Organizational Challenges in the 21st Century

Introduction In light with the developments of the 21st century, the business world has been in the heart of the revolutions. The key concepts of technology, liberalizations of markets and globalization have really transformed the world. As a result of these transformations, increased activity in the commercial and industrial sectors has been witnessed.Advertising We will write a custom essay sample on Organizational Challenges in the 21st Century specifically for you for only $16.05 $11/page Learn More The world is presently operating as one village, whereby people are able to communicate efficiently and conveniently with one another. This has been facilitated by the growth of computer and internet technology. The growth of air transport has also been of significant influence to the enhancement of transport. With these developments, communication and transport have been heightened thus enhancing global relations in terms of business and other activities . Nevertheless, the growth of globalization has not come singly, whereby it has been associated with various limitations. In this case, the issue of global recession is a factor of globalization, whereby nations directly depend on one another for business. This is unlike years, whereby nations operated independently. With regards to the emergence of global recession, which refers to global economic slowdown, business organizations are obligated to undertake the most competitive leadership strategies so as to counter the situation. This is in response to the lost business and the diminishing market potentiality. As noted by Northouse (2007: 101), business organizations have been significantly impacted by the issue of global recession. This refers to a period of global economic slowdown or down turn, whereby nations experience limited economic growth rates of 3% of less. Combination of this situation with the overwhelming competition in the international markets, business organization s find it hard to survive. The situation can only be countered by adoption of the most efficient leadership styles. A good example is Nokia which has in the recent faced it rough in the technology and mobile phone industry. The challenges facing the company are based on the issue of global recession and growth of competition in the industry it is operating in (Isaksen and Tidd 2006: 102). In reaction to the situation, the company is forced to adopt the most competitive and leadership techniques so as to overcome the challenges.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More A study by Kotter (1996: 68) indicated that good leadership is the only solution to the challenges faced by business in the height of global recession among other challenges like increased competition. In this case, transformational leadership has been highlighted as the most appropriate leadership approach for organiza tions in recent days. Transformational leadership has been defined as a form of leadership style whereby leaders and their followers align themselves to higher moral and motivational levels (Fisher and Ury 1992: 29). This is attained through impacting visions and personality among all individuals in the organizations. With regards to this leadership style, leaders have the obligation of inspiring their followers to change their perceptions and expectations. With the challenges of global recession, this leadership style stands to be very efficient in the sense that it will bring every individual in the organization into focus and adjust to the prevailing situation. A point worth of consideration is that this leadership style demands leaders to motivate employees towards attaining a common goal (Weinstein et al 2004: 71). By so doing, the challenges facing the business will be countered. Cherry (2011: 1) indicated that transformational leadership style is guided by various components which makes it efficient in countering business challenges. Firstly, the concept of intellectual stimulation is highly embraced in this leadership approach. In this case, the leaders do not only challenge the status quo, but also instill creativity among the employees. Hacker and Roberts (2003: 45) depicted that leaders should encourage followers to be innovative and do things in new ways thus exploiting available opportunities. In the case of Nokia the company has in the recent been in its endeavors to intellectually stimulate its employees. This is an efficient approach in countering the economic slowdown, whereby new strategies of doing business as well as products will be attained. The concept of individualized consideration is also addressed in this leadership style. In this case, leaders should offer encouragement and support to all individuals within the organizations. A point worth of consideration is that leaders should foster supportive relationships through open communica tion, where followers are free to share and seek ideas (Bass and Riggio 2006: 78). By undertaking these approaches, organizations will be able to acquire unique ideas and contributions from their followers. Chase et al (2001: 49) depicted that leaders in the contemporary society should offer inspirational motivation to their employees. This is acquired through the provision of a clear vision which will help in guiding the followers. By inspiring the followers, leaders will help their followers to experience same motivation and passion which will help in realizing the common goal. Another core component of transformational leadership is the issue of idealized influence.Advertising We will write a custom essay sample on Organizational Challenges in the 21st Century specifically for you for only $16.05 $11/page Learn More Yukl (2001: 93) argued that leaders should be a role model to their followers. This concept can not be exempted from leadership in the c ontemporary society based the numerous challenges faced by businesses. Schein (1992: 62) noted that followers respect and trust their leaders and they will simply emulate them. With this in mind, business organizations will be able to overcome the challenges they are facing in the height of global recession. Global recession is leading to loss of business hence calling for the adoption of best leadership strategies. Alongside the adoption of transformational leadership style, the concept of total quality management (TQM) can not be exempted from organizational management in recent days. As noted by Hakes (2001: 22) the issue of quality and product leadership has been identified as key aspects of success. With this in mind, business organizations are obligated to ensure that their products and services are of the best quality in the market. Every business organization should keep a watch of the products and services of its competitors (Wilson 2005: 102). The concept of TQM basically refers to an approach of management which entails on managing entire organization so as to produce quality goods and services. In the case of mobile phone industry, quality of the products has been of great importance. In this case, each company is seeking to improve its services and products. In the midst of global recession, Nokia is obligated to ensure optimum quality of its products (Bass and Riggio 2006: 78). Based on this scenario, the adoption of TQM is inevitable for the success of Nokia during this period of economic slow down. Pekar (2005: 42) outlined that employee involvement in the running of an organizations in recent days is inevitable. Employee involvement is a key element of TQM, whereby they are able to prevent problems before they occur. Organizations are also obligated to focus on their customers so as to determine the actual wants and needs of the customers. This will help an organization to offer quality products and services which meet the needs of customers. In the case of Nokia, the need for Smartphone has been an overwhelming market trend in recent days. In order for the company to realize its dreams and counter the market challenges it has no obligation of adopting the market demands. This is part of TQM, whereby the company’s operations and product specifications are dictated by the market demands (Pekar 2005: 42).Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The concept of benchmarking is also a key leadership and business management approach that can not be down looked. As observed by Hakes (2001: 22) benchmarking is an element of TQM in which an organization seeks out other organizations it is operating with. An organization uses the products and services of other companies as its benchmark or standard, thus being able to judge its performance. It is also worth noting that organizations are also required to adapt as well as improve processes adopted by other organizations. This will help an organization to attain the high quality and efficient products, thus being able to win the market. Presently, TQM has proved to be an efficient leadership and management approach which has helped many businesses to endure market excellence (Hakes 2001: 22). Conclusion In consideration with the discussion and analysis of the business environment in the 21st century, it has been clearly evident that business organizations are faced with numerous chal lenges. The issues of global recession and increased competition in the corporate world have been overwhelming in recent days. In response to these challenges, business organizations are obligated to adopt the most efficient leadership styles. In this case, the concepts f transformational leadership and TQM have been highlighted as the most suitable for business organizations in recent days. This will help business organization to be efficient and steadfast in offering the best products and services. For instance, the case of Nokia has been overwhelming, whereby it is facing numerous challenges following the issue of global recession and competition in the mobile industry. In response to this scenarios, the company is obligated to adopting the above highlighted leadership approaches. Reference List Bass, B. and Riggio, R. (2006). Transformational Leadership. New York: Routldge, 78-102. Chase, R. et al. (2001). Operations Management for Competitive Advantage. New York: McGraw Hill Pr ess, 49-81. Cherry, K. (2011). Transformational Leadership. Retrieved from: https://www.verywellmind.com/what-is-transformational-leadership-2795313 Fisher, R. and Ury, W. (1992). Getting to Yes: Classic text on negotiation. New York McGraw Hill, 29-51. Hacker, S. and Roberts, T. (2003). Transformational Leadership: Creating Organizations of Meaning. London: Routldge, 45-63. Hakes, C. (2001), Total Quality Management: The Key to Business Improvement. London: Routldge, 22-36. Isaksen, S. and Tidd, J. (2006). Meeting the Innovation Challenge: Leadership for Transformation and Growth. London: Wiley Sons, 102-132. Kotter, J,.P (1996). Leading Change. New York: Harvard Business School Press, 68-97 Northouse, P. (2007). Leadership: Theory and Practice. London: Sage Publications, 101-151. Pekar, J. (2005). Total Quality Management: Guiding Principles for Application. New York: Wiley Sons Press, 42-53. Schein, E. (1992). Organizational culture and leadership: Core leadership text. New Yor k: McGraw Hill, 62-80. Weinstein, S. et al. (2004) Transformational Leadership: Vision, Persuasion, and Team Building for the Development Professional. New York: Wiley Sons Press, 71-86. Wilson, J. (2005) An Historical Perspective on Operations Management, Production and Inventory Management. London: Wiley Sons Press, 102- 137. Yukl, G, A. (2001). Leadership in Organizations. New York: Wiley Sons Press, 93-103. This essay on Organizational Challenges in the 21st Century was written and submitted by user Fernanda R. to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Beloved and Numerology essays

Beloved and Numerology essays In literature, numbers are used to communicate important messages to the reader. The author uses references to numbers to strengthen the important ideas of the novel. In many cultures numbers carry an important or significant meaning to them. These numbers can carry a meaning more efficiently than using only words. In Beloved, Toni Morrison uses references to numbers to emphasize the significant ideas of the novel. Morrison uses these numbers to represent the persistence of slavery brought upon in Sethes life, her childrens life, Paul D.s life, and Baby Suggs life, after slavery has ended. These references to numbers are important because they show how these characters are affected after it has ended. Through physical means, through the actions of these characters, and through psychological means of these characters, Morrison shows the haunting continuation and aftereffects of slavery. In many novels the first sentence is the most important sentence in the novel. The first sentence can set the way for the remainder of the novel. In Beloved the first sentence, and first word of the entire novel uses numbers. Because numbers are used first, before any words, I find that the references to numbers are very important. 124 is in the first sentence on the first page. The sentence states, 124 WAS SPITEFUL (Morrison 3). This sentence is in all capital letters and also bold print. This shows an importance that this reference to numbers has on the novel. This number used on the page sets up the haunting story of slavery in one particular black household. The number refers to the house number in which the main characters live in. This house, 124, is haunted by the ghost of the baby of the main character, Sethe, who is learned to be named Beloved. 124 is barely referred to as there home, instead just simply referred to as 124. This number 124 plays a bigger meaning in the novel than simpl...

Hares and Pikas - Lagomorpha - The Animal Encyclopedia

Hares and Pikas - Lagomorpha - The Animal Encyclopedia Hares, pikas and rabbits (Lagomorpha) are small terrestrial mammals that include cottontails, jackrabbits, pikas, hares and rabbits. The group is also commonly referred to as lagomorphs. There are about 80 species of lagomorphs divided into two subgroups, the pikas and the hares and rabbits. Lagomorphs are not as diverse as many other mammal groups, but they are widespread. They inhabit every continent except Antarctica and are absent from only a few places around the globe such as parts of South America, Greenland, Indonesia and Madagascar. Although not native to Australia, lagomorphs have been introduced there by humans and have since successfully colonized many parts of the continent. Lagomorphs generally have a short tail, large ears, wide-set eyes and narrow, slit-like nostrils that they can scrunch tightly closed. The two subgroups of lagomorphs differ considerably in their general appearance. Hares and rabbits are larger and have long hind legs, a short bushy tail and long ears. Pikas, on the other hand, in contrast, are smaller than hares and rabbits and more rotund. They have round bodies, short legs and a tiny, barely-visible tail. Their ears are prominent but are rounded and not as conspicuous as those of hares and rabbits. Lagomorphs often form the foundation of many predator-prey relationships in the ecosystems they inhabit. As important prey animals, lagomorphs are hunted by animals such as carnivores, owls and birds of prey. Many of their physical characteristics and specializations have evolved as a means of helping them escape predation. For example, their large ears enable them to hear approaching danger better; the position of their eyes enables them to have a near 360-degree range of vision; their long legs enable them to run quickly and out-maneuver predators. Lagomorphs are herbivores. They feed on grass, fruits, seeds, bark, roots, herbs and other plant material. Since the plants they eat are difficult to digest, they expel a wet fecal matter and eat it to ensure that the material passes through their digestive system twice. This enables them to extract as much nutrition as possible from their food. Lagomorphs inhabit most terrestrial habitats including semi-deserts, grasslands, woodlands, tropical forests and arctic tundra. Their distribution is worldwide with the exception of Antarctica, southern South America, most islands, Australia, Madagascar, and the West Indies. Lagomorphs have been introduced by humans to many ranges in which they were not formerly found and often such introductions have lead to widespread colonization. Evolution The earliest representative of the lagomorphs is thought to be Hsiuannania, a ground dwelling herbivore that lived during the Paleocene in China. Hsiuannania is know from just a few fragments of teeth and jaw bones. Despite the scant fossil record for early lagomorphs, what evidence there is indicates that the lagomorph clade originated somewhere in Asia. The earliest ancestor of rabbits and hares lived 55 million years ago in Mongolia. Pikas emerged about 50 million years ago during the Eocene. Pika evolution is difficult to resolve, as only seven species of pikas are represented in the fossil record. Classification The classification of lagomorphs is highly controversial. At one time, lagomorphs were considered to be rodents due to striking physical similarities between the two groups. But more recent molecular evidence has supported the notion that lagomorphs are no more related to rodents than they are to other mammal groups. For this reason they are now ranked as an entirely separate group of mammals. Lagomorphs are classified within the following taxonomic hierarchy: Animals Chordates Vertebrates Tetrapods Amniotes Mammals Lagomorphs Lagomorphs are divided into the following taxonomic groups: Pikas (Ochotonidae) - There are about 30 species of pikas alive today. Members of this group include silver pikas, collard pikas, steppe pikas, Chinese red pikas, Himalayan pikas, and many other species. Pikas are notable for their short, rounded ears, lack of a tail, and round body. Hares and rabbits (Leporidae) -Â  There are about 50 species of hares and rabbits alive today. Members of this group include eastern cottontails, robust cottontails, European rabbits, antelope jackrabbits, snowshoe hares, Arctic hares, volcano rabbits, desert hares, Abyssinian hares, and many others.

William Penn and the charter of privlidges Research Paper

William Penn and the charter of privlidges - Research Paper Example The move toward democracy which is found in this document and in its own antecedent frameworks -- including the important initial document known as the First Frame, which had been drawn up by Penn while he was still in England and preparing to move his group of colonists under the royal charter -- came to be a critical influence in the building of a political foundation eventually leading to the establishment of the new nation. In this brief paper, the development of the Charter of Privileges and its outlines for self-government will be reviewed in order to discuss in detail the influence that the document held for later events in the founding of the nation. A chronological approach will be taken to studying the Charter, with comments on the political and social contexts of the document and the times. First, it will be shown how the document known as First Frame led to the Charter of Privileges and following this, a discussion of the content of the Charter itself will be offered to s how how it led to the concept of democratic self-government. Penn was a member of the religious group known as the Quakers. This group held to a series of strong religious and ideological beliefs that often brought them into conflict with the political and religious authorities in England. They were convinced that their forms of religious worship, which revolved around a pacifist, silent meditation on the nature of God and man, were correct, and they were unwilling to bend to the dictates of either the English government or the their more aggressively zealous religious rivals, the Puritans. Because of the societal and religious strife that occurred in England during the civil wars of the mid-1600s, they eventually came to be persecuted for their beliefs, often being harassed to the point of being locked up (Powell, n.d.). Penn’s father had made a sizeable loan to the king before his death, and in an attempt to find a way to move his people out of England, to somewhere that th ey could practice their religion freely and openly, Penn called in the loan. He was granted a charter to establish the Pennsylvania colony and given the proprietary rule of the colony to govern as he saw fit, provided that the laws he established fell under the general legal purview of the English constitutional monarchy (Powell, n.d.). In line with both his religious convictions and his own beliefs regarding the need for self-government Penn decided that he would establish a government that moved much further toward democracy than anything that was evident in England at the time. He drew up the First Frame as a governing document to accomplish his objectives. The First Frame begins with a description of why law is needed among men. It argues that God established men as his deputies to rule the word and gave them the skills and intelligence that they needed in order to rule justly. However, it points out that a lust for power and other â€Å"transgressions† had led men to be disobedient to God’s law and therefore a need was evident for judicial administration. Such administration required the need for rules that would govern men, as well as a governor to administer the rules (Penn, 1682). But the question then arose: How should one design the government? Should rule by monarchy, aristocracy, or democracy be preferred? Penn answered with the following: I choose to solve the controversy with this small distinction, and it belongs to all three: Any government is free to the people under it (whatever be the frame) where the laws rule, and the people are a party to those laws, and more than this is tyranny, oligarchy, or

The Sacred Realm of Art Essay Example | Topics and Well Written Essays - 250 words

The Sacred Realm of Art - Essay Example The essay provided distinct art forms exemplified by four religions, to wit: the jade statue of the ancient Olmecs, revealed to have existed some 1500 to 300 b.c.; the masks of the indigenous Bwa from West Africa; the painting of images of the Tathagata Buddha from Central Tibet; and the painting of the image of the Virgin Mary, as Madonna Enthroned from Italy. There were marked differences but also intriguing similarities depicting prominent figures, profound meanings, portrayal of messages through expressions, positions of body parts and symbolisms. The jade figure of the ancient Olmecs, for instance, revealed contrasting expressions of two images manifesting the significant role of a shaman, an intermediary between two worlds. The masks of the Bwa people, on the other hand, likewise serve as a spiritual manifestation of presence that provides guidance and assistance to humans through various traditions and practices. The comparative discourse provided by the paintings of the image s of the Tathagata Buddha and the Madonna Enthoned showed remarkable similarities despite the diversity in religious beliefs. Depicting the central image as the signifying the most reverent role in the respective religions (Buddhist and Christian), the juxtaposition of body parts (hand, face, and other images) give meaning to the viewers.

Pride of the Anthropocentric World vs. the Theocentric World

Pride of the Anthropocentric World vs. the Theocentric World Verna Drieas Throughout The Iliad and the Tanakh, pride becomes an apparent theme, which frames characters and their worldview of humanity as a whole. Within the Tanakh, the Jews look down upon pride or admiring oneself, because they associate all their gain   to God. Yet, pride for the Greeks was about more than just one thinking highly of themselves, it was about being respected and honored by men now and those to come. The reason for this being that the Greeks live in an anthropocentric world, whereas the Jews live in a theocentric world. Living in an anthropocentric world means that the human is the main focus, so the Greeks felt that their Gods held no glory which they had to humble themselves before. Leading the Greeks to act as Gods themselves, therefore taking the glory away from the Gods of Olympus. For the Jews, God is the central element of their lives, so they associate [1]their prosperity to the glory of God, who they believe allowed them to have such blessings. Consequently, the Jews push aside their pride to acknowledge that they are nothing without God and ensure that God remains with them. Coming from different worldviews, causes the Greeks to put their pride above all others because humanity to them is greater than any divine, whereas the Jews associate[2] pride with sin, because they believe that all their gifts come from God so it is wrong to take credit for such blessings.[3][4] When David returned from war with the Philistines, the people chanted his name and praised him for his bravery. Saul, hearing this, became angry and sought out to kill David as he saw that David was a favorite among the people and feared that he would go after his crown. Fortunately, Sauls son, Jonathan, told David of his fathers plan, so David escaped from Saul and fled from one place to another to hide from the wrath of Saul. As David was hiding in the cave of En-gedi, Saul came in to relieve himself, so David went and cut off a piece of his cloak. David then felt guilty for doing so to Saul, The Lord forbid I should do such a thing to my lord- the Lords anointed- that I should raise my hand against him; for he is the Lords anointed (I Samuel 24. 7). Rather than killing Saul, he spares him because he is the Messiah, he was chosen by God. David feels as if he can not bring harm to Saul because then he would upset the Lord. Even though Saul insults David and continuously threatens h is life, David puts his pride aside and does not kill Saul for the sake of God. In contrast when Achilles was asked to put aside his pride for the sake of his comrades he was not willing to do so, for Agamemnon stole his war prize, Briseis and claimed her as his own. This was an attack towards Achilles as Agamemnon not only took away his trophy but his timà ª,   also known as honor. This humiliated Achilles, as Agamemnon continued to insult him and discredit his war efforts, Achilles then questioned Should he draw the long sharp sword slung at his hip, thrust through the ranks and kill Agamemnon now? (The Iliad I. 224-225). If Athena had not come down from Olympus to calm the fury in the heart of Achilles, he would have killed Agamemnon. To Achilles, his pride was far greater than the life of Agamemnon, as he was willing to kill him regardless of his position. Although both David and Achilles were faced with an inner-conflict of whether or not they should kill their king, they deal with it in different ways. David puts aside his pride and stops himself from committing such a violent act, and even feels remorse for simply cutting off a piece of Sauls cloak, because he is Gods chosen one. He fears God and is not willing to put his pride ahead, because he comes from a world where mans focal point in life is pleasing God. On the other hand, Achilles wants to kill Agamemnon for dishonoring him, he doesnt try to stop himself, rather it is Athena who stops him. Achilles does not care about Agamemnon nor does he fear him, as he would rather Agamemnon be dead than his pride be aggrieved. Being that they come from different worlds, Achilles and David handle the situation differently. David fears God because his whole world focuses on God and pleasing the Lord. Whereas Achilles does not need to fear the Gods, since they hold no true holiness, and in his world, human beings hold the greatest significance, so Achilles cares more about what man will say about him and his honor, rather than what the Gods will say or do to him. So the different worldviews affect the way in which characters value their pride. After Nathan had come to talk to David about Gods wishes, of building him a temple and relayed the Lords covenant to David, David said to God, What am I, O Lord God, and what is my family, that you have brought me thus far?You are great indeed, O Lord God! There is none like you and there is no other God but you (II Samuel 7. 18, 22). David reflects on all that he has gained over the time and he realizes that he has prospered immensely. Yet, he does not boast, rather he takes the time to thank God for all that he has given him and even vows to build the Lord a place for public worship. He does not become prideful and blame all his success on himself, instead he acknowledges that he is nothing without the Lord who blessed him with such riches. When it comes to the Greeks, they however are not the same. As Patroclus goes to war, in the place of Achilles, he kills one man after the other, with Zeus watching over him. Until Hector faces him and stabs him in the guts and mocks him, but Patroclus answers right back saying, Even if twenty Hectors had charged against me-theyd all have died here, laid low by my spear. No deathly fate in league with Apollo killed me (The Iliad XVI. 991-993). Patroclus shows no thanks to the Gods, rather he takes pride in all his success thus far in the war. He says that he could have taken any man, as he was able to face Gods who could not kill him. Patroclus boasts in himself, because he sees himself as a man who is greater than even the Gods and could defeat even twenty Hectors. Though both characters are blessed with gifts and talents, David connects his success to   the glory of the Lord, whereas Patroclus claims that all his talents and his ability to kill so many men was his doing alone. Patroclus is able to do so because he comes from a world where humans are held at a higher value than other beings, even divine beings, however he does not acknowledge that his gifts are given by the Gods. Instead he takes the glory of the Gods for himself and indulges in his own success, and forgets the Gods when he is able to gain such defeat over the Trojan warriors. In contrast, David thanks God for all that he has acquired, he knows that he was given all these blessings through the Lord. Unlike Patroclus, when David is faced with great prosperity, he humbles himself and questions the Lord saying Who am I to receive all these gifts from you. He does not claim all his success for himself, as he sees that he could not have done any of that without Gods doing. Si nce David does come from a theocentric world, his whole life revolves around God, so he does not take pride in himself, but rather he takes pride in the Lord being great towards him. In conclusion, pride within the two texts is different in that the characters from the novels come from different worlds, so their pride reflects upon what their focus is. Being that the Greeks come from a world that focuses on man, they are not afraid to admire themselves as all they truly care about is their pride and honor because that is what is carried on through history, and what men will be talking about even when they are dead. However, the Jews fear the Lord far more than man, so they are willing to put their pride aside in order to please the Lord above all. When faced with similar situations the characters from The Iliad and the Tanakh, go about the situation differently, because their central focuses in life are different from one another.

PESTLE analysis Essay

PESTLE analysis, which is sometimes referred as PEST analysis, is a concept in marketing principles. Moreover, this concept is used as a tool by companies to track the environment they’re operating in or are planning to launch a new project/product/service etc.PESTLE is a mnemonic which in its expanded form denotes P for Political, E for Economic, S for Social, T for Technological, L for Legal and E for Environmental. It gives a bird’s eye view of the whole environment from many different angles that one wants to check and keep a track of while contemplating on a certain idea/plan. Political and legal factors Political and legal factors are here regarded as a unit. They refer to framework given by politics. The exist regulatory or legal frameworks, which can be binding for regions, nations or on an international basis. The frameworks deal with economical issues or issues concerning the labour market.Subsidies for instance fall in the category of economical issues. According to the degree of support through subsidies, a country can be more or less attractive for a company. With respect to the labour law of a country, it can highly influence location decisions, too. If e.g. the dismissal protection in a country is very good, a firm may tend to choose a country with a more flexible hire-and-fire-system. Furthermore, political environment can have a significant influence on businesses, political factors affect consumer confidence and consumer and business spending. For instance, how stable is the political environment? This is particularly important for companies entering new markets. Government policies on regulation and taxation can vary from state to state and across national boundaries. Political considerations also encompass trade treaties, such as NAFTA, ASEAN, and EU. Such treaties tend to favor trade among the member countries but impose penalties or less favorable trade terms on nonmembers. Economical factors Economical factors deal with national or international economical developments and have a direct influence on supplier and consumer markets. Examples of economical factors that play a big role are: the GDP, the rate of inflation, interests, the change rate, employment or the situation of money markets. These economical factors influence demand, competition  intensity, cost pressure and the will to invest. For instance, if the gross domestic product of a country is fairly low, the demand is in general lower than in countries with a higher GDP. Social factors Social factors deal with social issues regarding the values, ideas, opinions and the culture of market participants. Market participants can be employees, customers or suppliers. Through their contact with the company, they influence it due to their opinions. The company needs to follow the market participant’s change of value and adapt its strategies. Nowadays, a change of values concerning environmental protection is on the move. Technological environmental factors Technological environmental factors are meanwhile of a great importance, especially for industrial companies, which underlie a fast technological change. The increasing speed of technological changes, like in microelectronics or robotics can either indicate risks or chances for a company. Particularly producing companies are affected of that fast evolution. Environmental factors At last, environmental factors are becoming more and more important nowadays. They regard natural resources and the basis of human life. Among those, the availability of raw materials and energy is the main topic. As the availability of fossil fuels, like oil or coal, gets worse within the next decades, the dependency on those fuels stays pretty risky. Moreover, to show an ecological responsibility, companies should assess and reduce their ecological damage. Through rare raw materials and increasing pollution, an environmentally friendly management gets spotlighted more and more by the public interest. Consequently, eco-friendly products or technologies can even signify a competitive advantage. To maximise on the benefit of PESTEL it should be used on a regular basis within an organisation to enable identification of any changes in trends. The impact of any external factor may have more severe impact on any division or department but, PESTEL will enable clarification why change is needed and identify potential solutions. As with all techniques there  advantages and disadvantages when ever using it.PASTEL includes some of these advatages;provides easy and simple to use framework for your analysis, helps to treduce threats and impacts of potential treats to your organisation. And also helps you to asses the level of implications of entering a new market both globally and nationaly. However it is also associated with the following disadvantages; as users can over simplfy information used in decision making in an organisation, assumptions often form the basis for most of the data used, making any decision made based on such data subjective. Users must not also succumb to paralysis by analysis where they gather too much information and forget that the objective of this tool is the identification of issues so that action can be taken.