Offer a critical assessment of the current business Essay

Offer a critical assessment of the current business environments(Nestle), selecting industry examples based on your chosen pathway - Essay Example Porter’s five force analysis is one the most powerful tool that greatly facilitates evaluation of internal and external factors that impact performance (1980). The emerging new trends in the travel industry vis-Ã  -vis travel destination, special interest packages, integrated services for corporate customers with high spending potential etc. have given significant boost not only to the industry but to national economies also (UNWTO, 2006; Dwyer, 2002). MICE package has been developed for global firms that want to mix business with leisure activities to rejuvenate their workers. They are also designed to address the need of the international business community by organizing global meet for corporate buyers and sellers so as to exploit new opportunities for expanding business across globe (Spiller, 2002). The huge potential of MICE has increasing become the driving force for the success of the tourism industry. Porter’s five force analysis hugely facilitates in assessing market forces which can be exploited by the MICE firms and other tourism agencies. It evaluates the five forces: threat of new entry; buyer power; supplier power; th reat of substitute; and competitive rivalry. Threat of new entry is always a critical issue as it significantly reduces the economy of scale for big businesses. The technology and globalization have provided new entrants with huge opportunities and local agencies have emerged as major threats for tourism agencies. Differentiation, networking capability, financial backing, brand loyalty etc. become major factors to overcome the threat posed by new entrants. Buyers’ power is huge as technology has hugely enabled small family businesses to enter tourism industry with success. There are also more global players in this field which make switching easier. The industry firms, therefore, must focus on cost differentiation, brand equity and quality of service to gain leverage. The

Legal, Saftey, and Regulatory paper Essay Example | Topics and Well Written Essays - 750 words

Legal, Saftey, and Regulatory paper - Essay Example The institutions that the US government has created to protect the rights of both the employer and employee include the United States Department of Labor, the US Equal Employment Opportunity Commission, the Department of Homeland Security, and Americans with Disabilities Act of 1990. The legal, safety, and regulatory requirements are implemented to ensure equality and fairness in organizations. Human resource processes that comply with the legal, safety, and regulatory requirements ensure protection of rights of both parties in the employment contract. The employer and employee form a binding relationship once they sign an employment contract. Both the employer and employee are guaranteed some rights and obligations during the contract period; a contract of employment describes the terms of employment that affect both parties (Briscoe, Schuler & Claus, 2009). The necessity to protect themselves against the implications of non-adherence to contract terms requires implementation of external forms of protection. Legal, safety and regulatory frameworks prevent chances of unfair treatment by either party during the employment contract execution. Observing safety standards creates a safe workplace without threats risks of illnesses and injury of harassments. The organization, therefore, is able to protect its valuable assets, which comprise of human resources. The current workplace in the US is standardized and promoted by three critical workplace regulations: the state level compensation laws, and Occupational Safety and Health Act of 1970 and OSHA that operate at the Federal level. The Department of Homeland Security focuses on protection of employees from both external and internal aggression. Laura (2010) argues that employee security has gained much interest in the recent past because of increased violence at workplaces. Employers are advised to comply with this Homeland