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.
PETRONAS is an acronym for “Petroleum Nasional or National Petroleum” and the company is registered as Petroliam Nasional Berhad. It is located in the Petronas Twin Towers in Kuala Lumpur, Malaysia. Petronas is ranked 95th by Fortune for 2008. The CEO of the organization is Mohamed Hassan Marican …
Peugeot is a major car manufacturer originating and headquartered in France. The company’s industrial origins trace back to a steel foundry set up in a converted flour mill in the early 19th century. Since then, the company has gone through various transformations, manufacturing and selling a diversified range …
Pfizer, Inc., is a global pharmaceutical company based in New York City. It was ranked the biggest pharmaceutical company in terms of sales in 2007 and has been a component of the Dow Jones Industrial Average since 2004. As of February 2008, it had an approximate market capitalization …
The Philippines, located in the western Pacific Ocean east of mainland southeast Asia, is made up of 7,100 islands and islets, 3,144 of which are named and 1,000 of which are inhabited. Its land area is about equal to Italy and a little larger than the American state …
Plagiarism is defined as using the idea or work of someone else, claiming it as your own, and deriving an academic, material, or other benefit from having used it. In some cases, plagiarism is unintentional and involves a lack of knowledge or skill in drawing information from a …
Poland traditionally has been a major center of agriculture in eastern Europe, and in the late Middle Ages, it was one of the largest political entities in the region. In the early modern period, it started to develop some industrial potential with the location of coal and iron …
The term polycentric defines a decentralized organizational orientation having many centers of authority or control. This term usually refers to the assumptions and mind-sets of top managers and applies to firms with affiliates (or subsidiaries) in several different countries. Polycentric implies that the firm’s conciseness has shifted from …
The term polycentric is derived from the Hellenic (Greek) word πολυκεντρικός, a composite word that consists of the term πολύ, which means multi, and the term κέντρο, which means center. Hence, the term suggests an attitude that adopts multiple points of view. Multinational corporations that adopt a polycentric …
Civilization can be traced in Portugal back to neolithic times, through the settlements of the Phoenicians, Carthaginians, and Romans. Later, the Christian “reconquista” halted the Muslim advance and colonization of the country and gave rise to the maritime empire that provided for economic growth in the 15th and …
A marketing term, positioning is the act of memorably and positively anchoring a product, service, idea, individual, or experience in the minds of customers (including prospective customers). A product that is well positioned is widely perceived by the target audience as possessing distinctive, unique, and appealing features. As …
Geert Hofstede identifies five cultural dimensions that assign mathematical scores designating a particular country’s beliefs about each of the dimensions. The five cultural dimensions are Power Distance (PDI), Individualism (IDV), Masculinity (MAS), Uncertainty Avoidance Index (UAI), and Long-Term Orientation (LTO). Hofstede defines the PDI by stating, “the extent …
A company engages in a pricing activity when it attempts to determine the best price at which it can sell its product. This is one of the basic elements of the marketing mix. Typically, the company will aspire to find the optimal price to maximize revenues. This might …
The PRINCE model was designed in 1969 by William D. Coplin and Michael K. O’Leary as an analytical system for forecasting decision outcomes. Initially built as a Programmed International Computer Environment (PRINCE), it was first used in an American foreign policy simulation run on mainframe computers. In their …
Although nothing about spaceflight inherently demands government involvement, in the first generations of successful spaceflight only national governments had the resources necessary to pursue it; even the first commercial satellites were launched with government-owned rockets. Even now, more than 50 years after the launch of Sputnik, the only …
Privatization is a transfer of management, ownership, and/or control of any aspect of an enterprise from the public (governmental) sector to the private (nongovernmental) sector. The term (spelled privatization in the United Kingdom and most Commonwealth countries) is very broad, encompassing a wide range of activities and/or assets …
Procter & Gamble (P&G) is an American consumer packaged goods corporation headquartered in Cincinnati, Ohio. It manufactures a wide range of consumer goods such as Ivory soap, Crisco oil, Tide detergent, Crest toothpaste, and Gillette razors. In 2007 it was the 25th largest U.S. company in terms of …
Procurement can be simply defined as the acquisition of goods and services for the firm at the “best” price. Procurement includes sourcing (identifying and working with appropriate suppliers) and purchasing (the specific functions associated with the actual buying) and covers all the activities necessary to obtain goods and …
Product component models are part of bill of materials (BOM) management. The BOM describes the materials, assemblies, parts, and components required to manufacture a particular final product, like the list of ingredients and equipment at the header of a recipe in a cooking magazine. BOMs are prepared toward …
Product development refers to the process of creating new goods and services or modifying existing goods and services. Why do companies develop products? Companies have financial, sales, and market share goals; products can be developed to reach these goals. In addition, companies can initiate product development to respond …
Productivity is a measure of how efficiently a company, industry, or society uses inputs, or factors of production (e.g., labor, energy, capital) to generate products and services. A number of methods can be used to measure productivity. In a factory, productivity might be measured based on the number …
