The document discusses the definition and meaning of business environment. It states that business environment includes all internal and external factors that affect a company's operations, such as employees, customers, management, supply and demand, and business regulations. It also discusses some key features of business environment, including that it is the sum of all external factors influencing a business and that it is dynamic in nature and varies between locations. Finally, it outlines the importance of understanding the business environment for areas like image building, meeting competition, and identifying a firm's strengths and weaknesses.
Impact of Modern Retail and Foreign Direct Investment (FDI) - Prime Source Fo...Devangshu Dutta
There are two sides to the story: modern retail as the benefactor and modern retail as a scourge. Has there really been a change, any significant benefits accrued? How do people in the supply chain feel?
What are the changes taking place?
Assessment of the effect of Cost Leadership Strategy on the performance of L...inventionjournals
International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
Reviews the major alternatives open to business executives during mergers, and the associated post-merger returns for companies adopting each of the three main alternatives.
The research suggests that the choice of corporate brand strategy is value relevant, and may play an important role in facilitating a smooth process of post-merger integration.
-effective communication
-one way & two way communication
-internal and external communication
-different ways of communicating
-formal and informal communication
-communication nets
direction of communication and
-barriers to effective communication
Impact of Modern Retail and Foreign Direct Investment (FDI) - Prime Source Fo...Devangshu Dutta
There are two sides to the story: modern retail as the benefactor and modern retail as a scourge. Has there really been a change, any significant benefits accrued? How do people in the supply chain feel?
What are the changes taking place?
Assessment of the effect of Cost Leadership Strategy on the performance of L...inventionjournals
International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
Reviews the major alternatives open to business executives during mergers, and the associated post-merger returns for companies adopting each of the three main alternatives.
The research suggests that the choice of corporate brand strategy is value relevant, and may play an important role in facilitating a smooth process of post-merger integration.
-effective communication
-one way & two way communication
-internal and external communication
-different ways of communicating
-formal and informal communication
-communication nets
direction of communication and
-barriers to effective communication
GBS Sample 1Name_ID_GBS Task 1.pdf1 P a g e .docxshericehewat
GBS Sample 1/Name_ID_GBS Task 1.pdf
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Global Business Strategy
Level 7 - Unit 7.2
International Business
Environment Analysis.
Report – Activity 1
Revised 18 Sept 2015
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Contents
Section Details Page
Activity 1
Introduction Company profile 4
1a International business environment Analysis Techniques 4 – 7
1b Analysis of the micro and macro of Marks & Spencer‟s PLC 7 – 8
1c The impact of international business environment on Marks & Spencer‟s 8 – 9
1d What does globalization mean for Marks & Spencer‟s? 9 – 10
1a (2) What is the extent of globalization on organizations? 10
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1b (2) Operating structures different organizations in international markets. 10 – 11
References 12
Introduction
Marks & Spencer PLC was founded in 1884.It has grown from a single market stall to an
international multi-channel retailer. They sell stylish, high quality value clothing and home
products as well as food, responsibly sourced from around 3,000 suppliers globally. Their
portfolio covers general merchandise, food, international and multi-channel across 54
international territories with nearly 86,000 employees.(Marks and Spencer, 2014).
International business environment Analysis Techniques
Business environment is the combination of internal and external factors that influence a
company‟s operating situation and the overall business. It is both Micro and Macro in nature.
Micro or internal factors are controllable and could include management style, organizational
culture, mission and value statement. Whereas Macro or external factors are uncontrollable these
http://www.businessdictionary.com/definition/combination.html
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factors are often both dynamic & complex. Business environment factors can include new
policies, procedures, government changes, improvements in technology, social and economic
trends(Nonaka, I., and Takeuchi, H, 1995).The reason for analyzing the business environment is
to highlight opportunities and threats. Knowing the opportunities and threats to the business
allows the company to set a strong business strategy and understand better where to invest,
expand, diversify and downscale. There are a number of different tools we can use to analyse
both the Micro & Marco factors within a business.
Micro can be analysed with Porters 5 forces model.Porter identified that there are 5 key
forces that influence business that needed to be analysed in order to develop a competitive
advantage (Porter, 1985). These forces are supplier power, buyer power, competitive rivalry,
threat of substitution &threat of new entryand are used for strategic industry analysis. The
positives of using this technique to analyze is that it looks at a wider range of competitors and it
forces the business to look externally. However this is a relatively old model that may not be
suitable ...
ForwardThinking is a look ahead at the latest knowledge and insights available from Grant Thornton LLP. It includes a collection of our research, thought leadership and a schedule of upcoming webcasts and events.
All About "Business Environment" presented by Aditi WaliaAditi Walia
Hey guys, this presentation has a wide coverage of " Business Environment". It includes topics such as objectives of business,forces operating in business environment, relationship between an org and its environment, environment analysis, features and problems of the same as well, the components of business environment have been explained in detail along with illustrative diagrams ans self explanatory charts. Focus has been emphasized on clear cut presentation along with providing sneak peek into the deep knowledge about business environment.
Understanding There are many factors All these forces come under one word cal...Yashwanth Rm
Understanding the Business :
To understand any business the critical step is to explore all the factors related to business and properly judging its impact on the business. There are many factors and forces which have considerable impact on any business. All these forces come under one word called environment.
Strategic management contribute to :
develop competitive advances and reveals implementation practices and mechanisms of control
Allow a long-term alignment and a progressive environment strategy
Lead to globalization and strategic flexibility
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The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
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The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
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Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
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The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
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3. 3
DEFENITION AND MEANING
DEFINITION
The definition of business environment means all of the internal and
external factors that affect how the company functions including
employees, customers, management, supply and demand and business
regulations.
MEANING
The term ‘business environment’ connotes external forces, factors and
institutions that are beyond the control of the business and they affect
the functioning of a business enterprise. These include customers,
competitors, suppliers, government, and the social, political, legal and
technological factors etc.
4. 4
FEATURES OF BUSINESS ENVIRONMENT
Business environment is the sum total of all factors external to the
business firm and that greatly influence their functioning.
It covers factors and forces like customers, competitors, suppliers,
government, and the social, cultural, political, technological and legal
conditions.
The business environment is dynamic in nature, that means, it keeps
on changing.
5. 5
FEATURES OF
BUSINESSENVIRONMENT..
The changes in business environment are unpredictable. It is very
difficult to predict the exact nature of future happenings and the
changes in economic and social environment.
Business Environment differs from place to place, region to region
and country to country. Political conditions in India differ from those in
Pakistan. Taste and values cherished by people in India and China vary
considerably.
6. 6
IMPORTANCE
Image Building:
Environmental understanding helps the business organizations in improving
their image by showing their sensitivity to the environment within which they are
working. For example, in view of the shortage of power, many companies have
set up Captive Power Plants (CPP) in their factories to meet their own
requirement of power.
Meeting Competition
It helps the firms to analyze the competitors’ strategies and formulate their
own strategies accordingly. (f) Identifying Firm’s Strength and Weakness: Business
environment helps to identify the individual strengths and weaknesses in view of
the technological and global developments.
7. 7
OBJECTIVES
Every business enterprise has certain objectives which regulate and
generate its activities. Objectives are needed in every area where
performance and results directly affect survival and prosperity of a
business. The vision of Infosys
“To be globally respected corporation that provides best-of-breed
business solutions, leveraging technology, vendors and society at large.”
8. 8
ROBOSOFT TECHNOLOGIES VISION
Creating memorable products for the world market by attracting and
empowering the best minds MISSION To consistently win best-of- show and
best-of-class awards for our products PURPOSE To artistically design,
professionally develop, attentively test software & hardware products to
make them easily accessible to millions of consumers which, in turn, will give
the best to our people & customers
Rob soft Technologies is an Indian information technology company
which provides software product development services. Rob soft was
founded in 1996 by Reith Bhatt, who established the company to develop
software products for theme market. The company's Corporate Office is
located in Santhekatte near Dupe on National Highway 66.
9. 9
Economic objectives
Economic objectives Business is basically an economic activity.
Therefore, its primary objectives are economic in nature. The main
economic objectives of business are as follows
(I) Earning profits
(ii) Creating customers
(iii) Innovations
10. 10
HUMAN OBJECTIVES
Business is run by people and for people. Labor is a valuable human
element in business. Human objectives of business are concerned with
the well-being of labor. These objectives help in achieving economic and
social objectives of business
Labor welfare Developing human resources
Participative management Labor management cooperation
11. 11
common entry barriers
The common entry barriers Important are
Government Policy
Economies Of Scale
Cost Disadvantages Independent Of Scale
Product Differentiation
Monopoly Elements
Capital Requirements
12. 12
BARGAINING POWER OF BUYERS
The determinants of the buyer power, explained by Porter, are the
following
The volume of purchase relative to the total sale of the seller.
The importance of the product to the buyer in terms of the total cost.
The extent of standardization or differentiation of the product.
Switching costs.
13. 13
BARGAINING POWER OF BUYERS
Profitability of the buyer (low profitability tends to pressure costs
down).
Potential for backward integration by buyer.
Importance of the industry’s product with respect to the quality of the
buyer’s product or services. 8.Extent of buyers' information.
14. 14
STRATEGIC GROUPS
According to Porter, “a strategic group is the group of firms in an
industry following the same or similar strategy along the strategic
dimensions’’. Normally , a small number of strategic groups capture the
essential strategic differences among firms in the industry although one
may even think of the extreme cases of an industry having only one
strategic group on the one end and each firm in an industry amounting to
a strategic group on the other end.
15. 15
IMPLICATIONS OF STRATEGIC GROUPS
This concept has implications for industry analysis & identification of
opportunities & threats 1.A company’s immediate competitors are firms
within the same strategic group 2.The nature and intensity of competition &
business prospects vary from strategic group to group. 3.High mobility
barriers normally help insulate the group from new entrants and facilitate
high profitability. 4.Just like entry barriers, mobility barriers can change; &
as they do firms often abandon some strategic groups & jump into new
ones, changing the pattern of strategic group. 5.The competitive standing of
the different strategic groups would be different with respect to each of the
five competitive forces.
16. 16
LIMITATIONS OF PORTERIAN MODELS
Porter has recognized the role of innovation in revolutionizing industry
structure. Innovations, according to him, can unfreeze & reshape industry
structure. MICHAEL PORTER
ENVIRONMENTAL ANLYSIS & STRATEGIC MANAGEMENT
Chandler describes strategic management as “the determination of the
basic long-term goals & objectives of an enterprise & the adoption of
courses and allocation of resources necessary to carry out these goals”
Strategic management or business policy is, thus , the means to achieve the
organizational purpose