Factors affecting economic growth

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Factors affecting economic growth This detailed article aims to identify some of the key factors affecting economic growth. There is no doubt that the growth of an economy is dependent on several factors. These factors vary from country to country and change over time. However, there are some stable factors that can all contribute to an economy growing and thereby improving the standard of living in a nation.   List of factors affecting economic growth with analysis   Role of investment in economic growth Investment is the process of putting […]

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Stakeholders of YouTube (Stakeholder Analysis)

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Stakeholders of YouTube (Stakeholder Analysis) This article aims to explore the key stakeholders of YouTube. ‍YouTube has become an integral part of the global modern culture. It is a platform where users upload videos of anything they like and get people to watch them. These videos are labeled as ‘YouTube videos’ and are accessible via Google search, mobile apps, PC apps, gaming consoles, and many more.   YouTube is owned by Google. It is the second most popular search engine in the world after Google. In fact, YouTube owns the […]

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PESTEL analysis of the coffee industry

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PESTEL analysis of the coffee industry This is a detailed PESTEL analysis of the coffee industry which has drawn examples from many coffee-producing and coffee-consuming countries. The global coffee industry is growing at a rapid pace. It is a massive industry which offers interesting opportunities to both suppliers and retailers. It contributes very well to the global GDP.   Though there are multiple players operating in the coffee industry globally, there still seems to be enough room for new entrants to come in and target specific niches. Therefore, entrepreneurs and […]

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Factors affecting communication

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Factors affecting communication ‍This article aims to identify and analyse the major factors affecting communication. Communication plays a vital role in any organisation. It is the key to building trust and companionship. However, it can be difficult due to several factors. Communication is not an isolated act. It is a process that involves several stages and variables. If people fail to recognise the extent of those variables and how they interact with one another, their communication may suffer as a result.   People and tools of communication When it comes […]

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Advantages and disadvantages of working from home

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Advantages and disadvantages of working from home This detailed article explores the key advantages and disadvantages of working from home. Working from home has become a standard practice for many people around the world. Many organisations have decided that their employees can work from anywhere. However, working from has various advantages and disadvantages for both employees and employers.   Advantages of working from home for employees On the positive side, working from home can help employees cut down on commuting time and reduce fuel expenses.  It can also help them […]

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Stakeholders in the education industry

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Stakeholders in the education industry This article aims to explore the key stakeholders in the education industry. Education is one of the largest industries in the world where a good number of different stakeholders are involved. It contributes around £20 billion to the British economy a year. Its estimated revenue in the USA is around $78.7 billion (Statista, 2021). Higher education is indeed a big part of the global education industry. Its revenue in countries such as USA, UK, Canada, and Australia often depends on the international students. According to […]

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Stakeholders in the construction industry

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Stakeholders in the construction industry This article aims to identify the main stakeholders in the construction industry. The global construction industry has many different stakeholders, and the key to engaging them is to get them involved early in the project. Their interest and power may vary depending on different factors and circumstances; however, it is very important that they are recognised so that the engagement with them is smooth, and should there be any challenges, they are dealt with appropriately.   Global construction industry Construction is a massive global industry. […]

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PESTEL analysis of the ecommerce industry

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PESTEL analysis of the ecommerce industry This article offers a comprehensive PESTEL analysis of the ecommerce industry. The term ecommerce is the short form of electronic commerce which refers to the practice of purchasing and selling goods and services over the Internet. It has seen an enormous growth globally in the last several years. Indeed, all countries now benefit from it, though with varying degrees.   Political factors affecting the ecommerce industry China is the largest ecommerce market in the world followed by USA, UK, Japan, and South Korea. It […]

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Stakeholders of Costco (stakeholder analysis)

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Stakeholders of Costco (stakeholder analysis) This article offers a detailed assessment of the stakeholders of Costco (stakeholder analysis). Costco is a renowned warehouse club that offers a wide selection of merchandise to its members. It focuses on selling products at low prices while providing a high level of customer service. It differentiates itself from other retailers through its membership-based business model.   Internal stakeholders of Costco Costco leadership team The members of the leadership team are Costco’s top decision makers. The leadership team comprises of two units i.e. Board of […]

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Advantages and disadvantages of economies of scale

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Advantages and disadvantages of economies of scale This article offers a detailed analysis of the advantages and disadvantages of economies of scale. A business can achieve economies of scale by increasing production and reducing costs. Fixed costs can be spread over more units of production, which reduces the per unit cost for each additional unit produced.   What are economies of scale? According to the Encyclopaedia Britannica (2022) when a business increases output, a decrease in the average cost of producing a product is usually gained. This reduction is commonly known […]

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