Challenges in the Business Environment - 1750 Words

Contents Introduction page 3 Business environment page 3 Challenges page 4 Opportunities page 4 Corporate strategy page 5 Objectives page 5-6 Stakeholders page 6 Channels of communication page 6 Conclusion page 6-7 Bibliography page 7 Question one African art has a dynamic and a cultural heritage and is one of the most important resources in the country. It generates economic as well as social benefits for the country. African art includes objects such as mask, textiles, basketry. Figure sculptures etc. However there are a number of problems that the African craft market†¦show more content†¦If there isn’t enough capital, this will result in minimal products for purchase and less profit. There is also an on-going challenge which affects many, how to gain direct access to the markets as entrepreneurs have to travel hundreds of kilometres to sell their products which incurs high transport cost and often keeps them away from their families. (south African craft report, 1998) There is also no set venue or location, for example a wire artist selling his products on the roadside. This may change in time, demand or according to season. There is also lack of resources (grass, wood, clay etc.) as many metal work and bea ded products require natural or recycled items and there may be a lack of access to them. Product finishing is a challenge as some may not have the correct skills of how to add finishing touches as to make the product of good quality and raise the standards of their produce so that it may last longer. (south African craft report, 1998) Opportunities in the African Craft Market As mentioned above there are many challenges hindering entrepreneurs on a daily basis yet at the same time there are equal number of opportunities to take advantage of which will long term benefit the business. There is a huge variety of cultures in our country because of our diverse nation which contributes greatly to a strong foundation upon which the hands made good are inspired by. There is also presence of other markets which support andShow MoreRelatedChallenges Of The Business Environment Essay1373 Words   |  6 PagesChallenges in the Business Environment As many know, Apple Inc. is a company, which is located in California, its headquarters, and is a multinational technology company. Apple Inc. designs, sells, and develops computer software, online services, and consumer electronics. Not embracing advancements in technology, unethical business practices and competition are all parts of challenges in the business environment (Lawrence Weber, 2014). 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