With the ever changing global business environment dictating the way businesses are conducted today, managers need to consider the global environment when taking important decisions and making plans. Now to understand the potential of how much you can earn please click this link This will take you to another hub and it will show you the real-life experience of Ms. Kejanny. I hope this article will really inspire you to start your writing career on the Hubpages. Before I move to another topic, let me tell business management even if your articles fail to pass the quality check, then also keep on writing more articles. Some will surely pass, learn from mistakes and improvise. Social institutions affect the ways people to each other. The family unit which in Western industrialized countries consists of parents and children in a number of cultures is extended to include grandparents and other relatives. This will have an impact on consumption patterns and must be taken into account for example when conducting market research.
Integral to the history and development of the steel industry in the US is the U. S. Steel Corporation. Started in 1901, it was the largest business enterprise ever launched during that period. The company was founded by prominent businessmenâ€”Andrew Carnegie, J.P. Morgan, Charles Schwab and Elbert Gary. Gary was U. S. Steel’s first chairman. In its first year, the company supplied almost 70 percent of all the steel produced in the country. In the years that followed, it developed a wide array of steel making procedures and technology and raw material subsidiaries, many of which were related or grew out of the firm’s initial steel operations. Through time, the company experienced various restructuring and conglomeration from other steel company thought it retained its name as U. S. Steel Corp (U. S. Steel Corporation USS, 2009).
Due to the lack of capital, technical know-how, entrepreneurship. etc., the private sector was shy in investing capital in heavy industries. The government took the initiative and established the Pakistan Industrial Development Corporation (PIDC) in 1952 to invest in industries that require heavy initial investment, have a long gestation period, and require a high degree of know-how. The PIDC’s major investments were in paper and paper board, cement fertilizer, jute mills, shipyards, and the Sui Karachi gas pipeline. By June in 1971, the PIDC had completed 59 industrial units and created a base for self-sustained growth in the industrial sector. The nationalization of industries in 1972 inflicted a heavy blow to the PIDC. Under the Presidential Ordained No. 5 of 1974, the government transferred the major projects to new Corporation. The PIDC is now reduced in size and stature. It is hardly operating 12 projects and facing great financial stringency.