Other Trump Organization assets include interests in a Florida resort, a skyscraper in Seoul, South Korea, a string of golf courses, and the Miss Universe Organization, which runs the Miss USA, Miss Teen USA, and Miss Universe beauty pageants (Funding Universe).”The company is started and managed by Donald Trump, a University of Pennsylvania-Wharton School of Finance graduate and successful realtor-turned-media celebrity through his TV show “The Apprentice.” Founded in 1974, the Trump Organization is a private company and currently has 15,000 employees.The Trump Organization is affected by a number of external factors that influence its decisions both in terms of its operations and its response to the market. While the Trump Organization includes a diverse line of businesses, these businesses can be categorized into three major businesses: real estate–residential and commercial properties, hotel and gaming, media, and entertainment. These businesses where the Trump Organization has stakes are affected by factors which include political-legal, economic, socio-cultural, and technological trends that influence the behavior of the organization.Some of the political-legal trends that have an impact on the organization include government regulations such as relevant real estate laws, relevant taxation laws, and provisions for the real estate development industry. Among the economic trends that have a potential impact on the company’s operations include: the financial crunch in the US economy, which raises the risk for the highly-leveraged real estate business of Trump Organization. the recession which can result in lower demands for the product, especially a product like real estate. aside from lower demands, some businesses are going out of business which could result in high vacancies for the company. the stock market crash that could result in capital flight, which is applicable for the company’s publicly traded subsidiaries. and the overall down market for real estate because of the recession.