Businesses do face many challenges in the marketing concerts of their products and the effective establishment. The government plays a crucial and vital role in ensuring that the businesses do stick and follow the specified legal regulations. One of the concerns that the government does guard to enact is the concept of weakening the competitive market position against the antagonism in the international market. The government regulations serves to impact the protective measures particularly to the small businesses in the economy to enable them establish and face the stiff competition being portrayed in the marketing arena.
The impacts of the government regulatory measures in conjunction to the general environmental overview to my business does ensures that the run of the business meet the required standards. This ensures that all the regulatory measures are enacted in the context that ensures the smooth running of the business and at the same time having a keen focus , on the consideration of the environmental hazards that may arise due to pollution. The government does considers tall the in relation to the foreseen standards that seek to protect the local small businesses in the economy.
This is achieved through the concept of providing market advantage over the foreign produced goods from the foreign soil. The government is also ensuring the proper performance of my business through the follow up process to ensure the proper implementation of the various business strategies. This is by ensuring that the business strategy meets the environmental protection programs, through protecting and treating the effluents from the industries and not to be dumped into the water sources and catchments.
My business entity which deals with the manufacture and sale of the cottage items in that industry does experience quite a range of constraints in the enactment and implementation process. One of the shortcomings is the capital issue. This poses a bottleneck in the process of the buying, the manufacturing items, and the general manufacturing process. The depleted resources in the surrounding environment does pose a great challenge to the business to, this is because the resources tend to be scarce in the economic overview and the overlook of the stiff competition that does arises.
My business through the review of its planned strategies have seek to expand its market through the implementation of the various business tactics in the marketing channels. The overview of the strategies has well effective solutions to the problems facing the business. An example is the reduction of the fixed costs by partnering with the other small businesses in sharing the physical space. The business has also spread the concept of market positioning of the products with a key concentration in the market segmentation to achieve the specified operational goals. These all aim at adopting the current business practices which are sustainable and ensure the achievements of the business in the market.
The suggestions raised by the top company under the well developed cycle were the various short term and the long run goals that should be achieved in the yea end. The concept of market segmentation and products positioning in the market seeks to implore the market and brings out the promotion effects of the manufactured products in the market.
Lastly the company has seek to develop and maintain the good corporate citizenship by the citizens through; enacting and selling the products at a reasonably fair price that is acceptable by all stakeholders in the economy. It also maintains the good relationship with the government through paying the required corporation taxes. In this milieu it has helped puddle the business to a greater height.
References
Johnson, G, Scholes, K, Whittington, (2008) Exploring Corporate Strategy, 8th Edition
Goodstein, E.B. (1994) Jobs and the Environment: The Myth of a National Trade-Off.
