Current Economic Climate in Britain Essay Example | Topics and Well Written Essays - 1000 words - 3

Current Economic Climate in Britain - Essay Example This paper illustrates that the economic climate in Britain affects businesses differently. Even with the realized economic progress, competition has heightened across all industries. Free market practices have become predominant, forcing businesses to engage in intense competition in order to secure significant market shares. Most importantly, Britain is not immune to the euro crisis as well as global financial and economic hardships. For this reason, risks might seem to outweigh benefits in starting up a new business. However, this might not be the case. The economic climate, whether it progresses, stagnates, or deteriorates, does not directly translate into business failure if risks are involved. The business environment can hardly be immune to risks and economic hardships. Business diversity in the economic context has to cope with many eventualities, which if not managed can be catastrophic to many businesses. Even in the best of economies in the world, risks cannot be ignored. Rather, the presence of risks is acknowledged and the necessary course of action taken to manage the risks. Business competition in Britain’s economy has been observed to intensify over time. Following this trend, the most influential risks for businesses are operational, financial, or economic in nature. The benefits realized by any given business in the economy depend on the opportunity identified, strategies taken to exploit the opportunity, decision making, and management practices employed. These aspects are essential in countering business start-up risks that could negatively affect the performance of the business.

Those the year 1968 has benefits us Essay Example | Topics and Well Written Essays - 750 words

Those the year 1968 has benefits us - Essay Example Martin Luther King and presidential candidate Robert Kennedy had their lives extinguished through the barrel of a gun. For many Americans then, the year 1968 came to signify the end of innocence and the dawn of a new era of dashed hopes and unfulfilled promises (Sibley 2009; Hobsbawm 244-270). Events on the international stage further added to this perspective as the Cold War started to heat up and the ramifications of the capitalist-communist split were coming to the fore. It is important to remember that this was the height of the Cold War and as Czechoslovakia sought increased liberalization as a member of the Soviet block, the USSR and Warsaw Pact’s military might crushed any appearances of dissent emanating from Prague and its environs. On August 20, 1968, Warsaw Pact forces invaded Czechoslovakia culminating in the largest internal Eastern offensive since the dawn of the Iron Curtain leading to the forced occupation of this fraternal communist country. Troops from Bulgaria, East Germany, Poland, Hungary and the USSR were coordinated in the effort to crush the spring liberation emanating from Czechoslovakia. Accordingly, more than 500,000 troops effectively occupied this country in what became known as a devastating moment in world history. For Americans and o ther Westerners, the occupation of Czechoslovakia during the height of the Cold War confirmed fears of the authoritarian nature of communism and brought home the importance of maintain a staunch anti-communist foreign policy during this period. The war in Vietnam was another reminder of the precarious situation which existed between the capitalist and communist world and the Vietcong launched the Tet Offensive during this period. With the successful Vietcong attack on the US Embassy in Vietnam, the Tet Offensive effectively ratcheted up the battle for supremacy in Vietnam between North and South Vietnamese forces as well