging markets expect competitiveness to increase the most, as companies from developed markets enter and local players intensify their focus.

Competition in the new economy is dynamic and being shaped by four macro–economic factors which, while not new, have a significantly more pronounced importance than before.
Market variation has increased

Emerging markets are growing, but there is a significant variation in performance across them. Similarly, some developed markets are
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Good Essays

    Competition Versus Sam's Wholesale
    • 470 Words
    • 2 Pages

    Competition Versus Sam's Wholesale

    The five competitive forces among the industry are very important. However, rivalry among competing sellers, buyers and suppliers are the most important. Since the case discusses major wholesale clubs, the possibility of these being affected by potential new entrants is pretty low.…

    • 470 Words
    • 2 Pages
    Good Essays
    Read More
  • Better Essays

    Str 581 Week 4
    • 947 Words
    • 4 Pages

    Str 581 Week 4

    Recognizing an organization’s alternatives for growth is an important process for companies. By evaluating and selecting the competitive advantages within a market a company can distinguish themselves from their competition. For an organization the “grand strategies indicate the time period over which long-range objectives are to be…

    • 947 Words
    • 4 Pages
    Better Essays
    Read More
  • Satisfactory Essays

    Strategy Plan for Mitt Romney
    • 1212 Words
    • 5 Pages

    Strategy Plan for Mitt Romney

    But how? A growth agenda for the nation requires several parts: (1) an emphasis on productivity growth, with policies to support saving and investment, innovation and research, trade, education, and training; (2) a budget framework that does not threaten our fiscal health; (3) tax policy that enhances economic growth; (4) regulation that balances growth with concerns about safety and soundness; and (5) a healthy financial system that meets the needs of savers and borrowers.…

    • 1212 Words
    • 5 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    New Economy and Its Specifications
    • 6810 Words
    • 28 Pages

    New Economy and Its Specifications

    1. Introduction From around 1938 to 1974, the economy was built on a manufacturing base geared toward standardized production. It was organized into stable, hierarchical and generally autocratic organizations. These organizations achieved a competitive edge in the market by making standardized products faster and more economically. They focused on incremental cost reductions and a national marketplace. This is how success and prosperity were achieved in most states. (Jacquelyn P. Robinson, 2000) Now that companies can source capital, goods, information, and technology from around the world, often with the click of a mouse, much of the conventional wisdom about how companies and nations compete needs to be overhauled. In theory, more open global markets and faster transportation and communication should diminish the role of location in competition. After all, anything that can be efficiently sourced from a distance through global markets and corporate networks is available to any company and therefore is essentially nullified as a source of competitive advantage. (Michael E.Porter, 1998) Traditional concepts of the factors of production need to be changed - Was land, labour and capital, now need to add knowledge. A firm 's ability to gather, process and distribute information into enterprise wide knowledge is a core competence in competitiveness. http://www.scribd.com/doc/28758846/Information-Economy-and-Knowledge-Management; accessed on 26.12.2010…

    • 6810 Words
    • 28 Pages
    Good Essays
    Read More
  • Powerful Essays

    High Costs of Health Care & Affordable Care Act --GK
    • 1432 Words
    • 5 Pages

    High Costs of Health Care & Affordable Care Act --GK

    As a part of this paper we will be taking the current US economy and analyze its performance and discuss what we need to do to make sure it grows at a healthy rate.…

    • 1432 Words
    • 5 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Bric Analysis
    • 4927 Words
    • 20 Pages

    Bric Analysis

    In 2003, Goldman Sachs, a leading investment banking company published a report on the future of the world economy. According to the report, the BRIC countries will become leaders in the economic powers of the world by 2050, with the USA and Japan amongst the six largest economies of the world.…

    • 4927 Words
    • 20 Pages
    Powerful Essays
    Read More
  • Good Essays

    Porters Five Force Analysis of Honeywell
    • 786 Words
    • 4 Pages

    Porters Five Force Analysis of Honeywell

    EnablersHoneywell’s ability to continually improve comes from successfully achieving two seemingly competing tasks at once – productivity and growth. Our global processes – or Enablers –…

    • 786 Words
    • 4 Pages
    Good Essays
    Read More
  • Good Essays

    Explain Your Personal Learning Style
    • 896 Words
    • 4 Pages

    Explain Your Personal Learning Style

    Standing still in today’s world, results in going backwards. You need to continually grow and develop to remain competitive.…

    • 896 Words
    • 4 Pages
    Good Essays
    Read More
  • Powerful Essays

    Chinese VS American Parenting
    • 1753 Words
    • 8 Pages

    Chinese VS American Parenting

    However an understanding of what a competitive society is, is crucial to objectively find the solution to the problem. A competitive society is based off of 12 pillars according to the 2012- 2013 Global Competitiveness Report conducted by the World Economic forum. The first nine pillars of the Global Competitiveness Report consist of institutions, infrastructure, the macro-economic environment, market size, business sophistication, good market efficiency, labor market efficiency, financial market development and technological readiness. These first 9 pillars are all primarily focused on the government regulations and productivity of business. The last three pillars, although still affecting productivity, stems from education. They include health and primary education, higher education and training, and Innovation. The health and primary education pillar is self-explanatory. Stressing the need for…

    • 1753 Words
    • 8 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Relationship between the performative nature of contemporary culture and new workplace architectural forms
    • 2643 Words
    • 9 Pages

    Relationship between the performative nature of contemporary culture and new workplace architectural forms

    Collins, J. (2000): Built to Flip, A Battle is Under Way for the New Economy. Which Side are you on?, ‘Fast Company’…

    • 2643 Words
    • 9 Pages
    Powerful Essays
    Read More
  • Best Essays

    Mainfreight Case Study
    • 4472 Words
    • 18 Pages

    Mainfreight Case Study

    New Zealand Management magazine. (2007, December). Colliers International Best Growth Strategy: Mainfreight – Boldly stepping beyond. pp. 59.…

    • 4472 Words
    • 18 Pages
    Best Essays
    Read More
  • Good Essays

    When Growth Stalls - 1 Page Review
    • 666 Words
    • 3 Pages

    When Growth Stalls - 1 Page Review

    Authors’ insist that on the strategy agenda, guarding against growth stalls should be at the top. And firm should renew their competence in strategy in this point.…

    • 666 Words
    • 3 Pages
    Good Essays
    Read More
  • Good Essays

    Ageing Population in Singapore
    • 785 Words
    • 1 Page

    Ageing Population in Singapore

    equip this sector of the population with the skills necessary to remain competitive in the…

    • 785 Words
    • 1 Page
    Good Essays
    Read More
  • Powerful Essays

    Action Plans Needed to Implement Best Practices in Ob to Enhance Organisational Competitiveness-Study on Eid Parry a Market Player in the Sugar Industry
    • 3086 Words
    • 13 Pages

    Action Plans Needed to Implement Best Practices in Ob to Enhance Organisational Competitiveness-Study on Eid Parry a Market Player in the Sugar Industry

    Predictions of the 1990's as a decade of "white water rafting" and enormous change are coming true. In seemingly nano-seconds, world events change: political systems of centuries are overturned in weeks without bloodshed, wars are begun and ended in less time than it takes to complete the NBA playoffs or The Barclays Premier League, secure political futures are jeopardized with overnight polls. Firms that have been long honoured for excellence and success struggle to maintain market share. Firms known for growth and expansion face the unenviable task of downsizing and doing more with less. Service firms have replaced manufacturing firms as the dominant organizational form. An executive recently remarked that businesses that have taken over 50 years to build can be literally dismantled in less than two years if executives fail to adapt and change. In this more demanding and changing business context, the need to find new ways to compete becomes ever more important. Competitiveness has become a fundamental belief and goal that drives executive behaviour. Losing competitiveness means defeat. Gaining competitiveness becomes a constant quest. Finding new forms of competitiveness becomes a necessity. In the last few years, executives have begun to see that competitiveness is not based solely on product, technology, systems, or financial engineering.…

    • 3086 Words
    • 13 Pages
    Powerful Essays
    Read More
  • Best Essays

    Essay on Pralahad's book
    • 4764 Words
    • 20 Pages

    Essay on Pralahad's book

    London, T. & Hart, S. (2011). Next Generation Business Strategies for the Base of the…

    • 4764 Words
    • 20 Pages
    Best Essays
    Read More

Related Topics