Business Environment And Its Impact On Corporations Worldwide

1073 Words Nov 16th, 2015 null Page
However, producers are the leading players in any business, as the core existence of a good or service depends on producers to supply the final product in the market. The items produced and sold anywhere around the world are determined by the mindset and goals of an immense group of creators. Furthermore, it is safe to assume that without suppliers it is tough or maybe even absolutely impossible for a business to run. Therefore, it is believed that in the future, organizations will gain competitive advantage depending on the relationship it has with its producers (Sheth and Sharma, 1997). This report will focus on producers in the business environment, while assessing the role of which they play in the business world today. In the following I will attempt to assess the importance of suppliers in industry in modern day business and its impact on corporations worldwide.

Firstly, it is believed that in the future, organizations will gain competitive advantage depending on the relationship it has with its producers (Sheth and Sharma, 1997) which indicates how significant producers are when it comes to the business environment. Similarly, organizations such as General Motors, Xerox, Black & Decker and Nieman Marcus are improving their relationship with their suppliers in order to gain a competitive advantage (Ganesan and Shanker, 1994). This is due to the fact the producers have a major effect on the technological environment of organizations. As organizations want to compete…

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