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.
Economic Environment - International Business - Manu Melwin Joymanumelwin
Economic conditions, economic policies and the economic system are the important external factors that constitute the economic environment of a business. The economic conditions of a country-for example, the nature of the economy, the stage of development of the economy, economic resources, and the level of income, the distribution of income and assets, etc- are among the very important determinants of business strategies.
Nature and Purpose of Business || Part-1 || Business Study Class 11 ||KAIM
Concept of Business, Characteristics of Business, Objectives of Business: Economic Objectives, Social Objectives, Role of Profit in Business, comparison of business, profession and employment etc.
व्यवसाय की अवधारणा, व्यवसाय के लक्षण, व्यवसाय के उद्देश्य: आर्थिक उद्देश्य, सामाजिक उद्देश्य, व्यवसाय में लाभ की भूमिका, व्यवसाय, पेशे और रोजगार की तुलना आदि।
This is the First part of this topic.
Second Part coming soon....
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Disclaimer- Some contents are used for educational purpose under fair use. Copyrights Disclaimer under Section 107 of the Copyright Act 1976, allowance is made for: fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. All credit for copyright material used in video goes to respected owner.
Business Environment-Meaning, Importance, Environmental Factors, Recent Political Environment, Recent
Economic and Financial Environment, Planning In India-Planning Commision-Liberalisation and Planning,
Industrial Policy: New trade policy-1991 onwards, Industrial Licensing in India
A fantastic PPT on Business Environment. It gives the complete understanding of the concept of the Business Environment, its features, significance and its impact on the Indian Businesses. It also gives a description of LPG Policy 1991 and its impact. You will also find a concept of Demonetiszation.
This is part of our presentation for the paper 'Understanding Consumers in India' taken at Amity Business School, Noida. Our Presentation was based on the study done by Deloitte India for the same.
This is a presentation for our Paper Strategic Management at Amity Business School, Noida. The topic covered was the Ongoing crisis in Air India, and the possible ways to work around a solution for it. All aspects of management, including Finance, Operations, Marketing and HR was discussed.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
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Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
2. 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.”
In other words , business environment is individual and organisation that
exists outside the business and have influence direct and indirect to the
business.
3. Why study Business Environment??
The success of every business depends upon adapting itself to the environment
within which it functions.
For Example:
1. When there is a change in government policies, the business has to make the
necessary changes to adapt itself to the new policies.
2. Change in technology may render the existing products obsolete, introduction of
colour T.V television replaced the black and white T.V or introduction of
computers replaced type writers.
3. Introduction of Jeans affected traditional wear. Etc.
All these aspects are external factors that are beyond the control of business.
Hence it is very important to have a clear understanding of concepts of business
environment in order for business units to adapt themselves to the BE.
4. Importance Of Business Environment
Firm to identify Opportunities and getting the first mover advantage. E.g. Maruti for small cars.
Firms to identify threats and early warning signals. E.g.. Multinational entering Indian market.
Continuous learning: Environmental analysis makes the tasks of managers easier in dealing with
business challenges.
Image Building: By showing their sensitivity towards the environment. E.g. Captive power plants in
factories.
Meeting competition: It helps the firms to analyse the competitors strategies and formulate their
own strategies accordingly.
Identifying firms strengths and weaknesses.
5. Features Of Business Environment
a) Business environment is the sum of all factors external to the business firm and
that greatly influence their functioning.
b) It covers factors and forces like customers, competitors, suppliers, government
and the social, cultural, political, technological and legal conditions.
c) The business environment is dynamic in nature and it keeps on changing.
d) The changes of business environment are unpredictable. It is very difficult to
predict the exact nature of future happenings and the changes in economic
and social environment.
e) Business environment differs from place to place, country to country. Like
political conditions in India will differ from those in Pakistan.
6. Political factors affecting business
environment :
Political factors are the factors relating to policies and
nature of the government. Some of the factors are :
•Taxation Policy
•Regulatory framework
•Governmental stability
•Nature of government’s policies towards business- related
to taxation, regulation of business and industry
7. Retrospective taxation and GAAR spooked
investors as it was thought that it was a
disincentive for companies to do business in
India. Therefore, the implementation of GAAR
has been postponed to 2016 since the growth
rates are already low right now. And this policy
might slump the growth further by creating a
negative business environment
Regulatory framework and red tapism
According to World Bank,India is at 132th position in
terms of ease of doing business (out of 180 countries)
due to excessive regulations and red-tapism
Recently POSCO and Arcelor mittal pulled out their
projects out of Orissa due to these reasons
Examples :
8. Economic factors relate to the general
conditions of the economy within which a
firm/business operates.
These factors can be :
•Inflation
•Interest rates
•Growth rates
•Unemployment levels
•Levels of disposable incomes
•Whether the country is experiencing
boom/recession
9. Increasing disposable incomes would mean that
people would have greater demand for products.
Therefore, firms would respond to such increasing
incomes by expanding their businesses in such areas.
An increase in interest rates would mean increase in
borrowing costs for both consumers and firms. Therefore,
investments would be curtailed or postponed resulting in
lower growth rates for the entire economy
Examples :
10. SOCIO-CULTURAL ENVIRONMENT
1.A set of customs, beliefs, behaviour and practices that exists within a population.
2.Companies often include an examination of socio-cultural environment before
entering their target markets.
11. Factors which affect socio-cultural environment
1.Demographic factors
2.Attitude of people
3.Social responsibilities
4.Religion
5.Taste & Preference
6.Education
7.Family
8.Natural & Technological factors
9.Income & Lifestyle
12. Social culture adopted by Indians
1.Language : Sometimes a firm faces language problems like ford
faced when they introduced their truck brand named ‘fiera’ which
means ugly old woman in Spanish.
2.Taste & Preference : Taste & preference of a consumer also affects
a product’s demand, so companies have to modify their product
accordingly.
3. Dressing & Lifestyle: These factors also impact the demand for a
product.
4.Religion : Religious aspects also play a important role in creating &
deteriorating the demand for a product.
13. McDonalds made segment according to the
demographic in Indian societies.
McDonalds made their food according to religions in
India.
McDonalds believed in Total Quality Management.
They offer food at affordable and convenience rates
which gives direct benefit to them.
A company which benefited due to socio cultural environment
14. Legal Environment
This refers to the set of laws and regulations which influence the
business organisations. The important legislations that concern the
business enterprises include :
1.Companies act ,1956
2.Foreign exchange management act ,1999
3.Bureau of Indian standards act ,1986
4.Consumer protection act ,1986
5.Environment protection act
6.Prevention of foof adulteration act, 1956
7.Minimum wages act,1948
8.Right to information act,2005
9.Indian income tax act,1961
15. Legal factors can limit or change how a business operates. For
example :
1.A company may have to hire additional supervisory staff or
purchase safety equipment after a new health and safety law is
passed.
2.Child labour laws often limit the hours a minor can work and
require set break periods. If an organization employs several minors,
it may have to hire additional help to cover the hours when the
minors cannot legally work.
16. Economic Environment
Major 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.
17. 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.
18. 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.
19. 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.
20.
21. 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.
22. Microenvironment
Microenvironment is an internal part of a company.
These factors can be controlled by the company.
Micro environmental factors have much more direct impact on a
business environment.
Some factors are:
• Suppliers
• Marketing Intermediaries
• Customers
• Competitors
• Publics
23. SUPPLIERS
Suppliers provide products and services needed to add value to own
product and services.
These services must be provided on time and should meet ones
specifications of quality.
If requirements are not met then the production as well as the quality
suffers. It also changes the perception of a customer to some extent.
1) A supplier should be reliable.
2) There should be more than one supplier in a company.
IMPORTANT
24. The ‘TOYOTA’ Case
During 2009 – 2011 , Toyota had to recall
nearly 10 million vehicles all around Europe
as the accelerators were not working
properly.
It was because the supplier had supplied
faulty mechanical accelerators.
Due to the faulty accelerators there were
many accidents out of which nearly 37
were fatal and ended in death.
Out of 10 million cars nearly 7 million were
Toyota Camry and Corolla.
Toyota repaired all these cars and sent
them back to their owners , but they lost
the trust of the customers.
25. Market Intermediaries
Firms that aid the company in promoting, selling and distributing its goods to final
buyers.
Vital links between the company and the final consumers.
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”
26. Customers
The company must study its customer markets closely since each
market has its own special characteristics.
The least controllable of all.
New customers may be affected by any aspect of your business.
E.g. Toyota cars in year 2002 had issues with its clutch system. They recalled
the faulty cars and resolved the issue. It was expected because of this the
market share will fall for Toyota but nothing happened. Why??? Because
their previous experience with Toyota products or services means they're
more likely to opt for Toyota after the problem is resolved.
27. Competitors
Every company faces a wide range of competitors.
The competitors affect the business's profits by trying to take business away from
them.
Their activities affect business’s profits.
No single competitive strategy is best for all companies.
Companies must gain a strategic advantage by positioning their products and
services against their competitors in the minds of their customers.
It is all about positioning. Companies have to differentiate itself from your
competitors.
If a company provide better products for a lower cost -- and possibly faster -- than
its competition, then that company can compete with them in ways they may not be
able to match.
28. Publics
Publics are small groups of people who follow one or more particular issue very
closely. They are well informed about the issue(s) and also have a very strong opinion
on it/them.
In simple terms, a Public is any group of people that may have an real or potential
interest in or an impact on your business's ability to achieve its objectives.
Why should you care about Publics? It's simple. Publics can help, or hinder your
ability to get your message out to your customers, and collect value from them.
Publics can be categorized to :-
• Financial Publics
• Media Publics
• Government Publics
• Local Publics
• General Publics
• Internal Publics
30. Verbal & Written Information
Verbal information
includes, information
obtained by direct talk
with people, by attending
seminars, meetings, etc..
Written or documentary
information includes
both published and
unpublished materials
31. Search & Scanning
This involves research
for obtaining the
required information
Search for knowledge
and systematic
investigation to
establish facts
32. Spying
Working for an organization
by secretly collecting
information about enemies or
competitors.
Even though it is not
considered as ethical, spying
to get information about the
competitor is not uncommon.
Many renowned companies
have followed this technique.
33. 12 Ways to Legally Spy:
Read the local papers
Tap your vendors
Go to trade shows
Take a plant tour
Play secret shopper
Browse public documents
Google your competitor's website
Explore LinkedIn
Troll Twitter and Facebook chatter
Find competitors' job ads
See Who's on Quora
Check Slideshare
34. Forecasting & Formal Studying
Forecasting is the process of
making statements about events
whose actual outcomes
(typically) have not yet been
observed
Done by corporate planners or
other staff personnel or
consultants
This pertains to use the
information gathered by above
mentioned 3 methods for
picturing the future scenario.
35. Forecasting Steps
Identification of Relevant Environmental Variables
Collection of Information
Selection of Forecasting Technique
Monitoring