Globalization And The Globalization Project - 1266 Words

In this paper you will understand the shift of the development to the globalization project. In doing so you will learn what â€Å"globalization† means as a project and as a process and why it is described as being in crisis. Next you will learn about the financial and farming dimensions of the problems confronting the globalization project. With that you will thirdly learn about how global warming presents multiple challenges to globalization. I will also discuss the emergent â€Å"sustainability project†, with particular attention to agricultural, â€Å"green technology† and environmental movements. Lastly I will analyze how terrorism and the emergence of Trumpismo complicates all of this. To start globalization as a project means spreading to†¦show more content†¦The debt crisis transformed the development project into a globalization project. In 1997 Asian financial crisis, exposed Indonesian military regime in social rebellion against cronyism and neoliberal austerity, called IMF policies into question. During this crisis the IMF had worsened the finical crisis because of speculator fear. (Mc Michael 282). In 1997 Asian financial crisis had the government control half of their industrial assets, and invest in infrastructure. With this the government was not capable of meeting a number of demands from private economic sector. The free market economy was opposed to state move to increase the profit of the free market economy and the government took this step because it was being pressurized by people. The market –induced crisis in Argentina reveled the legitimacy crisis of the globalization project at the same time it exposed ambiguities of sovereignty (Mc Micheal118). With this the market-induced financial crisis, matched a disturbing democracy and by a regime that surrounded the sovereignty in its financial policy, and citizens responded with forms of direct democracy with violence. The crisis of globalization is as a manifested in both its material and failures and resistances. (McMichael 119). Next is the financial and farming dimensions of the problems confronting the globalization project? In 1955 the Agreement on Agriculture (AoA) advocated universal reductions in trade protections, farmShow MoreRelatedPG Japan the Sk-Ii Globalization Project2059 Words   |  9 PagesGMBA 5075 International Management Case 5-2 - Pamp;G Japan: The SK-II Globalization Project Group Report Due date: 12/03/12 By: Wendy Rodriguez Francisco Oliveira Francisco Andujar Yichen Li Intro: This case describes how SK-II which is a fast-growing skin care product is becoming very popular with a price to match its performance. After being introduced in Hong Kong and in Taiwan, Pamp;G believes that this brand has a strong global potential. At the conclusion of this case, theRead MorePG Japan the Sk-Ii Globalization Project3489 Words   |  14 PagesPG Japan: The SK-II Globalization Project When looking at the archetype of PG it can be seen that it is an Multi Centred MNE. Which consists of a set of entrepreneurial subsidiaries abroad which are key to knowledge-based FSA development. National responsiveness is the foundation of the international strategy. The non-location bound FSAs that hold these firms together are minimal: common financial governance and the identity and specific business interest of the founders or main owners. LaterRead MorePG Japan: the Sk-Ii Globalization Project1692 Words   |  7 Pageswith other valuable knowledge from the Chinese market that could be used in the future to enter in other developing nations. However, a failure in the Chinese market would discourage future managers from suggesting brands or product lines for globalization. It could also mean that RD personnel, who had been involved in new global product development activities, might now limit themselves to only a Japanese market. They might ignore other opportunities that could be utilized somewhere else, and nowRead MoreInternational Technological University ( Itu )1265 Words   |  6 PagesSTUDENT NAME: Manoj Duraiswamy STUDENT NUMBER: 86018 International Technological University (ITU) EM 900-3 / Engineering Management I Quiz 1 TOPICS COVERED: What is Engineering Management? / Globalization / Disruptive Technology The Strategic Use of IT to Obtain Competitive Advantage November 15, 2014 Instructor: Tom Tafolla, J.D. INSTRUCTIONS: 1. Anyone caught cheating, by any means, will automatically receive an â€Å"F† grade and will be reported to the ITU Academic Integrity CommitteeRead MoreInfluence that Created Globalization1626 Words   |  6 Pages Globalization is the result of... the integration among other countries involving the exchanges of goods, services, technology, information, culture and people as well. Globalization really began to take off as the demand for other countries products, goods and services to be traded with other regions around the world for their products and services rose significantly. In my opinion, the supply and demand principle has been a great influence in the result of globalization. The reason for thatRead MoreExploring Multi Project Management And Its Impact On Either Market Or Organizational Performance Essay1277 Words   |  6 Pagesempirical research has focused on individual projects., however, most large manufacturers have several products lines and constantly d evelop new products to replace existing products or to add completely new product lines. Each project within a firm has at least some linkages both technologically and organizationally with other on-going projects and past projects within the firm. Therefore, it is very important managing of different projects interact organizationally or relate to each other technicallyRead MoreHybridity As The Cultural Effect Of Globalization- Introduction1563 Words   |  7 PagesHybridity as the cultural effect of globalization- Introduction According to Avtar Brah and Annie Coombes, the term hybridity originated as a biological term that was used to describe the outcome of a crossing of two or more plants or species. It is now a term that is used for a wide range of social and cultural phenomena involving mixing, and has become a key concept within cultural criticism and post-colonial theory (A. Brah and A.E. Coombes. 2000.). Marwan Kraidy defines the term as theRead MoreGlobalization: A Threat To Democracy Essay1594 Words   |  7 PagesCorporate globalization is a coordinated, coherent suite of initiatives -- and it is unfolding on a canvas much broader than is generally appreciated. Tight budgets, competitive markets, downsized companies -- these aspects of globalization are known to nearly everyone. Those who inform themselves learn that globalization also brings accelerating environmental damage, increased poverty, destabilized societies, a house-of-cards global financial system, and a severe threat to democrac y. But evenRead MoreInternational Educational Innovation And Revolution1023 Words   |  5 Pagesbeginning of the 21st century. In other words, Globalization has changed the basis of the world economy from industry to knowledge (David, E.Bloom,2004). Human resourses is playing a more significant role in self-development, companies and even countries than before. High quality of education, which is no longer the luxurious privilege for a handful of elite group people, has been considered as a basic human right for everyone. Economic globalization provides ever-increasing number of chances forRead MoreIfra Iqbal. April 18, 2016. Globalization 441. Professor1277 Words   |  6 Pages2016 Globalization 441 Professor Garclon Final Exam In this paper you will understand the shift of the development to the globalization project. In doing so you will learn what â€Å"globalization† means as a project and as a process and why it is described as being in crisis. Next you will learn about the financial and farming dimensions of the problems confronting the globalization project. With that you will thirdly learn about how global warming presents multiple challenges to globalization. I will

Essay about Julius Caesar - Mark Antony - 615 Words

Mark Antony, in the play The Tragedy of Julius Caesar, was a brave, intelligent, pleasure-loving, and cunning man. He was loyal to his friend, Caesar, whom he considered a true friend. He looked at life as a game in which he had a signified part to play, and played that part with excellent refinement and skill. Antony was devoted and preferred to be dependent upon Julius Caesar since he rather have enjoyed life than to claim the highest position in the government. He wanted the crown to be given to Caesar so that all conflicts could be avoided. However, this additional power contributed to the conspirators motive to assassinate him. Antony was distraught with Caesars death and sought revenge first by speaking to the crowd in his†¦show more content†¦However, he felt his duty was to carry on Caesars reign and clear his name. Therefore he joined the Second Triumvirate and became a great leader. Antony was looked down upon by all the conspirators except for Brutus. They wanted to kill Antony as well as Caesar because they feared that he would become as powerful as him and possibly a dictator. Brutus persuaded the others not to add to the assassination by saying, quot;And for Mark Antony, think not of him: for he can do no more than Caesars arm when Caesars head is offquot;(2.1.181-183). Brutus underestimated Antony and perceived him as a person who didnt always take life seriously, couldnt have a serious nature and therefore, not a thinker. Brutus continued to argue with Cassius who did not believe him. quot;Alas, good Cassius, do not think of him. If he love Caesar, all that he can do is to himself -- take thought and die for Caesar. And that were much he should, for he is given to sports, to wildness, and much company (2.1.185-189). Brutus judged him as being frivolous, and simply liking sport and partying, with a reputation for womanizing. Unfortunately for Brutus and the conspirators he was respected by Caesar and so simply couldnt be ignored. Caesar respected Antony, and his way of life. He defended him when he said, quot;See! Antony, that revels (makes merry) long a-nights, is notwithstanding (however) up. Good morrow, Antonyquot; (2.4.116-117).Show MoreRelated Julius Caesar Essay: Mark Antony as the Genius of Julius Caesar1286 Words   |  6 PagesMark Antony as the Genius of Julius Caesar Mark Antony - the guy is a genius.   He gives the most powerful and emotional speech ever conjured up by a human mind.   He gets this powerful emotion from the pain of the loss of his friend, Julius Caesar.   In Shakespeares play about the ill-fated Roman ruler, a band of conspirators plot to kill Julius Caesar.   They succeed in doing so, and Caesars best friend Antony is infuriated.   However, he manages to keep his cool, until he is allowed to speakRead More Julius Caesar - Mark Antony Essay781 Words   |  4 Pages Mark Antony nbsp;nbsp;nbsp;nbsp;nbsp;It is human nature to change one’s personality to fit the situation. People behave differently when speaking to a dignitary that when talking to a friend. Over time one can change due to a loss or gain of power, sometimes for the better or worse. In Julius Caesar, for example, Mark Antony goes through several changes. Mark Antony loved Julius Caesar, yet when he passed away Mark Antony swears vengeance, and ultimately is corrupted by the power of runningRead MoreAnalysis Of Mark Antony s Julius Caesar 1328 Words   |  6 Pages2015 Mark Antony In his play, Julius Caesar, Shakespeare uses Mark Antony to develop the theme that one can be driven by his lust for power to deceive those around him. Through his conflicting motivations and interactions, Antony shows his true colors as a man that will stop at nothing to have power, even living a lie to become close with those in high places. Mark Antony develops the theme that one can be driven by his lust for power to deceive those around him in Acts 1, 2, and 3. Antony doesn’tRead MoreComparing the Speeches of Mark Antony and Brutus in Julius Caesar2122 Words   |  9 PagesComparing the Speeches of Mark Antony and Brutus in Julius Caesar The play Julius Caesar was first performed in 1599 at the Globe theatre in London. The Globe theatre was built earlier that year and Julius Caesar was one of the first plays performed there. This gives us reason to believe that the play was written towards the end of 1598 and beginning of 1599. William Shakespeare wrote the play Julius Caesar because Plutarchs Lives, William Shakespeares sourceRead MoreJulius Caesar Brutus and Mark Antony Speech Comparison Essay597 Words   |  3 Pagesby both Brutus and Mark Antony in William Shakespeare’s The Tragedy of Julius Caesar are very persuasive to the audience that they are given to, but rhetorical devices were used in different ways in order for each to have an effect on the people of Rome. In Brutus’s speech, he uses devices such as rhetorical question and antithesis to convince the Romans that he and the conpirators did a good deed by killing Caesar. In Mark Antony’s speech, he sways them to believe that Caesar did not deserve toRead MoreComapring the Speeches of Mark Antony and Brutus in William Shakespeares Julius Caesar1325 Words   |  6 PagesSpeeches of Mark Antony and Brutus in William Shakespeares Julius Caesar The play Julius Caesar reaches a peak of tension at the point of the two speeches, and so it would seem whichever speech was enjoyed more by the crowd would make the speaker the more popular. This was in fact the case in the play. Mark Antony used better techniques of speech than Brutus and he prevailed in the end. After the conspirators have killed Caesar, Brutus agrees to let Antony performRead More Julius Caesar: Comparison of the Eulogies of Mark Antony and Brutus689 Words   |  3 Pages Eulogy, noun. – A well versed, powerful speech which praises someone after their death. In The Tragedy of Julius Caesar, there are two of the most famous, and repeated eulogies ever spoken. These eulogies are very powerful and speak to everyone. They are both written very eloquently, but very different at the same time. One is written as a sadness for Caesar, while the other is written as a man who wants to make others feel guilty for his doing. Both speeches seem to tug on the heart stringsRead MoreWilliam Shakespeares Julius Caesar - Mark Antony Proves to Be the Most Skilful Politician in the Play. Do You Agree?1238 Words   |  5 PagesWilliam Shakepeares Julius Caesar Mark Antony proves to be the most skilful politician in the play. Do you agree? Power is the ability to influence the behaviour of others - whether this is achieved with or without resistance, for good or for bad. Some would go as far as to say that all human behaviour is propelled by the want of power. One can conclude, however, that power is inevitable in the human society. It’s natural. William Shakespeare’s play, Julius Caesar, is brimming with humansRead MoreThe Exciting and Interesting Life of Mark Anthony in the Play, Julius Caesar866 Words   |  3 PagesThroughout the play of Julius Caesar, Mark Antony has shown multiple times the sides of him more in history and sometimes more of just a character. Mark Antony has had a very exciting and most interesting life. He has been through the thick and thin; the deaths of friends, loved ones, spouses, and so much more. It is pretty amazing that one person could conquer so much in a single lifetime. The history of Mark Antony is one of the most important parts of the history of Rome. Mark Antony wa s one of the mostRead MoreJulius Caesar as the Noblest Roman of Them All Essay686 Words   |  3 PagesJulius Caesar as the Noblest Roman of Them All In William Shakespeares Julius Caesar the victorious Mark Antony calls his rival Brutus, the noblest Roman of them all. At the start of the play we witnessed Cassius persuade Brutus to join a conspiracy to kill Caesar. In my essay I intend to discuss four main characters in order to prove or disapprove Mark Antonys statement. The play starts off with Julius Caesar entering Rome after his victory in the civil

Communication Failure Free Essays

string(89) " feelings and emotions as well as the feelings and emotions of others \(Goleman, 1998\)\." â€Å"Communication is not an easy process. It involves verbal and non-verbal attempts to assist the other person to understand what we are trying to communicate. Yet it often fails. We will write a custom essay sample on Communication Failure or any similar topic only for you Order Now † The communication occurring between two people as discussed in the statement above is known by academics as ‘interpersonal communication’. Interpersonal communication can be defined as a two-way, transactional process in which two people, occupying a shared space, continue to send information to each other and receive information from each simultaneously. DeVito, 2008; Firth, Berry Irvine, 2010; Hartley, 1999). The above statement refers to the process of interpersonal communication. Three clear assertions regarding the process of interpersonal communication are put forth in the statement above. Firstly, it is declared that the process of interpersonal communication is not simple. Secondly, it is declared that both verbal and non-verbal means are employed to foster the process of interpersonal communication. Lastly, it is declared that the process of interpersonal communication often is unsuccessful. This essay will discuss and analyse the above statement and the three assertions it puts forth in regards to the process of interpersonal communication. The interpersonal communication process is said to be comprised of five basic elements, which are: the sender of the information; the receiver of the information; the encoding of the information by the sender; the decoding of the information by the receiver; and the shared means or channel through which the information is sent (Shannon Weaver, 1949, as cited Firth et al. , 2010). DeVito (2008) states there are additional elements which also have some part to play in the interpersonal communication process, these being: feedback from the receiver; feedforward by the sender; noise or interference impacting the interpersonal communication process; and the context or setting in which the communication process takes place. The statement above states that the process of interpersonal communication is often unsuccessful. DeVito (2008) suggests that such unsuccessful communication would be attributed to some of the elements of interpersonal communication either being present, absent or employed ineffectively by ender or receiver. Due to the process of interpersonal communication comprising of a number different elements, it can be concluded that the interpersonal communication process does have a certain degree of complexity as declared in the statement above. The statement being discussed also declares that for the process of interpersonal communication to be succes sful, verbal and non-verbal forms of information are broadcast by both the sender to facilitate understanding. DeVito (2008) states that verbal forms of information are essentially the actual words used by the sender and are chosen to: convey facts and inferences; express the connotation a word is being used in; and express sincerity or criticism. Hartley (1999) adds that the words a sender chooses to employ can communicate assertiveness and social standing. Though verbal communication is important in the interpersonal communication process, non-verbal communication conveys a far greater amount of information to the receiver (DeVito, 2008; Firth et al. , 2010; Hartley, 1999). DeVito (2008) states non-verbal means of information transfer between sender and receiver include: body movements and gestures such as pointing with a finger; facial expressions and gestures such as smiles and frowns; the amount of and nature of eye contact present such as pupil dilatation and breaking or initiating gaze; the actual physical space between sender and receiver where closer space often indicates a greater level of intimacy between sender and receiver; the presence or absence of touch such as shaking hands or embracing; the use of paralanguage which involves the rate, tone and volume at which the sender speaks or the use of utterances; the sender’s view of the importance of time; artifactual communication which involves how one’s physical appearance, clothing, makeup, and material possessions are made known to the sender; and smell such as the presence of perfumes, deodorants, body odour, mouthwashes. Therefore a great amount of information is sent though v erbal and non-verbal communication, which is also made up of many elements. As indicated before, a greater number of elements often results to a greater level of complexity, which is declared in the statement discussed. Though many forms of verbal and non-verbal information sent intentionally to the receiver, sometimes additional verbal nd non-verbal information sent to a receiver is sent unknowingly and unintentionally (DeVito, 2008; Firth et al. , 2010). Most intentional information sent to a receiver is sent verbally and most unintentional information broadcast by a sender is unwittingly sent through non-verbal means (Firth et al. , 2010). Information that is unintentionally expressed by the sender impacts the message decoded and comprehended by the receiver, often leading to ineffective, unwanted or failed communication (DeVito, 2008; Firth et al. , 2010; Hartley, 1999). Therefore, if the amount of unintentional information sent during the process of communication is reduced, th e high chance of communication failure, suggested in the statement above, will be lessened to a degree. While encoding and conveying information in the interpersonal communication process, the sender employs a language they deem to be recognisable easily decoded by the receiver in an attempt to foster successful communication (Firth et al. , 2010). A language can be defined as any verbal or non-verbal manner or means employed to transmit information and understanding between groups of people (Firth et al. , 2010). Verbal and non-verbal messages expressed by should ideally have congruency, meaning they complement each other (DeVito, 2008; Firth et al. , 2010). Incongruent verbal and non-verbal messages often lead to confusion in the receiver, hindering successful reception and comprehension of the information being communicated and therefore resulting in a failure in the communication process (Devito, 2008; Firth et al. , 2010). Hence, congruent verbal and non-verbal messages encoded and communicated by sender will also aid in reducing the likeliness of communication failure. It has been suggested that a failure or breakdown in the interpersonal communication process can be further reduced if both the sender and receiver possess satisfactory levels of what is termed ‘emotional intelligence’ (Goleman, 1998; Lynn, 2002). Emotional intelligence may be defined as a person’s ability to recognise, control and evaluate their own feelings and emotions as well as the feelings and emotions of others (Goleman, 1998). You read "Communication Failure" in category "Papers" Goleman (1998) states that emotional Intelligence is made up of five lements, these being: self-awareness, self-regulation, self-motivation, empathy, and the possession of social skills. Self-awareness comprises of: the ability to recognise one’s emotions; awareness of one’s strengths, weaknesses and potential; and oneà ¢â‚¬â„¢s ability to maintain a satisfactory sense of self-worth and confidence (Goleman, 1998). Self-regulation involves: one’s desire to maintain honestly; one’s ability to keep distracting emotions at bay; one’s ability to ensure a high level of performance in tasks; and the ability to manage and adapt suit to change (Goleman, 1998). Self-motivation requires one to have: a desire to excel; initiative to grasp given opportunities; and the desire to continue pursing goals whilst barriers are met (Goleman, 1998). Empathy involves one’s ability to: perceive other’s feelings; understand others points of view; and nurture others in developing their abilities (Goleman, 1998). A person with a high level of social skills will be able to: listen openly and effectively send messages; negotiate well with others in times of conflict; inspire, guide others or successfully persuade others; collaborate well with others; bring about change; and effectively deal with change (Goleman, 1998). Therefore, possessing a high level of emotional intelligence involves possessing numerous skills. Lynn (2002) states that possessing emotional intelligence enables one to be aware of their own emotions and abilities, and allows one to hold confidence themselves, enabling the person to communicate confidently and effectively. It can be concluded that someone who possesses emotional intelligence is able to manage how they send, receive, encode and decode information. Elements which are of great importance in the interpersonal communication process (DeVito, 2008). Emotional intelligence in the sender and receiver will also impact the remaining elements of the interpersonal communication process. Feedforward is an element of the interpersonal communication process which enables the sender to attract the attention of the receiver before conveying their full message (DeVito, 2008). Feedforward can indicate to the receiver the nature or the importance of the information which is about to be provided to them by the sender (DeVito 2008). DeVito (2008) states that in the interpersonal communication process, feedforward can: open communication channels; provide a sample of what is about to be conveyed; disclaim the message; and altercast which lets the sender and receiver to assume specific roles during the interpersonal communication process. Feedforward therefore, is a good tactic the sender can employ to gain the attention of the receiver before important messages conveyed, heightening the chance of successful information reception. After conveying their message, the sender can make note of feedback given to them by the receiver (DeVito, 2008). Feedback is an element of interpersonal communication that relates to the information which is continually broadcast either immediately or after short delay by the receiver during the course of the interpersonal communication process (Devito, 2008). Feedback can come in the form of: body language such as hand gestures; eye contact such as breaking or initiating gaze; facial expressions such as smiles; silence which may indicate the receiver is disinterested in the interpersonal communication process; and the variation of distance the which may indicate how involved the receiver wants to be with the sender (DeVito, 2008; Firth et al. , 2010). Feedback may be intentional or unintentional just like other forms of information broadcast during the interpersonal communication process (DeVito, 2008; Firth et al. , 2010). By making note of of feedback, the sender can gain and understanding of how the receiver perceives the message (DeVito, 2008). The context associated with communication also affects how messages are encoded and decoded by the sender and receiver in the interpersonal communication process (DeVito, 2008; Firth et al. , 2010). DeVito (2008) makes note of four dimensions communication takes place in: the physical dimension, which is the environment the sender and receiver communicate within and whether or not the environment promotes successful communication; the social-psychological dimension, which deals with the status, class or relationship between sender and receiver and how formal the communication should be; the temporal or time dimension, which deals with whether it is the appropriate time for a sender to convey a message; and the cultural dimension, which refers to beliefs, values, traditions and expectations that exist in the cultures of the sender and receiver whether certain forms of communication are appropriate. The channel or medium through which the information between sender and receiver is relayed has much influence upon successful encoding, decoding and comprehension (DeVito, 2008; Firth et al. , 2010; Hartley, 1999). DeVito (2008) states some channels used in the interpersonal communicat ion process are: verbal; non-verbal; auditory, which relates to sound; olfactory, which relates to smell; and tactile, which relates to touch. Different mediums include: letters; emails; phone calls; mobile phone text messaging; radio; television; the Internet; and print media such as newspapers and magazines (DeVito, 2008; Firth et al. , 2010; Hartley, 1999). Proper use of the communication channels ensures that information travels between sender and receiver in a manner that facilitates accurate encoding and decoding (DeVito, 2008; Firth et al. , 2010; Hartley, 1999). Therefore, it can be concluded that successful use and management of communication channels would further lessen the significant chance of communication failure that is alleged to exist in the interpersonal communication process by the statement being analysed. Failure in the interpersonal communication process can also be attributed to differing types of noise or interference that work against or and act as a barrier to successful communication (DeVito, 2008; Firth et al. , 2010). DeVito (2008) mentions four categories of noise: physical noise, which includes the noise occurring in the environment around the sender and receiver, along with apparel such as sunglasses which would interfere with eye contact; physiological noise, which includes physical disabilities the sender or receiver may have such as poor eyesight, hearing and tiredness; psychological noise, such as preconceived notions and other mental distractions; and semantic noise, which is where the receiver does not understand the language employed by the sender. It has been shown that the interpersonal communication process comprises of various complex elements which either facilitate or hinder successful communication. Successful communication requires information to be properly encoded by a sender, transferred with all attached meaning through a channel to a receiver who must successfully decode and comprehend the information sent to them as intended by the sender. Though there are barriers that obstruct successful communication, the possession of emotional intelligence, communicating effectively and maintaining congruency between non-verbal and verbal messages have been argued to reduce the great likelihood of communication failure, as declared in the statement being discussed. The success of interpersonal communication is decided heavily by the skills possessed by other the sender and receiver. References DeVito, J. A. (2008). The interpersonal communication book (12th ed. ). Boston, MA: Pearson Education. Firth, G. , Berry, R. , Irvine, C. (2010). Understanding intensive interaction: Context and concepts for professionals and families. London, UK: Jessica Kingsley Publishers. Goleman, D. (1998). Working with emotional intelligence. London, UK: Bloomsbury Publishing. Hartley, P. (1999). Interpersonal communication (2nd ed. ). New York, NY: Routledge. Lynn, A. B. (2002). The emotional intelligence activity book: 50 activities for developing eq at work. New York, NY: American Management Assosication. How to cite Communication Failure, Papers

Business Environment of BHP Billiton-Free-Samples for Students

Question: Discuss about the Business Environment of BHP Billiton. Answer: Introduction Modern businesses cannot bear to avoid the environments in which they run their business operations. To analyze this large and changing landscape, companies should keep an eye on external environmental factors which affect the organizational business. There are some major factors which influence the business operations primarily. These factors are such as government and economic factors, consumer behavior, competitor strategy and public opinion. All of these environmental factors affect the growth and success of organizational business. The major objective of this report is to identify these environmental factors and provide solutions to the challenges which these factors pose. In this report, BHP Billion Organization is taken as an example to analyze the impact of external environmental factors. At the end, solutions are provided to deal with the risks and challenges posed by external factors. Organizational Background BHP Billiton is a multi-national corporation that was founded in the year 1885 in isolated mining town of Broken Hill. The company is operating its business in Anglo-Australian mining, metal and petroleum business. It is dual listed public company which is headquartered in Melbourne, Australia (BHP, 2018). It is positioned as the largest mining firm all over the world on the basis of its market capitalization. It has become second largest organization in terms of revenue. (Source: BHP Billiton, 2018) Currently, it has $98.3 billion as their market capital and $33.95 billion as sales (BHP Billiton, 2018). As the largest organization in the industry, BHP Billiton operates in the manufacturing of iron, copper, steel, gas, oil and aluminum. After the year 2014, the growth rate of the company is declining due to some factors. The below-report will examine these factors of BHP Billiton and provide the solutions to overcome them. External Environmental Factors and Companys Response Political and Legal Factors Political factors are one of the major external factors which impact the business and long term profitability of BHP Billiton in a market. In resource industry, BHP Billiton is operating its business being on the top position. Most of the natural resources are owned by the nation and authorized by governments. In Australia, the political environment is in the favor of BHP Billiton as it has a huge support from government. It is the biggest organization in terms of market capitalization thus government supports as it leads to the development of nation as a whole (Dobscha, Mentzer, Littlefield, 2015). Under this factor, one of the major aspects is the trade relationship between Australia and China and China is the major source of BHPs products. In order to response his factor, the organization has made its relationship better with China. It has invested hugely in African region as political instability can cause issues in manufacturing in this area. Additionally, BHP Billiton has chan ged its business operations and regulations according to initiatives and changes implemented by government. Economic Factors The utilization of mineral products is directly linked to the economic growth of the country. As mentioned above, the company is on the top in terms of market capitalization so it has better credit rating from top credit rating agencies. In the year 2018, World Economic Forecast is showing the growth of 3.7% that is a great improvement from previous years (Boasson Wettestad, 2016). It is a good indicator for mining organization such as BHP Billiton. In addition to this, BHP Billiton is experiencing risks from increasing costs of suppliers including shipping, energy and labor costs. To respond these factors, organization has dropped down its prices looking at the increased population and their living standards. The organization has focused on its brand image as a market leader in the natural resource industry that assisted it in dealing with these external factors (Geng, Sarkis Ulgiati, 2016). The decreased prices assisted the organization in resolving the issue of suppliers prices. Environmental Factors BHP Billiton is one of the major manufacturers of energy related products like oil, energy coal, uranium and liquefied natural gas. Energy is a major input in the mining and processing operations. The manufacturing of BHPs products has increased the emission of Carbon dioxide from fossil based energy consumption. It contributes to the greenhouse effects, global warming and changes in climate. The government has announced various regulatory changes to describe the effects of climate change. The petroleum assets of BHP are currently subject to the EU ETS. To address the climate change, the government of Australia has introduced the national emission trading scheme by the year 2010 and a renewable energy target of 20% by 2020 (Bergstrom, Randall, 2016). In some of its locations, emerging climate change regulations are affecting the prices of energy and demand for carbon intensive products. The compliance costs are increasing the operations costs of BHP Billiton that can impact its oper ating margins also. To deal with environmental risk, BHP Billiton is making investment in corporate social responsibilities. It has become aware that its people face the health risks and dangers from occupational exposure to manganese, silica, noise, fluorides and it is making best efforts to minimize these risks (ABC News, 2010). The company has focused on the emission of wastage and ensured that it will not affect the lives of society and environment. Falling Demand in China Under industry specific factors, it is one of the major factors that has affected the growth and success of BHP Billitons business. This factor has posed a significant risk on its business. China has developed as the global customers for oil and other commodities due to its population. It has become a major source of international demand for the production of oil and other commodities. BHP Billiton is a primary trading partner with China for its commodities like copper, iron, aluminum etc. that gives them competitive edge over other organizations in the industry. In current years, China represented 61% of international seaborne iron demand, 39% of copper demand, 40% of nickel demand, 43% of aluminum, 10% of oil demand and 48% of energy coal demands (Wheatley, 2012). This data indicates that BHP Billiton is experiencing danger in China as the demand for commodities has decreased in the country. (Source: Wheatley, 2012) In China, company generated the sales of 21.6$ billion i.e. 29.9% of its total revenues in that year (Guy, 2017). The reason behind this fall is slowdown in the economic growth of China that has resulted in the lower demand and prices for its products. It had an adverse impact on the overall performance of BHP Billiton and it has reduced its revenues. In order to respond the increased demand for oil and other commodities, China is increasingly seeking strategic self-sufficiency in the products. It is making investment in the current businesses and new development in other nations. These investments have negative effect on demand and supply balances and process that hamper the financial position of BHP Billiton. It has a large impact on the decision making process of BHP Billiton Organization (Ho, 2014). One of the best ways to deal with this issue is to develop country relationship with China. Frameworks and tools to resolve the challenges The above section of the report has included different factors which are affecting the growth and success of BHP Billitons business growth. To overcome these risks, BHP Billiton is using different strategies and frameworks. The company needs to analyze its internal factors to deal with the external factors. By focusing on the factors of SWOT analysis, it can use its strengths and opportunities to overcome risks and threats. Use of Strengths to overcome Threats From the above analysis, it can be stated that the major threats to BHP Billiton are environmental, political instability and economic pressure on natural resource sector (Schwaab, Koopman, Lucas, 2017). To overcome these factors, the organization can utilize its capital and resources to implement an advanced and innovative technology solution. This organization has a strong brand position all over the world so it can overcome the political and economic issues by using this strength. To deal with the issue of falling demand in China, the company can generate the revenues from other markets like Brazil. It can develop its trade relationship with India to increase its sales and profits. It will assist the organization to compensate the issues with China (Linnenluecke, Birt Griffiths, 2015). In this way, the company can use its strengths to overcome risks and challenges. Use of Opportunities to overcome weaknesses One of the major weaknesses of BHP Billiton is its dependence on china for the demand of oil and commodities. Fall in Chinas demand can lead the organization to down turn in its business. The company has the opportunities to strengthen its relationship with other countries like India and Brazil. It will assist the organization to overcome the issues falling demand in China (Smith, and Offodile, 2014). It needs to develop its presence in other geographical regions all over the world. Industry Specific Decision-Making Factors Diversified Revenue Streams This is one of the significant factors which can contribute to the external factors of BHP Billiton Organization. The revenue stream of BHP Billiton is diversified in terms of business geographies and lines. The organization generates the revenues and profits via nine segments. The company has its business operations in different segments and commodities like iron, coal, base metals, aluminum, manganese, stainless steel, petroleum etc. To deal with the political and economic factors, these factors can assist the organization (Mehrotra, Gopalan, 2012). If any country has economic slowdown then BHP can generate revenues from other areas. If one product generates lower revenues then it can generate from other commodities. In this way, company can make decision in the interest of organization. The diversified business provides the organization competitive edge over its major competitors by separating the firm against negative market conditions in metal industry. Moreover, its global pre sence decreases the exposure to political stability or economic conditions in single region (Msmith, 2016). Centralized Marketing Activities The customer-centric operations of BHP Billitons marketing are centralized in Singapore, Antwerp and The Hague. The Singapore office of the company emphasizes on Asian base metals, energy market and stainless steel and carbon raw materials. The Hague office emphasizes on petroleum, aluminum, freight and energy marketing whereas Antwerp provides diamonds on international level. These marketing offices include all the functions including product distribution and marketing from manufacturing point to final client delivery. The company has made the decision of centralized marketing activities to deal with the impact of external factors of environment (Hoyle Rhiannon, 2017). The centralized marketing operations enhance the efficiency of its marketing processes with every office managing end to end marketing activities. It enhances the product offering of the company that in turn increases the revenues of company. To deal with the Chinas factor, the company should practice effective risk management that will assist the organization in attaining more competitive advantage. Reduction in the operational emissions This is one of the major industry specific factors that can contribute BHP Billiton to deal with the adverse impact of environmental factors. In the reduction of GHG emission, the first step is to establish the benchmarks on which the company can measure the performance. After joining the Paris Climate Convention in 2015, BHP Billiton is engaged in making a public commitment to constrain the absolute GHG emission in 2017. With internal and external visibility on the emission target, the organization establishes about decreasing the emission through productivity program. This program of company includes all the aspects ranging from enhancing focus on preventive maintenance practices to decreasing the truck idle time. In addition to this, the company is looking for the opportunities to make investment in the advancements in low emission mining technology. For example, it is using bio-fuels as an option for diesel. In this way, company has made this decision considering the environmenta l factors. Conclusion In the limelight of above discussion, it can be concluded that BHP Billiton is one of the largest mining organizations in terms of market capitalization and revenue generation. 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