Auditing Research Essay Example | Topics and Well Written Essays - 500 words

Auditing Research - Essay Example This shows that once the company initiates its international expansion, it will become an even greater threat. In cases when Under Armour, albeit a smaller company, becomes more prominent among the customer population, Nike will no longer remain the most desired company for sports garments and this hinders the main objective of Nike that is to improve as well as protect the position of Nike as the number one brand in US. Furthermore, Nike not only faces huge threat and competition from major sports brands but also faces threats from fake Nike goods. According to an article by BBC, almost 135,000 fake Nike running shoes have been seized by the U.S, making it clear that this is a huge problem. Nike has been selling goods in countries other than the US. Certain labor related accidents, in countries like Bangladesh where the Nike goods are sold, have led to protests regarding the safety rights and health of the employees. If Nike is forced to invest in the uplifting of health for these employees, it would act as a risk since it would enhance the costs of the company and a contraction in margins. This risk will continue to increase with time as Nike is raising their prices of sports goods. Another risk factor for Nike is the fact that since it generates sales outside US, it is inevitable for the company to face currency fluctuations. Since the dollar has been strengthening and will continue to strengthen, it will pose as a risk for Nike. The company is exposed to the international nature of trade. Since it sells and buys in different currencies, it faces instability in terms of margins and costs over time duration. This means that Nike Inc. might be selling at a loss. With these fluctuations, the income of the company will become varied and the cost for its manufactured goods in other countries will also be altered. This tends to obstruct the objective of Nike to manage and direct the international business of the company as it is developing. Also,

Business Process Management Essay Example | Topics and Well Written Essays - 3000 words - 1

Business Process Management - Essay Example Here, business management process do involve the human interaction actions such as placing orders, the ability to work with multiple applications and lastly the capabil.ity to handle dynamic process changes and rules. The following are important components in business process management they include; process modeling where depiction of a process will become apart of application that is able to control the performance of business when it is run. Technologies involving systems and web integration, here data is enabled for retrieval and display in the web browser. The above enables individuals to orchestrate the pertinent people in the processing of the legacy application into one’s process. Optimization process is also pertinent since individuals as well as dynamic change has been difficulty as per the history (Galambos 97). Optimization has had a great challenge pertaining ownership and visibility in the process that is vital to span departments that are functional or business units. It is worth noting that business has the capability of changing faster than the update rate of the Information Technology, this cause the stifling of the innovations, performance, and growth. Of late, web browsers have been perverse, and further there is emergence of the simplified integration of technological applications as the XML/SOAP. However, this has made it possible for the IT to deploy supportive technology across the functional business processes, organization, and technical silos. Business process management is an application that many enterprises be it small ventures or giant ventures should follow to rectify some challenges pertaining growth of business. Business process management and application provides the following tools; model to business analysts the process return product and rules of the business that bears mandate in controlling the behaviors of the whole processes. More