Abstract Any business involves people and resources either to produce items or goods to be sold‚ or provide services to be sold (BPP‚ 2010). Through learning‚ researches and activities‚ it is clear that different organizations response to their business environment in a unique different way. The competitive market leads to structure such as oligopoly where many buyers and sellers involve in trade of similar products making average profit. The non-competitive market structures leads to monopoly with
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theorist assumes that business environment and organisation behaviour are predictable‚ planning are essential to predict future market changes and to prepare strategic plan to adopt to the changes. Rational analysis and objective decisions allows achieving long-run successes and avoid failures. The Evolutionary approach – more fatalistic approach‚ seeing the business environment as a jungle in which the main aim of an organisation is to survive by being efficient. Business processes and competition
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Two ethical issues can be derived from Case 1; these include respect for Cultural Diversity and Pluralism‚ and Social Responsibility and Health. In a globalized world‚ calling for the respect of cultural diversity and appreciation of pluralism is a bit controversial. Every culture includes members who abide by their practices and norms to a lesser or a greater extent‚ and most people may have intersecting cultural identities. These people may be from an ethnic minority that exists within a spiritual
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What can I do to promote diversity and equality. • DID YOU KNOW THAT OUR LITERATURE IS AVAILABLE IN ALL OF Treat people as individuals respecting their beliefs and views even when they are different from your own. Seek to treat your work colleagues and service users with dignity and respect at all times. Take into account your colleagues’ and service users’ religious‚ cultural and social needs. Seniors and Managers should ask new staff during their service induction if they have any cultural
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How businesses are influence by the economic environment The business environment consists of different influences that are outside of a business from political‚ social and legal changes. These influences can change for the better or for the worst for the business economic factors. The economic environment consist of many individuals who make decisions that buy and sell goods‚ borrow and lend money‚ raises taxes and change interest rates. Consumers are who purchases the goods for their own
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The impact of business environment in today’s business Business‚ now-a-days is vitally affected by the economic‚ social‚ legal‚ technological and political factors. These factors collectively form business environment. Business environment‚ as such‚ is the total of all external forces‚ which affect the organisation and operations of today’s business. The environment of an organisation has got internal‚ operational and general levels‚ managers must be aware of these three environmental levels and
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The Business Case for Corporate Social Responsibility Oxford Handbooks Online The Business Case for Corporate Social Responsibility Elizabeth C. Kurucz‚ Barry A. Colbert‚ and David Wheeler The Oxford Handbook of Corporate Social Responsibility Edited by Andrew Crane‚ Dirk Matten‚ Abagail McWilliams‚ Jeremy Moon‚ and Donald Siegel Print Publication Date: Feb 2008 Online Publication Date: Sep 2009 Subject: Business and Management‚ Business Policy and Strategy‚ Marketing DOI: 10.1093/oxfordhb/9780199211593
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Macro Business Environment: There are many different environments in marketing which will influence how successful a product will be. With a well rounded marketing plan‚ and taking into account the many different aspects of the environment any product can have a chance at success. The air blade fits extremely well into the macro business analysis. Aspects such as trends technology‚ economic‚ natural area‚ cultural will domestic will be discussed . Every area in the macro business environment is important
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Changes in the business environment The business environment in which firms operate lies outside themselves. It is their external environment‚ which is always changing. Some changes are so dramatic that everybody notices them‚ but others may creep up on an industry over the years and be largely ignored for too long. Changes take many forms and create new challenges. For an industry as a whole‚ it may well be that: * Customers’ needs and requirements change. They look for new‚ better and cheaper
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Business Ethics and Social Responsibility Introduction | Ethics | Code of Ethics | Social Responsibility | Social Audit | | Introduction | | The world of business is a melting pot of diverse cultures. With the present technology‚ the distance between business locations has become virtually borderless. Different backgrounds produce different understandings of very basic concepts‚ like what is right and what is wrong. Simply stated‚ right versus wrong is the definition of ethics. The challenge
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