Business involves organized efforts by enterprises to supply goods and services to consumers for profit. It has multiple goals including profit, growth, customer satisfaction, and service to society. Business is characterized by constant change, large size, diversification, globalization, new technology, and intense competition. Both internal factors like management structure and external factors like government regulations and the economic environment influence business decisions. The external environment consists of micro factors like suppliers, customers and competitors, and macro factors like economic conditions, socio-cultural trends, and government policies, which are beyond a firm's control but impact its operations. Understanding both the internal and external business environment is crucial for strategic decision making.
Maximizing Your Streaming Experience with XCIPTV- Tips for 2024.pdfXtreame HDTV
In today’s digital age, streaming services have become an integral part of our entertainment lives. Among the myriad of options available, XCIPTV stands out as a premier choice for those seeking seamless, high-quality streaming. This comprehensive guide will delve into the features, benefits, and user experience of XCIPTV, illustrating why it is a top contender in the IPTV industry.
Skeem Saam in June 2024 available on ForumIsaac More
Monday, June 3, 2024 - Episode 241: Sergeant Rathebe nabs a top scammer in Turfloop. Meikie is furious at her uncle's reaction to the truth about Ntswaki.
Tuesday, June 4, 2024 - Episode 242: Babeile uncovers the truth behind Rathebe’s latest actions. Leeto's announcement shocks his employees, and Ntswaki’s ordeal haunts her family.
Wednesday, June 5, 2024 - Episode 243: Rathebe blocks Babeile from investigating further. Melita warns Eunice to stay clear of Mr. Kgomo.
Thursday, June 6, 2024 - Episode 244: Tbose surrenders to the police while an intruder meddles in his affairs. Rathebe's secret mission faces a setback.
Friday, June 7, 2024 - Episode 245: Rathebe’s antics reach Kganyago. Tbose dodges a bullet, but a nightmare looms. Mr. Kgomo accuses Melita of witchcraft.
Monday, June 10, 2024 - Episode 246: Ntswaki struggles on her first day back at school. Babeile is stunned by Rathebe’s romance with Bullet Mabuza.
Tuesday, June 11, 2024 - Episode 247: An unexpected turn halts Rathebe’s investigation. The press discovers Mr. Kgomo’s affair with a young employee.
Wednesday, June 12, 2024 - Episode 248: Rathebe chases a criminal, resorting to gunfire. Turf High is rife with tension and transfer threats.
Thursday, June 13, 2024 - Episode 249: Rathebe traps Kganyago. John warns Toby to stop harassing Ntswaki.
Friday, June 14, 2024 - Episode 250: Babeile is cleared to investigate Rathebe. Melita gains Mr. Kgomo’s trust, and Jacobeth devises a financial solution.
Monday, June 17, 2024 - Episode 251: Rathebe feels the pressure as Babeile closes in. Mr. Kgomo and Eunice clash. Jacobeth risks her safety in pursuit of Kganyago.
Tuesday, June 18, 2024 - Episode 252: Bullet Mabuza retaliates against Jacobeth. Pitsi inadvertently reveals his parents’ plans. Nkosi is shocked by Khwezi’s decision on LJ’s future.
Wednesday, June 19, 2024 - Episode 253: Jacobeth is ensnared in deceit. Evelyn is stressed over Toby’s case, and Letetswe reveals shocking academic results.
Thursday, June 20, 2024 - Episode 254: Elizabeth learns Jacobeth is in Mpumalanga. Kganyago's past is exposed, and Lehasa discovers his son is in KZN.
Friday, June 21, 2024 - Episode 255: Elizabeth confirms Jacobeth’s dubious activities in Mpumalanga. Rathebe lies about her relationship with Bullet, and Jacobeth faces theft accusations.
Monday, June 24, 2024 - Episode 256: Rathebe spies on Kganyago. Lehasa plans to retrieve his son from KZN, fearing what awaits.
Tuesday, June 25, 2024 - Episode 257: MaNtuli fears for Kwaito’s safety in Mpumalanga. Mr. Kgomo and Melita reconcile.
Wednesday, June 26, 2024 - Episode 258: Kganyago makes a bold escape. Elizabeth receives a shocking message from Kwaito. Mrs. Khoza defends her husband against scam accusations.
Thursday, June 27, 2024 - Episode 259: Babeile's skillful arrest changes the game. Tbose and Kwaito face a hostage crisis.
Friday, June 28, 2024 - Episode 260: Two women face the reality of being scammed. Turf is rocked by breaking
From the Editor's Desk: 115th Father's day Celebration - When we see Father's day in Hindu context, Nanda Baba is the most vivid figure which comes to the mind. Nanda Baba who was the foster father of Lord Krishna is known to provide love, care and affection to Lord Krishna and Balarama along with his wife Yashoda; Letter’s to the Editor: Mother's Day - Mother is a precious life for their children. Mother is life breath for her children. Mother's lap is the world happiness whose debt can never be paid.
Scandal! Teasers June 2024 on etv Forum.co.zaIsaac More
Monday, 3 June 2024
Episode 47
A friend is compelled to expose a manipulative scheme to prevent another from making a grave mistake. In a frantic bid to save Jojo, Phakamile agrees to a meeting that unbeknownst to her, will seal her fate.
Tuesday, 4 June 2024
Episode 48
A mother, with her son's best interests at heart, finds him unready to heed her advice. Motshabi finds herself in an unmanageable situation, sinking fast like in quicksand.
Wednesday, 5 June 2024
Episode 49
A woman fabricates a diabolical lie to cover up an indiscretion. Overwhelmed by guilt, she makes a spontaneous confession that could be devastating to another heart.
Thursday, 6 June 2024
Episode 50
Linda unwittingly discloses damning information. Nhlamulo and Vuvu try to guide their friend towards the right decision.
Friday, 7 June 2024
Episode 51
Jojo's life continues to spiral out of control. Dintle weaves a web of lies to conceal that she is not as successful as everyone believes.
Monday, 10 June 2024
Episode 52
A heated confrontation between lovers leads to a devastating admission of guilt. Dintle's desperation takes a new turn, leaving her with dwindling options.
Tuesday, 11 June 2024
Episode 53
Unable to resort to violence, Taps issues a verbal threat, leaving Mdala unsettled. A sister must explain her life choices to regain her brother's trust.
Wednesday, 12 June 2024
Episode 54
Winnie makes a very troubling discovery. Taps follows through on his threat, leaving a woman reeling. Layla, oblivious to the truth, offers an incentive.
Thursday, 13 June 2024
Episode 55
A nosy relative arrives just in time to thwart a man's fatal decision. Dintle manipulates Khanyi to tug at Mo's heartstrings and get what she wants.
Friday, 14 June 2024
Episode 56
Tlhogi is shocked by Mdala's reaction following the revelation of their indiscretion. Jojo is in disbelief when the punishment for his crime is revealed.
Monday, 17 June 2024
Episode 57
A woman reprimands another to stay in her lane, leading to a damning revelation. A man decides to leave his broken life behind.
Tuesday, 18 June 2024
Episode 58
Nhlamulo learns that due to his actions, his worst fears have come true. Caiphus' extravagant promises to suppliers get him into trouble with Ndu.
Wednesday, 19 June 2024
Episode 59
A woman manages to kill two birds with one stone. Business doom looms over Chillax. A sobering incident makes a woman realize how far she's fallen.
Thursday, 20 June 2024
Episode 60
Taps' offer to help Nhlamulo comes with hidden motives. Caiphus' new ideas for Chillax have MaHilda excited. A blast from the past recognizes Dintle, not for her newfound fame.
Friday, 21 June 2024
Episode 61
Taps is hungry for revenge and finds a rope to hang Mdala with. Chillax's new job opportunity elicits mixed reactions from the public. Roommates' initial meeting starts off on the wrong foot.
Monday, 24 June 2024
Episode 62
Taps seizes new information and recruits someone on the inside. Mary's new job
In the vast landscape of cinema, stories have been told, retold, and reimagined in countless ways. At the heart of this narrative evolution lies the concept of a "remake". A successful remake allows us to revisit cherished tales through a fresh lens, often reflecting a different era's perspective or harnessing the power of advanced technology. Yet, the question remains, what makes a remake successful? Today, we will delve deeper into this subject, identifying the key ingredients that contribute to the success of a remake.
Are the X-Men Marvel or DC An In-Depth Exploration.pdfXtreame HDTV
The world of comic books is vast and filled with iconic characters, gripping storylines, and legendary rivalries. Among the most famous groups of superheroes are the X-Men. Created in the early 1960s, the X-Men have become a cultural phenomenon, featuring in comics, animated series, and blockbuster movies. A common question among newcomers to the comic book world is: Are the X-Men Marvel or DC? This article delves into the history, creators, and significant moments of the X-Men to provide a comprehensive answer.
Panchayat Season 3 - Official Trailer.pdfSuleman Rana
The dearest series "Panchayat" is set to make a victorious return with its third season, and the fervor is discernible. The authority trailer, delivered on May 28, guarantees one more enamoring venture through the country heartland of India.
Jitendra Kumar keeps on sparkling as Abhishek Tripathi, the city-reared engineer who ends up functioning as the secretary of the Panchayat office in the curious town of Phulera. His nuanced depiction of a young fellow exploring the difficulties of country life while endeavoring to adjust to his new environmental factors has earned far and wide recognition.
Neena Gupta and Raghubir Yadav return as Manju Devi and Brij Bhushan Dubey, separately. Their dynamic science and immaculate acting rejuvenate the hardships of town administration. Gupta's depiction of the town Pradhan with an ever-evolving outlook, matched with Yadav's carefully prepared exhibition, adds profundity and credibility to the story.
New Difficulties and Experiences
The trailer indicates new difficulties anticipating the characters, as Abhishek keeps on wrestling with his part in the town and his yearnings for a superior future. The series has reliably offset humor with social editorial, and Season 3 looks ready to dig much more profound into the intricacies of rustic organization and self-awareness.
Watchers can hope to see a greater amount of the enchanting and particular residents who have become fan top picks. Their connections and the one of a kind cut of-life situations give a reviving and interesting portrayal of provincial India, featuring the two its appeal and its difficulties.
A Mix of Humor and Heart
One of the signs of "Panchayat" is its capacity to mix humor with sincere narrating. The trailer features minutes that guarantee to convey giggles, as well as scenes that pull at the heartstrings. This equilibrium has been a critical calculate the show's prosperity, resounding with crowds across different socioeconomics.
Creation Greatness
The creation quality remaining parts first rate, with the beautiful setting of Phulera town filling in as a scenery that upgrades the narrating. The meticulousness in portraying provincial life, joined with sharp composition and solid exhibitions, guarantees that "Panchayat" keeps on hanging out in the packed web series scene.
Expectation and Delivery
As the delivery date draws near, expectation for "Panchayat" Season 3 is at a record-breaking high. The authority trailer has previously created critical buzz, with fans enthusiastically anticipating the continuation of Abhishek Tripathi's excursion and the new undertakings that lie ahead in Phulera.
All in all, the authority trailer for "Panchayat" Season 3 recommends that watchers are in for another drawing in and engaging ride. Yet again with its charming characters, convincing story, and ideal mix of humor and show, the new season is set to enamor crowds. Write in your schedules and prepare to get back to the endearing universe of "Panchayat."
From Slave to Scourge: The Existential Choice of Django Unchained. The Philos...Rodney Thomas Jr
#SSAPhilosophy #DjangoUnchained #DjangoFreeman #ExistentialPhilosophy #Freedom #Identity #Justice #Courage #Rebellion #Transformation
Welcome to SSA Philosophy, your ultimate destination for diving deep into the profound philosophies of iconic characters from video games, movies, and TV shows. In this episode, we explore the powerful journey and existential philosophy of Django Freeman from Quentin Tarantino’s masterful film, "Django Unchained," in our video titled, "From Slave to Scourge: The Existential Choice of Django Unchained. The Philosophy of Django Freeman!"
From Slave to Scourge: The Existential Choice of Django Unchained – The Philosophy of Django Freeman!
Join me as we delve into the existential philosophy of Django Freeman, uncovering the profound lessons and timeless wisdom his character offers. Through his story, we find inspiration in the power of choice, the quest for justice, and the courage to defy oppression. Django Freeman’s philosophy is a testament to the human spirit’s unyielding drive for freedom and justice.
Don’t forget to like, comment, and subscribe to SSA Philosophy for more in-depth explorations of the philosophies behind your favorite characters. Hit the notification bell to stay updated on our latest videos. Let’s discover the principles that shape these icons and the profound lessons they offer.
Django Freeman’s story is one of the most compelling narratives of transformation and empowerment in cinema. A former slave turned relentless bounty hunter, Django’s journey is not just a physical liberation but an existential quest for identity, justice, and retribution. This video delves into the core philosophical elements that define Django’s character and the profound choices he makes throughout his journey.
Link to video: https://youtu.be/GszqrXk38qk
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Tom Selleck Net Worth: A Comprehensive Analysisgreendigital
Over several decades, Tom Selleck, a name synonymous with charisma. From his iconic role as Thomas Magnum in the television series "Magnum, P.I." to his enduring presence in "Blue Bloods," Selleck has captivated audiences with his versatility and charm. As a result, "Tom Selleck net worth" has become a topic of great interest among fans. and financial enthusiasts alike. This article delves deep into Tom Selleck's wealth, exploring his career, assets, endorsements. and business ventures that contribute to his impressive economic standing.
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Early Life and Career Beginnings
The Foundation of Tom Selleck's Wealth
Born on January 29, 1945, in Detroit, Michigan, Tom Selleck grew up in Sherman Oaks, California. His journey towards building a large net worth began with humble origins. , Selleck pursued a business administration degree at the University of Southern California (USC) on a basketball scholarship. But, his interest shifted towards acting. leading him to study at the Hills Playhouse under Milton Katselas.
Minor roles in television and films marked Selleck's early career. He appeared in commercials and took on small parts in T.V. series such as "The Dating Game" and "Lancer." These initial steps, although modest. laid the groundwork for his future success and the growth of Tom Selleck net worth. Breakthrough with "Magnum, P.I."
The Role that Defined Tom Selleck's Career
Tom Selleck's breakthrough came with the role of Thomas Magnum in the CBS television series "Magnum, P.I." (1980-1988). This role made him a household name and boosted his net worth. The series' popularity resulted in Selleck earning large salaries. leading to financial stability and increased recognition in Hollywood.
"Magnum P.I." garnered high ratings and critical acclaim during its run. Selleck's portrayal of the charming and resourceful private investigator resonated with audiences. making him one of the most beloved television actors of the 1980s. The success of "Magnum P.I." played a pivotal role in shaping Tom Selleck net worth, establishing him as a major star.
Film Career and Diversification
Expanding Tom Selleck's Financial Portfolio
While "Magnum, P.I." was a cornerstone of Selleck's career, he did not limit himself to television. He ventured into films, further enhancing Tom Selleck net worth. His filmography includes notable movies such as "Three Men and a Baby" (1987). which became the highest-grossing film of the year, and its sequel, "Three Men and a Little Lady" (1990). These box office successes contributed to his wealth.
Selleck's versatility allowed him to transition between genres. from comedies like "Mr. Baseball" (1992) to westerns such as "Quigley Down Under" (1990). This diversification showcased his acting range. and provided many income streams, reinforcing Tom Selleck net worth.
Television Resurgence with "Blue Bloods"
Sustaining Wealth through Consistent Success
In 2010, Tom Selleck began starring as Frank Reagan i
Meet Crazyjamjam - A TikTok Sensation | Blog EternalBlog Eternal
Crazyjamjam, the TikTok star everyone's talking about! Uncover her secrets to success, viral trends, and more in this exclusive feature on Blog Eternal.
Source: https://blogeternal.com/celebrity/crazyjamjam-leaks/
As a film director, I have always been awestruck by the magic of animation. Animation, a medium once considered solely for the amusement of children, has undergone a significant transformation over the years. Its evolution from a rudimentary form of entertainment to a sophisticated form of storytelling has stirred my creativity and expanded my vision, offering limitless possibilities in the realm of cinematic storytelling.
4. Government Control
• To correct market failures in case of externalities
• To create stable business conditions (stimulate Aggregate
Demand) through monetary & fiscal regulation
• To provide Public goods
5. Globalization
• It is a phenomenon which permits mobility of factors of
production across globe except land.
• Refers to a process of deepening economic integration,
increasing economic and growing economic interdependence
between countries in the world economy.
6. BUSINESS CHALLENGES
Managing Bottom line
Meeting stakeholders expectations
Developing and retaining top talent
Creating a customer responsive organization
Market agility
Pricing and quality
7. What do you mean by Business
Environment???
The environment of any organization is “ the aggregate of all
conditions, events and influences that surround and affect it.”
Characteristics of Business Environment:
• Complex
• Dynamic
• Multi-faceted
• Far- reaching impact
8. Why Study Business
Environment
• Development of broad strategies to ensure
sustainability
• To foresee the impact of socio-economic
changes at the national and international levels
on firm’s ability
• Analysis of competitor’s strategies and
formulation of effective counter measures
• To keep oneself dynamic
9. BUSINESS ENVIRONMENT
Business environment may be defined as the set
of external and internal factors which affects the
decisions of business.
“Comprises of the complex factors, largely if not totally
beyond the control of management in which a particular
enterprise operates”.
The firms Success and survival is dependent on its inter-
linkages, synergy and its adaptability to the environment.
10. • Dynamic
• Uncertain
• Opportunity & Threat
• Internal & External factors
• Economic and Non Economic factors
Nature of Business Environment
11. TYPES OF ENVIRONMENT
1) INTERNAL ENVIRONMENT
2) EXTERNAL ENVIRONMENT
BUSINESS
DECISION
INTERNAL
FACTORS
EXTERNAL
FACTORS
12.
13. INTERNAL ENVIRONMENT
Important internal factors are
1) Value System
The value system of founders and those at the helm of affairs
has important bearing on the choice of business, the mission
and objectives of the organization, business policies and
practices.
2) Mission and Objectives
The business domain of the company , priorities , direction of
development, business philosophy, business policy etc. are
guided by the mission and objectives of the company
14. INTERNAL ENVIRONMENT
3) Management Structure and Nature
The organizational structure, the composition of the Board of
Directors, extent of professionalization of management etc.
are important factors influencing business decisions.
4) Internal Power Relationship
Factors like the amount of support the top management
enjoys from lower levels and workers, share holders and
Board of Directors have important influence on the decisions
and their implementation.
The relationship between the members of Board of Directors
is also a critical factor.
15. INTERNAL ENVIRONMENT
5) Human Resources
The characteristics of the human resources like skill, quality,
morale, commitment, attitudes etc. could contribute to the
strength and weakness of the organization.
The involvement, initiative etc. of the people at different
levels may vary from organization to organization.
6) Company Image and Brand Equity
The image of the company matters while raising finance,
forming joint ventures or other alliances, soliciting market
intermediaries, entering purchase or sale contracts ,
launching new products etc.
16. INTERNAL ENVIRONMENT
OTHER FACTORS
1. Physical Assets and Facilities
2. R&D and Technological Capabilities
3. Marketing Resources
4. Financial Factors
17. EXTERNAL ENVIRONMENT
Two Types
a) Micro Environment
Consists of actors in the company’s immediate environment, that
affects the performance of the company.
b) Macro Environment
Consists of larger societal forces that affect all the actors in
company’s micro environment.
18. MICROENVIRONMENT
Also known as task environment and operating environment
Include
The suppliers
Market intermediaries
Competitors
Customers
Publics
More intimately linked with the company than macro factors
The micro forces need not necessarily affect all the firms in a
particular industry in the same way.
Some of the micro factors are particular to a firm
19. suppliers
Those who supply the inputs to the company.
Source/Sources should be Reliable
Uncertainty regarding the supply or other supply constraints
compel companies to maintain high inventories causing cost
increases.
Very risky to depend on a single supplier
The purchasing department should “market” itself to suppliers,
to obtain favourable treatment during the periods of shortages.
20. customers
Major task of business is to create and sustain customers
Different categories of consumers
Individuals
Households
Industries and other commercial establishments
Government and other institutions
Depending on single customer is too risky
Choice of customer should be done by considering
Relative profitability
dependability
stability of demand
growth prospectus
extent of competition
21. competitors
A firm’s competitors include not only the other firms which market
the same or similar product but also all those who compete for the
income of the consumers
Desire competition- companies and organisations offering a product
that the consumer desires immediately.
Generic competition- products which are all different in type but are
capable of satisfying the same basic want of the prospective
purchaser. For example, the consumer may want to buy some new
kitchen appliances but must choose between a dishwasher, a
refrigerator and a microwave oven, fevistick and gluestick
Product form competition- includes only products or services of the
same product type
Brand competition- is the competition between the companies
offering the similar products or services in the same target market in
which the companies promote and develop differentiated products
and services frequently based on brands or labels.
22. Market intermediaries
Firms that aid the company in promoting, selling and
distributing its goods to final buyers.
Include
the middlemen and merchants who “help the company find
customers or close sales with them”
Physical distribution firms which “ assist the company in stocking
and moving goods from their origin to their destinations”
Marketing service agencies which “assist the company in
targeting and promoting its products to the right markets”
Financial intermediaries which “finance marketing activities and
insure business risks”
Vital links between the company and the final consumers.
23. public
Any group that has an actual or potential interest in or impact
on an organization’s ability to achieve its interests
E.g. Media publics, citizens action publics, local publics
Media attack on any company can influence the government
decisions affecting the company.
Environmental pollution is an issue often taken up by number
of local publics
Publics are not always threat to the business.
Fruitful cooperation between a company and the local publics
may be established for the mutual benefit.
24. MACRO ENVIRONMENT
• Macro environment of business means all
external factors which affects company and its
business and there is no control of company on
these factors.
25. MACRO ENVIRONMENT
Consists of larger societal forces that affect all the actors in
company’s micro environment-namely
the demographic,
economic,
natural,
technological,
political and
cultural forces
Also known as Societal Environment
The Societal Environment includes general forces that do not directly
touch on short-run activities of the organization but that can, and
often do, influence its long-run decisions.
26. Economic Environment
Important factors are:
Economic conditions
Economic policies
Economic systems
Economic condition
The economic conditions of a country –for example, the nature of
the economy, the stage of development of the economy, economic
resources, the level of income, the distribution of income and
assets, etc.- are among the very important determinants of business
strategies.
In a developing country, the low income may be the reason for the
very low demand for the product.
27. Economic Environment
Economic policies
Some types or categories of business are favourably affected by
government policy, some adversely affected, while it is neutral to some
others.
E.g. a restrictive import policy may greatly help the import competing
industries, while a liberalisation of the import policy may create
difficulties for such industries
Economic System
The scope of the private business depends on the economic system.
The freedom of the private enterprise is the greatest in the free market
economy.
28. Political & Government
Environment
Has close relationship with the economic system and economic
policy.
In many countries regulations to protect consumer interests
have become stronger.
Some governments specify certain standards for the products
to be marketed in the country; some even prohibit the
marketing of certain products.
Promotional activities are subject to various types of controls.
Eg: In India, Advertisement of alcoholic product is prohibited.
and the packages must carry “injurious to health” warnings
29. socio-cultural environment
Major factors are:
the buying and consumption habits of people,
their language beliefs and values,
customs and traditions,
tastes and preferences,
Education
Strategy should be appropriate in the socio-cultural
environment.
Eg: nestle brews a very large variety of instant coffee to satisfy
different national tastes
30. Even when people of different cultures use the same product;
the mode of consumption, conditions of use, purpose of use or
the perceptions of the product attributes may vary so much so
that the product attributes, method of presentation, positioning
or method of promoting the product may have to be varied to
suit the characteristics of different markets.
E.g.: Vicks Vaporub, the popular pain balm is used as mosquito
repellent in some tropical countries
31. Language difference pose a serious problem.
e.g.
In Japanese, General Motors’ “body by Fisher” means “Corpse by
fisher”
Colour
Blue: feminine and warm in Holland ; but masculine and cold in
Sweden
Green: favourite in Muslim world; but represents illness in
Malaysia
Red: popular in communist countries; but represents disaster in
Africa
White: death and mourning in China and Korea; but it expresses
happiness in some countries. Also it is the colour of bridal dress.
32.
33.
34. Demographic environment
Factors:
Size, growth rate, age composition, sex composition of
population, family size, educational levels, economic
stratification of the population, language, caste, religion, etc.
E.g.
Decline in birth rates in USA have affected the demand for
baby products. So Johnson &Johnson repositioned their
products like baby shampoo and baby oil, to the adult segment,
particularly to females.
35. Natural environment
Geological and ecological factors, such as natural resources
endowments, weather and climatic conditions, topographical factors,
location aspects in the global context, port facilities etc., are relevant
to business.
Differences in geographical conditions between markets may some
times call for changes in the marketing mix. Geographical and
Ecological factors also influence the location of certain industries.
E.g. industries with high material index tend to be located near the
raw material sources.
Topographical factors may affect the demand pattern
E.g.. In hilly areas with difficult terrain, jeeps may be in a greater
demand than cars.
Ecological factors have recently assumed great importance. The
depletion of natural resources, environmental pollution and the
disturbance of ecological balance have caused great concern.
36. Physical & technological
environment
Business prospects demands availability of certain physical facilities
E.g. demand for electrical appliances is affected by the extent of
electrification and the reliability of power supply.
Demand for LPG stoves depend on rate of growth of gas connections
differing technological environment of different markets may call for
product modifications
E.g. Many appliances are designed for 110 V in USA. They should be
converted for 240v in India
Technological developments may increase or decrease the demand
for some existing products
E.g. voltage stabilizers help increase in sale of electrical appliances in
markets characterised by frequent voltage fluctuations
Introduction of TVs, Refrigerators, etc. with in-built stabilizers
adversely affects the demand for voltage stabilizers.
37. International Environment
Particularly important for the industries directly depending on
imports or exports and import-competing industries
Recession, economic boom, liberalization
Major international developments have their spread effects on
domestic business.
E.g. Oil price hikes increased the cost of production and the prices
of certain products such as fertilizers , synthetic fibres. So usually,
the demand for natural fibres and manures increased.
Also demand for automobiles that economise energy consumption
got increased.
38. The oil crisis also promoted some companies to resort to
demarketing
“demarketing” refers to the process of cutting consumer
demand for a product back to the level that can be supplied by
the firm.
E.g. The Indian Oil Corporation have publicised tips on how to
cut oil consumption
39. Significance of B.E.
• Facilitates operations of the organization.
• Form the basis of long term policies, plans and strategies of
organization.
• Help organization in identifying & understanding its
competitors.
• Help the firms to expand & grow.
• In-cashing business opportunities
• Affect internal control
40. Significance of B.E.
• Optimize scare resources
• Market relevant technology development
• Avoiding threats
• Competitors analysis, Sustainable competitive advantage
• Monitoring and forecasting
• Strategy formulation
• Power relationships and lobbying
• International trade