Essay External Influences on Two Chosen Businesses

Essay External Influences on Two Chosen Businesses

Length: 845 words (2.4 double-spaced pages)

Rating: Good Essays

Open Document

Essay Preview

External Influences on Two Chosen Businesses


Ikea

External influences are factors outside of the business that affect
the business, and it has no control over them.

Competition

Ikea have got many competitors nearby but this does not have a major
affect on them as they are constantly competing on prices, quality,
availability and their product range. They have got many different
competitors selling the same types of products as them; their main
competitors are B&Q, Homebase, Argos, DFS, and Toys R US. These
businesses are in similar markets and have a similar kind of product
range as Ikea.

With Argos Ikea mainly compete on furniture and DIY goods, which are
quite similar to Ikea's products. DFS are also competitors of Ikea;
with DFS Ikea compete on different types of furniture ranges. Toys R
US are competitors of Ikea as well, Ikea compete with Toys R Us on
ranges of children's toys. Ikea compete with B&Q on furniture and DIY
products. With Argos Ikea compete with most of the items that they
sell. With Homebase Ikea mainly compete on their ranges of DIY goods.
Ikea's biggest selling point is their great value for money deals as
well as their quality products.

Economic Conditions

Economic conditions look at the factors, which may affect people's
spending power and the amount of money which people have available to
spend.

The number of people unemployed in the UK is very low. This affects
Ikea because if the rate of people unemployed is very low it means
that Ikea may find it difficult to find workers for their stores. As
well as gaining extra customers as people will have less money
available to spend...


... middle of paper ...


...le and deliver products of a really high standard. There is
also more demand for their products so they have to work hard to
ensure that their products are up to the standard of what is required
from them.

Environmental Constraints

Lansing Linde tries to make sure that they are following the rules
while they are carrying out work and handling their forklift trucks,
they also try to make sure that any unused parts are recycled and used
in newer products. They must also be careful with the fuel that they
use to power the trucks so that their trucks aren't causing major
pollution when they are being operated. They must also ensure that the
machinery is safe for their customers so that accidents and injuries
can be avoided. Linde must also be very thorough and carry out many
tests before they market their products.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

How External Factors Are Negatively Impacting Businesses Essay

- Research paper topic: How External Factors Are Negatively Impacting Businesses Argumentative paragraph one Economic recessions are a decline in the economy, that contrarily impact on all businesses, especially the small ones. They affect firms by causing: a loss of income, Sales to decrease, Bankruptcy rates and loan fees to rise. As a result, recessions can be catastrophic; Kavoussi (2012) stated that ‘More than 170,000 small businesses in the U.S....   [tags: Unemployment, Recession, Monetary policy]

Good Essays
867 words (2.5 pages)

External Influences Affect All Firms Essay example

- External Influences Affect All Firms Many businesses are quite capable of organising themselves internally, however this does not guarantee complete business success. Businesses have many outside pressures to face, which can become quite complicated to manage. These are called external influences. There are many factors that can affect a business, of which the market is just one. Businesses are tremendously influenced by the markets in which they trade. The size of a business does this: whether it is local, national or even international will affect the nature of the product that they supply and also the quantity....   [tags: Papers]

Good Essays
1055 words (3 pages)

Marketing Strategies for Businesses Essay

- Marketing Strategies for Businesses Introduction: Samuel Whitbread established Whitbread plc in 1742, originally as a beer producing company. Since then, Whitbread has moved from strength to strength incorporating wider varieties of businesses under its wing with each growth. Today, Whitbread owns and operates some of the most popular business in restaurants, hotels and leisure and health. Beefeater Vision 'To make Beefeater the first choice as a great place to eat and drink.' The Lydiard Travel Inn, Beefeater restaurant, Pub and Touchbase is situated just off junction 16 of the M4, beside the Hilton International....   [tags: Business Marketing Essays management]

Good Essays
7546 words (21.6 pages)

Swot Analysis : Company 's Internal And External Environment Essay

- For years there has been a need for services and productions. Service has taken many names, styles, and forms. Production has also equipped itself with vast improvements. Manufacturers have produced goods to service the retailing life cycle for years. Ben Huang, owner of Leisure World, Inc. is struggling with a business that supplies goods and services to his customers. Leisure World is operating well; however, it 's not seeing a profitable increase. Now the company has been presented with an opportunity that could possibly add to their product line, increase return on investment, and create a more profitable business model....   [tags: Marketing, Customer service, Sales]

Good Essays
1748 words (5 pages)

Exploring How Nike Influences the Environments in Which It Operates Essays

- Exploring How Nike Influences the Environments in Which It Operates Introduction: The main objective of this essay is to answer the question "to what extent does Nike influence the shape of the environments in which it operates?" To reach this objective, I will first talk a little bit about the components of this question, which are "Nike" and "Environments". There is a tiny difference between a global and multinational company, but in general they are companies which operate in a number of countries and have production or service outside the country of origin....   [tags: Papers]

Good Essays
1914 words (5.5 pages)

Essay about External Pressure as Catalyst for the Greatness of the Song Dynasty

- The Song dynasty was the beginning of modern China. This era was marked by a flourishing economy, a deep distinctively Chinese culture, and technological revolutions. From the beginning to the end the Song dynasty was under a constant threat from northern tribes that coveted the wealth of the Song. The powerful states that surrounded the Song dynasty crushed all hopes for expansion. The Song was forced to focus on developing their own country instead of conquering others. Without the opportunity to expand and a military threat on the borders the Song were forced to either flourish or perish....   [tags: Chinese History, Chinese Culture]

Good Essays
1066 words (3 pages)

The Components Of Macroeconomics And The Two External Influences Affecting Industry

- Social and technological forces are the final two components of macroeconomics and the two external influences affecting industry (Parnell, 2014). Thus, social forces include: societal values, trends, traditions, religious practices, and concern for the environment (Bethel, 2016). Whereas, technological forces primary factor is the internet, but focuses on scientific improvements and innovations too (Bethel, 2016). While all four forces affect industry, the social and technological factors seem to hold the greatest influence on products and services offered by organizations....   [tags: Online shopping, Electronic commerce, Amazon.com]

Good Essays
799 words (2.3 pages)

Internal And External Influences On A Business Essay

- A business can either take a step forward or a step back depending on the external and internal influences and how they handle them, they can either flourish or enter stages of degradation and cessation. External and internal influences on a businesses plays a part in the opportunities that arise in the industry the business operates in, otherwise the business may choose to venture out of it’s defined industry depending on the opportunities at hand. Businesses are affected by internal and external influences to a degree where they are either benefiting or suffering from the way they handle opportunities that arise....   [tags: Stock, Stock market, Marketing, Consumer]

Good Essays
889 words (2.5 pages)

External Influences Of Healthcare Administration Essay example

- 1. Module two deals with external influences in healthcare administration and the conflicts that may cause lack of growth in the organization. External influences can range from society, stakeholders, staff, and patients. Health administrators should be in agreement with staff and physicians to maintain proper ethics and safety for everyone. Society has a big influence of healthcare organizations with spending their money towards health insurance, medication, treatment services and exams. As long the healthcare organization has a well reputation built on trust, then consumers will spend on that healthcare organization....   [tags: Health care, Hospital, Patient, Health economics]

Good Essays
731 words (2.1 pages)

External influences Economy Interest rates Most businesses will need Essay example

- External influences Economy Interest rates Most businesses will need to borrow money. The interest rate will affect how much it costs. External influences Economy Interest rates Most businesses will need to borrow money. The interest rate will affect how much it costs a business to borrow money. If the interest rate is high the money a business owes is more than before. A 20% interest rate rise would affect Cadbury’s; they would have to pay extra money towards the loan. This too would affect Sainsbury's in the same way....   [tags: Business and Management Studies:]

Good Essays
663 words (1.9 pages)