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.
BUSINESS ENVIRONMENT,characteristics of business environment, stages of environment analysis,SWOT analysis,micro environment, macro environment.BUSINESS ENVIRONMENT,characteristics of business environment, stages of environment analysis,SWOT analysis,micro environment, macro 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.
BUSINESS ENVIRONMENT,characteristics of business environment, stages of environment analysis,SWOT analysis,micro environment, macro environment.BUSINESS ENVIRONMENT,characteristics of business environment, stages of environment analysis,SWOT analysis,micro environment, macro environment
Include a diagram supported by a detailed discussion explaining whic.pdfartimagein
Include a diagram supported by a detailed discussion explaining which stakeholders operate in
the general environment, task environment, or internal environment, and why?
Solution
Introduction
A Stake is any interest, share, or claim that a group or individual has in the outcome of a
corporation’s policies, procedures, or actions toward others. Stakes may be based on any type of
interest.
Stake Holders :
The stakes of stakeholders are not always obvious. The economic viability of competing firms
can be at stake when one firm threatens entry into a market.
A Stake holder is any individual or group who can affect or is affected by the action, decision,
policies, practices or goals of the organization,”
We begin by identifying the focal stake holder. This is the company or group that is the
focus or central constituency of an analysis.
There are three types of General environment, Task environment, Internal environment.
General Environment:
In general environment, stake holders of organizations, is comprised of economic, legal-political,
technological, socio - cultural and natural environment conditions. Managers must be concerned
about economic conditions in the general environment, particularly those that influence customer
spending, resource supplies, and investment capital.
Internal Environment:
The primary stakeholders of a firm are owners, customers, employees an suppliers comes under
in internal environment, Primary importance to a firm’s survival are its stock holders and board
of directors. The CEO and other top level executives can be stake holders, but in the stake
holder analysis they are generally considered actors and representatives of the firm.BP’s
CEO and top - level team are focal stakeholders. A fully developed internal analysis includes a
broader evaluation of all of the organization’s resources and capabilities to determine strengths,
weaknesses, and opportunities for competitive advantage, and to identify organizational threats
should be corrected.
Task environment:
Secondary stakeholders include all other interested groups, such as the media, consumers,
lobbyists, courts, government, competitors, the public, and society are comes under in task
environment. It involves evaluation of the broad and task environment to determine trends,
threats, and opportunities and to provide a foundation for strategic direction.
The broad environment consists of domestic and global environmental forces such as social -
cultural, technological, political, and economic trends. The broad environment forms the
context within which the firm and its task environment. The task environment consists of
external stake holders.
__________________________________________________________________________.
Organizations do not exist in a vacuum. They are constantly being affected by external forces which determine an organization’s effectiveness and performance. Therefore, it is imperative for the management of any organization to examine components of their firm’s external and internal environments to understand the dynamic and far-reaching changes that are occurring. This presentation focuses on the environmental factors that companies need to analyze for developing strategic options.
At the end of this tutorial students should be able to:
Understand the importance of the influencing forces with in an organization’s environment .
Describe the general and task environments.
BUSINESS FORMATION & FUNDING OPTIONS BUSINESS & ENTREPRTawnaDelatorrejs
BUSINESS FORMATION & FUNDING OPTIONS
BUSINESS & ENTREPRENEURSHIP PROGRAM OXFORD SUMMER COURSES
1
STAKEHOLDER ANALYSIS
In this excerpt we are going to reflect on and dive deeper into the stakeholder
analysis. You will need this document for the completion of this work activity as well
as for your final project work to complete Topic 2.
What Is a Stakeholder? 1
A stakeholder is a party that has an interest in a company and can either affect or be
affected by the business. The primary stakeholders in a typical corporation are
its investors, employees, customers and suppliers. However, the modern theory of
the idea goes beyond this original notion to include additional stakeholders such as
a community, government or trade association.
Understanding Stakeholder
Stakeholders can be internal or external. Internal stakeholders are people whose
interest in a company comes through a direct relationship, such as employment,
ownership or investment. External stakeholders are those people who do not directly
work with a company but are affected in some way by the actions and outcomes of
said business. Suppliers, creditors and public groups are all considered external
stakeholders.
Example of an Internal Stakeholder
Investors are a common type of internal stakeholder and are greatly impacted by the
outcome of a business. If, for example, a venture capital firm decides to invest $5
million into a technology startup in return for 10% equity and significant influence, the
firm becomes an internal stakeholder of the startup. The return of the company's
investment hinges on the success, or failure, of the startup, meaning it has a vested
interest.
An Example of an External Stakeholder
External stakeholders are a little harder to identify, seeing as they do not have a direct
relationship with the company. Instead, an external stakeholder is normally a person
or organization affected by the operations of the business. When a company goes
over the allowable limit of carbon emissions, for example, the town in which the
company is located is considered an external stakeholder because it is affected by
the increased pollution.
Conversely, external stakeholders may also sometimes have a direct effect on a
company but are not directly tied to it. The government, for example, is an external
stakeholder. When it makes policy changes on carbon emissions, continuing from
above, the decision affects the operations of any business with increased levels of
carbon.
Problems With Stakeholders
1 https://www.investopedia.com/terms/s/stakeholder.asp
BUSINESS FORMATION & FUNDING OPTIONS
BUSINESS & ENTREPRENEURSHIP PROGRAM OXFORD SUMMER COURSES
2
A common problem that arises with having numerous stakeholders in an enterprise
is their various self interests may not all be aligned. In fact, they may be in direct
conflict. The primary goal of a corporation, for example, from the viewpoint of its
sha ...
THE BUSINESS ENVIRONMENT OF THE ENTERPRISEAnil Kumar
The business environment of an enterprise is the sum total of all subjective and
objective factors and conditions, which have an interactive relationship, and
have an indirect or direct influence on the business activities of an enterprise or
Include a diagram supported by a detailed discussion explaining whic.pdfartimagein
Include a diagram supported by a detailed discussion explaining which stakeholders operate in
the general environment, task environment, or internal environment, and why?
Solution
Introduction
A Stake is any interest, share, or claim that a group or individual has in the outcome of a
corporation’s policies, procedures, or actions toward others. Stakes may be based on any type of
interest.
Stake Holders :
The stakes of stakeholders are not always obvious. The economic viability of competing firms
can be at stake when one firm threatens entry into a market.
A Stake holder is any individual or group who can affect or is affected by the action, decision,
policies, practices or goals of the organization,”
We begin by identifying the focal stake holder. This is the company or group that is the
focus or central constituency of an analysis.
There are three types of General environment, Task environment, Internal environment.
General Environment:
In general environment, stake holders of organizations, is comprised of economic, legal-political,
technological, socio - cultural and natural environment conditions. Managers must be concerned
about economic conditions in the general environment, particularly those that influence customer
spending, resource supplies, and investment capital.
Internal Environment:
The primary stakeholders of a firm are owners, customers, employees an suppliers comes under
in internal environment, Primary importance to a firm’s survival are its stock holders and board
of directors. The CEO and other top level executives can be stake holders, but in the stake
holder analysis they are generally considered actors and representatives of the firm.BP’s
CEO and top - level team are focal stakeholders. A fully developed internal analysis includes a
broader evaluation of all of the organization’s resources and capabilities to determine strengths,
weaknesses, and opportunities for competitive advantage, and to identify organizational threats
should be corrected.
Task environment:
Secondary stakeholders include all other interested groups, such as the media, consumers,
lobbyists, courts, government, competitors, the public, and society are comes under in task
environment. It involves evaluation of the broad and task environment to determine trends,
threats, and opportunities and to provide a foundation for strategic direction.
The broad environment consists of domestic and global environmental forces such as social -
cultural, technological, political, and economic trends. The broad environment forms the
context within which the firm and its task environment. The task environment consists of
external stake holders.
__________________________________________________________________________.
Organizations do not exist in a vacuum. They are constantly being affected by external forces which determine an organization’s effectiveness and performance. Therefore, it is imperative for the management of any organization to examine components of their firm’s external and internal environments to understand the dynamic and far-reaching changes that are occurring. This presentation focuses on the environmental factors that companies need to analyze for developing strategic options.
At the end of this tutorial students should be able to:
Understand the importance of the influencing forces with in an organization’s environment .
Describe the general and task environments.
BUSINESS FORMATION & FUNDING OPTIONS BUSINESS & ENTREPRTawnaDelatorrejs
BUSINESS FORMATION & FUNDING OPTIONS
BUSINESS & ENTREPRENEURSHIP PROGRAM OXFORD SUMMER COURSES
1
STAKEHOLDER ANALYSIS
In this excerpt we are going to reflect on and dive deeper into the stakeholder
analysis. You will need this document for the completion of this work activity as well
as for your final project work to complete Topic 2.
What Is a Stakeholder? 1
A stakeholder is a party that has an interest in a company and can either affect or be
affected by the business. The primary stakeholders in a typical corporation are
its investors, employees, customers and suppliers. However, the modern theory of
the idea goes beyond this original notion to include additional stakeholders such as
a community, government or trade association.
Understanding Stakeholder
Stakeholders can be internal or external. Internal stakeholders are people whose
interest in a company comes through a direct relationship, such as employment,
ownership or investment. External stakeholders are those people who do not directly
work with a company but are affected in some way by the actions and outcomes of
said business. Suppliers, creditors and public groups are all considered external
stakeholders.
Example of an Internal Stakeholder
Investors are a common type of internal stakeholder and are greatly impacted by the
outcome of a business. If, for example, a venture capital firm decides to invest $5
million into a technology startup in return for 10% equity and significant influence, the
firm becomes an internal stakeholder of the startup. The return of the company's
investment hinges on the success, or failure, of the startup, meaning it has a vested
interest.
An Example of an External Stakeholder
External stakeholders are a little harder to identify, seeing as they do not have a direct
relationship with the company. Instead, an external stakeholder is normally a person
or organization affected by the operations of the business. When a company goes
over the allowable limit of carbon emissions, for example, the town in which the
company is located is considered an external stakeholder because it is affected by
the increased pollution.
Conversely, external stakeholders may also sometimes have a direct effect on a
company but are not directly tied to it. The government, for example, is an external
stakeholder. When it makes policy changes on carbon emissions, continuing from
above, the decision affects the operations of any business with increased levels of
carbon.
Problems With Stakeholders
1 https://www.investopedia.com/terms/s/stakeholder.asp
BUSINESS FORMATION & FUNDING OPTIONS
BUSINESS & ENTREPRENEURSHIP PROGRAM OXFORD SUMMER COURSES
2
A common problem that arises with having numerous stakeholders in an enterprise
is their various self interests may not all be aligned. In fact, they may be in direct
conflict. The primary goal of a corporation, for example, from the viewpoint of its
sha ...
THE BUSINESS ENVIRONMENT OF THE ENTERPRISEAnil Kumar
The business environment of an enterprise is the sum total of all subjective and
objective factors and conditions, which have an interactive relationship, and
have an indirect or direct influence on the business activities of an enterprise or
Francesca Gottschalk - How can education support child empowerment.pptxEduSkills OECD
Francesca Gottschalk from the OECD’s Centre for Educational Research and Innovation presents at the Ask an Expert Webinar: How can education support child empowerment?
Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
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Acetabularia acetabulum is a single-celled green alga that in its vegetative state is morphologically differentiated into a basal rhizoid and an axially elongated stalk, which bears whorls of branching hairs. The single diploid nucleus resides in the rhizoid.
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It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
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Personal development courses are widely available today, with each one promising life-changing outcomes. Tim Han’s Life Mastery Achievers (LMA) Course has drawn a lot of interest. In addition to offering my frank assessment of Success Insider’s LMA Course, this piece examines the course’s effects via a variety of Tim Han LMA course reviews and Success Insider comments.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
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3. External Environments
External Environment includes all factors outside the
organization that can potentially affect the business
operations. The organization has no control over these
factors. The external environment embraces factors that
generally affect all types of organizations. The environment
includes technological, economic, socio-cultural, political-
legal, and international dimensions.
4. External Environments
The external environment can be divided into two sub-layers:
1. General Environment
2. Task Environment
General Environment
The general environment consists of factors that affect
organizations indirectly. These factors are widely dispersed,
broad and distant. They may not directly affect organizations’
day-to-day operations but they influence the performance of
all firms eventually.
5. Elements of General Environment
1. International Dimension
This refers to the degree to which an organization is involved and
affected by global factors. It includes global competitors and global
consumer markets. Today, because of advancements in technology, we
have become more connected. Companies these days have to compete
on an international scale.
2. Technological Dimension
The technological dimension has changed rapidly over the past
years. It also has massively affected every organization nowadays. This
includes scientific and technological advancements both in specific
industries and the society at large.
6. Elements of General Environment
3. Sociocultural Dimension
The sociocultural dimension represents the demographic
characteristics, norms, mores, and values of the society in which the
organization operates. Expectations of society are constantly changing.
Managers need to understand these changes in order to meet
customers’ needs and wants.
4. Economic Dimension
The economic dimension represents the overall status of the
economy in the place or country of a business. Inflation,
unemployment, and interest rates are important economic factors for
businesses. Each economic variable affects the business activities. It is
important for companies to look at the economic system as a whole.
7. Elements of General Environment
5. Legal-Political Dimension
The legal-political dimension represents all government
rules and regulations implemented in the country that may
influence the organization’s behavior. Pressure groups use the
legal-political framework to persuade businesses to be socially
responsible. It is critical that managers comprehend the effects of
the activities of these agencies and groups.
8. Task Environments
The task environment is closer to the organization and directly
affects the company’s day-to-day transactions. It consists of
competitors, suppliers, and customers.
Elements of Task Environment
1. Suppliers
Suppliers provide the raw materials the organization uses to
produce its outputs. It is important for managers to maintain good
relationships with their suppliers so that provision of good quality
materials at low prices will always be guaranteed.
9. Task Environments
2. Customers
The primary goal of an organization is the satisfaction of its
customers. They pay the value of the organization’s products or
services through money. They are one of the most important
components of a business. Managers must pay close attention to
this dimension because they are the ones who keep a company
alive and operating.
10. Task Environments
3. Competitors and New Entrants
Organizations are always influenced by their competitors.
Competitors are referred to as other organizations in the same
industry or type of business
that provide goods or services to the same set of customers
(Daft,2008). Every industry is involved in a competitive war.
Managers must understand their company’s competitive position as
well as know its competitors in order to design strategies that will
make them maintain their market standing. New entrants are
potential competitors of the company.
11. Task Environments
4. Regulators
Regulators have the authority to control, regulate or influence
an organization’s policies and practices. They can include
government agencies and interest groups.
5. Strategic Partners
Strategic partners are organizations and individuals the
company comes to an understanding with. They somehow influence
the organization’s activities.
12. Internal Environments
The internal environment of an organization consists
of those forces and elements that are within the boundaries of the
organization. The organization has direct control over these factors.
Elements of Internal Environment
1. Owners and Shareholders
They are the people who invested in the company and basically
own the organization in a way that they have property rights and claims.
They can be an individual, group of people or someone who bought a
share of stocks. The managers must take important care of the owners of
the organizations because they have the right to change policies at any
time and they have a big influence on the affairs of the company.
13. Internal Environments
Elements of Internal Environment
2. Board of Directors
The board of directors is the elected governing body by the
stockholders. They oversee the firm’s top managers.
3. Employees
Employees are the most essential element of the
organization’s internal environment. They perform the activities of
the firm in exchange for wages, salary, and other benefits.
14. Internal Environments
Elements of Internal Environment
4. Organizational Culture
Organizational culture is the values, beliefs, habits, norms,
and understanding that are shared by members of an organization.
The culture within the organization plays a significant role in
organizational success.
15. Environmental Scanning: SWOT and PEST Analysis
Before formulating strategies for the organization to remain
competitive in the market, managers must be knowledgeable about
the present-day realities for them to adapt to uncertainties and
avoid regret in the future. Hence, environmental scanning is
necessary. Environmental scanning is the process of investigating
internal and external environments. Its purpose is to help managers
determine the future direction of the organization.
16. SWOT Analysis
SWOT stands for Strengths, Weaknesses, Opportunities, and
Threats. It examines both internal and external factors to measure
the organization's competitive position. It is intended to be fact-
based, realistic, and data-driven.
17. SWOT Analysis
Strengths. They are the things where the organization excels. It is
what separates them from competitors. Examples of an
organization’s strengths include a loyal customer base, strong
culture, a strong brand, and unique technology.
Weaknesses. These are the areas of improvement inside the
organization. They hinder the organization from performing at the
maximum level. They can include a lack of quality suppliers, lack of
investments, and weak brands.
18. SWOT Analysis
Opportunities. These refer to external factors that could
favorably give the organization an advantage. They include
market share, increasing sales, and location.
Threats. These are external factors that can harm the
organization. They include calamities, increasing competition,
and costs of supply.
19.
20. PEST Analysis
PEST contains four components: Political, Economic,
Social/Cultural, and Technological. The PEST corresponds to
the Opportunities and Threats in the SWOT. It examines the
broader and major external environment of the organization.
22. PEST Analysis
Political. This area of PEST analysis includes government policies
that can affect the organization. The political climate at the local
and international levels can also influence the organization.
Economics. This aspect focuses on factors of interest, exchange
rates, economic growth, supply and demand, inflation, and
recession.
23. PEST Analysis
Social. This includes the demographic characteristics, cultures, and
trends in lifestyle and workplace.
Technology. This factor includes new developments, funding research,
global communications, trends, and changes in technology.
