Business Around Us Notes 3 BUSINESS ENVIRONMENT nderstanding the environment within which the business has to operate is very important for running a business unit successfully at any place. Because‚ the environmental factors influence almost every aspect of business‚ be it its nature‚ its location‚ the prices of products‚ the distribution system‚ or the personnel policies. Hence it is important to learn about the various components of the business environment‚ which consists of the economic aspect
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Historical Recount: Marco Polo and his voyage to China. In 13th and 14th centuries‚ many people believed that Marco polo and his family have been one of the first Europeans to visit China with a famous book The Travels of Marco Polo that had been written by a writer called Rustichello. The most appealing thing about Marco Polo is that Marco and his father were not explores. Marco Polo was born in 1254 in Venice‚ Italy. He grew into a wealthy merchant family and had an education‚ which would have
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Table of Contents 1 Introduction to organization environment 4 2 Background of Macdonald 4 3 Strength and weakness of the company 5 3.1 Strengths 5 3.2 Weakness 5 4 MacDonald specific and general environment 6 4.1 Specific environment 6 4.1.1 Customers: 6 4.1.2 Competitors 6 4.1.3 Supplier 6 4.1.4 Strategies partners 7 4.2 General Environment 7 4.2.1 Economic conditions 7 4.2.2 Political / legal conditions 7 4.2.3 Social culture conditions-society‚ education level‚ religion
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2 2.1 The General Environment The General Environment 2.2 Scanning‚ Monitoring‚ and Forecasting Changes in the Environment Key Work Strategic decision making under conditions of uncertainty 2.3 Scenario Planning Key Work Strategic inflection points and their impact on strategy Tools and Techniques Undertaking scenario planning 2.4 PEST Analysis 2.5 SWOT Analysis 2.6 The General and the Competitive Environments Tools and Techniques Writing a PEST
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these structure holding companies usually have control and influence over subsidiaries. Limited liability on the other hand‚ is the logical consequence of the existence of a separate legal entity or generally‚ the concept simply means that since the company is different from the shareholders‚ the members are only liable for the amount unpaid or their shares and not for the debts of the company When limited liability is easily and cheaply available can be explained as removing unnecessary legal
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PUBLIC LIMITED COMPANIES 1.Tata sons Bombay House 24‚ Homi Mody Street Mumbai 400 001 India 2.Reliance 3rd Floor‚ Maker Chambers IV‚‚222‚ Nariman Point Mumbai Maharashtra 400021 3.ITC VIRGINIA HOUSE 37 J.L.NEHRU ROAD‚ KOLKATA 700 071 4.Infosys No. 44‚ Hosur Road‚ Electronics City‚ Bangalore Karnataka 560100 5.ONGC Jeevan Bharti Building‚ Tower II‚‚124‚ Indira Chowk New Delhi Delhi 110001 6.NTPC NTPC Bhawan‚ SCOPE Complex‚‚7‚ Institutional
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BUSINESS ENVIRONMENT | |After discussing the meaning of business environment‚ now we will discuss the various components of business environment. The various components of business environment are- [pic]External environment consists of those factors that affect a business enterprise from outside. External environment includes shareholders‚ competitors‚ customers‚ society‚ government laws and regulations‚ policies and technology. External environment is generally classified into micro environment and
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1. Company Overview David Jones Limited (DJS) is a leading high-class retailer with stores all across Australia. The company operates 35 department stores and 2 warehouse outlets. Mr Zahra is the current CEO of the company. MD Peter Wilkinson‚ an ex CEO had repositioned DJS as an upmarket brand‚ targeting wealthy shoppers. In 2008‚ the company launched a general purpose credit card with Amex‚ which runs parallel to the existing store card. DJS placed at the top end of the market‚ targets a core
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One of the dilemmas concerning our environment is saving wild life creatures. Cutting down trees is killing their habitat and ways of living. How would you like it if someone came into your neighbourhood and started bulldozing the houses down? Many living species have died because of the habitat changes they have to go through. Many oceans and other water bound areas in the world are being polluted by human waste. It’s killing all water creatures and making water unsanitary. If you really think about
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Chapter 4 The External Environment The Environmental Domain Organization Environment is composed of all elements that exist outside the boundary of the organization that have the potential to affect all or part of the organization. Its domain is the chosen field of action. The environment comprises several sectors or subdivisions of the environment that contain similar elements (ie. industry‚ raw materials‚ human resources‚ market‚ technology‚ financial resources‚ economic conditions‚ government
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