INBS 346--Chapter 7, Ball et al

INBS 346--Chapter 7, Ball et al - Chapter Seven Chapter...

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Unformatted text preview: Chapter Seven Chapter Seven Economic and Economic and Socioeconomic Forces Socioeconomic Forces 1-2 7-2 Impact of Economic Forecast Impact of Economic Forecast on Firms Functional Areas on Firms Functional Areas 1-3 7-3 Economic Forces are Economic Forces are Uncontrollable Uncontrollable 1 Most significant forces for managers h Firms assess and forecast economic conditions h National and international level h Data published by governments and international organizations h World Bank, IMF, UN, OECD h CIA, US DOC h Private economic consultants h The Economist Intelligence Unit h Business International h Chase Econometrics 1-4 7-4 International Economic Analysis International Economic Analysis 1 Purpose of Economic Analysis: h Appraise the overall economic outlook h Assess the impact of possible changes on the firm h Economic analysis for multinationals are more complex than those for a purely domestic firm h Many national economies to consider instead of just one h Also, there are interactions among national economies, and values are highly divergent 1-5 7-5 Levels of Economic Development Levels of Economic Development 1 Developed 1 All industrialized nations h Most technically developed h Developing 1 Lower income nations h Less technically developed h NIE : Taiwan, HK, Singapore, S. Korea h NIC : NIE and Brazil, Mexico, Malaysia, Chile, Thailand h Emerging Markets BRIC : Brazil, Russia, India, China h Most watched by businesses 1-6 7-6 Dimensions of the Economy Dimensions of the Economy A. Economic Dimensions : information related to their purchasing power Gross National Income (GNI) h The measure of the income generated by a nations residents from international and domestic activity h Preferred over GDP which measures income from domestic activity from residents and non-residents h GNI/Capita 1 Compares countries with respect to the well-being of their citizens h Used to assess market or investment potential...
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This note was uploaded on 12/17/2010 for the course INBS 346 taught by Professor Ike during the Fall '10 term at Montclair.

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INBS 346--Chapter 7, Ball et al - Chapter Seven Chapter...

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