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.
Hyundai was founded by Chung Ju-yung and became one of largest conglomerate companies in South Korea. As a family-run Korean business group (chaebol), the most well-known Hyundai organization is the Hyundai Motor Company, the world’s fifth-largest automaker. Hyundai Heavy Industries is the world’s largest shipbuilder, and Hynix is …
Iceland is an island in the North Atlantic, divided into eight regions by geographical orientation and/ or geographical characteristic, e.g., the Southwest Peninsula, all of which add up to an area of approximately 102,819 sq. km (39,698 sq. mi.). Its capital is Reykjavik (pronounced “rake-a-vik”). The climate is …
Impact financial statements, financial impact statements, or fiscal impact statements are documents prepared to analyze and summarize the financial impact of an event or decision. They are prepared not only by corporations, but by governments contemplating the foreseeable financial effects of a policy decision. Financial statements called for …
It has been argued that importing is simply the opposite of exporting. An organization or an individual in one country purchases goods and services from a seller in another country with the aim of making a profit in the transaction. There are certain aspects of importing that are …
Import substitution was a strategy for economic development that was popular in the 1950s and 1960s. Advocates of import substitution development strategies believed that industrialization was the key to economic development and looked for policies that would encourage domestic industries to grow. Although it is now largely discredited …
One of the fastest growing of the world’s major economies, India witnessed rapid transformation from a socialist economy of the post-independence era to a globalized one from the 1990s. With a population of about 1.1 billion (July 2006 estimate), it is the second most populous nation of the …
The Indian Oil Corporation is India’s largest corporation, the 18th largest petroleum company in the world, and was ranked 116 on Fortune magazine’s 2008 Global 500. It is a public sector undertaking: an Indian term for a publicly traded company in which a majority share of the stock …
Exporting to foreign markets takes two forms. Direct exporting means setting up expensive subsidiaries or establishing contractual relationship with foreign companies. Direct exporting does give greater control over sales channels and intellectual property protection, but the entry costs, time to market, and ongoing costs are higher. The other …
Indirect foreign direct investments (indirect FDI) are foreign direct investments of a multinational enterprise (MNE) that are carried by a foreign subsidiary located in a third country. The MNE obtains a lasting interest in a foreign market, being the ultimate owner of the investment made, but the actual …
“Individualism/Collectivism” is one of the five cultural dimensions identified by Geert Hofstede in his book Cultures and Organisations: Software of the Mind, where he presents the results of research on cultural variability or national cultural differences using survey data collected from IBM in 50 countries. In a similar …
Indonesia is made up of 17,507 islands, 6,000 of which are inhabited, covering about 730,030 sq. mi. Indonesia, with its capital at Jakarta, has the fourth-largest population in the world, estimated at 223 million people in 2005 (after China, India, and the United States). The political system is …
The Industrial and Commercial Bank of China was founded on January 1, 1984, as the result of a major banking system reform in China. It inherited the industrial and commercial credits and savings businesses from People’s Bank of China and developed into one of the four major state-owned …
Industrial espionage (IE) is defined as the illegal acquisition of secrets from business competitors. It is an enigmatic phenomenon in business practice. IE is distinguished from all legal activities of competitive intelligence and scanning of the organizational informational environment. In addition to the distinction between legal and illegal …
Understanding what constitutes an industrialized country is predicated on both knowing a given nation’s level of industrialization as well as understanding the process by which industrialization occurs. A nation’s level of industrialization concerns the extent to which its economy is based on manufacturing, construction, and other industrial activity. …
The significant role information plays in the success of industry and its participants continues to dominate academic debate, with the growing volume of multidisciplinary literature demonstrating the complexity of not only defining but accessing relevant information. No one clear interpretation of the term industry information exists with the …
The infant industry argument is used by countries as an economic protectionist measure so that industries (primarily manufacturing) can be protected from other countries’ industries that can produce goods or services cheaper than the country enacting the measure. The measure was first argued in the United States by …
An information system (IS) consists of the people, processes, and data involved in the handling of information in an organization, and as a field, information systems is the study, design, and implementation of such. Nonspecialists often use “information system” to refer specifically to the software used in such …
Information technology (IT) auditing collects and evaluates data pertaining to an IT infrastructure. An IT audit may augment a financial audit, but it is specifically designed to test the IT infrastructure‘s accuracy, efficiency, and security. Though around since the 1960s, IT audits have become especially important in the …
Infrastructure is a wide-ranging term that describes the underlying framework and structural characteristics of a location or activity. Generally it refers to such tangible and physical facilities as buildings, equipment, roads, bridges, harbors, rail networks, airports, communications, gas and electrical power, flood control, healthcare, education, police and fire …
ING Group (Internationale Nederlanden Groep) is a financial services company that provides savings, banking, investments, life insurance, and retirement services to people and companies in over 50 countries. It is a Dutch company with headquarters in the ING House in Amsterdam, the Netherlands. However, it has subsidiaries in …
