Business Environment
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Brief idea about what actually Business Environment mean and the types of Environment viz internal and external environment and limiting factors that affect BE. Add on is the Case study of Nokia giving an overview of business environment factors that led to its failure.
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Business Environment
Business Environment: Concept, Nature and Significance,
Environment Scanning: Meaning, Nature and scope, Process of Environment Scanning, Interaction between Internal and External Environment
Business Environment and its Components
The document discusses the different components of a business environment. It describes the business environment as consisting of internal and external factors. The internal environment refers to conditions within an organization that can be controlled by management, such as employees and organizational structure. The external environment consists of forces outside the organization's control that affect its performance, including the political-legal, economic, socio-cultural, and technological environment as well as specific industry forces like customers and competitors. Each component of the business environment is complex and dynamic, with the potential to significantly impact business operations.
INTERNAL ENVIRONMENT
The document discusses the internal environment of a business organization. It states that the internal environment includes factors that are under the control of the organization, such as its value system, management structure, human resources, company image, physical assets, research and development capabilities, and marketing and financial resources. It provides details on each of these internal factors, describing how they can influence the growth and success of the organization.
Firm which systematically analyzed and diagnose the environment
The document defines business and business environment. It discusses the characteristics, objectives, and importance of objectives for businesses. It also outlines some uses of analyzing the business environment, including being aware of environmental factors, identifying risks and opportunities, and its usefulness for managers. The conclusion states that firms that systematically analyze the environment are more effective than those that do not, as it allows them to anticipate opportunities and develop strategies to their advantage.
Human resource management
This document discusses human resource management in a changing environment. It defines HRM as making productive use of human resources to benefit both organizations and individuals. The scope of HRM is vast and includes activities like planning, recruitment, training, performance reviews, compensation, and industrial relations. Factors like globalization, technology, and workforce diversity are changing the role of HR from administrative to more strategic. An HRIS uses technology to store and analyze HR information. The environment affecting HRM includes internal factors like organizational culture and external factors like economic conditions, laws, and sociocultural influences.
Business Environment in Nepal and its importance
The document defines business environment as all internal and external factors that affect how a company operates, including employees, customers, management, supply and demand, and business regulations. It notes that the business environment provides opportunities to identify threats and opportunities for growth, helps companies learn continuously and build their image, meet competition, and identify their strengths and weaknesses. Understanding the business environment also allows companies to maintain stability and dynamism by adapting to changes.
External Environment | Business Environment
The document discusses the external environment that affects businesses. It defines the external environment as factors outside a business's direct control that can indirectly influence it. The external environment is divided into the micro and macro environment.
The micro environment includes factors close to the business like customers, employees, suppliers, shareholders, media, and competitors that directly impact operations. The macro environment comprises broader forces like political, economic, social, technological, legal, environmental, and ethical factors influencing the context for a business. Both the micro and macro environments are important for a business to understand to adapt to its surroundings.
Internal Business Environment
The document discusses key aspects of an organization's internal business environment, including communicating its purpose through a mission statement to establish culture. It provides examples of effective mission statements and notes that a vision statement indicates where the business aims to be. The real corporate culture may differ from official statements and is best understood through direct observation of management style, employee relations, customer interactions and other indicators. Business ethics refer to the moral principles guiding decisions and actions, with socially responsible concerns for society.
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Business Environment
Business Environment: Concept, Nature and Significance,
Environment Scanning: Meaning, Nature and scope, Process of Environment Scanning, Interaction between Internal and External Environment
Business Environment and its Components
The document discusses the different components of a business environment. It describes the business environment as consisting of internal and external factors. The internal environment refers to conditions within an organization that can be controlled by management, such as employees and organizational structure. The external environment consists of forces outside the organization's control that affect its performance, including the political-legal, economic, socio-cultural, and technological environment as well as specific industry forces like customers and competitors. Each component of the business environment is complex and dynamic, with the potential to significantly impact business operations.
INTERNAL ENVIRONMENT
The document discusses the internal environment of a business organization. It states that the internal environment includes factors that are under the control of the organization, such as its value system, management structure, human resources, company image, physical assets, research and development capabilities, and marketing and financial resources. It provides details on each of these internal factors, describing how they can influence the growth and success of the organization.
Firm which systematically analyzed and diagnose the environment
The document defines business and business environment. It discusses the characteristics, objectives, and importance of objectives for businesses. It also outlines some uses of analyzing the business environment, including being aware of environmental factors, identifying risks and opportunities, and its usefulness for managers. The conclusion states that firms that systematically analyze the environment are more effective than those that do not, as it allows them to anticipate opportunities and develop strategies to their advantage.
Human resource management
This document discusses human resource management in a changing environment. It defines HRM as making productive use of human resources to benefit both organizations and individuals. The scope of HRM is vast and includes activities like planning, recruitment, training, performance reviews, compensation, and industrial relations. Factors like globalization, technology, and workforce diversity are changing the role of HR from administrative to more strategic. An HRIS uses technology to store and analyze HR information. The environment affecting HRM includes internal factors like organizational culture and external factors like economic conditions, laws, and sociocultural influences.
Business Environment in Nepal and its importance
The document defines business environment as all internal and external factors that affect how a company operates, including employees, customers, management, supply and demand, and business regulations. It notes that the business environment provides opportunities to identify threats and opportunities for growth, helps companies learn continuously and build their image, meet competition, and identify their strengths and weaknesses. Understanding the business environment also allows companies to maintain stability and dynamism by adapting to changes.
External Environment | Business Environment
The document discusses the external environment that affects businesses. It defines the external environment as factors outside a business's direct control that can indirectly influence it. The external environment is divided into the micro and macro environment.
The micro environment includes factors close to the business like customers, employees, suppliers, shareholders, media, and competitors that directly impact operations. The macro environment comprises broader forces like political, economic, social, technological, legal, environmental, and ethical factors influencing the context for a business. Both the micro and macro environments are important for a business to understand to adapt to its surroundings.
Internal Business Environment
The document discusses key aspects of an organization's internal business environment, including communicating its purpose through a mission statement to establish culture. It provides examples of effective mission statements and notes that a vision statement indicates where the business aims to be. The real corporate culture may differ from official statements and is best understood through direct observation of management style, employee relations, customer interactions and other indicators. Business ethics refer to the moral principles guiding decisions and actions, with socially responsible concerns for society.
Introduction to business environment slides
The document discusses the internal and external business environment. It defines the business environment as consisting of factors beyond an individual business's control that affect its operations. The internal environment includes factors within a business's control like personnel and resources. The external environment includes forces outside its control like customers, competitors, economic conditions, socio-cultural factors, political systems, and natural resources. It also describes how businesses must understand and adapt to changes in their various environments to succeed.
Business environment
This document provides an overview of business environment concepts. It defines business environment as consisting of internal and external factors that influence a company. The internal environment includes factors within a company's control like management and resources. The external environment includes macro factors like economic conditions and demographic trends, as well as micro factors like customers, competitors and suppliers that are outside a company's control. Understanding the business environment is important for identifying opportunities and threats to help companies adapt and make strategic decisions. Regular environmental scanning is also discussed as a way for companies to monitor changes in the external environment.
Internal Business Environment and Factors influence the internal environment
The document discusses the internal business environment and its factors. It defines the internal environment as comprising factors within a company that can impact its success and operations. It then outlines several key factors that influence the internal environment, including a company's value system, mission and objectives, organizational structure, corporate culture, human resources quality, labor unions, and physical/technological capabilities. Understanding the internal environment is important for companies to identify weaknesses and threats to reduce risks.
Business environment
The document defines business environment as the set of internal and external factors that influence business decisions. It discusses the micro environment comprising of factors within a business's direct control like suppliers, customers, and competitors. The macro environment includes uncontrollable external factors like economic, political, demographic, and technological conditions that also impact businesses. Understanding the business environment is significant for facilitating operations, identifying opportunities and threats, and developing long-term strategies and plans.
Chapter3
The document discusses organizational environments, including the external environment (general and task environments) and internal environment. The external environment includes broad forces outside an organization's control that shape its context, and specific groups like competitors, customers, and regulators that directly influence the organization. The internal environment encompasses owners, employees, culture, and other internal conditions within an organization's control. The document provides detailed descriptions of each component of the organizational environments.
Business Environment and Analysis
The document discusses business environmental analysis and its importance for strategic decision making. It defines business environment and explains that businesses operate in a unique environment and cannot function in isolation. The business environment includes internal factors that are controllable by the business as well as external factors from the macro and micro environment that are beyond the business's control. Conducting an analysis of the business environment is important for identifying opportunities and threats to help guide the business's growth strategy.
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This document discusses the business environment and its internal and external elements. The internal micro environment includes an organization's vision/mission, culture, structure, management/employees, suppliers, customers, stakeholders, competitors, and intermediaries. The external macro environment consists of natural, technological, social, economic, international, legal/political factors. Continuous monitoring of changes in the internal and external environment is important for management to plan, organize, lead, and measure performance as the environment and opportunities/threats evolve.
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Environmental scanning is the process of examining internal and external factors that influence an organization's performance. It identifies strengths, weaknesses, opportunities, and threats to answer what may come in the future and how it will impact the business. The process involves identifying influential factors, scanning them critically, analyzing their effects on different business levels, and forecasting the impact of environmental changes to enable identifying opportunities, tapping resources, coping with changes, and improving planning and performance.
Chapter 2 - the Firm and its Environment
The document discusses the internal and external business environments that can positively or negatively impact an organization's performance. It defines the general external environment as including economic, socio-cultural, politico-legal, demographic, technological, and world/ecological factors. The specific external environment includes stakeholders, customers, pressure groups, investors, and employees. The internal environment encompasses an organization's resources, R&D, production, procurement, and products/services. It also describes environmental scanning, organizational culture, economic development phases, types of business organizations, and competitive forces that influence industry competition.
Business enviroment
The document discusses the business environment and its various components. It defines the business environment as the set of external conditions including economic, social, political, and technological factors that are beyond a business's control but influence its operations. The business environment can be categorized into the micro environment comprising suppliers, customers, competitors, and other actors in close proximity to the business, and the macro environment consisting of broader forces like economic, political, social, and technological conditions affecting all businesses.
Business environment in nepal
The document provides an overview of the business environment in Nepal. It defines business environment according to various authors and outlines its key features and importance. The business environment is a complex, dynamic set of external social, legal, economic, political, and institutional factors that are outside a firm's control but affect its operations. Understanding the business environment helps firms identify opportunities and threats, direct growth, and meet competition. A business operates within a larger socio-economic system and is involved in an import-conversion-export process where it exchanges resources and information with its external environment.
Internal and external business environment
This document discusses the internal and external business environment. It defines the business environment as consisting of all external forces that affect a business outside of their control. It then describes the key features of the business environment and divides it into internal and external factors. The internal environment includes factors like management structure and values that a business can control. The external environment includes micro factors like customers and suppliers and macro factors like economic, social, political, and legal conditions that are outside a business's control.
Total environment of the firm 2
The document discusses the total environment of a firm, including its internal and external environments. It analyzes the firm's internal environment through a value chain analysis and resource-based view. This includes examining the firm's primary and support activities in the value chain as well as its tangible, intangible, and organizational resources. It then discusses analyzing the external environment, including environmental scanning, monitoring, forecasting, and a SWOT analysis. It outlines the general environment segments of demographics, sociocultural, political/legal, and technological factors.
Business Environment- Economics Perspective
The document discusses various aspects of business environment including why it is important to study business environment, key factors that comprise business environment, and techniques to analyze business environment. It notes that business environment includes political, economic, social, technological, legal, and other external factors that are outside a firm's control but can influence its operations. Understanding these factors helps businesses adapt to changes, identify opportunities/threats, and make strategic decisions. Common analysis techniques mentioned are verbal/written information, search/scanning, spying on competitors, and formal forecasting/studies.
Buisness Environment internal & external
The document summarizes the internal and external factors that influence a company's business environment. It describes the internal business environment as forces within a company like personnel, finance, and marketing. The external business environment includes political, economic, social and technological forces outside a company's control. The micro environment directly influences a company and includes consumers, suppliers, intermediaries, and competitors. The macro environment comprises broader sociological, natural, political, legal, and educational factors in the external environment that also impact companies.
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BE concepts & signifnce by ajay- ajaysnair@outlook
The business environment refers to the conditions surrounding a business that are uncontrollable but affect its operations. These include social, legal, economic, political, and institutional factors. A business is an open system that obtains resources from its environment and supplies goods and services back to the environment. The business environment consists of internal and external forces, with external forces coming from the national, regional, and international levels. It is important for businesses to understand changes in their environment in order to adapt successfully and ensure long-term survival by incorporating environmental insights into business planning.
EXTERNAL ENVIRONMENT
The document discusses the external environment that businesses operate within, including the micro and macro environments. The micro environment consists of suppliers, customers, marketing intermediaries, financiers, and the public. The macro environment includes economic, legal, technical, social/cultural, and political factors. Economic factors influence the business system and policies. Legal factors include applicable laws and court rulings. Technological factors determine the types of products, equipment, and quality used. Social and cultural factors shape values and work culture. Political factors relate to government policies toward and control/regulation of businesses. The external environment has indirect but significant influence on businesses.
Business environment
The document discusses the business environment and its components. The business environment refers to factors that influence business operations and includes the internal environment within a business and external environment outside a business. The internal environment includes organizational structure, values, vision/mission/objectives, and resources like human, financial, and physical resources. The external environment includes the micro environment of customers, suppliers, competitors etc and the macro environment of political, economic, social and technological conditions. Understanding the business environment is important for businesses to adapt and succeed.
Chapter 2 : Management And Organizational Environment
Based on the document, the external environment refers to factors, forces, situations, and events outside the organization that affect its performance. It is important because it poses constraints and challenges for managers. Specifically, the external environment impacts jobs and employment, the level of uncertainty organizations face, and their stakeholder relationships. Understanding and managing the external environment is crucial for organizational success.
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Introduction to business environment slides
The document discusses the internal and external business environment. It defines the business environment as consisting of factors beyond an individual business's control that affect its operations. The internal environment includes factors within a business's control like personnel and resources. The external environment includes forces outside its control like customers, competitors, economic conditions, socio-cultural factors, political systems, and natural resources. It also describes how businesses must understand and adapt to changes in their various environments to succeed.
Business environment
This document provides an overview of business environment concepts. It defines business environment as consisting of internal and external factors that influence a company. The internal environment includes factors within a company's control like management and resources. The external environment includes macro factors like economic conditions and demographic trends, as well as micro factors like customers, competitors and suppliers that are outside a company's control. Understanding the business environment is important for identifying opportunities and threats to help companies adapt and make strategic decisions. Regular environmental scanning is also discussed as a way for companies to monitor changes in the external environment.
Internal Business Environment and Factors influence the internal environment
The document discusses the internal business environment and its factors. It defines the internal environment as comprising factors within a company that can impact its success and operations. It then outlines several key factors that influence the internal environment, including a company's value system, mission and objectives, organizational structure, corporate culture, human resources quality, labor unions, and physical/technological capabilities. Understanding the internal environment is important for companies to identify weaknesses and threats to reduce risks.
Business environment
The document defines business environment as the set of internal and external factors that influence business decisions. It discusses the micro environment comprising of factors within a business's direct control like suppliers, customers, and competitors. The macro environment includes uncontrollable external factors like economic, political, demographic, and technological conditions that also impact businesses. Understanding the business environment is significant for facilitating operations, identifying opportunities and threats, and developing long-term strategies and plans.
Chapter3
The document discusses organizational environments, including the external environment (general and task environments) and internal environment. The external environment includes broad forces outside an organization's control that shape its context, and specific groups like competitors, customers, and regulators that directly influence the organization. The internal environment encompasses owners, employees, culture, and other internal conditions within an organization's control. The document provides detailed descriptions of each component of the organizational environments.
Business Environment and Analysis
The document discusses business environmental analysis and its importance for strategic decision making. It defines business environment and explains that businesses operate in a unique environment and cannot function in isolation. The business environment includes internal factors that are controllable by the business as well as external factors from the macro and micro environment that are beyond the business's control. Conducting an analysis of the business environment is important for identifying opportunities and threats to help guide the business's growth strategy.
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This document discusses the business environment and its internal and external elements. The internal micro environment includes an organization's vision/mission, culture, structure, management/employees, suppliers, customers, stakeholders, competitors, and intermediaries. The external macro environment consists of natural, technological, social, economic, international, legal/political factors. Continuous monitoring of changes in the internal and external environment is important for management to plan, organize, lead, and measure performance as the environment and opportunities/threats evolve.
Environmental scanning BBA I yr 2021
Environmental scanning is the process of examining internal and external factors that influence an organization's performance. It identifies strengths, weaknesses, opportunities, and threats to answer what may come in the future and how it will impact the business. The process involves identifying influential factors, scanning them critically, analyzing their effects on different business levels, and forecasting the impact of environmental changes to enable identifying opportunities, tapping resources, coping with changes, and improving planning and performance.
Chapter 2 - the Firm and its Environment
The document discusses the internal and external business environments that can positively or negatively impact an organization's performance. It defines the general external environment as including economic, socio-cultural, politico-legal, demographic, technological, and world/ecological factors. The specific external environment includes stakeholders, customers, pressure groups, investors, and employees. The internal environment encompasses an organization's resources, R&D, production, procurement, and products/services. It also describes environmental scanning, organizational culture, economic development phases, types of business organizations, and competitive forces that influence industry competition.
Business enviroment
The document discusses the business environment and its various components. It defines the business environment as the set of external conditions including economic, social, political, and technological factors that are beyond a business's control but influence its operations. The business environment can be categorized into the micro environment comprising suppliers, customers, competitors, and other actors in close proximity to the business, and the macro environment consisting of broader forces like economic, political, social, and technological conditions affecting all businesses.
Business environment in nepal
The document provides an overview of the business environment in Nepal. It defines business environment according to various authors and outlines its key features and importance. The business environment is a complex, dynamic set of external social, legal, economic, political, and institutional factors that are outside a firm's control but affect its operations. Understanding the business environment helps firms identify opportunities and threats, direct growth, and meet competition. A business operates within a larger socio-economic system and is involved in an import-conversion-export process where it exchanges resources and information with its external environment.
Internal and external business environment
This document discusses the internal and external business environment. It defines the business environment as consisting of all external forces that affect a business outside of their control. It then describes the key features of the business environment and divides it into internal and external factors. The internal environment includes factors like management structure and values that a business can control. The external environment includes micro factors like customers and suppliers and macro factors like economic, social, political, and legal conditions that are outside a business's control.
Total environment of the firm 2
The document discusses the total environment of a firm, including its internal and external environments. It analyzes the firm's internal environment through a value chain analysis and resource-based view. This includes examining the firm's primary and support activities in the value chain as well as its tangible, intangible, and organizational resources. It then discusses analyzing the external environment, including environmental scanning, monitoring, forecasting, and a SWOT analysis. It outlines the general environment segments of demographics, sociocultural, political/legal, and technological factors.
Business Environment- Economics Perspective
The document discusses various aspects of business environment including why it is important to study business environment, key factors that comprise business environment, and techniques to analyze business environment. It notes that business environment includes political, economic, social, technological, legal, and other external factors that are outside a firm's control but can influence its operations. Understanding these factors helps businesses adapt to changes, identify opportunities/threats, and make strategic decisions. Common analysis techniques mentioned are verbal/written information, search/scanning, spying on competitors, and formal forecasting/studies.
Buisness Environment internal & external
The document summarizes the internal and external factors that influence a company's business environment. It describes the internal business environment as forces within a company like personnel, finance, and marketing. The external business environment includes political, economic, social and technological forces outside a company's control. The micro environment directly influences a company and includes consumers, suppliers, intermediaries, and competitors. The macro environment comprises broader sociological, natural, political, legal, and educational factors in the external environment that also impact companies.
Business environment ppt @ bec doms mba 2009 10
The document provides an overview of the business environment, outlining key factors that influence business decisions such as government policies, economic conditions, socio-cultural trends, and global developments. It discusses characteristics of the Indian business environment, types of environments, environmental factors and forces driving industry competition. The strategic management process and common entry barriers in business are also summarized.
BE concepts & signifnce by ajay- ajaysnair@outlook
The business environment refers to the conditions surrounding a business that are uncontrollable but affect its operations. These include social, legal, economic, political, and institutional factors. A business is an open system that obtains resources from its environment and supplies goods and services back to the environment. The business environment consists of internal and external forces, with external forces coming from the national, regional, and international levels. It is important for businesses to understand changes in their environment in order to adapt successfully and ensure long-term survival by incorporating environmental insights into business planning.
EXTERNAL ENVIRONMENT
The document discusses the external environment that businesses operate within, including the micro and macro environments. The micro environment consists of suppliers, customers, marketing intermediaries, financiers, and the public. The macro environment includes economic, legal, technical, social/cultural, and political factors. Economic factors influence the business system and policies. Legal factors include applicable laws and court rulings. Technological factors determine the types of products, equipment, and quality used. Social and cultural factors shape values and work culture. Political factors relate to government policies toward and control/regulation of businesses. The external environment has indirect but significant influence on businesses.
Business environment
The document discusses the business environment and its components. The business environment refers to factors that influence business operations and includes the internal environment within a business and external environment outside a business. The internal environment includes organizational structure, values, vision/mission/objectives, and resources like human, financial, and physical resources. The external environment includes the micro environment of customers, suppliers, competitors etc and the macro environment of political, economic, social and technological conditions. Understanding the business environment is important for businesses to adapt and succeed.
Chapter 2 : Management And Organizational Environment
Based on the document, the external environment refers to factors, forces, situations, and events outside the organization that affect its performance. It is important because it poses constraints and challenges for managers. Specifically, the external environment impacts jobs and employment, the level of uncertainty organizations face, and their stakeholder relationships. Understanding and managing the external environment is crucial for organizational success.
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Internal Business Environment and Factors influence the internal environment
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BE concepts & signifnce by ajay- ajaysnair@outlook
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Chapter 2 : Management And Organizational Environment
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This document discusses conflict management and its impact on employee turnover and productivity in organizations. It begins with an introduction to the topic and definitions of different types of conflicts that can occur. It then discusses the costs and benefits of conflicts, as well as the positive and negative effects. The document also defines employee turnover and productivity, provides calculations for turnover, and lists factors that can impact productivity. Finally, it presents a case study of an architecture firm called Creators and discusses their management system, employee turnover rates, productivity levels, and recommendations for improvement.
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Business Environment
- 2. ▫ Dhruti Bhatia 62 ▫ Kanchan Dhobley 70 ▫ Manali Lade 86 ▫ Vipula Pandita 111 2
- 3. The term business environment connotes external forces, factors and institutions that are beyond the control of the business and they affect the functioning of business environment. 3
- 4. 4 Importance of business environment Identification of opportunities Identification of threats Giving direction for Growth Tapping useful resources Continuous learning Coping with rapid changes Image building Assistance in planning strategies and policy formation Helps in improving performance
- 5. 5 Nature of business environment Social Responsibility Approach System Approach Creative Approach
- 9. Unexpected Events No Sufficient Guarantee Too much of information Uncritical Faith 9
- 10. 10
- 11. 11