Managing Business in Europe Essay Example | Topics and Well Written Essays - 2500 words

Managing Business in Europe - Essay ExampleThough, there are lot of declamatory automobile manufacturers in Europe, majority of the toil of automobiles required for the European market is outsourced. The prominent automobile manufacturers in Europe are DaimlerChrysler, Volkswagen (VW), BMW, Ford Europe, General Motors (GM) Europe, Renault, PSA (Peugeot-Citron), Fiat and Porsche etc. The EU is the largest self-propelled production region in the world and the industry comprises 6.5 % of the manufacturing sector in the Union. Direct employment by the automotive industry stands at roughly 2.2 million employees, while the total employment effect (direct and indirect) is estimated to be about 12 million (THE AUTOMOTIVE SECTOR, 2009).This report analyses Influence of EUs policies on Automotive Industry Influence of whizz European Market or EMU on Automotive Industry Opportunities and threats for Automotive Industry associated with the detonation of the European Union Automotive Indus try strategies for Europe etc.The increasingly internationalist setting of business organisation makes it harder and harder to establish the boundaries of a national economy or even to separate the European economy from its world(a) context (Wallace &Young, 1997, p.3) Globalization and liberalization policies have revolutionized the who world and the business strategies were redefined in order to meet the demands of a global world by many of the organizations. Separate co-operative sectors are working in most of the split of the world in order to exploit the possibilities opened by globalization. EU is one of such co-operation aimed at the integration of the whole European region for the collective growth. The current focus of the EU institutions is on do the EU one of the most competitive markets in the world by 2010 and ensuring stable economic growth. Efforts to this bar include investment in human capital, improvements in physical infrastructure and enhancement of available network in the transportation, telecommunications and energy sectors. To counter sluggish economic conditions compounded by uncertainties due to geopolitical tensions and international terrorism, the European Commission has endorsed economic growth initiatives including European Action for Growth (Country Industry Forecast - European Union Automotive Industry, 2004)EU has implemented lot of strategies in order to encourage the automotive industries in the European region and to make the region, the worlds highest automobile manufacturing region. At present the Asia-Pacific region holds this position and the EU has interpreted every possible measure to capture the first position. Environmental legislation and recycling legislation are some of the strategies adopted by EU in order to raise the standards of automobile manufacturing in this area. The EU emissions standards are compulsory in all EU Member States. The