|Qualification |Unit number and title | |Edexcel BTEC Level 4 HNC in Business |Unit 29: Introduction to the Internet and E-business Unit code: J/601/1109 | | |
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CHAPTER 1 Business Environment Contents • Introduction • Business • Objectives of business • Environmental influences on business • Environmental analysis • Characteristics of business environment • Components of business environment • The micro and macro environment • Competitive environment • Porter’s five forces model–competitive analysis Learning Objectives The present chapter aims at: • Definitions and objective of business • Examine environment analysis‚ characteristics
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Business environment encompasses all those factors that affect a company’s operations‚ and includes customers‚ competitors‚ stakeholders‚ suppliers‚ industry trends‚ regulations‚ other government activities‚ social and economic factors and technological developments. Social or Societary environment of business means all factors which affects business socially . Every business works in a society ‚ so societies ’ different factors like family ‚ educational institutions and religion affects business
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company “Westfleet” based in Greymouth and NIMPL‚ a mussel farm based in Tauranga. Sealord has alliances in Europe‚ Asia and the United States (Sealord‚ 2010).The industry that Sealord operates in is that of the fishing‚ processing and distribution business. Sealord offers frozen and canned seafood. Threat of new entrants It is very hard for a new company to enter the fishing industry. Firstly they must have a great starting capital as they require boats and need to hire people. Secondly the fishing
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CENTRE FOR EMPLOYERS AND ENTERPRISE EVIDENCE REPORT Learner: Ana-Maria Date of Evidence: 14.01.13 Assessor: Veronica Campbell Qualified: ASSESSMENT METHOD (Please tick) Direct Observation Witness testimony Record of Work Product Case Study Questioning Simulation Reflective account RPL Professional Discussion Other: REPORT REFERENCE There are two major pieces of legislation in the Health‚Safety and Security at work sector: 1.The Health and Safety at Work Act
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Running Head: BROAD ENVIRONMENT Knowing the Unknown about the Broad Environment University of Tampa MGT 431 Practical Strategic Assessment Dr. George Bud Wynn June 09‚ 2009 Abstract In “Foundations in Strategic Management”‚ pages 21 to 27‚ author Harrison discusses the influence that the external environment has on a particular company’s operations and how its managers can adapt to environmental uncertainties to sustain their competitive advantages. Harrison also points out why it is
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CHAPTER 1 THE COMMERCIAL ENVIRONMENT INTRODUCTION The commercial environment is the “arena” in which purchasing and supply professionals and many others in business operate. This environment is essentially live and developing all the time and it includes many factors beyond the organisation’s day-to-day control. This ever-changing business environment puts all organisations under pressure to conform‚ adapt‚ innovate‚ or suffer the consequences of any inaction. Continuous appraisal of the
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The marketing environment surrounds and impacts upon the organization. There are three key elements to the marketing environment which are the internal environment‚ the microenvironment and the macroenvironment. Why are they important? Well marketers build both internal and external relationships. Marketers aim to deliver value to satisfied customers‚ so we need to assess and evaluate our internal business/corporate environment and our external environment which is subdivided into micro and macro
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1 - Understand the purpose of working with others in a team 1.1 - Describe how team working can help to achieve goals and objectives Working as a team allows the workload to be shared‚ giving the advantage that some members wont have to do more work than another. When there is a group of people working on the same job‚ it is common that each member will work more effectively as they are supported throughout their specific task. A massive benefit of having more people working on the same task
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Introduction Business environment is an element that will affect all the activities of an organization. Besides‚ it will bring firms both opportunities and threats because of its uncertainties. Business environment is uncertain‚ complex & dynamics; organization should apply more flexibility & discontinuity ways to manage them. A firm cannot control the environment because it is unpredictable in its direction and speed of change‚ such as interest rates‚ rate of inflation and exchange rate. Business environment
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