The document provides an overview of the business environment and its importance for organizations. It discusses that the business environment includes all internal and external factors that influence a company's operations, such as customers, employees, competition and regulations. It also explains the different components of the business environment, including the micro environment of immediate competitors and suppliers, and the macro environment of demographic, economic and technological forces. Further, it states that organizations need to continuously monitor and respond to changes in the environment to identify opportunities and threats in order to survive and prosper. The document emphasizes conducting environmental analysis and scanning to aid strategic decision making.
Business ethics (also corporate ethics) is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations
Business ethics (also corporate ethics) is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations
• Social environment is very comprehensive because it may include the total social factors within which an organization operates.
• The culture within a society, consists of the cultivated behavior of individuals in that society.
• This factor includes people’s attitude to work, health, marriage, religion, education, ethical issues, social responsibility business, etc.
• From business point of view, social environment may include expectations of society from business, attitudes of society towards business and its management, views towards achievement of work, views towards customs, traditional and conventions, level of education, etc.
• “The forces, factors and institutions with which the businessman has to deal with to achieve its objectives”.
• It is the surrounding in which the business exists.
• Whenever any businessman is operating or working then he has to interact with the customers, suppliers and he has to perform the transactions within the rules and regulations of the government.
• Environment means the surroundings, external objects, influences or circumstances under which someone or something exits.
• 1. Events are important and specific occurrences taking place in different environmental sectors.
• 2. Trends are the general tendencies or the courses of action along which events take place.
• 3. Issues are the current concerns that arise in response to events and treats.
• 4. Expectations are the demands made by interested groups in the light of their concern for issues.
Understanding general rules around corporate governance
Understanding the duties of directors
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Understanding There are many factors All these forces come under one word cal...Yashwanth Rm
Understanding the Business :
To understand any business the critical step is to explore all the factors related to business and properly judging its impact on the business. There are many factors and forces which have considerable impact on any business. All these forces come under one word called environment.
• Social environment is very comprehensive because it may include the total social factors within which an organization operates.
• The culture within a society, consists of the cultivated behavior of individuals in that society.
• This factor includes people’s attitude to work, health, marriage, religion, education, ethical issues, social responsibility business, etc.
• From business point of view, social environment may include expectations of society from business, attitudes of society towards business and its management, views towards achievement of work, views towards customs, traditional and conventions, level of education, etc.
• “The forces, factors and institutions with which the businessman has to deal with to achieve its objectives”.
• It is the surrounding in which the business exists.
• Whenever any businessman is operating or working then he has to interact with the customers, suppliers and he has to perform the transactions within the rules and regulations of the government.
• Environment means the surroundings, external objects, influences or circumstances under which someone or something exits.
• 1. Events are important and specific occurrences taking place in different environmental sectors.
• 2. Trends are the general tendencies or the courses of action along which events take place.
• 3. Issues are the current concerns that arise in response to events and treats.
• 4. Expectations are the demands made by interested groups in the light of their concern for issues.
Understanding general rules around corporate governance
Understanding the duties of directors
Understanding the impact of strong electoral policies and guidelines for elected officials
Understanding There are many factors All these forces come under one word cal...Yashwanth Rm
Understanding the Business :
To understand any business the critical step is to explore all the factors related to business and properly judging its impact on the business. There are many factors and forces which have considerable impact on any business. All these forces come under one word called environment.
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.
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.
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The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
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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.
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Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
4. Introduction
Business is there to provide products and
services to customers
Reasonable return on investment
Two capabilities to survive:
Ability to prosper and
Ability to change
4
6. Introduction
Operates in their unique environment.
Environment influence businesses and also
gets influenced by it
What is environment?
The surroundings or conditions in which a
person, animal, or plant lives or operates.
6
7. Introduction
Business environment means all of the
internal and external factors that affect how
the company functions including
employees, customers, management,
supply and demand and business
regulations.
7
8. Points to Note
• Products and services are being provided to
customers
• Return on investment
• Ability to prosper and change is must
• Operates in their unique environment.
• Environment and business influence each
other
• Business environment constitutes all of the
internal and external factors that affects the
business
10. Meaning of Business Environment
Business environment
External forces,
Factors or
Conditions
Exert impact on
Business decisions,
Strategies and
Actions
10
11. Meaning of Business Environment
Success is dependent on business
environment.
Business has to
Identify,
Appraise, and
Respond to the various opportunities and
threats in its environments.
Business must continuously monitor and
adapt itself to the environment to survive
and prosper.
11
12. Meaning of Business Environment
12
“The environment includes factors outside the firm which
can lead to opportunities for, or threats to the firm.
Although, there are many factors, the most important of
the factors are socio-economic, technological, suppliers,
competitors, and government.” Gluek and Jauch
16. Points to Note 3.00 Minutes
External forces, factors or conditions constitute
environment
Impact on business decisions, strategies and actions
Business has to Identify, appraise, and respond to
the various opportunities and threats in its
environments
Most important of the factors are socio-economic,
technological, suppliers, competitors, and
government
Environment is characterized by – complex, dynamic,
multi-faceted, and far reaching impact.
18. Importance of Business Environment
Determining opportunities and threats
Giving direction for growth
Continuous learning
Image building
Meeting competition
18
21. Relationship between Organization
and its Environment
Major areas of relationship between
Organization and its environment :
Exchange of information
Exchange of resources – 5 Ms
Men,
Money,
Method,
Machine, and
Material
Exchange of influence and power
21
22. Relationship between Organization
and its Environment
Nature of relationship depends on:
Size of the organization
Age of the organization
Nature of business
Nature of ownership
Degree of professionalization of
management
22
24. Organization’s response to its
Environment
Three Classes of responses are:
1. Administrative Response – reactive or
proactive:
Mission;
Objectives,
Policies, and
Budgets;
24
25. Organization’s response to its
Environment
Three Classes of responses are:
2. Competitive Response
For profit
Non-profit
Competitive advantage on the basis of:
Unique,
Valuable, and
Difficult to imitate.
25
26. Organization’s response to its
Environment
Three Classes of responses are:
3. Collective Response
Coordination with other organizations
Help in
Bargaining,
Contracting,
Co-opting, and creating joint ventures,
Federations,
Strategic alliances, and
Consortia
26
27. Points to Note 2.00 Minutes
• Business environment is important for
opportunities and threats, growth, image
building, and competition
• Major interaction happens related to
exchange of information, resources, and
influence and power
• Three classes of responses are:
administrative, competitive, and collective.
29. Business: Part of Broader Environment
Inputs:
Human,
Physical,
Financial and
Other related resources
Conversion through various processes as:
Products and/or
Services.
Exchanged with the external client groups,
say customers
29
30. Business: Part of Broader Environment
Surplus from exchange
Profits,
Reputation,
Good public image etc.
Inputs, processing, and outputs are different
for different organizations
30
31. Environmental influence on Business
31
A successful business has to:
Identify,
Appraise, and
Respond to
Various opportunities and threats in its
environment.
34. Environmental influence on Business
34
Lessons Learnt:
Respect of the complaints and taking note
of the fact that chocolates had worms
Adapting to change the packaging in a
record breaking time
Managing the crisis at the company
properly and keeping employee morale high
Influenced the market with great come back
advertisement campaign
35. Environmental influences on Business
Framework to understand environment of
organization is divided in three steps:
First: Nature of organizations environment:
Static or dynamic,
Simple or complex,
Second: Auditing of influences:
Identify the influencing factors and
Relate such influences
Third: Focus on explicit considerations of
the immediate requirement
35
36. Environmental influence on Business
36
Reality Bite: Mind map of the factors affecting the brand
Coca Cola. It may include all the factors such as
(positive/negative/good/bad etc.)
38. Why Environmental Analysis?
If not done:
No change as per demands
Decline in performance
Three basic goals of Environmental Analysis:
1. Understanding of current and potential
changes
2. Inputs for strategic decision making
3. Facilitate and foster strategic thinking
38
39. Points to Note 2.30 Minutes
• Input, processing, and output is the basic for
business.
• business has to identify, appraise, and
respond to various opportunities and threats
in its environment.
• Organization need to understand the nature
of environment, identify different influencing
factors, and focus towards immediate
environment.
41. Environmental Scanning
Environmental scanning can be defined as
the process by which organizations monitor
their relevant environment to identify
opportunities and threats affecting their
business for the purpose of taking strategic
decisions.
41
43. Environmental Scanning
Factors to be considered for environmental
scanning :
1. Events: Events in internal and external
environment
2. Trends: Course of action along which
events occur
3. Issues: current concerns that arise in
response to events and trends.
4. Expectations: Demands made by
interested groups on issues.
43
46. Components of Business Environment
Internal environment – existing within
organization
External environments - existing outside
organization
Two major types:
Micro and
Macro
Micro: Factors directly affecting the day to
day functioning of the firm
Macro: Factors decide the overall direction,
thinking of firm
47. Components of Business Environment
Four environmental influences:
47
Inherent
Capacity –
strategic
advantage
Inherent
limitation –
strategic
disadvantage
Unfavourable
condition –
risk or
damage
Favourable
condition –
strengthen
position
56. Elements of Micro Environment
Consumers/Customers:
Who are the customers/consumers?
What benefits are they looking for?
What are their buying patterns?
Competitors:
Who are the competitors?
What are their business objectives and
strategies?
Who are the most aggressive and powerful
competitors?
56
57. Elements of Micro Environment
Competition is direct or indirect:
Direct – same business
Indirect - different types of products/services
that satisfy the same needs
Pizza shop competes indirectly with a fried
chicken shop, but directly with another
pizza shop
57
58. Elements of Micro Environment
Organization
Owners
Board of Directors
Employees
Market
Cost structure
Price sensitivity
Technological structure
Existing distribution system
Maturity level - reached a state of equilibrium
58
59. Elements of Micro Environment
Suppliers
Raw material
Equipment
Services etc.
Make or buy decision
Reality Bite: Packet of biscuit
59
60. Elements of Micro Environment
Intermediaries are link between producer
and consumer like:
Local retailers,
Big departmental stores or
Online stores
60
61. Points to Note 3.00 Minutes
• Who are Consumers/customers, benefits they
are looking for, and buying pattern
• Who are the competitors, their objectives and
strategies, and most aggressive competitor
• Who are the owners, members of board, and
employees
• Market – cost structure, price sensitivity,
technology, and maturity level
• Suppliers leading to outsourcing/in-house
production
• intermediaries
63. Demographic Environment
Characteristics of population in a area,
district, country or in the world like:
Race,
Age,
Income,
Educational attainment,
Asset ownership,
Home ownership,
Employment status and
Location
Affect on market size
Leading to opportunities or threats
63
65. Economic Environment
General economic situation in resource
markets 5 Ms
Men, money, material, machine, method
It influence:
Supply of inputs
Their costs,
Quality,
Availability and
Reliability of supplies
Determines the:
Strength and
Size of the market
65
66. Economic Environment
The purchasing power depends on:
Current income,
Prices,
Savings,
Circulation of money,
Debt and credit availability.
Income distribution pattern determines the
marketing possibilities
66
68. Factors Affecting Eco Environment
Economic conditions or factors
Gross domestic product,
Per capita income,
Markets for goods and services,
Availability of capital,
Foreign exchange reserve,
Growth of foreign trade,
Strength of capital market,
Interest rates,
Disposable income,
Unemployment,
Inflation
68
69. Political-Legal Environment
Three important elements:
Government:
Law and order situation,
Purposefulness and efficiency of governmental
agencies,
Extent and nature of governmental intervention
in the economy and the industry,
Policies - Social, Monetary, Industrial, Labor and
Export-import,
69
70. Political-Legal Environment
Three important elements:
Legal
Specific legal enactments and framework
Degree of effectiveness in implementation,
Political
General state of political development,
Degree of politicization of business and
economic issues,
Level of political morality,
Political stability,
Political ideology of the ruling party,
70
71. Points to Note 2.00 Minutes
• Demography: population characteristics,
affect on market, opportunities and threats
• Economy: 5Ms, influence of economic
environment on market, purchasing power
• Economic systems and policies
• Political-legal: government, legal, and political
72. Socio-Cultural Environment
Socio-cultural environment factors:
Related to human relationships and
Impact of social attitudes and cultural values
Important factors:
Social concerns:
Role of business in society,
Environmental pollution,
Corruption,
Use of mass media, and
Consumerism.
72
73. Socio-Cultural Environment
Important factors:
Social attitudes and values:
Expectations of society from business,
Social customs,
Beliefs,
Rituals and practices,
Changing lifestyle patterns, and
Materialism.
73
74. Socio-Cultural Environment
Important factors:
Family:
Family structure and changes in it,
Attitude towards and within the family, and
Family values
Role of women in society,
position of children and adolescents in family
and society.
Society:
Educational levels,
Awareness and consciousness of rights, and
Work ethics of members of society.
74
75. Technological Environment
The pull of technological change
Opportunities arising out of technological
innovation
Risk and uncertainty of technological
development
Role of R&D in a country and government’s
R&D budget
75
77. Assessing Technological Environment
Technologies for production and
information used by the company
Technologies utilized in the company's
business, products, or their parts
Criticality of each technology to products
and businesses
Which external technologies might become
critical and why?
Will they remain available outside the
company?
77
78. Assessing Technological Environment
Investment in the product and in the
process side of these technologies:
For the company
For its competitors
Design
Production
Implementation and service
Which technological investments should be
curtailed or eliminated?
Additional technologies required to achieve
business objectives?
78
79. Global Environment
Environment in different sovereign
countries, with factors exogenous to the
home environment of the organization,
influencing decision making on resource use
and capabilities.
79
80. Global Environment
Factors that should be assessed:
Potential positive and negative impact of
events like sport meet or a terrorist attack
Changing and emerging global markets
Shifts in newly industrialized countries
Cultural and institutional attributes of
individual global markets
There is a need to think and act from global
perspective
80
82. Points to Note 2.45 Minutes
• Socio-cultural environment: social concerns,
attitudes and values, family, society
• Technological environment: opportunities,
risk and uncertainties, R&D spending
• Assessing technology: technology used and its
criticality
• Global environment: different from local
environment, changes in global markets, think
and act from global perspective
89. Strategic response to the Environment
Strategically, businesses should:
Exploit the opportunities and
Overcome the threats
Approaches of Strategic response to
Environment:
Least resistance – passive
Proceed with caution – alert
Dynamic response – proactive
89
90. Points to Note 3.00 Minutes
• PESTLE: political, economic, socio-cultural,
technological, legal and environmental
• Businesses should exploit the opportunities and
overcome the threats
• Response to Environment may be in the form of
• Least resistance – passive
• Proceed with caution – alert
• Dynamic response – proactive
91. Thank You & Best of Luck!
Please solve questions at the end of SM
Please solve questions available on website
In case of any difficulty, please visit and ask
at
www.scannerclasses.com
91
Editor's Notes
These timers appear initially as a cream, coloured circle. The timer is initiated by clicking on, at which point the circle will fill up in a clockwise direction with the colour you see above.
At the end of the time, a bell will sound.
It is possible to change the timings of the timers by entering the animation settings and changing the timings of the relevant ‘Oval’. Note the timings have to be entered in seconds.
It is possible to have multiple timers on the same slide as these work independently of each other.
Business environment represents all external forces, factors or conditions that exert some degree of impact on the business decisions, strategies and actions taken by the rm. The success of a business is generally dependent on its business environment. A successful business has to identify, appraise, and respond to the various opportunities and threats in its environments. To be successful, the business has to not only recognize dierent elements of its own environment but also respect/ adapt and manage and inuence them. The business must continuously monitor and adapt itself to the environment if it is to survive and prosper.
Business environment represents all external forces, factors or conditions that exert some degree of impact on the business decisions, strategies and actions taken by the rm. The success of a business is generally dependent on its business environment. A successful business has to identify, appraise, and respond to the various opportunities and threats in its environments. To be successful, the business has to not only recognize dierent elements of its own environment but also respect/ adapt and manage and inuence them. The business must continuously monitor and adapt itself to the environment if it is to survive and prosper.
These timers appear initially as a cream, coloured circle. The timer is initiated by clicking on, at which point the circle will fill up in a clockwise direction with the colour you see above.
At the end of the time, a bell will sound.
It is possible to change the timings of the timers by entering the animation settings and changing the timings of the relevant ‘Oval’. Note the timings have to be entered in seconds.
It is possible to have multiple timers on the same slide as these work independently of each other.
These timers appear initially as a cream, coloured circle. The timer is initiated by clicking on, at which point the circle will fill up in a clockwise direction with the colour you see above.
At the end of the time, a bell will sound.
It is possible to change the timings of the timers by entering the animation settings and changing the timings of the relevant ‘Oval’. Note the timings have to be entered in seconds.
It is possible to have multiple timers on the same slide as these work independently of each other.
Inputs:
Human,
Physical,
Financial and
Other related resources
Conversion through various processes into outputs of products and/or services.
Exchanged with the external client groups, say customers.
Surplus from exchange
Profits,
Reputation,
Good public image etc.
Inputs, processing, and outputs are different for different oranisations
Inputs:
Human,
Physical,
Financial and
Other related resources
Conversion through various processes into outputs of products and/or services.
Exchanged with the external client groups, say customers.
Surplus from exchange
Profits,
Reputation,
Good public image etc.
Inputs, processing, and outputs are different for different oranisations
These timers appear initially as a cream, coloured circle. The timer is initiated by clicking on, at which point the circle will fill up in a clockwise direction with the colour you see above.
At the end of the time, a bell will sound.
It is possible to change the timings of the timers by entering the animation settings and changing the timings of the relevant ‘Oval’. Note the timings have to be entered in seconds.
It is possible to have multiple timers on the same slide as these work independently of each other.
Reality Bite: Packet of biscuit
Gross domestic product,
Per capita income,
Markets for goods and services,
Availability of capital,
Foreign exchange reserve,
Growth of foreign trade,
Strength of capital market,
Interest rates,
Disposable income,
Unemployment,
Inflation
Social attitudes and values, such as expectations of society from business, social customs, beliefs, rituals and practices, changing lifestyle patterns, and materialism.
Family structure and changes in it, attitude towards and within the family, and family values.
Role of women in society, position of children and adolescents in family and society.
Educational levels, awareness and consciousness of rights, and work ethics of members of society.
Family structure and changes in it, attitude towards and within the family, and family values.
Role of women in society, position of children and adolescents in family and society.
Educational levels, awareness and consciousness of rights, and work ethics of members of society.
Identification of both important emerging global markets and global markets that are changing.
This includes shifts in the newly industrialized countries in Asia that may imply the opening of new markets for products or increased competition from emerging globally competitive companies.
Differences between cultural and institutional attributes of individual global markets.