The impact on business of decisions taken by governments. The regulation of competition; government spending and tax policies
With election of Trump, anti-trade and anti-globalization campaigns started to increase and secure more US jobs. Anti-immigration campaigns have also resulted creating more local jobs in UK which caused by Brexit. This also caused higher inflation and Sterling currency to lose value.
Generally, consumer demand still strong in US and Eurozone. If UK denied for market access in EU ,UK has to reinvent and create another way being competitive. Tax reform in US is more likely happen in 2018 because of high probility of launching infrastructure projects.
The setting of interest rates; exchange rates can affect the competitiveness of the business;
Good sign in progress for world economy which was reported 3.1% growth in 2016,3.4% in 2017 by IMF. It is forecasted 3.6% growth in 2018 which all is based in models.
This is certainly looking better which have seen in previous years for advanced economies are doing
better such as US, Eurozone, Japan. There was no economic damage of Brexit progress so far in eurozone in 2017.There was some negative impacts for emerging and developing countries such as India and Mexico.
Demograthic change; changes in consumer tastes and fashions
According to the statistics people are watching more television and video today than they did last year. And this number grows year over year. The number of hours of television and media consumption on a per person per day basis consistently goes up. Together with increase of population and more people can access to the internet, this market will continue to grow for the coming years.
The rising use of mobile technologies is challenging existing business but also providing great opportunities for growth and for market share increases. It also impacts the decisions between labour andcapital intensity (as an example of increased use of robotics as part of a shift towards automation in manufacturing )
Artificial Intelligence System allows different data media types such as text, image, audio, video and meta data to be analyzed in real time. Functions like facial recognition, language and video analysis in moving images open up completely new possibilities for media companies in utilizing content.
Grass Valley solutions integrate production and distribution for the optimum work flow
The changes in national minimum wage; Health and safety at employment law; increasing amount and complexity of legislation designed to ensure that businesses look after the environment
Green technology; ethics looking after the environment is a complex area for businesses; ethical sources (to choose suppliers who are operating to the same degrees and same standards that would company expect); tax practices – tax avoidance by large multinational businesses
Human beings are causing global warming because we are burning dangerous oils, coal and gas.
We need to make transition to cleaner energy like the sun and wind. Wildfires are happening in US
and other parts of the world. Research from thousands of scientists find that last 3 years were warmest on record. Storms and wildfires are growing worse because there is evidence that world is getting hotter. Some US states aimed to reduce global warming pollution by 30% by 2023.