BUSINESS ORGANISATION AND POLICY

Business organisation and policy

Business organisation and policy

Introduction

There are many factors that contribute to the business influences. The intention of this paper is to explain not only the type of business but also few of the key economical, government, legal influences in the following businesses: Riordan Manufacturing, Huffman Trucking, Kudler Find Foods, McBride Financial Services, The Elias Group and Smith Systems Consulting. Riordan Manufacturing Riordan Manufacturing is multi-million dollar plastic Manufacturing Corporation that has four locations of which three a located in North America and one in China. Riordan Manufacturing presently employs a company wide total of 550 employees and is owned by Riordan Industries, which is a Fortune 1000 company. There are many key economic influences with-in Riordan. Riordan's expectations for the inflation rate are causative to the elevation of oil prices. The company anticipated a decline in the velocity of labour production, which contributes to higher inflation expectations. Contributing to lower inflation expectations is “productivity gains” because they are still being developed. Riordan predicts that the Federal Reserve policies will hold back inflation, tough competition in the market, and strong international economic competition. (University of Phoenix 2005) There has been a minor decline in the estimation of economic growth through the years of 200 and 2006 because of the trade shortage which has been an issue that is persistent in reducing business estimations for economic growth. Another major reason for the decline in economic growth is the high oil prices. On a lighter note, consumer demands persevere as strong as ever with the added higher expectations of capital spending. (2005, Economic Forecast for Riordan Manufacturing)To minimize the government budget deficit from extremely high-levels, in 2005, The University of Phoenix says the company should expect a much slower increase in government spending, with a probable increase for the 2006 tax year. All during the time that Federal Funds had been elevating the target for the Federal Funds rate which ought to last throughout the year. Riordan Manufacturing is using a HRIS system that keeps a record of personal exemptions for tax reasons. This company's Workers' compensation is dealt with through a third-party only that keeps their own records. (2005, Economic Forecast for Riordan Manufacturing)Huffman Trucking Virginia's Business Pipeline says that Huffman Trucking is a national shipping and trucking, sole proprietorship business owned by Trenton Huffman. (2006) Huffman Trucking is a small business that started in 1936 with a single truck and driver. The business grew into global sales and the acquisition of five eastern regional shippers. In result of the company's growth, the company is able to stay privately owned. (2005, Huffman Trucking)The possibility for discrimination in any position of employment, and in companies like Huffman Trucking, management has to be careful not to engage in any type of Discrimination. Huffman Trucking has to prevent first, age discrimination. The Age Discrimination in Employment Act of 1997 (ADEA), shields people who are age 40 and above from employment refusal on the basis of ...