The environmental factors which affect procter and gamble

For this assignment, you will be completing an environmental scan and economic analysis on your selected department, group, division, function, or organization for which you will create a strategic planincluding the remote, industry, and operating environments. Your environmental scan should describe the situation completely and accurately. You should identify any major changes that you expect to affect your remote, industry, or operating environments in the next years. This will include the following sub components:

The environmental factors which affect procter and gamble

How to Write a Summary of an Article? Any business operating internationally is impacted by these environmental factors which affect how the company will market its product. In this day and age, globalization has allowed companies to operate internationally.

Globalization brings people, culture, and information together. Globalization came about as countries saw that other countries could produce products better and cheaper than another country could comparative advantageso countries began producing what they had an advantage in and selling it to other countries.

This trading of products became an accepted practice and eventually spurred economic growth. This means understanding the people and their different cultures. Every country has a different culture.

Culture tells a story about where people come from, who they are, and what is socially acceptable. Culture affects the way people perceive the world around them, and this means it will affect the way products should be marketed. A significant part of our culture is our background, characteristics, and demographics.

A countries physical infrastructure helps marketers determine how products will go from the manufacturer, to retailers, to the customer. Over the past decade trade has become global; trade negotiations have expanded to include more countries and are now regulated by international agreements and the World Trade Organization Boundless, Trade has created a global economic interdependency.

Global economic interdependence illustrates the ideal that no country is completely self-sufficient. This means that decisions made in one country will directly affect what happens in another country making countries more susceptible to economic problems.

Costs of Operating Globally: Foreign Corrupt Practices Act of Any company with international operations is susceptible to a number of risks.

Related BrainMass Content

These risks include complying with U. The Foreign Corruption Act was developed to eliminate the potential of bribery to foreign officials, thwart money laundering, and reduce corruption and restore confidence in the business system. When operating internationally, companies must abide by several laws and legislation on the local, national, and international level.

This is because the company conducts business with other nations and this means abiding by the laws, rules and customs which govern the business transaction between the two nations.

Furthermore, companies must also take into account that political systems directly influence international relations between nations.

This is because each country has it own laws and acceptable business practices. As well as its own political system that determines what a company can do when trying to conduct business in that country.

Technology Technology changes the way companies operate and conduct business. Technology allows companies with international operations to achieve success by allowing them to be innovative. Technology helps companies improve its equipment and manufacturing processes and anticipating consumer acceptance.

On a global perspective, technology allows companies to go outside the traditional confines of selling a product and enables them to sell their products virtually anywhere. Technology has influenced every aspect of business from increasing efficiency to providing access to information and changing how companies communicate with their customers.

To be profitable companies must understand that there is more to staying in business than earning a hefty amount of money. Companies must also consider the social implications of their operations. This is especially important for companies operating in the global market because a damaging reputation can impact its sales domestically and internationally.

Any company looking to stay in business must abide by the laws and legislation of the company in which it is operating. In business, social responsibility and ethics go hand in hand. A company that seeks to have a positive impact on society is usually a company that seeks to operate responsibly and in doing so the company upholds the highest moral and ethical standards.

Ethics help ensure that companies use good business practices in its operations and help companies fulfill its social responsibility to help improve the lives of its people.

Conclusion International companies understand that success is not just creating an appealing marketing campaign. To be successful companies have to plan extensively and have a good understanding of the global market.

To market a product internationally companies must examine and plan for the environmental factors that influence how effective their global marketing efforts are.

In doing so, the company will effectively reach its new market of customers and create a unique position in the minds of its customer which creates brand loyalty, generates sales, and increase profit potential.CINCINNATI--(BUSINESS WIRE)--Procter & Gamble (NYSE:PG) made solid, reliable progress in fiscal year despite significant business and economic challenges, Chairman, President and Chief Executive Officer, Bob McDonald, told the Company’s shareholders at its annual meeting today.

The environmental factors which affect procter and gamble

The Environmental Factors Which Affect Procter And Gamble. Environmental Factors that affect Global and Domestic Marketing Decisions: Every company global or domestic has external factors that exist that eventually have an effect on the company’s operations. Some of these external factors can be controlled but a larger portion is uncontrollable and yet they can be managed and or influenced.

Environmental Analysis on Procter and Gamble. Add Remove. You should identify any major changes that you expect to affect your remote, industry, or operating environments in the next years.

Barron’s Most Sustainable Companies - Barron's

formulation of a company. In addition to this, environmental . Procter & Gamble (P&G) is a leading manufacturer of personal and home care products. P&G is an international company that operates in 40 different countries. This paper will examine the environmental factors that affect how effective P&G’s global marketing efforts are.

Political Factors Affecting Procter & Gamble’s Business

The International Olympic Committee (IOC; French: Comité International Olympique, CIO) is a Swiss private non-governmental organisation based in Lausanne, caninariojana.comd by Pierre de Coubertin and Demetrios Vikelas in , it is the authority responsible for organising the modern Olympic Games..

The IOC is the . Procter & Gamble’s Bold detergent products in a Japanese store. A PESTEL/PESTLE analysis of the Procter & Gamble Company shows potential business growth, based on external factors in the remote or macro-environment of the consumer goods industry.

Procter and Gamble | Free Essays -