What is the importance of SWOT analysis? 2. The Lakers are in Los Angeles of course. I remember watching Lakers games starting around 1986. That was the period when Pat Riley was the head coach and that team had players such as Magic Johnson, Byron Scott and James Worthy. At that time, I think that the National Basketball Association or NBA for short was at its best because the games were exciting. Even today, the Lakers remain one of professional sports’ best franchises. This is because of the enormous success they have had over the years and continue to have that success even now. This is one of the reasons I continue to want to stay here and keep those memories alive. If you want to see a sports franchise that is dedicated to winning championships consistently, Los Angeles is one of those places. After several years of missing the playoffs, the Lakers in the 2019-2020 season have a solid winning record and will make the playoffs once the season resumes. Note: as of December 2020, the Los Angeles Lakers are the defending world champions of the NBA thus adding one more championship to their already storied legacy.
According to Paul Reynolds, founder of the Global business management Monitor , “by the time they reach their retirement years, half of all working men in the United States probably have a period of self-employment of one or more years; one in four may have engaged in self-employment for six or more years. Participating in a new business creation is a common activity among U.S. workers over the course of their careers”. 52 In recent years, entrepreneurship has been claimed as a major driver of economic growth in both the United States and Western Europe. U. S. Steel Corporation’s survival of the ups and downs of the economy through a century of dealing business was due its resilience and flexibility to change and adapt through time. It did not limit itself solely to â€˜manufacturing steel’ but made the necessary adjustment and joint venture in order to survive. In the end, it went back to being just a steel industry, focusing its development and expansion solely to pursue its visionâ€”making steel. Now the company is back at its feet, a model of a stable firm that has weathered the economic storms.
Another core issue is the company’s growth and the importance of networking and interaction. This view looks at the way in which companies and organisations interact and consequently network with each other to gain commercial advantage in world markets. The network can be using similar subcontractors or components, sharing research and development costs or operating within the same governmental framework. Clearly, when businesses formulate a trading block with no internal barriers they are actually creating their own networks. Collaborations in aerospace, vehicle manufactures and engineering have all sponsored the development of a country’s or a group of countries’ outlook based on their own internal market network. This network and interaction approach to internationalisation shows the substance of being able to influence decisions when knowing how the global network players work or interact.