Study blog by Kaisa Leinonen

The fifth trigger is about the worldwide problem of increasing oil demand and Bloomberg’s forecast according to which the oil demand will be decreasing in a near future. Will oil demand be increasing or decreasing in a future? Currently, the world depends heavily on coal, oil, and natural gas to meet its energy needs. However, the utilization of these energy sources has a drastic impact on our environment, which is well documented. Furthermore, these sources of energy are non-renewable, that is, they will not last forever. As their supplies dwindle, they will become too expensive, difficult to retrieve, and will also have a damaging impact on the environment. Eco-friendly sources of energy, also known as Green energy or renewable energy sources, have acquired tremendous attention and acceptance in the past few years as governments, organizations and people all over the world are embracing their environmental responsibilities. (William 2017.) Peak oil — the point in ti...

Fourth trigger is about barriers and challenges international businesses face when entering new markets.  What barriers international businesses meet when entering new markets or expanding into other countries? Learning objectives 1. How to analyze business environment in a foreign market? The   PESTLE analysis   is a useful tool for companies when analysing the potential new markets. This concept is used as a tool by companies to track the environment they’re operating in or are planning to launch a new project/product/service etc. The abbreviation stands for Political, Economic, Social, Technological, Legal and Environmental factors. It gives a bird’s eye view of the whole environment from many different angles that one wants to check and keep a track of while contemplating on a certain idea/plan. What is the political situation of the country and how can it affect the industry? What are the prevalent economic factors? How much importance ...