Business Placement Essay Example | Topics and Well Written Essays - 4000 words

Business Placement - Essay Example For the purpose of this assignment, the fields selected are energy, FMCG and Information Technology. The reason for selecting FMCG and energy is their extensive nature and opportunities of having employments on global scale. There are many companies in these sectors that are operating on global scale e.g. Nestle, Unilever, P&G, 3M, Philip Moris, British American Tobacco, Colgate-Palmolive, Kellog etc. On the other hand, companies operating in these industries at small and medium level are also using e-commerce and other techniques to expand their operations beyond borders through imports and exports. If American industry is explored alone, the market is quite extensive and there is still a room for new entrants to exploit opportunities offered by this industry. My third choice would be IT sector. The reason for selecting IT industry is its robust and highly creative nature. Everyday new applications and products are coming into market and there is a never-ending need for innovative p roducts and services. In order to understand dynamics of each industry, it is important to explore how they operate individually, what kind of career prospects and remuneration they offer along with skills required by each of them. For this purpose, an extensive industry analysis is performed with reference to FMCG, energy and IT sector in United States. This analysis will further help in analyzing career opportunities available in respective fields of employment. The research regarding best employers was performed with the help of various online sources and periodicals such as business insiders, Forbes, CNN Money. With the help of this research, it was found that Google Inc was one of the best employers which not only provided better and growing career prospects but also a suitable working environment as well. Since work environment is one of the most important factor affecting employees’ satisfaction and their retention with their employers, therefore Google Inc would be my future prospective employer from IT sector (CNN Money, 2013). Another top employer is 3M from FMCG sector. Lastly, Devon Energy company would be a preferred employer from energy sector. 2.0 Energy Sector in United States The United States is named as the market leader when it comes to global energy sector. Similarly, with increase in commercial and domestic consumers, it is also the biggest user of energy resources. The industry itself has various kinds of sub-fields such as renewable energy and fuel, oil and gas, coal and nuclear energy, industrial energy efficiency, smart grid etc. The energy sector of United States alone contributes $ 6billion in global energy market (SelectUSA-Energy, 2013). The employers in this field mainly perform integrated process, exploration and production, refining, marketing, pipeline, marine businesses, and service and supply. According to American Petroleum Institute (2013), â€Å" The industry also supports 9.2 million U.S. jobs and 7.3 percent of the U.S. economy, delivers $86 million a day in revenue to our government, and, since 2000, has invested over $2 trillion in U.S. capital projects to advance all forms of energy, including alternatives.†