The document discusses business environments and their importance for business success. It defines business environment as comprising all external factors that influence a business. It identifies various macro and micro environmental factors that businesses must adapt to, including political, economic, social, technological, legal, and competitive factors. The macro environment comprises broader societal and industry influences that are beyond any single business's control, while the micro environment consists of internal and controllable factors specific to a firm. Understanding the business environment is crucial for identifying opportunities and threats as well as formulating effective business strategies.
The document discusses various aspects of business environment including why it is important to study business environment, features of business environment, and factors affecting business environment such as political, economic, socio-cultural, technological, legal, and physical factors. It also discusses microenvironment factors including suppliers, customers, competitors, and market intermediaries. Understanding business environment is critical for businesses to adapt to changes, identify opportunities and threats, and make appropriate business decisions.
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
Rolls-Royce Motor Cars Ltd (RR) manufactures and distributes luxury automobiles globally. The document analyzes how political, economic, social and technological factors impact RR. It finds that the Conservative party best supports RR's growth through tax cuts and reduced regulations to allow expansion. However, environmental policies from other parties pose challenges to RR's carbon footprint. Intercultural communication is also vital as 90% of RR's sales are international.
The document discusses the business environment and its various components. It describes the internal environment including resources, objectives, and management. It also analyzes the external/macro environment including political, economic, social, technological, environmental, and legal factors. Specific examples are provided to illustrate how these environmental factors impact business decisions and operations in areas like product offerings, market entry, and agricultural practices.
The document discusses the challenges facing micro, small and medium enterprises (MSMEs) in India. It notes that MSMEs account for a large share of India's GDP, exports and employment but 20,000 MSME owners commit suicide every year due to business failures and insolvency. MSMEs face issues like lack of access to formal sources of financing, high costs of doing business, and an inability to access new technologies or markets. If left unaddressed, the widespread failure of MSMEs could have serious negative socioeconomic impacts, including job losses, rising non-performing assets for banks, and less innovation. The document calls for practical solutions like improving MSME access to credit, developing revival packages for
This document discusses Micro, Small, and Medium Enterprises (MSMEs) in India. It defines MSMEs based on the MSME Act of 2006 and its 2015 amendment. MSMEs are classified by investment size in plant and machinery for manufacturing enterprises or equipment for service enterprises. The document outlines the key roles and importance of MSMEs in India, including employment generation, exports, and contribution to GDP. However, it also notes challenges faced by MSMEs such as lack of access to capital, technology, raw materials, and infrastructure.
1. The survey found that rising costs and inflation, exploring new markets, and improving productivity were the top concerns of Kenyan businesses over the next 12 months.
2. Most respondents believed the government's economic restructuring was occurring too slowly and that initiatives have yet to impact businesses. They called for more emphasis on export promotion and initiatives to encourage innovation.
3. Respondents felt that tax and monetary incentives as well as infrastructure investments in areas like transport and energy were most needed to keep Kenya competitive internationally.
The document discusses various aspects of business environment including why it is important to study business environment, features of business environment, and factors affecting business environment such as political, economic, socio-cultural, technological, legal, and physical factors. It also discusses microenvironment factors including suppliers, customers, competitors, and market intermediaries. Understanding business environment is critical for businesses to adapt to changes, identify opportunities and threats, and make appropriate business decisions.
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
Rolls-Royce Motor Cars Ltd (RR) manufactures and distributes luxury automobiles globally. The document analyzes how political, economic, social and technological factors impact RR. It finds that the Conservative party best supports RR's growth through tax cuts and reduced regulations to allow expansion. However, environmental policies from other parties pose challenges to RR's carbon footprint. Intercultural communication is also vital as 90% of RR's sales are international.
The document discusses the business environment and its various components. It describes the internal environment including resources, objectives, and management. It also analyzes the external/macro environment including political, economic, social, technological, environmental, and legal factors. Specific examples are provided to illustrate how these environmental factors impact business decisions and operations in areas like product offerings, market entry, and agricultural practices.
The document discusses the challenges facing micro, small and medium enterprises (MSMEs) in India. It notes that MSMEs account for a large share of India's GDP, exports and employment but 20,000 MSME owners commit suicide every year due to business failures and insolvency. MSMEs face issues like lack of access to formal sources of financing, high costs of doing business, and an inability to access new technologies or markets. If left unaddressed, the widespread failure of MSMEs could have serious negative socioeconomic impacts, including job losses, rising non-performing assets for banks, and less innovation. The document calls for practical solutions like improving MSME access to credit, developing revival packages for
This document discusses Micro, Small, and Medium Enterprises (MSMEs) in India. It defines MSMEs based on the MSME Act of 2006 and its 2015 amendment. MSMEs are classified by investment size in plant and machinery for manufacturing enterprises or equipment for service enterprises. The document outlines the key roles and importance of MSMEs in India, including employment generation, exports, and contribution to GDP. However, it also notes challenges faced by MSMEs such as lack of access to capital, technology, raw materials, and infrastructure.
1. The survey found that rising costs and inflation, exploring new markets, and improving productivity were the top concerns of Kenyan businesses over the next 12 months.
2. Most respondents believed the government's economic restructuring was occurring too slowly and that initiatives have yet to impact businesses. They called for more emphasis on export promotion and initiatives to encourage innovation.
3. Respondents felt that tax and monetary incentives as well as infrastructure investments in areas like transport and energy were most needed to keep Kenya competitive internationally.
Vela Moyo is a 22-year-old male student currently in his third year studying for a Bachelor of Education degree with majors in Mathematics and Economics at the University of Johannesburg. He also works part-time as a waiter. As a student of education, he has a strong interest in technology and how it can be used to enhance teaching. He is passionate about helping young people lead successful lives.
Ramie Jane butterfly is rarely found in the world wide, and especailly, to look at its whole life. Now the area is destroyed by city expanding, we call for all of you to concerning on its existing in the world, and whose can help in financial supporting to let people know how to protect them.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive function. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms for those who already suffer from conditions like depression and anxiety.
This document discusses socio-cultural challenges to violence prevention programs in Central America. It summarizes that there are differences in culture, language, economic development and impact of war across communities in Guatemala, Nicaragua, El Salvador and Honduras where the Miles de Manos violence prevention program operates. It notes some key cultural factors to consider include indigenous Mayan spirituality and worldviews, nuances in communication styles, the influence of older generations' practices in child rearing, and the challenges faced by both indigenous and mestizo teachers from rural areas.
The document discusses the solar energy industry in India. It notes that India has significant solar energy potential due to its location and climate, but currently solar contributes less than 0.1% of total energy capacity. The government has implemented various initiatives and policies to promote growth of the solar industry, including setting up agencies focused on renewable energy and providing subsidies. The key regions for solar potential are Rajasthan and Gujarat due to the available land area and solar irradiance levels. The government aims to increase solar usage to help address India's growing energy demand-supply gap.
This document summarizes a study on the service quality of Minda Nexgen Ltd. in government projects. It was conducted by Prasanna. S as part of their Master of Business Administration degree program at Panimalar Engineering College. The study examined Minda Nexgen's quality, services, pricing, and strategies for government projects in comparison to other companies. It utilized descriptive research methods like questionnaires and company records to collect data over a period of one month. The findings suggest that many beneficiaries want Minda to improve service quality and reduce defects to gain more government projects. In conclusion, the study evaluated Minda Nexgen's performance on government contracts and provided suggestions.
Massive Open Online Courses (MOOCs) are free online courses designed for large numbers of students from around the world. MOOCs emerged from the open educational resources movement in 2008. They allow anyone with an internet connection to access courses from top universities. There are two main types of MOOCs - C-MOOCs focus on connection and interaction between students, while X-MOOCs have a more traditional course structure. Business studies is a popular subject area for MOOCs, with courses available in topics like marketing, entrepreneurship, human resources, and operations management. MOOCs provide opportunities for lifelong learning on various business topics.
The document discusses the business environment and its various components. It defines the business environment as consisting of economic, social, political, and institutional conditions that directly or indirectly influence business operations. The business environment includes three types - the microenvironment comprising suppliers, customers and competitors; the market environment of intermediaries, consumers and suppliers; and the macroenvironment involving economic, political, technological and social factors. The internal business environment refers to factors within a business like economic, social and cultural aspects, while the external environment consists of micro and macro level influences outside the company's control.
Thermal imaging camera enpower night visionFrank Fei
Thermal imaing camera, Binocular, monocular product enpower human vision in security surveillance, preventive,protective maintenance industry application, mass screening in airport, seaport, shopping mall, it can be also used in HVAC industry to save energy.
A photography document from July 2013 features a picture of a Mandarin duck taken by Frank Fei. The picture is titled "Freedom & No Worry" and depicts the Mandarin duck in a carefree state.
Thermal imaging camera enpower night visionFrank Fei
Thermal imaging camera, binocular, monocular for security surveillance, preventive, protective mantainance applications, as well as mass screening against any fever spector caused by virus.
The document discusses the stages of the business cycle, including peak, trough, expansion, and recession. It explains that economies experience repeated fluctuations through these turning points. It also outlines some of the key features of economies in expansion and recessionary phases, such as levels of economic activity, employment, spending, inflation, and interest rates. Finally, it discusses different types of business cycles including Kitchin cycles, Kuznets cycles, Jugler cycles, and Kondratief cycles which vary in length and causal factors.
This document discusses the concepts of scarcity, wants, and needs in economics. It begins by outlining three basic economic questions about what to produce, how to produce it, and for whom. It then defines key concepts like scarcity, choice, and opportunity cost. The document notes that resources are limited while wants and needs are unlimited, forcing societies to make choices. It explains that scarcity means not all goods and services can be produced, and that choices must be made between alternatives. The circular flow of the economy and production possibility frontier are also introduced. The document emphasizes that scarcity is a permanent reality and differs from shortages, which are temporary. It concludes by distinguishing between wants and needs from an economist's perspective.
The document discusses various aspects of business environment including what it means, why it is important to study, its features, and factors that comprise it. The business environment refers to all external forces that can impact a business and includes political, economic, social, technological, legal, and environmental factors. Understanding the business environment is crucial for companies to adapt to changes, identify opportunities and threats, and make informed business decisions. The environment is dynamic and varies across locations so continuous monitoring and analysis is required.
The document discusses various aspects of business environment including its definition, importance of studying it, features, and factors like political, economic, socio-cultural, legal, physical/technological, and microenvironment. It defines business environment as the aggregate conditions surrounding and influencing a business. Understanding the business environment is important for a firm to adapt to changes, identify opportunities/threats, and meet competition. The environment is dynamic and varies between locations. Key factors discussed include government policies, economic conditions, social and cultural practices, laws and regulations, available infrastructure, and internal stakeholders like suppliers and customers. Examples are provided to illustrate how different factors can impact businesses.
Business Environment- Economics PerspectiveKannan karthik
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.
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.
The document discusses various external influences on businesses:
1. Businesses are affected by factors outside their control such as economic, legal, political, social, technological and environmental conditions. Successful managers understand how these external influences impact their operations.
2. Key external influences include economic conditions, interest rates, competition in the market, laws and regulations, demographic changes, globalization, and technological innovations.
3. Managers must consider how changes in the external environment could present opportunities or threats and respond appropriately to maximize benefits and mitigate risks to the business.
1. The document defines business environment as the external forces that influence business decisions including economic, social, political, and technological factors outside a business's control.
2. It identifies key components of the general business environment including the economic, social, political, legal, and technological environments. The economic environment includes factors like GDP, inflation, and interest rates.
3. After economic reforms in India in 1991, the government liberalized, privatized, and opened the economy to globalization. This increased competition from foreign and private firms and forced businesses to change, innovate, and improve performance.
The document provides an overview of business environment and techniques for analyzing it. It defines business environment as the collection of internal and external factors that influence a business. It discusses various components of the business environment including economic, political, social, technological, natural, and legal factors. It also describes different tools for analyzing the environment like SWOT analysis, PESTEL analysis, Porter's Five Forces, industry analysis, market research, and expert opinion. The key techniques covered for environmental scanning are ad-hoc, regular, and continuous scanning.
Vela Moyo is a 22-year-old male student currently in his third year studying for a Bachelor of Education degree with majors in Mathematics and Economics at the University of Johannesburg. He also works part-time as a waiter. As a student of education, he has a strong interest in technology and how it can be used to enhance teaching. He is passionate about helping young people lead successful lives.
Ramie Jane butterfly is rarely found in the world wide, and especailly, to look at its whole life. Now the area is destroyed by city expanding, we call for all of you to concerning on its existing in the world, and whose can help in financial supporting to let people know how to protect them.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive function. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms for those who already suffer from conditions like depression and anxiety.
This document discusses socio-cultural challenges to violence prevention programs in Central America. It summarizes that there are differences in culture, language, economic development and impact of war across communities in Guatemala, Nicaragua, El Salvador and Honduras where the Miles de Manos violence prevention program operates. It notes some key cultural factors to consider include indigenous Mayan spirituality and worldviews, nuances in communication styles, the influence of older generations' practices in child rearing, and the challenges faced by both indigenous and mestizo teachers from rural areas.
The document discusses the solar energy industry in India. It notes that India has significant solar energy potential due to its location and climate, but currently solar contributes less than 0.1% of total energy capacity. The government has implemented various initiatives and policies to promote growth of the solar industry, including setting up agencies focused on renewable energy and providing subsidies. The key regions for solar potential are Rajasthan and Gujarat due to the available land area and solar irradiance levels. The government aims to increase solar usage to help address India's growing energy demand-supply gap.
This document summarizes a study on the service quality of Minda Nexgen Ltd. in government projects. It was conducted by Prasanna. S as part of their Master of Business Administration degree program at Panimalar Engineering College. The study examined Minda Nexgen's quality, services, pricing, and strategies for government projects in comparison to other companies. It utilized descriptive research methods like questionnaires and company records to collect data over a period of one month. The findings suggest that many beneficiaries want Minda to improve service quality and reduce defects to gain more government projects. In conclusion, the study evaluated Minda Nexgen's performance on government contracts and provided suggestions.
Massive Open Online Courses (MOOCs) are free online courses designed for large numbers of students from around the world. MOOCs emerged from the open educational resources movement in 2008. They allow anyone with an internet connection to access courses from top universities. There are two main types of MOOCs - C-MOOCs focus on connection and interaction between students, while X-MOOCs have a more traditional course structure. Business studies is a popular subject area for MOOCs, with courses available in topics like marketing, entrepreneurship, human resources, and operations management. MOOCs provide opportunities for lifelong learning on various business topics.
The document discusses the business environment and its various components. It defines the business environment as consisting of economic, social, political, and institutional conditions that directly or indirectly influence business operations. The business environment includes three types - the microenvironment comprising suppliers, customers and competitors; the market environment of intermediaries, consumers and suppliers; and the macroenvironment involving economic, political, technological and social factors. The internal business environment refers to factors within a business like economic, social and cultural aspects, while the external environment consists of micro and macro level influences outside the company's control.
Thermal imaging camera enpower night visionFrank Fei
Thermal imaing camera, Binocular, monocular product enpower human vision in security surveillance, preventive,protective maintenance industry application, mass screening in airport, seaport, shopping mall, it can be also used in HVAC industry to save energy.
A photography document from July 2013 features a picture of a Mandarin duck taken by Frank Fei. The picture is titled "Freedom & No Worry" and depicts the Mandarin duck in a carefree state.
Thermal imaging camera enpower night visionFrank Fei
Thermal imaging camera, binocular, monocular for security surveillance, preventive, protective mantainance applications, as well as mass screening against any fever spector caused by virus.
The document discusses the stages of the business cycle, including peak, trough, expansion, and recession. It explains that economies experience repeated fluctuations through these turning points. It also outlines some of the key features of economies in expansion and recessionary phases, such as levels of economic activity, employment, spending, inflation, and interest rates. Finally, it discusses different types of business cycles including Kitchin cycles, Kuznets cycles, Jugler cycles, and Kondratief cycles which vary in length and causal factors.
This document discusses the concepts of scarcity, wants, and needs in economics. It begins by outlining three basic economic questions about what to produce, how to produce it, and for whom. It then defines key concepts like scarcity, choice, and opportunity cost. The document notes that resources are limited while wants and needs are unlimited, forcing societies to make choices. It explains that scarcity means not all goods and services can be produced, and that choices must be made between alternatives. The circular flow of the economy and production possibility frontier are also introduced. The document emphasizes that scarcity is a permanent reality and differs from shortages, which are temporary. It concludes by distinguishing between wants and needs from an economist's perspective.
The document discusses various aspects of business environment including what it means, why it is important to study, its features, and factors that comprise it. The business environment refers to all external forces that can impact a business and includes political, economic, social, technological, legal, and environmental factors. Understanding the business environment is crucial for companies to adapt to changes, identify opportunities and threats, and make informed business decisions. The environment is dynamic and varies across locations so continuous monitoring and analysis is required.
The document discusses various aspects of business environment including its definition, importance of studying it, features, and factors like political, economic, socio-cultural, legal, physical/technological, and microenvironment. It defines business environment as the aggregate conditions surrounding and influencing a business. Understanding the business environment is important for a firm to adapt to changes, identify opportunities/threats, and meet competition. The environment is dynamic and varies between locations. Key factors discussed include government policies, economic conditions, social and cultural practices, laws and regulations, available infrastructure, and internal stakeholders like suppliers and customers. Examples are provided to illustrate how different factors can impact businesses.
Business Environment- Economics PerspectiveKannan karthik
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.
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.
The document discusses various external influences on businesses:
1. Businesses are affected by factors outside their control such as economic, legal, political, social, technological and environmental conditions. Successful managers understand how these external influences impact their operations.
2. Key external influences include economic conditions, interest rates, competition in the market, laws and regulations, demographic changes, globalization, and technological innovations.
3. Managers must consider how changes in the external environment could present opportunities or threats and respond appropriately to maximize benefits and mitigate risks to the business.
1. The document defines business environment as the external forces that influence business decisions including economic, social, political, and technological factors outside a business's control.
2. It identifies key components of the general business environment including the economic, social, political, legal, and technological environments. The economic environment includes factors like GDP, inflation, and interest rates.
3. After economic reforms in India in 1991, the government liberalized, privatized, and opened the economy to globalization. This increased competition from foreign and private firms and forced businesses to change, innovate, and improve performance.
The document provides an overview of business environment and techniques for analyzing it. It defines business environment as the collection of internal and external factors that influence a business. It discusses various components of the business environment including economic, political, social, technological, natural, and legal factors. It also describes different tools for analyzing the environment like SWOT analysis, PESTEL analysis, Porter's Five Forces, industry analysis, market research, and expert opinion. The key techniques covered for environmental scanning are ad-hoc, regular, and continuous scanning.
The document discusses the business environment and its importance. It defines the business environment as the combination of internal and external factors that influence a company. It then explains why understanding the business environment is important, as environmental factors can influence all aspects of a business. The document outlines the various components of the business environment, including economic, socio-cultural, political, legal, and technological factors. It also discusses the features and importance of analyzing the business environment, and different techniques for doing so, such as PESTEL analysis and SWOT analysis.
The document discusses the business environment and its importance for business success. It defines the business environment as the combination of internal and external factors that influence a company. It notes that the environmental factors can influence all aspects of a business from its products to policies. The document then discusses why understanding the business environment is important for adapting to changes beyond a company's control. It also outlines some of the key components of the business environment like economic, political, legal, technological and socio-cultural factors. Finally, it discusses some techniques for analyzing the business environment like PESTEL, SWOT, ETOP and SAP analyses.
The document discusses the business environment and its various components. It defines the business environment as comprising internal and external factors that influence a company's operations. It classifies the external environment into political, legal, economic, sociocultural, demographic, technological, and natural factors. The internal environment includes elements like organizational culture, management practices, and employee relations. Regular scanning and monitoring of the business environment is important for companies to identify opportunities and threats and respond with appropriate strategies.
The document discusses the business environment in India. It defines business environment and explains its key features, including that it is the totality of external forces, consists of both specific and general forces, is interrelated, dynamic, uncertain, complex, and relative. It then covers the various dimensions that comprise the business environment, such as economic, social, technological, political, and legal. The economic environment in India is analyzed in depth. The objectives and features of India's development plans and economic policies over time are also summarized.
The document discusses the business environment and its importance. It defines business environment as the aggregate of all conditions, events, and influences that surround and affect a business. The business environment is complex and dynamic in nature. It consists of opportunities and threats. The study of the business environment helps businesses remain flexible, exploit opportunities, and adapt to socio-economic changes. The different types of business environments discussed are political, economic, social, technological, natural, international, and demographic. The document also provides an overview of India's current business environment.
Presentation on Dimensions of Business Environment - Business ETHICSSamuel pongen
The document discusses the various dimensions of a business environment including internal factors, external factors, and types of environment. It provides details on the internal environment, microenvironment, macroenvironment, economic environment, political environment, technological environment, legal environment, social environment, cultural environment, and the relationship between business and society. It analyzes how the economic, political, legal, and social conditions can influence business decisions and provides examples to illustrate these influences.
The document discusses various aspects of business environment including:
1. It defines business environment as the total surroundings that have a direct or indirect influence on business operations. The business environment includes economic, social, political, legal, technological factors that are beyond a business's control.
2. The economic environment includes economic conditions, policies and the economic system of a country which greatly impact businesses.
3. The non-economic environment includes social, political, legal, technological and demographic factors that also influence business operations.
4. Understanding the business environment is important for businesses to identify opportunities and threats, direct growth, and adapt to changes in order to succeed.
This document provides information about the business environment in India related to soft drinks from the 1970s to the 1990s. It discusses how Coca-Cola dominated the Indian market in the 1970s until they withdrew in 1977 due to changes in government policy. This created an opening for local brands like Thums Up and Campa Cola, which became popular in the 1990s. However, when Coca-Cola and Pepsi re-entered the Indian market in the 1990s, they once again captured a major share through aggressive marketing and distribution strategies, overtaking the local brands.
This document discusses the business environment and strategic management. It defines the business environment as all internal and external factors that affect a company's operations, including customers, suppliers, regulations, and more. It then describes key features of the business environment like its dynamic nature and how it varies in different places. The document outlines Porter's five forces model of competitive structure and discusses strategic groups. It also discusses the importance of environmental analysis for identifying opportunities/threats and formulating strategies. Finally, it notes that strategic management involves determining long-term goals, adopting strategies to achieve them, and evaluating performance.
The document discusses the business environment and its importance for strategic decision making. It defines the business environment as the aggregate of political, economic, social, technological, legal and other factors that influence organizational operations. It then classifies the business environment into internal and external factors, and discusses various components of the external environment like suppliers, customers, competitors, and socio-cultural, demographic, technological, political and economic conditions. The document emphasizes that regular environmental scanning and analysis is crucial to identify opportunities and threats and enable organizations to adapt proactively.
PUBLIC POLICIES AND IMPLICATIONS ON BUSINESS2.pptxVighneshMGopal
Government policies guide businesses and can impact them in several ways. Policies determine taxes, trade rules, subsidies, regulations and other economic factors. Businesses must adapt to changing policies. There are different types of public policies including fiscal, monetary, and supply-side policies. Government policies can be regulatory, restrictive, or facilitating. Changes in policies increase competition for businesses and require them to invest in technology, training, and adapting to new market conditions. Regulations aim to modify market forces for economic and social goals like consumer protection and the environment. International regulations allow accountability across borders.
This presentation includes basic of PCOS their pathology and treatment and also Ayurveda correlation of PCOS and Ayurvedic line of treatment mentioned in classics.
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...PECB
Denis is a dynamic and results-driven Chief Information Officer (CIO) with a distinguished career spanning information systems analysis and technical project management. With a proven track record of spearheading the design and delivery of cutting-edge Information Management solutions, he has consistently elevated business operations, streamlined reporting functions, and maximized process efficiency.
Certified as an ISO/IEC 27001: Information Security Management Systems (ISMS) Lead Implementer, Data Protection Officer, and Cyber Risks Analyst, Denis brings a heightened focus on data security, privacy, and cyber resilience to every endeavor.
His expertise extends across a diverse spectrum of reporting, database, and web development applications, underpinned by an exceptional grasp of data storage and virtualization technologies. His proficiency in application testing, database administration, and data cleansing ensures seamless execution of complex projects.
What sets Denis apart is his comprehensive understanding of Business and Systems Analysis technologies, honed through involvement in all phases of the Software Development Lifecycle (SDLC). From meticulous requirements gathering to precise analysis, innovative design, rigorous development, thorough testing, and successful implementation, he has consistently delivered exceptional results.
Throughout his career, he has taken on multifaceted roles, from leading technical project management teams to owning solutions that drive operational excellence. His conscientious and proactive approach is unwavering, whether he is working independently or collaboratively within a team. His ability to connect with colleagues on a personal level underscores his commitment to fostering a harmonious and productive workplace environment.
Date: May 29, 2024
Tags: Information Security, ISO/IEC 27001, ISO/IEC 42001, Artificial Intelligence, GDPR
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Training: ISO/IEC 27001 Information Security Management System - EN | PECB
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Assessment and Planning in Educational technology.pptxKavitha Krishnan
In an education system, it is understood that assessment is only for the students, but on the other hand, the Assessment of teachers is also an important aspect of the education system that ensures teachers are providing high-quality instruction to students. The assessment process can be used to provide feedback and support for professional development, to inform decisions about teacher retention or promotion, or to evaluate teacher effectiveness for accountability purposes.
it describes the bony anatomy including the femoral head , acetabulum, labrum . also discusses the capsule , ligaments . muscle that act on the hip joint and the range of motion are outlined. factors affecting hip joint stability and weight transmission through the joint are summarized.
Executive Directors Chat Leveraging AI for Diversity, Equity, and InclusionTechSoup
Let’s explore the intersection of technology and equity in the final session of our DEI series. Discover how AI tools, like ChatGPT, can be used to support and enhance your nonprofit's DEI initiatives. Participants will gain insights into practical AI applications and get tips for leveraging technology to advance their DEI goals.
Physiology and chemistry of skin and pigmentation, hairs, scalp, lips and nail, Cleansing cream, Lotions, Face powders, Face packs, Lipsticks, Bath products, soaps and baby product,
Preparation and standardization of the following : Tonic, Bleaches, Dentifrices and Mouth washes & Tooth Pastes, Cosmetics for Nails.
বাংলাদেশের অর্থনৈতিক সমীক্ষা ২০২৪ [Bangladesh Economic Review 2024 Bangla.pdf] কম্পিউটার , ট্যাব ও স্মার্ট ফোন ভার্সন সহ সম্পূর্ণ বাংলা ই-বুক বা pdf বই " সুচিপত্র ...বুকমার্ক মেনু 🔖 ও হাইপার লিংক মেনু 📝👆 যুক্ত ..
আমাদের সবার জন্য খুব খুব গুরুত্বপূর্ণ একটি বই ..বিসিএস, ব্যাংক, ইউনিভার্সিটি ভর্তি ও যে কোন প্রতিযোগিতা মূলক পরীক্ষার জন্য এর খুব ইম্পরট্যান্ট একটি বিষয় ...তাছাড়া বাংলাদেশের সাম্প্রতিক যে কোন ডাটা বা তথ্য এই বইতে পাবেন ...
তাই একজন নাগরিক হিসাবে এই তথ্য গুলো আপনার জানা প্রয়োজন ...।
বিসিএস ও ব্যাংক এর লিখিত পরীক্ষা ...+এছাড়া মাধ্যমিক ও উচ্চমাধ্যমিকের স্টুডেন্টদের জন্য অনেক কাজে আসবে ...
Thinking of getting a dog? Be aware that breeds like Pit Bulls, Rottweilers, and German Shepherds can be loyal and dangerous. Proper training and socialization are crucial to preventing aggressive behaviors. Ensure safety by understanding their needs and always supervising interactions. Stay safe, and enjoy your furry friends!
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.
7. 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
8. Examples :
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
9.
10. 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
11. 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.
12. 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
13. 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.
14. Examples :
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
15.
16. 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.
17. 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
18. 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.
19. A company which benefited due to socio cultural
environment
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.
20. 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.Minimum wages act,1948
7.Right to information act,2005
8.Indian income tax act,1961
21. 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 labor 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.
22. 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.
23. 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.
25. MICRO ENVIRONMENT
• MICRO ENVIRONMENT 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
• EMPLOYEES
• MARKETING INTERMEDIARIES
• CUSTOMERS
• COMPETITORS
• PUBLICS
26. CONT.
MORE INTIMATELY LINKED WITH THE COMPANY THAN MACRO FACTORS
THE MICRO FORCES NEED NOT NECESSARILY AFFECT ALL THE FIRMS IN A PARTICULAR
INDUSTRY IN THE SAME WAY.
SOME OF THE MICRO FACTORS ARE PARTICULAR TO A FIRM
27. 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.
IMPORTANT
1) A supplier should be reliable.
2) There should be more than one supplier in a company.
28. 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.
29. 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”
30. 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.
31. 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.
32. COMPETITIVE STRUCTURE OF INDUSTRIES
THE COMPETITIVE STRUCTURE OF INDUSTRIES IS A VERY IMPORTANT BUSINESS
ENVIRONMENT. IDENTIFICATION OF FORCES AFFECTING THE COMPETITIVE
DYNAMICS OF AN INDUSTRY IS VERY USEFUL IN FORMULATION OF STRATEGIES.
AS PER MICHAEL PORTER’ WELL KNOWN MODEL OF STRUCTURAL ANALYSIS OF
INDUSTRIES, THE STATE OF COMPETITIONS DEPENDS ON:
• PORTER’S ANALYSIS DETERMINES THE COMPETITIVE INTENSITY OF THE INDUSTRY
AND THE ATTRACTIVENESS OF THE MARKET. A HIGHLY COMPETITIVE INDUSTRY IS
ONE APPROACHING “PERFECT COMPETITION” WHEREBY BUSINESSES ARE ONLY ABLE
TO EARN NORMAL PROFITS.
33. DIAGRAM
Threat of new entrants
Suppliers
Bargaining power
Bargaining power
Threat of substitutes
Substitutes
Buyers
34. THREAT OF ENTRY
POTENTIAL COMPETITION TENDS TO BE HIGH IF THE INDUSTRY IS
PROFITABLE OR CRITICAL AND ENTRY BARRIERS ARE LOW. SOME OF THE
COMMON ENTRY BARRIERS ARE:
GOVERNMENT POLICY: GOVERNMENT CAN LIMIT ENTRY INTO INDUSTRY
THROUGH LICENSING REQUIREMENTS BY RESTRICTING ACCESS TO RAW
MATERIALS.
• PRODUCT DIFFERENTIATION: CHARACTERIZED BY BRAND IMAGE, CUSTOMER
LOYALTY ETC. MAY DETER NEW FIRMS FROM ENTERING THE MARKET
• CAPITAL REQUIREMENTS : HIGH CAPITAL INTENSIVE NATURE OF THE INDUSTRY
IS AN ENTRY BARRIER TO SMALL FIRMS .
35. CONT.
• ECONOMIES OF SCALE : SCALE ECONOMIES IN PRODUCTION AND SALES OF
MICROPROCESSORS, GAVE INTEL A SIGNIFICANT COST ADVANTAGE OVER
ANY NEW ARRIVAL.
• SWITCHING COSTS : ONCE A SOFTWARE PROGRAM SUCH AS EXCEL OR WORD
BECOMES ESTABLISHED IN OFFICE, OFFICE MANAGERS ARE RELUCTANT TO
SWITCH TO A NEW PROGRAM BECAUSE OF HIGH TRAINING COSTS.
36. THREAT OF SUBSTITUTES
• AN INDUSTRY WHICH HAS CLOSE SUBSTITUTES AVAILABLE IS HIGHLY
COMPETITIVE IN NATURE. EXISTENCE OF CLOSE SUBSTITUTES INCREASES
THE PROPENSITY OF CONSUMERS TO SWITCH TO ALTERNATIVES IN
RESPONSE TO PRICE INCREASES.
• SUBSTITUTES LIMIT THE POTENTIAL RETURNS OF AN INDUSTRY BY
PLACING A CEILING ON THE PRICES FIRMS IN INDUSTRY CAN PROFITABLY
CHARGE.
37. BARGAINING POWER OF BUYERS
• BUYERS AFFECT AN INDUSTRY THROUGH THEIR ABILITY TO FORCE DOWN
PRICES , BARGAIN FOR HIGHER QUALITY OR MORE SERVICES AND PLAY
COMPETITORS AGAINST EACH OTHER.
A BUYER OR DISTRIBUTOR IS POWERFUL IF SOME OF THE FOLLOWING FACTORS IS
TRUE :
A BUYER PURCHASES A LARGE PROPORTION OF SELLERS PRODUCT OR SERVICE (EG : OIL
FILTERS PURCHASED BY A MAJOR AUTOMAKER)
A BUYER HAS THE POTENTIAL TO INTEGRATE BACKWARD BY PRODUCING THE PRODUCT
ITSELF (EG: A NEWSPAPER CHAIN COULD MAKE ITS OWN PAPER)
38. CONT.
ALTERNATE SUPPLIERS ARE PLENTIFUL BECAUSE THE PRODUCT IS STANDARD OR
UNDIFFERENTIATED.
CHANGING SUPPLIERS COST TITLE. (EG: OFFICE SUPPLIES ARE SOLD BY MANY
VENDORS)
THE PURCHASED PRODUCT IS UNIMPORTANT TO THE FINAL QUALITY OR A PRICE OF A
BUYERS PRODUCTS (EG: ELECTRIC WIRE BOUGHT FOR USE IN LAMPS)
39. BARGAINING POWER OF SUPPLIERS
• SUPPLIERS CAN AFFECT AN INDUSTRY THROUGH THEIR ABILITY TO RAISE
PRICES OR REDUCE THE QUALITY OF PURCHASED GOODS AND SERVICES.
A BUYER OR DISTRIBUTOR IS POWERFUL IF SOME OF THE FOLLOWING FACTORS IS
TRUE :
SUPPLIER INDUSTRY IS DOMINATED BY A FEW COMPANIES BUT IT SELLS TOO
MANY(EG: PETROLEUM INDUSTRY)
SERVICE IS UNIQUE OR IT HAS BUILT UP SWITCHING COSTS (E.G. WORD PROCESSING
SOFTWARE)
40. CONT.
SUBSTITUTES ARE NOT READILY AVAILABLE (E.G. ELECTRICITY)
SUPPLIERS ARE ABLE TO INTEGRATE FORWARD AND COMPETE DIRECTLY WITH THEIR
PRESENT CUSTOMERS (EG: A MICROPROCESSOR PRODUCER LIKE INTEL COULD MAKE
THE COMPLETE PC)
A PURCHASING INDUSTRY BUYS ONLY A SMALL PORTION OF THE SUPPLIERS GROUPS
GOODS (E.G. SALES OF LAWN MOWER TIRES ARE LESS IMPORTANT TO THE TIRE
INDUSTRY THAN ARE SALES OF AUTO TIRES)
41. SIGNIFICANCE OF B.E
• FACILITATES OPERATIONS OF THE ORGANIZATION.
• FORMS THE BASIS OF LONG TERM POLICIES, PLANS AND STRATEGIES OF ORGANIZATION.
• HELP ORGANIZATION IN IDENTIFYING AND UNDERSTANDING ITS COMPETITORS.
• HELPS THE FIRMS TO EXPAND AND GROW.
• IN-CASHING BUSINESS OPPORTUNITIES
• AFFECT INTERNAL CONTROL.
42. THIS PRESENTATION MATCHES UP OF FOUR SOURCES FROM SLIDE SHARE
DEVIL, A. (2013). BUSINESS ENVIRONMENTS.
WWW.SLIDESHARE.NET/ANJALI_DEVIL/BUSINESS-ENVIRONMENT-13931538
ACCESSED DATE: 06 MARCH 2014
SAUGATAPALIT. (2013)BUSINESS ENVIRONMENTS.
WWW.SLIDESHARE.NET/SAUGATAPALIT/ECO-PPT-FINAL-28604819
ACCESSED DATE: 06 MARCH 2014
IRRFAN, SK.MD. (2014). MACRO ENVIRONMENTAL FACTORS IN PHARMA INDUSTRY
WWW.SLIDESHARE.NET/SKMDIRRFAN/MACRO-ENVIRONMENT-FACTORS-INVOLVED-IN-PHARMAINDUSTRY
ACCESSED DATE: 06 MARCH 2014
VIPINSUBASH.(2014).BUSINESS ENVIRONMENT
WWW.SLIDESHARE.NET/VIPINSUBASH/BUSINESS-ENVIRONMENT-25471012
ACCESSED DATE: 06 MARCH 2014