* Business Environment Understanding the environment within which the business has to operate is very important for running a business unit successfully at any place. The environmental factors influence almost every aspect of business such as‚ its nature‚ its location‚ prices of products‚ the distribution system‚ or the personnel policies. It is important to learn about the various components of the business environment‚ which consists of the economic aspect‚ the socio-cultural aspects‚ the political
Premium Economics Business Economy
customers are important? Customers are the most important people for any organization. They are the resource upon which the success of the business depends. When thinking about the importance of customers it is useful to remember the following points: 1. Repeat business is the backbone of selling. It helps to provide revenue and certainty for the business. 2. Organizations are
Premium Demographics Customer Customer service
Unit 3: Champion Equality‚ Diversity and Inclusion. As a manager of social care workers part of my role is to teach‚ monitor and review the progress of staff individually and as a whole. I can then match this to the quality assurance of the service and target any weak areas. I like to promote a positive culture around training from the outset of someone’s employment with us. I use the Care Council for Wales Code of Practice as a firm and trusted tool for the management of mine and others practice
Premium Sociology Management Law
In this assignment I have been asked to discuss‚ critically evaluate and research Equality and Diversity and what it is‚ what impact and consequences it can have on an organisation and the ways in which an organisation can ensure it adheres to the law. My aim is to evaluate about how different cases could affect an organisation as well as discuss and explore the legislation around equality and diversity. I also aim to discuss the potential consequences for businesses breaching the legislation and
Premium Discrimination Affirmative action Employment
LEVEL 2 CERTIFICATE IN EQUALITY & DIVERSITY Unit 1: Equality and diversity in society Learning Outcomes 1. Understand what equality is 1.1: Describe what is meant by ‘equality’ 1.2: Define the following terms: Stereotyping Prejudice Labelling Protected characteristics Equal opportunity Positive action Discrimination Discrimination by association 1.3: Describe examples of equal opportunity in society 1.4: Describe examples of inequality within society 2. Understand what diversity is 2.1: Describe what
Premium Discrimination
(1)What is a Business Environment? Answer A Business Environment is the physical and operational factors‚ both internal and external‚ that affect the flow of activities in a business. They include; customers‚ competitors‚ suppliers‚ distributors‚ industry trends‚ substitutes‚ regulations‚ government activities‚ the economy‚ demographics‚ social and cultural factors‚ innovations and technological developments. (2)What Are the Types of External Business Environments? Answer There are many types
Premium Business Business ethics Economics
BUSNESS ENVIRONMENT Acknowledgement First and above all‚ I praise almighty Allah (subhana wa taala) for endowing me with health‚ patients and knowledge to complete the assignment successfully. I am extremely grateful to my parents for their love‚ caring and sacrifices they have made for my education and preparing me to face my future. Your prayers is what have supported me to go so far and help me to stand firmly where I am now. I am particularly thankful to my lecturer
Premium Economics Monetary policy Economic system
products or using of first-class technology is no longer a kind of success for a company or corporation in current business environment. Companies have realized that they must also seek sustaining competitive advantage from the effective management of human resources. That means Human resource managements (HRM) has increasingly been recognized as a critical segment of international business operations (Hertog‚ 2010). Moreover‚ the more rapid pace of internationalization and globalization leads to a more
Premium Human resource management Multinational corporation Corporation
A4060519 Student´s Name: Michael Wanderley Mallmann Spanholi Business Environment LO1. Understand the organizational purposes of businesses 1.1 Identify the purposes of different types of organisation The UK legislation allows different types of legal structures to do business in its area. In the private sector‚ the following forms of companies can be seen: Sole trader is a business owned by an individual who is self-employed‚ but staff can be hired on either a full-time or a part-time
Premium Corporation Company Legal entities
Introduction Business environment is the combination of internal and external factors that influence a company ’s operating situation. The business environment can include factors such as clients and suppliers‚ its competition and owners‚ improvements in technology‚ laws and government activities and market‚ social and economic trends. Environmental forces of political‚ economic‚ social‚ and technological factors. These factors are outside the control of the business. The business can’t do much
Premium Marketing Environment