This document provides an overview of business studies and the various business environments. It discusses the micro, market, and macro environments that businesses must navigate. Specifically, it covers three key points:
1) The micro environment refers to internal aspects a business can control, like vision, culture, and resources. The market environment consists of external factors like customers, suppliers, and competitors.
2) Business sectors are divided into primary (natural resources), secondary (manufacturing), and tertiary (services). There are also formal and informal economic sectors.
3) Understanding the interrelationship between micro, market, and macro environments is important for strategic planning and SWOT analysis. Ongoing environmental scanning allows businesses to identify
This document provides an overview of business and its environment. It begins by defining business and describing the different types, including commerce, industry, and services. It then discusses the objectives of business firms, which include profit-making, growth, power, employee satisfaction, quality products/services, market leadership, and service to society.
The document outlines the direct and indirect elements of a business's external environment, such as customers, suppliers, competitors, labor, financial institutions, government agencies, technological changes, economic conditions, and political/legal factors. It also describes strategies businesses use to cope with and control their uncertain environments, such as buffering, smoothing, forecasting, and structural complexity.
The unit discusses the theoretical framework of business environment which includes the internal environment that is controllable and the external or macro environment consisting of political, legal, economic, technological, demographic and global factors. It explains techniques to analyze the environment like PESTLE, SWOT and environmental scanning. Recent developments in India's political, economic and social environment are also highlighted. The unit then focuses on SWOT analysis of Indian economy and achievements of five year plans in India towards industrialization and economic growth.
The report identifies the current HR practices at John Keells in terms of recruitment and selection. More effective methods such as using mass media to advertise on available opportunities, a more suitable role specification document have been proposed to carry out the recruitment and selection processes smoothly. The training and development requirements at the organisation are identified next. Training programs and learning activities that are required to up build the career progression of the employees are recommended after a critical evaluation.
Staff motivation is an important component in the HR process. Hence the classical motivation theories are evaluated to reach a hybrid model which is more applicable to the culture at John Keells. The effective leadership skills that would generate staff motivation are highlighted in detail.
As the final section the possible change management challenges that would arise with the recommendations made for the HR practices at John Keells are identified with the methods to overcome them and carryout a successful change management process to restructure the HR practices at John Keells Group.
Course Contents:
Module 1: Introduction: Business in a social system; business and economic system; Business
objectives; internal environment and external environment.
Module 2: Business Ethics: Principles of Business Ethics; Doctrine of trusteeship; unethical practices;
good ethics and good business. Social responsibility of business; Doctrine of social
responsibility: Rationale of social responsibility; control of monopoly and restrictive and
unfair trade practices.
Module 3: Business Environment: Business in a social system-internal environment or business
external environment- Economic-political-socio-cultural-technological environment – case
studies.
Module 4: Business Policy: Importance of business policy-essentials of business policy classification or
business policy-Production policy-personnel policy- Financial policy- Marketing Policy-case
studies.
This document provides an assignment submitted by Md. Kamruzzaman Juel, a student at East End Computing & Business College, on the topic of "Business Environment." The assignment includes an acknowledgement, objectives, contents, and body sections. It analyzes Tata Motors' mission, values, objectives and key stakeholders. It evaluates Tata's achievement of objectives for customers, community, and employees. Finally, it discusses Tata's responsibilities and strategies to meet them, including their CSR strategy and differentiation strategy.
Report for Business Start-Up Training PalawAung Lwin
This document provides a report on a small business start-up skills training conducted in Palaw Townships, Myanmar from January 14-15, 2014. The training was organized by World Vision Myanmar and aimed to teach 27 participants, who were members of village savings and loan associations, skills related to starting small businesses. Over the two days, participants learned about basic economic concepts, marketing, accounting, and business planning. Evaluations showed participants' knowledge increased, with correct answers on a post-test rising from 31% to 80%. Most participants were interested in starting trading, livestock or agriculture businesses. The report concludes more time may be needed to cover all material and suggests evaluating training impact by following up on whether participants started businesses.
The objective was to safeguard the interest of labor/workmen and management by securing the highest level of mutual understanding and good-will among all those sections in the industry which participate in the process of effective production .
Dissertation Importance of Motivation and Retention for London Restaurant SampleDissertationFirst
The Hospitality Industry is one of the biggest industry which helps in giving employment to the people. It has been declared that in spite the global crises this particular industry will never have the problem of credit crunch as people will never stop eating. It is also predicted that this industry will have its downfall almost at the bottom of all (United Nations World Tourism Organisation, 2009). Along with this it is also been declared as the 5th largest industry which gives employment to the people.
The report by the British Hospitality Association commonly known as BHA has made a report which clearly says that the Hospitality industries contribution to the economy cannot be neglected. This contribution helps the UK markets economy grown. Sir David Michel(2010), the president of BHA said that the report which was prepared by the Oxford Economics department made it very clear that the economy of UK is backed by the hospitality industry. Along with this he also added that it has a huge amount of potential in creating jobs and this needs to be focused in order to help get the economy high. The report clearly states that its 5th largest industry which helps employment and employs around 2.4m people that is (1 in 13 of the total jobs). The report estimates that 400,000jobs in the hospitality industry and related services. There are 1.26m jobs in the restaurant industry, 750,000 in the contract catering industry and also in-housecatering, along with this the event management industry has 20,000jobs. The president also added that the hospitality industry makes a turnover of £90bn and this helps to contribute to the £46bn to the UK economy in GVA( this is wage and profits), this helps to achieve the £34bn in gross tax revenue.
In short the BHA president, Sir David Michel wanted to say that, the 4.2% of the total investment done in the UK economy is done by the hospitality industry, by creating a sustainability of 61,000 jobs along with 39,000 of this jobs in construction and related activities.
This report clearly states that it’s a huge industry which helps in creating employment, but the most important part is to retain the staff by fulfilling their needs and motivating them to stay back and work efficiently. For this the birth of Humana Resource Management came into being, more aptly known as HRM.
This document provides an overview of business and its environment. It begins by defining business and describing the different types, including commerce, industry, and services. It then discusses the objectives of business firms, which include profit-making, growth, power, employee satisfaction, quality products/services, market leadership, and service to society.
The document outlines the direct and indirect elements of a business's external environment, such as customers, suppliers, competitors, labor, financial institutions, government agencies, technological changes, economic conditions, and political/legal factors. It also describes strategies businesses use to cope with and control their uncertain environments, such as buffering, smoothing, forecasting, and structural complexity.
The unit discusses the theoretical framework of business environment which includes the internal environment that is controllable and the external or macro environment consisting of political, legal, economic, technological, demographic and global factors. It explains techniques to analyze the environment like PESTLE, SWOT and environmental scanning. Recent developments in India's political, economic and social environment are also highlighted. The unit then focuses on SWOT analysis of Indian economy and achievements of five year plans in India towards industrialization and economic growth.
The report identifies the current HR practices at John Keells in terms of recruitment and selection. More effective methods such as using mass media to advertise on available opportunities, a more suitable role specification document have been proposed to carry out the recruitment and selection processes smoothly. The training and development requirements at the organisation are identified next. Training programs and learning activities that are required to up build the career progression of the employees are recommended after a critical evaluation.
Staff motivation is an important component in the HR process. Hence the classical motivation theories are evaluated to reach a hybrid model which is more applicable to the culture at John Keells. The effective leadership skills that would generate staff motivation are highlighted in detail.
As the final section the possible change management challenges that would arise with the recommendations made for the HR practices at John Keells are identified with the methods to overcome them and carryout a successful change management process to restructure the HR practices at John Keells Group.
Course Contents:
Module 1: Introduction: Business in a social system; business and economic system; Business
objectives; internal environment and external environment.
Module 2: Business Ethics: Principles of Business Ethics; Doctrine of trusteeship; unethical practices;
good ethics and good business. Social responsibility of business; Doctrine of social
responsibility: Rationale of social responsibility; control of monopoly and restrictive and
unfair trade practices.
Module 3: Business Environment: Business in a social system-internal environment or business
external environment- Economic-political-socio-cultural-technological environment – case
studies.
Module 4: Business Policy: Importance of business policy-essentials of business policy classification or
business policy-Production policy-personnel policy- Financial policy- Marketing Policy-case
studies.
This document provides an assignment submitted by Md. Kamruzzaman Juel, a student at East End Computing & Business College, on the topic of "Business Environment." The assignment includes an acknowledgement, objectives, contents, and body sections. It analyzes Tata Motors' mission, values, objectives and key stakeholders. It evaluates Tata's achievement of objectives for customers, community, and employees. Finally, it discusses Tata's responsibilities and strategies to meet them, including their CSR strategy and differentiation strategy.
Report for Business Start-Up Training PalawAung Lwin
This document provides a report on a small business start-up skills training conducted in Palaw Townships, Myanmar from January 14-15, 2014. The training was organized by World Vision Myanmar and aimed to teach 27 participants, who were members of village savings and loan associations, skills related to starting small businesses. Over the two days, participants learned about basic economic concepts, marketing, accounting, and business planning. Evaluations showed participants' knowledge increased, with correct answers on a post-test rising from 31% to 80%. Most participants were interested in starting trading, livestock or agriculture businesses. The report concludes more time may be needed to cover all material and suggests evaluating training impact by following up on whether participants started businesses.
The objective was to safeguard the interest of labor/workmen and management by securing the highest level of mutual understanding and good-will among all those sections in the industry which participate in the process of effective production .
Dissertation Importance of Motivation and Retention for London Restaurant SampleDissertationFirst
The Hospitality Industry is one of the biggest industry which helps in giving employment to the people. It has been declared that in spite the global crises this particular industry will never have the problem of credit crunch as people will never stop eating. It is also predicted that this industry will have its downfall almost at the bottom of all (United Nations World Tourism Organisation, 2009). Along with this it is also been declared as the 5th largest industry which gives employment to the people.
The report by the British Hospitality Association commonly known as BHA has made a report which clearly says that the Hospitality industries contribution to the economy cannot be neglected. This contribution helps the UK markets economy grown. Sir David Michel(2010), the president of BHA said that the report which was prepared by the Oxford Economics department made it very clear that the economy of UK is backed by the hospitality industry. Along with this he also added that it has a huge amount of potential in creating jobs and this needs to be focused in order to help get the economy high. The report clearly states that its 5th largest industry which helps employment and employs around 2.4m people that is (1 in 13 of the total jobs). The report estimates that 400,000jobs in the hospitality industry and related services. There are 1.26m jobs in the restaurant industry, 750,000 in the contract catering industry and also in-housecatering, along with this the event management industry has 20,000jobs. The president also added that the hospitality industry makes a turnover of £90bn and this helps to contribute to the £46bn to the UK economy in GVA( this is wage and profits), this helps to achieve the £34bn in gross tax revenue.
In short the BHA president, Sir David Michel wanted to say that, the 4.2% of the total investment done in the UK economy is done by the hospitality industry, by creating a sustainability of 61,000 jobs along with 39,000 of this jobs in construction and related activities.
This report clearly states that it’s a huge industry which helps in creating employment, but the most important part is to retain the staff by fulfilling their needs and motivating them to stay back and work efficiently. For this the birth of Humana Resource Management came into being, more aptly known as HRM.
This document provides background information on industry and environmental analysis for identifying business opportunities. It discusses industry analysis as a tool used by businesses to understand competitive dynamics. A SWOT analysis is introduced as a framework to assess internal and external factors that may impact a business's performance. Key areas of industry analysis are also outlined, including competitors, customers, suppliers, and substitutes. Environmental analysis examines external influences on a business such as economic, political, cultural, and competitive factors.
The document provides an overview of the business environment syllabus for a semester course. It includes sections on the global, technological, political, economic, government policy, and natural environments. It also discusses the meaning and objectives of studying the business environment, as well as the process of environmental analysis and its importance for strategic decision making. Key topics covered are PESTLE analysis, Porter's five forces model, techniques for environmental scanning, and the internal and external factors that comprise a company's business environment.
The marketing environment and the marketing information systemNGANG PEREZ
In this second chapter of our lecture we will begin with the environment and latter move to analyze the constituents in this environment regarding the market. You know, whether a business be carried online, or on air, or on land, or on waters, one thing is certain that it was conducted within an environment. Therefore understanding this environment becomes imperative for the success of the business always. Please take marketing students, the environment is one; but the conditions and the parameters are not always the same. Many people believe that organizations can survive if they are sure about the management of their internal systems like business processes, flow of goods and internal practices of quality and cost control. Most organizations devote a large part of their effort in managing the internal controllable elements, whereas they need to respond and adapt to the external environmental changes. Though they cannot significantly influence the external environment but they can be responsive to larger social and other environmental changes, which is likely to affect their business in both short run and long run. It is imperative for an organization to understand the market as well their consumers really well. I will not speak much before we get in to the details of the matter.
This document provides an overview of business environment analysis and entrepreneurship. It defines business environment and discusses factors like internal environment, market environment, and macro environment. It also explains tools for analyzing business environment like PESTEL analysis and SWOT analysis. The document outlines key elements of developing an effective business plan including executive summary, company description, products/services, marketing plan, financial projections, and more. Overall, the document presents concepts and frameworks for understanding a business's external environment and internal strengths/weaknesses as tools for entrepreneurial planning.
Presentation on BE module 1_nep_bba_____Sameeksha K
This document provides an overview of business environment concepts. It defines business and outlines the scope and objectives of business, including profitability, customer satisfaction, innovation, quality products, and social responsibility. The business environment encompasses factors that affect a company's operations, both internal like value systems and objectives, and external like economic, social, cultural, innovation and technology trends. Environmental analysis is the process of identifying, assessing, auditing and profiling these environmental factors and their impact on business. Key aspects of analysis include scanning, monitoring, forecasting and assessing using models like Porter's Five Forces. Understanding the micro environment of customers, competitors and suppliers directly influences decisions, while the macro environment of economic, social and political trends shapes long-term
small business & epreneurship development U2.pdfkittustudy7
The document discusses entrepreneurial environment and the entrepreneurial development process. It defines entrepreneurial environment as a place that emphasizes identifying and pursuing opportunities while accepting calculated risks. It notes that entrepreneurial environment includes factors like government policies, access to financing, and the legal system.
The entrepreneurial development process is summarized as having five phases: idea generation, opportunity evaluation, planning, company formation/launch, and growth. Opportunity evaluation involves determining if an opportunity is worth investing in. Planning creates a business strategy and operating plan. Company formation makes the venture a legal entity.
ABM 11_ORGANIZATION AND MANAGEMENT_Q1_W2_Mod2.pdfMargerieFruelda1
This document provides instructions for a learning module on analyzing environmental forces using PEST and SWOT strategies. It explains that the module will help students understand various internal and external factors influencing business. It outlines the parts of the module, including expectations, pre-test, lesson content, and post-test. The content will define key terms, describe analyzing the micro and macro environment using PESTEL and Porter's Five Forces, and identify factors in each category like suppliers, competitors, and economic/political conditions. Students are instructed to carefully follow the steps and complete activities to apply what they learn.
The document provides an overview of the Indian business environment and key factors that affect businesses. It discusses (1) what constitutes a business environment and how it impacts business decisions, strategies, and performance, (2) important macro environmental factors like social, technological, political, legal and regulatory aspects that influence businesses, and (3) various models for analyzing the business environment and formulating business strategies.
This document appears to be a resume or portfolio for an individual named Trinh Thai. It includes sections on personal details, education, career goals, and samples of previous projects. The education section lists several business, marketing, accounting, and communications courses taken by Trinh Thai as part of an International Business Management program. The career goals section indicates a desire to become a Human Resources Manager in the jewelry industry. The project samples provide brief descriptions of previous work establishing a company, marketing reports, and projects completed for other companies.
Understanding Canadian Business Canadian 9th Edition Nickels Solutions ManualAspenAspenA
Full download : https://alibabadownload.com/product/understanding-canadian-business-canadian-9th-edition-nickels-solutions-manual/ Understanding Canadian Business Canadian 9th Edition Nickels Solutions Manual
The document provides information on understanding micro and macro economic environments and their impact on business organizations. It discusses key topics like business objectives, market structures, determinants of national income, government policies, and how the macro environment impacts businesses. Case studies on olive oil production are used to explain concepts. Microeconomic factors like supply, demand, and price elasticity are important for new businesses, marketing, management, and finance. Market structures like perfect competition, oligopoly, and monopoly influence businesses differently. The macro environment incorporates population trends, economic conditions, and other national and global trends that businesses must consider.
Business environment:the definition of business environment, “the sum total of all individuals, institutions and other forces(like suppliers, competitors, consumer groups, media, government, customers, economic conditions, market conditions, investors, technologies, trends) that are outside the control of a business enterprise but the business still depends upon them as they affect the overall performance and sustainability of the business.”For business we need…..
• Finance
• Social norms
• Proper market conditions
• The sale of products/services
• The labour
• Natural resources and raw material
• Legal support
Concept of business:
• Profit concept of business
• Profit –cum-service concept of business
Importance of business environment:
• Identifying firm’s strength and weakness:
• Determining opportunities and threats:
• Giving direction for growth:
• Continuous learning:
• Meeting competition:
1) A company is a unit of economic activity that organizes production to provide goods and services for profit and to satisfy community needs.
2) The placement and location of a company is an important factor in achieving company goals and efficiency. Location is influenced by economic factors like availability of raw materials, labor, and proximity to markets.
3) A company functions as a system where all economic resources work together under management and operational functions to achieve the overall goals of profit and satisfying customer demand.
This document discusses opportunity scouting and idea generation for new business ventures. It covers environmental analysis including the international, macro, and sectoral environments. The macro environment includes political, technological, social, legal, and economic factors. Sectoral analysis examines industry attractiveness based on profits, growth trends, competition, substitutes, and entry barriers. Opportunity scouting involves actively searching for business ideas by scanning the environment. The entrepreneurial process begins with identifying opportunities and evaluating them through screening and feasibility analysis to crystallize a business idea.
Unit 1 - Digital Notes - MG 8091 EDP - VIII Sem 2021-22 Even.pdfWorkCit
This document provides information about an entrepreneurship development course offered by RMK Group of Educational Institutions. It includes a disclaimer noting the confidential nature of the document and instructions for recipients if it was received in error.
The document then outlines the course details, including the course objectives, prerequisites, syllabus divided into 5 units on topics like entrepreneurship, motivation, business, financing and accounting, and support for entrepreneurs. It also includes the course outcomes, mapping of course outcomes to program outcomes, a lecture plan with topics and delivery modes, suggestions for activity based learning, and sample lecture notes for Unit 1 on entrepreneurship.
BE UNIT 1 IST PRESENTATION 2 (4).pdf most importantbaghlaamit6
The document discusses business and business environment. It defines business as an economic activity involving the exchange of goods and services to earn profits. It notes businesses can be for-profit or non-profit. The business environment is summarized as the collection of internal and external factors that influence how a company operates, including customers, management, suppliers, competitors, and economic, social and regulatory conditions. The micro-environment surrounding a specific business includes customers, suppliers, resellers and competitors, while the larger macro-environment consists of economic, technological, political and cultural forces affecting all businesses.
This document provides an introduction to the business environment and its key components. It defines business environment as the combination of internal and external factors that influence a company's operations. The external environment is further divided into micro and macro environments. Micro environment includes factors directly affecting the business like suppliers, customers, competitors etc. Macro environment includes broader factors like economic, political, social and technological conditions. The document discusses the characteristics, significance and analysis of business environment including SWOT analysis. It also explains the internal environment factors under a company's control like vision, management structure, human resources etc. Environmental scanning and monitoring are important steps of environmental analysis.
business environment first sem m.com calicut universityJAMSHAD KVM
This document provides an introduction to the business environment and its key concepts. It defines business environment as the combination of internal and external factors that influence a company's operations. It discusses the characteristics of the business environment such as being complex, dynamic, uncertain and relative. The significance of understanding the business environment for a business is explained. Environmental analysis and its stages including scanning, monitoring, forecasting and assessment are described. SWOT analysis is introduced as an important tool for business environment analysis. Finally, the internal and external components of the business environment are outlined.
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.
This document provides background information on industry and environmental analysis for identifying business opportunities. It discusses industry analysis as a tool used by businesses to understand competitive dynamics. A SWOT analysis is introduced as a framework to assess internal and external factors that may impact a business's performance. Key areas of industry analysis are also outlined, including competitors, customers, suppliers, and substitutes. Environmental analysis examines external influences on a business such as economic, political, cultural, and competitive factors.
The document provides an overview of the business environment syllabus for a semester course. It includes sections on the global, technological, political, economic, government policy, and natural environments. It also discusses the meaning and objectives of studying the business environment, as well as the process of environmental analysis and its importance for strategic decision making. Key topics covered are PESTLE analysis, Porter's five forces model, techniques for environmental scanning, and the internal and external factors that comprise a company's business environment.
The marketing environment and the marketing information systemNGANG PEREZ
In this second chapter of our lecture we will begin with the environment and latter move to analyze the constituents in this environment regarding the market. You know, whether a business be carried online, or on air, or on land, or on waters, one thing is certain that it was conducted within an environment. Therefore understanding this environment becomes imperative for the success of the business always. Please take marketing students, the environment is one; but the conditions and the parameters are not always the same. Many people believe that organizations can survive if they are sure about the management of their internal systems like business processes, flow of goods and internal practices of quality and cost control. Most organizations devote a large part of their effort in managing the internal controllable elements, whereas they need to respond and adapt to the external environmental changes. Though they cannot significantly influence the external environment but they can be responsive to larger social and other environmental changes, which is likely to affect their business in both short run and long run. It is imperative for an organization to understand the market as well their consumers really well. I will not speak much before we get in to the details of the matter.
This document provides an overview of business environment analysis and entrepreneurship. It defines business environment and discusses factors like internal environment, market environment, and macro environment. It also explains tools for analyzing business environment like PESTEL analysis and SWOT analysis. The document outlines key elements of developing an effective business plan including executive summary, company description, products/services, marketing plan, financial projections, and more. Overall, the document presents concepts and frameworks for understanding a business's external environment and internal strengths/weaknesses as tools for entrepreneurial planning.
Presentation on BE module 1_nep_bba_____Sameeksha K
This document provides an overview of business environment concepts. It defines business and outlines the scope and objectives of business, including profitability, customer satisfaction, innovation, quality products, and social responsibility. The business environment encompasses factors that affect a company's operations, both internal like value systems and objectives, and external like economic, social, cultural, innovation and technology trends. Environmental analysis is the process of identifying, assessing, auditing and profiling these environmental factors and their impact on business. Key aspects of analysis include scanning, monitoring, forecasting and assessing using models like Porter's Five Forces. Understanding the micro environment of customers, competitors and suppliers directly influences decisions, while the macro environment of economic, social and political trends shapes long-term
small business & epreneurship development U2.pdfkittustudy7
The document discusses entrepreneurial environment and the entrepreneurial development process. It defines entrepreneurial environment as a place that emphasizes identifying and pursuing opportunities while accepting calculated risks. It notes that entrepreneurial environment includes factors like government policies, access to financing, and the legal system.
The entrepreneurial development process is summarized as having five phases: idea generation, opportunity evaluation, planning, company formation/launch, and growth. Opportunity evaluation involves determining if an opportunity is worth investing in. Planning creates a business strategy and operating plan. Company formation makes the venture a legal entity.
ABM 11_ORGANIZATION AND MANAGEMENT_Q1_W2_Mod2.pdfMargerieFruelda1
This document provides instructions for a learning module on analyzing environmental forces using PEST and SWOT strategies. It explains that the module will help students understand various internal and external factors influencing business. It outlines the parts of the module, including expectations, pre-test, lesson content, and post-test. The content will define key terms, describe analyzing the micro and macro environment using PESTEL and Porter's Five Forces, and identify factors in each category like suppliers, competitors, and economic/political conditions. Students are instructed to carefully follow the steps and complete activities to apply what they learn.
The document provides an overview of the Indian business environment and key factors that affect businesses. It discusses (1) what constitutes a business environment and how it impacts business decisions, strategies, and performance, (2) important macro environmental factors like social, technological, political, legal and regulatory aspects that influence businesses, and (3) various models for analyzing the business environment and formulating business strategies.
This document appears to be a resume or portfolio for an individual named Trinh Thai. It includes sections on personal details, education, career goals, and samples of previous projects. The education section lists several business, marketing, accounting, and communications courses taken by Trinh Thai as part of an International Business Management program. The career goals section indicates a desire to become a Human Resources Manager in the jewelry industry. The project samples provide brief descriptions of previous work establishing a company, marketing reports, and projects completed for other companies.
Understanding Canadian Business Canadian 9th Edition Nickels Solutions ManualAspenAspenA
Full download : https://alibabadownload.com/product/understanding-canadian-business-canadian-9th-edition-nickels-solutions-manual/ Understanding Canadian Business Canadian 9th Edition Nickels Solutions Manual
The document provides information on understanding micro and macro economic environments and their impact on business organizations. It discusses key topics like business objectives, market structures, determinants of national income, government policies, and how the macro environment impacts businesses. Case studies on olive oil production are used to explain concepts. Microeconomic factors like supply, demand, and price elasticity are important for new businesses, marketing, management, and finance. Market structures like perfect competition, oligopoly, and monopoly influence businesses differently. The macro environment incorporates population trends, economic conditions, and other national and global trends that businesses must consider.
Business environment:the definition of business environment, “the sum total of all individuals, institutions and other forces(like suppliers, competitors, consumer groups, media, government, customers, economic conditions, market conditions, investors, technologies, trends) that are outside the control of a business enterprise but the business still depends upon them as they affect the overall performance and sustainability of the business.”For business we need…..
• Finance
• Social norms
• Proper market conditions
• The sale of products/services
• The labour
• Natural resources and raw material
• Legal support
Concept of business:
• Profit concept of business
• Profit –cum-service concept of business
Importance of business environment:
• Identifying firm’s strength and weakness:
• Determining opportunities and threats:
• Giving direction for growth:
• Continuous learning:
• Meeting competition:
1) A company is a unit of economic activity that organizes production to provide goods and services for profit and to satisfy community needs.
2) The placement and location of a company is an important factor in achieving company goals and efficiency. Location is influenced by economic factors like availability of raw materials, labor, and proximity to markets.
3) A company functions as a system where all economic resources work together under management and operational functions to achieve the overall goals of profit and satisfying customer demand.
This document discusses opportunity scouting and idea generation for new business ventures. It covers environmental analysis including the international, macro, and sectoral environments. The macro environment includes political, technological, social, legal, and economic factors. Sectoral analysis examines industry attractiveness based on profits, growth trends, competition, substitutes, and entry barriers. Opportunity scouting involves actively searching for business ideas by scanning the environment. The entrepreneurial process begins with identifying opportunities and evaluating them through screening and feasibility analysis to crystallize a business idea.
Unit 1 - Digital Notes - MG 8091 EDP - VIII Sem 2021-22 Even.pdfWorkCit
This document provides information about an entrepreneurship development course offered by RMK Group of Educational Institutions. It includes a disclaimer noting the confidential nature of the document and instructions for recipients if it was received in error.
The document then outlines the course details, including the course objectives, prerequisites, syllabus divided into 5 units on topics like entrepreneurship, motivation, business, financing and accounting, and support for entrepreneurs. It also includes the course outcomes, mapping of course outcomes to program outcomes, a lecture plan with topics and delivery modes, suggestions for activity based learning, and sample lecture notes for Unit 1 on entrepreneurship.
BE UNIT 1 IST PRESENTATION 2 (4).pdf most importantbaghlaamit6
The document discusses business and business environment. It defines business as an economic activity involving the exchange of goods and services to earn profits. It notes businesses can be for-profit or non-profit. The business environment is summarized as the collection of internal and external factors that influence how a company operates, including customers, management, suppliers, competitors, and economic, social and regulatory conditions. The micro-environment surrounding a specific business includes customers, suppliers, resellers and competitors, while the larger macro-environment consists of economic, technological, political and cultural forces affecting all businesses.
This document provides an introduction to the business environment and its key components. It defines business environment as the combination of internal and external factors that influence a company's operations. The external environment is further divided into micro and macro environments. Micro environment includes factors directly affecting the business like suppliers, customers, competitors etc. Macro environment includes broader factors like economic, political, social and technological conditions. The document discusses the characteristics, significance and analysis of business environment including SWOT analysis. It also explains the internal environment factors under a company's control like vision, management structure, human resources etc. Environmental scanning and monitoring are important steps of environmental analysis.
business environment first sem m.com calicut universityJAMSHAD KVM
This document provides an introduction to the business environment and its key concepts. It defines business environment as the combination of internal and external factors that influence a company's operations. It discusses the characteristics of the business environment such as being complex, dynamic, uncertain and relative. The significance of understanding the business environment for a business is explained. Environmental analysis and its stages including scanning, monitoring, forecasting and assessment are described. SWOT analysis is introduced as an important tool for business environment analysis. Finally, the internal and external components of the business environment are outlined.
Similar to The revolution of business studies for all (20)
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.
This presentation was provided by Steph Pollock of The American Psychological Association’s Journals Program, and Damita Snow, of The American Society of Civil Engineers (ASCE), for the initial session of NISO's 2024 Training Series "DEIA in the Scholarly Landscape." Session One: 'Setting Expectations: a DEIA Primer,' was held June 6, 2024.
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.
This slide is special for master students (MIBS & MIFB) in UUM. Also useful for readers who are interested in the topic of contemporary Islamic banking.
Main Java[All of the Base Concepts}.docxadhitya5119
This is part 1 of my Java Learning Journey. This Contains Custom methods, classes, constructors, packages, multithreading , try- catch block, finally block and more.
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UPRAHUL
This Dissertation explores the particular circumstances of Mirzapur, a region located in the
core of India. Mirzapur, with its varied terrains and abundant biodiversity, offers an optimal
environment for investigating the changes in vegetation cover dynamics. Our study utilizes
advanced technologies such as GIS (Geographic Information Systems) and Remote sensing to
analyze the transformations that have taken place over the course of a decade.
The complex relationship between human activities and the environment has been the focus
of extensive research and worry. As the global community grapples with swift urbanization,
population expansion, and economic progress, the effects on natural ecosystems are becoming
more evident. A crucial element of this impact is the alteration of vegetation cover, which plays a
significant role in maintaining the ecological equilibrium of our planet.Land serves as the foundation for all human activities and provides the necessary materials for
these activities. As the most crucial natural resource, its utilization by humans results in different
'Land uses,' which are determined by both human activities and the physical characteristics of the
land.
The utilization of land is impacted by human needs and environmental factors. In countries
like India, rapid population growth and the emphasis on extensive resource exploitation can lead
to significant land degradation, adversely affecting the region's land cover.
Therefore, human intervention has significantly influenced land use patterns over many
centuries, evolving its structure over time and space. In the present era, these changes have
accelerated due to factors such as agriculture and urbanization. Information regarding land use and
cover is essential for various planning and management tasks related to the Earth's surface,
providing crucial environmental data for scientific, resource management, policy purposes, and
diverse human activities.
Accurate understanding of land use and cover is imperative for the development planning
of any area. Consequently, a wide range of professionals, including earth system scientists, land
and water managers, and urban planners, are interested in obtaining data on land use and cover
changes, conversion trends, and other related patterns. The spatial dimensions of land use and
cover support policymakers and scientists in making well-informed decisions, as alterations in
these patterns indicate shifts in economic and social conditions. Monitoring such changes with the
help of Advanced technologies like Remote Sensing and Geographic Information Systems is
crucial for coordinated efforts across different administrative levels. Advanced technologies like
Remote Sensing and Geographic Information Systems
9
Changes in vegetation cover refer to variations in the distribution, composition, and overall
structure of plant communities across different temporal and spatial scales. These changes can
occur natural.
How to Setup Warehouse & Location in Odoo 17 InventoryCeline George
In this slide, we'll explore how to set up warehouses and locations in Odoo 17 Inventory. This will help us manage our stock effectively, track inventory levels, and streamline warehouse operations.
Strategies for Effective Upskilling is a presentation by Chinwendu Peace in a Your Skill Boost Masterclass organisation by the Excellence Foundation for South Sudan on 08th and 09th June 2024 from 1 PM to 3 PM on each day.
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 ...
বাংলাদেশ অর্থনৈতিক সমীক্ষা (Economic Review) ২০২৪ UJS App.pdf
The revolution of business studies for all
1. THE REVOLUTION OF
BUSINESS STUDIES FOR
ALL.
LOOKING AT THE BUSINESSWORLD
WITH A DIFFERENT EYE.
N.T SKOSANA.
2. 1
TABLE OF CONTENT.
CHAPTER ONE BUSINESS ENVIRONMENTS. PAGE
1.1 MICRO ENVIRONMENT…………………………………………………………..2-4.
1.2 MARKET ENVIRONMENTS…………………………………………………….5-6.
1.3 MACRO ENVIRONMENTS……………………………………………………..7
1.4 INTERRELATIONSHIPOFMICRO,MARKET AND MACRO…8-9
CHAPTER TWO BUSINESS SECTORS.
2.1 BUSINESS SECTORS………………………………………………….10
2.2 PRIMARY,SECONDARY ANDTERTIARY SECTOR…..10-11
2.3 FORMAL AND INFORMAL SECTORS………………………..12
2.4 PRIVATEANDPUBLIC SECTORS……………………………….13-14
3. 2
1.1 MICRO ENVIRONMENT.
LEARNING OUTCOMES.
• The various components and features of the micro business environment.
• An introduction to the eight business functions:
o the role and importance of the functions within the business
o the relationship between the business functions
• An in-depth exploration of the general management, administration, financing, purchasing and
public relations functions
• The concept of quality in relation to the various business functions
• The correlation between management and the success of the business in achieving its
objectives
We are all part of an environment. You are part of the school environment. There are
many aspects of the school environment that you can control, for example the number
of hours you spend on homework, sport and socialising with your friends. This is called
the school microenvironment. There are also aspects that you can only control to a
certain degree, such as how the other learners are going to treat you during the day.
This is referred to as the school market environment. However, some aspects cannot be
controlled by you at all, such as the school hours, subjects offered and dress code of
the school. This is known as the macro environment. This situation also applies to a
business, and during these three weeks we are going to explore the various challenges
that the entrepreneur has to deal with in the micro environment.
The internal environment of a business is referred to as the micro environment, which is
the environment within which the business carries out its activities. The micro
environment consists of various components, which are dynamic and contribute to the
business’s strengths and weaknesses. It is important to remember that the business
can control all aspects of the internal environment.
4. 3
Aspect of internal environment (micro environment)
The vision, mission statement, goals and objectives.
Businesses create the vision, mission statement, goals and objectives in the form of
written statements to describe what they hope to achieve and the specific ways in which
short-, medium- and long-term goals can be reached. The vision is a statement that
explains what a business aims to achieve taking into consideration its purpose. For
example, it could be ’to be the best supermarket in South Africa’. The mission explains
the reason for the business’s existence. Goals refer to specific objectives for a particular
period. When setting goals for a business it is important to apply the SMART principles,
namely that the goals must be specific, measurable, achievable, realistic and timely.
Objectives are statements of reachable achievements that help the business to reach its
goals.
Organisational culture.
The culture of the business consists of the different beliefs, expectations and values
shared by everyone working for the enterprise. The culture determines how things are
done. For instance, in some businesses, such as advertising agencies, the culture is
rather informal. In such businesses, people may dress casually and work flexible hours.
In a bank, on the other hand, the staff are required to dress and act in a more formal
manner.
Organisational resources.
Resources are the means available to the business to help it run smoothly. Enterprises
need different types of resources, such as entrepreneurial, human, financial and natural
resources.
Management and leadership.
Workers can only be as effective as the leadership and management of the business.
Management is the process of achieving business goals through planning, organising,
leading and control. Leadership is the process of inspiring and guiding others to achieve
organisational goals. Leaders and managers should motivate their employees, and lead
5. 4
by example by being committed and hardworking. FOR MORE INFORMATION BASED
ON THIS TOPIC FOLLOW THIS LINK:
http:www.thutong.doe.gov.za/ResourceDownload.aspx?id=46212
AFTER GETTING MORE INFORMATION ON THE TOPIC. FOLLOW THE LINK FOR YOUR
ASSESSMENT.
LINK FOR ASSESSMENT: WHICH IS SUMMATIVE AND SELF MARKING:https://kahoot.it
THE GAME PIN IS :831872.
1.2 MARKET ENVIRONMENT.
LEARNING OUTCOMES.
• The different components of the market environment, including:
6. 5
o the market (consumers and customers)
o suppliers
o competitors
o intermediaries and other organisations
• Opportunities and threats faced by businesses.
The components of market environments.
The market environment sits outside the business. This means that it is external to the
business. However, the importance of the market environment is that the business can
affect the market environment as much as the business itself can be impacted by
components of this environment. The market environment consists of a number of
different components.
7. 6
Customers and consumers
Your customers and consumers are important because they keep your business
afloat. The more customers you have, the better your business does.
This is simply because the more customers you have, the more money you
have flowing through your business. It is therefore important to fully understand
the needs of your customers and to satisfy these needs at all times in
order to ensure that the customers return to your business.
Suppliers
Suppliers are other important stakeholders in the running of your business.
Suppliers provide raw materials for you to manufacture your products or
What do I still need to know?
For more information follow the
link:www.thutong.doe.gov.za/ResourceDownload.aspx?id=46212
1.3 MACRO ENVIRONMENT.
LEARNING OUTCOMES:
. Components of macro environments.
8. 7
-Physical environments.
-Economic environment.
-Technological environments.
-Social,cultural and demographic environments
The major external and uncontrollable factors that influences an organisation’s decision
making, and affect its performance and strategies.
Natural/physical environment, economic environment, social, cultural and demographic
environment, the political and legal, the technological and the international Examples of
macro environment influences include competitors, changes in interest rates changes in
cultural tastes, disastrous weather, government regulations.
FOR MORE INFORMATION FOLLOW THE LINK Business Studies Key Concepts and
Principles Grade 10 - 12 - Thutong
After reading your content you have to complete the following quiz by following the link
below: socrative students. You will then click on student login, and the room name is
SKOSANA.
1.4 INTERRELATIONSHIP OF MICRO, MARKET AND
MACRO ENVIRONMENTS.
LEARNING OUTCOMES.
Identification and forecasting phenomena in the environment
Ongoing environmental scanning is essential for strategy formulation
9. 8
Enterprises continuously engage in identifying and forecasting opportunities and threats
Enterprises need to proactively or reactively respond to changing conditions in the
environment
Various sources of information are available to assist with scanning
SWOTs analysis for business environments.
Environmental conditions may be favourable or unfavourable:
. Strength.
Represent favourable ( positive) conditions in micro, market and macro environment.
The strong points of the environment.
. Weakness.
Represent the unfavourable (negative) conditions in the environments.
•Opportunity.
. Represents favourable (positive) conditions in micro, market, macro environments
.Advantageous to firm.
. Threat.
. Represents unfavourable (negative) conditions in
micro, market, macro environments
. Detrimental to firm.
FOR MORE INFORMATION FOLLOW THIS LINK:Business Studies Key Concepts and
Principles Grade 10 - 12 - Thutong.
FOR THE ASSESSMENT FOLLOW THE LINK:GOOGLE FOR
CHAPTER TWO BUSINESS SECTORS.
LEARNING OUTCOMES.
.Primary, secondary and tertiary sectors.
10. 9
. Public sectors and Private sectors.
. Formal and informal sectors.
2.1 BUSINESS SECTORS.
The business is a section of economy related to business and corporate organisations.
The business sector does not include individual or private households, government or
not-for-profit organizations.
Types of business sectors: Primary, secondary and tertiary sectors Public sectors and
Private sectors Formal and informal sectors
2.2 PRIMARY SECTOR.
The primary sector of the economy is the sector of an economy making direct use of
natural resources. This includes agriculture, forestry, fishing and mining. In contrast, the
secondary sector produces manufactured goods, and the tertiary sector produces
services.
SECONDARY SECTOR.
The secondary sector includes industries that produce a finished, usable product or are
involved in construction.
This sector generally takes the output of the primary sector and manufactures finished
goods or where they are suitable for use by other businesses, for export, or sale to
domestic consumers. This sector is often divided into light industry and heavy industry.
Many of these industries consume large quantities of energy and require factories and
machinery to convert the raw materials into goods and products. They also produce
waste materials and waste heat that may cause environmental problems or cause
pollution. The secondary sector supports both the primary and tertiary sector.
TERTIARY SECTOR
11. 10
The tertiary sector of the economy (also known as the tertiary service sector or the
service industry). The service sector consists of the "soft" parts of the economy, i.e.
activities where people offer their knowledge and time to improve productivity,
performance, potential, and sustainability, which is termed as affective labor. The basic
characteristic of this sector is the production of services instead of end products.
Services (also known as "intangible goods") include attention, advice, access,
experience, and discussion. The production of information is generally also regarded as
a service, but some economists now attribute it to a fourth sector, the quaternary sector.
FOR MORE INFORMATION FOLLOW THE LINK:Business Studies Key Concepts and
Principles Grade 10 - 12 - Thutong
2.3 FORMAL AND INFORMAL SECTORS.
INFORMAL SECTOR.
The informal sector, informal economy is the part of an economy that is neither taxed,
nor monitored by any form of government. Unlike the formal economy, activities of the
informal economy are not included in the gross national product (GNP) and gross
domestic product (GDP) of a country.
FORMAL SECTOR.
The formal sector consists of the businesses, enterprises and economic activities that
are monitored, protected and taxed by the government.
FOR MORE INFORMATION WATCH THE FOLLOWING VIDEO:FORMAL AND
INFORMAL SECTOR.
2.4 PRIVATE AND PUBLIC SECTOR.
PRIVATE SECTORS.
12. 11
The private sector is the part of the economy, sometimes referred to as the citizen
sector, which is run by private individuals or groups, usually as a means of enterprise
for profit, and is not controlled by the State (areas of the economy controlled by the
state being referred to as the public sector).
EXAMPLE OF BUSINESSES OWNED BY PRIVATE SECTORS.
Sole proprietors, Partnerships, Public companies and Private companies
PUBLIC SECTOR.
The public sector is the part of the economy concerned with providing various
governmental services. The composition of the public sector varies by country, but in
most countries the public sector includes such services as the military, police,
infrastructure (public roads, bridges, tunnels, water supply, sewers, electrical
grids,telecommunications, etc.), public transit, public education, along with health care
and those working for the government itself, such as elected officials. The public sector
might provide services that a non-payer cannot be excluded from (such as street
lighting), services which benefit all of society rather than just the individual who uses the
service.
EXAMPLES OF STATE OWNED COMPANIES.
SA Post Office, Transnet 20, Sasol and Eskom
FOR MORE INFORMATION WATCH THE FOLLOWING VIDEO:public and private
sector - Findeen.com
After you have watched the video, you have a summative assessment to do you have to
read and understand the content in chapter two then do you assignment which follows.
There is also a link for the rubric of the assignment that you have to follow when doing
the assignment.
For you assessment follow this link:authentic assessment. The task is will be marked out
of 25.
13. 12
THE LINK FOR THE RUBRIC: RUBRIC
THE CYCLE OF RAW MATERIAL WITHIN THE THREE SECTORS.
The cycle of a product
in all three business
sectors
FOR YOU FINAL ASSESSMENT YOU ARE NOW REQUIRED TO DO YOUR OUR SUMMARY IN A
FORM OF A MIND MAP ABOUT THE WHOLE BOOK USING THE FOLLOWING LINKBubbl.us |
brainstorm and mind map online: click on start brainstorming without signing AFTER THAT USE
YOUR SUMMARY TO WRITE A BOOK REPORT. The marks: 25 marks.
THE ASSESSMENT WILL BE ASSESSED USING THE FOLLOWING RUBRIC: RUBRIC
REFERENCE LIST.
[1] Gallup C. - Emotional economy-the sure way to success - Alfa Publishing House, Bucharest,
2007, p. 159
[2] Smith, P. - Marketing Communications, Second Edition, Kogan Page, London, 1993, p.188
[3] Kotler, Ph. - Marketing Management, Publishing Theory, Bucharest, 1998, p 218