Competition and business risk Essay Example | Topics and Well Written Essays - 2250 words

Competition and business risk - Essay ExampleBeing a international follow, Company H has eight other competitors in the market considering the fact that its market spreads across quadruple economic zones of North America, Africa, Europe, Latin America, as well as Asia Pacific.Over the quartetteteen years, I had the biggest quarrel and responsibility of making strategic decisions each year to enhance sustained profitability in entree to expanding the lodge niche in the market. Among other areas where strategic decisions were necessary included branded production and distribution decisions, corporate social responsibility, plant capacity, sales forecasts, marketing and other promotional activity decisions, private notice operations, endorsement of celebrities, and most importantly, financial decisions (Goldratt, 1997, p. 63). At the end of each year over the fourteen years, four features served as the yardstick applied by the board to evaluate my exertion. They included Earnin gs per share, credit rating, sacrifice on equity, and image rating. To me, it was clear that the operational performance of the company directly influenced these four significant performance measures. Therefore, it was my responsibility to oversee effective running of all operational activities within company H.Assessment of the PESTEL gives insights of company H currently, a position achieved under my guidance. This analysis will allow proper understanding of different factors within the macro environment that influence daily operations of the company. The relevance of evaluating PESTEL is that it brings forth a big picture of the environment within which Company H operates as well as opportunities and threats occurring within the identical macro environment. Knowledge of the external environment within which the company runs business helps the management on behalf of the company take advantage of opportunities availing themselves and cut down threats posed by external factors. I understood all the way the five force