The document discusses the key components of a business environment, including its meaning, features, and dimensions. It defines business environment as the external forces outside a company's control that can influence its operations. The features described are that the environment includes all external forces, both specific and general, and that it is interrelated, uncertain, dynamic, complex, and relative. The dimensions discussed are the internal environment consisting of a company's resources, and the external macro and micro environments. The macro environment's dimensions are legal, political, economic, social, and technological factors. The micro environment consists of customers, suppliers, competitors, public stakeholders, and intermediaries.
Concept of international business environmentPinki Verma
Presentation on Concept of International Business Environment which includes:
1. Difference between International Business and International Business Environment
2.Difference between Domestic Business and International Business
3.Entry Modes of International Business
4.Nature of International Business
5.Advantages of International Business
6.Classification Of International Business Environment
(a) Micro and Macro Environment
(b) Domestic, Foreign and Global Environment
7.Components Of International Business Environment with examples.
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This is the one important component of business environment. technological environment is external environment which affects the business. it provides opportunities as well as threats to our business. so understanding of technological environment is important to business man.
Concept of international business environmentPinki Verma
Presentation on Concept of International Business Environment which includes:
1. Difference between International Business and International Business Environment
2.Difference between Domestic Business and International Business
3.Entry Modes of International Business
4.Nature of International Business
5.Advantages of International Business
6.Classification Of International Business Environment
(a) Micro and Macro Environment
(b) Domestic, Foreign and Global Environment
7.Components Of International Business Environment with examples.
To watch more ppt follow our channel.
This is the one important component of business environment. technological environment is external environment which affects the business. it provides opportunities as well as threats to our business. so understanding of technological environment is important to business man.
Certainly, I aim to provide a comprehensive understanding of the business environment, as well as strategies for business growth. In this article, we will delve into the precise meaning and core components of the business environment. We will also discuss its significance and the profound influence it wields on organizations.
By the end of this article, you will ideally have a firm grasp of this dynamic and multifaceted concept, eliminating the need for repetitive searches. The business environment is a complex concept characterized by various facets that collectively mold the operational landscape for organizations.
In 2024, its significance is underscored by its influence on business strategies and decision-making. The types of business environment encompass the macro environment, characterized by external factors like economic, political, technological, and socio-cultural influences. The microenvironment, on the other hand.
The business environment refers to the external factors and conditions influencing an organization's operations, performance, and decision-making. It includes a wide range of elements, both tangible and intangible, that can impact a company's ability to achieve its goals and objectives.
Businesses must continuously monitor and adapt to changes in the business environment to remain competitive and achieve their objectives. Failure to do so can lead to missed opportunities or decreased risk factors. Analyzing and understanding these external and internal factors is a fundamental aspect of strategic management and business planning.
Importance of Business Environment
Strategic Decision-Making: It guides businesses in making informed decisions, allowing them to align strategies with external realities.
Risk Management: A thorough understanding helps identify and mitigate risks, reducing potential negative impacts.
Opportunity Identification: Businesses can seize opportunities arising from changes in the environment, such as new market trends or emerging technologies.
Adaptation: It enables organizations to adapt to evolving circumstances, maintain competitiveness, and drive innovation.
Compliance: Understanding the legal and regulatory environment ensures that businesses operate within the confines of the law.
External environment factors are elements that exist outside of a company's internal environment that can affect a company's operations. These outside forces can help the business or present challenges to its current processes.
Business environment, concept, significance and nature of business environment, elements of environment, internal and external environment, changing dimensions of business environment, environmental scanning and monitoring, Economic environment of business, economic planning in India, industrial policy, fiscal policy, monetary policy, export& import policy, public sector and economic development, economic reforms, liberalization and structural adjustment programs.
Palestine last event orientationfvgnh .pptxRaedMohamed3
An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
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.
Ethnobotany and Ethnopharmacology:
Ethnobotany in herbal drug evaluation,
Impact of Ethnobotany in traditional medicine,
New development in herbals,
Bio-prospecting tools for drug discovery,
Role of Ethnopharmacology in drug evaluation,
Reverse Pharmacology.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
This is a presentation by Dada Robert in a Your Skill Boost masterclass organised by the Excellence Foundation for South Sudan (EFSS) on Saturday, the 25th and Sunday, the 26th of May 2024.
He discussed the concept of quality improvement, emphasizing its applicability to various aspects of life, including personal, project, and program improvements. He defined quality as doing the right thing at the right time in the right way to achieve the best possible results and discussed the concept of the "gap" between what we know and what we do, and how this gap represents the areas we need to improve. He explained the scientific approach to quality improvement, which involves systematic performance analysis, testing and learning, and implementing change ideas. He also highlighted the importance of client focus and a team approach to quality improvement.
4. Business Environment
The word ‘business environment’ indicates the aggregate total of all
people, organisations and other forces that are outside the power
of industry but that may affect its production. According to an
anonymous writer- “Just like the universe, withhold from it the
subset that describes the system and the rest is environment”.
Therefore, the financial, cultural, governmental, technological and
different forces which work outside an enterprise are part of its
environment. The individual customers or facing enterprises as well
as the management, customer groups, opponents, media, courts
and other establishments working outside an enterprise comprise
its environment.
6. Features of Business
Environment
1. All the external forces
2. Specific and general forces
3. Inter-relation
4. Uncertainty
5. Dynamic
6. Complex
7. Relativity
7. 1. All the external forces:Business Environment includes all the forces, institutions and factors which directly
or indirectly affect the Business Organizations.
2. Specific and general forces:Business environment includes specific forces such as investors, customers,
competitors and suppliers. Non-human or general forces are Social, Legal, Technological, Political, etc. which
affect the Business indirectly.
3. Inter-relation:All the forces and factors of Business Environment are inter-related to each other. For
example with inclination of youth towards western culture, the demand for fast food is increasing.
4. Uncertainty:It is very difficult to predict the changes of Business Environment. As environment is changing
very fast for example in IT, fashion industry frequent and fast changes are taking place.
5. Dynamic:Business environment is highly flexible and keep changing. It is not static or rigid that is why it is
essential to monitor and scan the business environment continuously.
6. Complex:It is very difficult to understand the impact of Business environment on the companies. Although
it is easy to scan the environment but it is very difficult to know how these changes will influence Business
decisions. Some-time change may be minor but it might have large impact. For example, a change in
government policy to increase the tax rate by 5% may affect the income of company by large amount.
7. Relativity:The impact of Business environment may differ from company to company or country to country.
For example, when consumer organisation CES published the report of finding pesticides in cold drinks,
resulted in decrease in sale of cold drinks, on the other hand it increased the sale of juice and other drinks.
10. Dimensions of Business Environment
• Dimensions of or the agents forming the business
environment involve economic, social, legal, technological
and political circumstances which are contemplated
properly for decision-making and enhancing the
achievement of the trading concern. In distinction to the
precise environment, these aspects manifest the prevailing
environment which often affects many companies at the
same time. However, the administration of every business
can profit from being informed of these dimensions rather
than being unbiased in them.
11. Internal Environment
Survival of a business depends upon its strengths and adaptability to the environment.
The internal strengths represent its internal environment. It consists of financial,
physical, human and technological resources. Financial resources represent financial
strength of the company. Funds are allocated over activities that maximise output at
minimum cost, that is, optimum allocation of financial resources.
Physical resources represent physical assets such as plant, machinery, building etc. that
convert inputs into outputs. Human resources represent the manpower with
specialised knowledge that performs the business activities.
The operative and managerial decisions are taken by the human resources.
Technological resources represent the technical know-how used to manufacture goods
and services. Internal environment consists of controllable factors that can be modified
according to needs of the external environment.
12. External Environment
The external environment consists of legal,
political, socio-cultural, demographic factors etc.
These are uncontrollable factors and firms adapt to
this environment. They adjust internal
environment with the external environment to take
advantage of the environmental opportunities and
strive against environmental threats.
14. Micro Environment
“The micro environment consists of factors in the
company’s immediate environment”. These factors affect
the performance of a company and its ability to serve the
customers. Micro environment consists of customers,
suppliers, competitors, public and market intermediaries.
16. Macro Environment
The macro environment consists of the
economic and non- economic variables that
provide opportunities and threats to firms. This
is largely uncontrollable and, therefore, firms
adjust their operations to these environmental
factors.
17. Macro Environment
It consists of following:
• Legal Environment
• Political Environment
• Economic Environment
• Social Environment
• Technological Environment
18. Legal Environment
It includes various laws passed by the government, administrative orders issued
by government authorities, court judgments as well as decisions rendered by
the central, state or local governments.
Understanding of legal knowledge is a pre-requisite for the smooth functioning
of business and industry.
Understanding the legal environment by business houses help them not to fall in
a legal tangle.
The legal environment includes various laws like Companies Act 2013, Consumer
Protection Act 1986, Policies relating to licensing & approvals, Policies related to
foreign trade etc.
Example: Labour laws followed by companies help them to keep away from
penalties.
19. Political Environment
It means that the actions were taken by the government
which potentially affect the routine activities of any business
or company on a domestic or at the global level.
The success of business and industry depends upon the
Government’s attitude towards the business and industry,
Stability of Government, Peace in the country.
Example: Political stability and central government’s
attitudes towards business, industry and employment, has
attracted many national and international business
entrepreneurs to invest in India.
20. Economic Environment
The economic environment consists of an economic system,
economic policies and economic conditions prevailing in a
country.
Interest Rates, Taxes, Inflation, Stock Market Indices, Value of
Rupee, Personal Disposable Income, Unemployment rate etc.
are the factors which affect the economic environment.
Example: A rise in the disposable income of people due to a
decrease in tax rates in a country creates more demand for
products.
21. Social Environment
It onsists of social forces like traditions, values, social trends, level of education, the
standard of living etc. All these forces have a vast impact on business.
Tradition: It refers to social practices that have lasted for decades, such as Ugadi,
Deepavali, Id, Christmas,etc.,
Impact: More demand during festivals provides opportunities for various businesses.
Values: It refers to moral principles prevailing in the society, such as Freedom of choice in
the market, Social Justice, Equality of opportunity, Non-discriminatory practices etc.
Impact: The organisations that believe in values maintain a good reputation in society and
find ease in selling their products.
Social Trends: It refers to a general change or development in the society, such as health
and fitness trend among urban dwellers.
Impact: Health and fitness trend has created demand for gyms, mineral water etc.
22. Technological Environment
It consists of scientific improvements and innovations which provide
new ways of producing goods, rendering services, new methods and
techniques to operate a business.
It is very important for a firm to understand the level of scientific
achievements of a particular economy before introducing its products.
Technological compatibility of products also drives the demand for
manufactured products by a company.
Example: E-commerce has changed the scenario of doing the business,
buying goods and availing services at the click of a mouse or through
mobile, Digital India initiative by the government and move towards a
paperless society.