Category: Business Essay Examples
See our collection of business essay examples. These example essays are to help you understanding how to write essays on business-related topics. The word “business” can refer to a particular organization or to an entire market sector (for example: “the financial sector”) or to the sum of all economic activity (“the business sector“). Compound forms such as “agribusiness” represent subsets of the concept’s broader meaning, which encompasses all activity by suppliers of goods and services. Also, see our list of business essay topics to find the one that interests you.
When a multinational firm (“parent company”) engages in foreign direct investment, defined here as financially investing in facilities or physical assets— usually through a foreign subsidiary—with the expressed purpose of exploring for, manufacturing, or marketing a product in a foreign country, it does so with the understanding that …
Competition exists in economic situations whenever two or more actors seek to outperform one another, in pursuit of some commonly identified goal. Markets are the most prominent site of economic competition, employing a price mechanism to connect buyers and sellers, with sellers competing against each other either through …
The seminal work of Michael E. Porter takes an Industrial Organization (IO) perspective on the management of a nation’s assets. This theory aims to explain the reasons for the success of vendors from certain nations in specific branches or industries. Prominent examples are French luxury goods producers, German …
Competitive market analysis (CMA) is the analysis of the competing companies within a given industry, usually focusing on the top performers. A CMA of the American soft-drink industry, for instance, would usually focus on The Coca-Cola Company, PepsiCo, and the Dr Pepper Snapple Group; an analysis focusing on …
Compliance encapsulates numerous obligations that organizations of all types must fulfill. Compliance and the procedures established to meet requirements are becoming a key management concern that is central to running a successful business or organization. In an ever-widening statutory regulatory environment and with commitments to self-regulation, organizations must …
When should you offer something to another party when negotiating, how much should you provide, and in what manner should you do so? These are primary questions in the area of concession in negotiations. In any type of negotiation, a concession is something that you provide to another …
Concurrent engineering (CE) is an approach to new product development, which differs from the traditional approach because new product development tasks are performed simultaneously, instead of in a sequence. Another fundamental difference between CE and traditional product development is the fact that all relevant aspects of product development …
The confidentiality of personal and business information is an increasingly important issue in international business law. Jurisdictions differ significantly in the scope and depth of protection provided for both personal data (e.g., medical information) and business information (e.g., the details of a person’s or company’s bank accounts). Failure …
Conformance or conformity is generally defined as adherence to a standard, specification, or regulation. In literature, this concept usually means adjusting behaviors to align with the norms of the group. Norms are the unwritten rules or standards of behavior for group members that will result in a kind …
Confucius was a Chinese philosopher who lived around 500 b.c. and wrote extensively about the pragmatic rules of living. Geert Hofstede and Michael Bond’s research on global cultures demonstrated that individuals and firms in China and other Asian countries focused on a dynamic future-oriented mentality and reflected a …
Headquartered in Houston, Texas, ConocoPhillips operates in the energy sector and has operations in 40 countries. Conoco and Phillips merged in 2002 and created ConocoPhillips, which then acquired Burlington Resources in 2006. ConocoPhillips currently employs 33,000 people and has US$183 billion of assets. ConocoPhillips was ranked 9th, 10th, …
Consumer behavior is essentially the attitudes, intentions, decisions, and actions of individuals as everyday consumers in the marketplace. The study of consumer behavior is embedded in a host of domains in social and behavioral sciences, such as anthropology, psychology, sociology, economics, and history, with reflection on social psychology, …
Needs and wants reside within the discipline of motivation and are closely interlinked. Needs are the manifestation of physiological, personal, and/or social motives and wants are the means of fulfilling them. So, taking a simple example, an individual may need to buy a replacement car, and the car …
Within consumer-based economies and political systems, the importance of consumer opinion and its role in predicting consumer behavior is often a key factor in decision-making processes within businesses, by providers of services such as healthcare, and by governments. In general, consumer surveys intend to measure consumer attitudes, expectations, …
The term consumption is used in different academic disciplines in different ways. Depending on the specific academic background, people ask how supply and demand and, in other words, production and consumption in economy and society are related to each other. Or they investigate how individual people, social classes, …
Contagion is related to extremely high levels of international financial co-movements. However, there is not consensus in academic literature about what contagion represents. It denotes an increase in probability that a crisis in one country is caused by a crisis in another country. Second, it involves the asset …
The terms high context and low context were popularized by American anthropologist Edward T. Hall to describe the broad-brush cultural differences that can exist between different societies. During the early 1950s, Hall defined culture as a means of communication that takes place through symbols, or “silent languages.” He …
Repudiation is a term used to describe circumstances where a party acts or expresses intent not to accept the obligation of a contract, hence the term contract repudiation. Repudiation amounts to a breach of contract where the refusal to perform is clear. Refusal to perform may be evidenced …
A contract is an agreement among two or more parties. It includes a promise, or mutual set of promises, freely agreed to and in exchange for something of value. Once properly set in place, the agreement will be enforced by the court. We will now take a closer …
Control systems are designed to provide corrective action to align actual performance with standard performance. Effective control systems use feedback to determine whether organizational performance meets established standards to help the organization achieve its objectives. Managers like to be in control; they try to shape their organization’s future …
