Questions for review 1. Identify and discuss each major dimension of the general environment and the task environment. Both the general environment and the task environment are a part of the external environment. The general environment consists of; Economic Dimension‚ Technological Dimension‚ and the Political-Legal Dimension. The Economic Dimension discusses how healthy the economy is that the organization is in. It includes factors like unemployment rates and inflation. The Technological
Free Export International trade Corporation
EST1 Task One While evaluating Company Q’s attitude toward social responsibility it seems they made some decisions based on the severe lack of revenue over a period time‚ which motivated them to close a couple of stores. Those stores‚ which were located in a major metropolitan area‚ were also characterized as high-crime areas. By closing those stores‚ it no doubt had a negative economic impact both directly and indirectly on the people in those store locations. For the now unemployed people
Premium Metropolitan area Choice Social responsibility
Lesson 1 BUSINESS AND ITS ENVIRONMENT NATURE OF BUSINESS Business may be understood as the organized efforts of enterprise to supply consumers with goods and services for a profit. Businesses vary in size‚ as measured by the number of employees or by sales volume. But‚ all businesses share the same purpose: to earn profits. The purpose of business goes beyond earning profit. There are: • It is an important institution in society. • Be it for the supply of goods and services • Creation of
Free Capitalism Economics Economic system
When You Do Work You Give it Energy! Holly Beech Professor Evans SCI 110 Holly Beech Professor Evans SCI 110 31 January 2010 Whenever You Do Work You Give It Energy How would one know that working creates energy? Well the definition of energy might give a clue. “Energy can be defined as the ability to do work” (Tillery‚ Enger‚ and Ross‚ 2008‚ p. 59). If one were to think about this statement unscientifically‚ it might evoke the picture of some one being to tired‚ having no energy‚
Premium Potential energy Energy
Three dimensions and of the information environment and its actors The information environment is made up of three interrelated dimensions: physical‚ informational‚ and cognitive (JP 3-13‚ pp. I-1‚ I-2). A. The Physical Dimension. The physical dimension is composed of the command and control (C2) systems‚ and supporting infrastructures that enable individuals and organizations to conduct operations across the air‚ land‚ sea‚ and space domains. 1. It is also the dimension where physical platforms
Premium Perception Mind Dimension
INTRODUCTION TO THE BUSINESS ENVIRONMENT Lesson Objectives: The factors that impact on business The internal and external business environment LESSON 1: The Factors That Impact on Business According to Brooks and Weatherston (2000) business environment is a general concept which embraces the totality of external environmental forces which may influence any aspect of organizational activity. BUSINESS ENVIRONMENT Macro Environment Micro Environment Internal Environment Financiers
Premium Strategic management
Discussion Questions 1. Do you agree that it is important for managers to understand IT? Write a paragraph to support your opinion. Answer: It is extremely important that managers understand IT. This is not only the case for IT‚ but for any department that the managers may not be intimately knowledgeable about. Without leadership understand your department‚ they may not understand why certain actions are taken and why additional costs need to be spent to achieve business goals. IT departments is a
Premium Management Project management
There are many different sources of current guidance that early years and educational settings can use in order to plan for a healthy and safe environment or service‚ including the following: Health and Safety Executive (HSE) – Covers all aspects of health and safety in all work environments and also provides guidance for those specifically working with children and young people‚ for instance‚ risk education guidance‚ general teaching requirement for health and safety guidance and incident reporting
Premium First aid Standardization Occupational safety and health
Name Course Current & Emerging Technology Running a start-up company is a fairly easy task to take with basic business administrative skills. The problem start to arise when the business is showing progress and growth and expansion is imminent. At this juncture of growth‚ two things unfold for the business. The business earns more profits due to customer base growth‚ also known as economies of scale and also the business may run into difficulties in the daily running‚ also known as diseconomy
Premium Economics of production Management File system
Task P5 ‘Explain how and why groups of customers are targeted for selected products’ Customers are people who buy products and services from other people (usually companies of one sort or another). What customers think and feel about a company and/or its products is a key aspect of business success. Attitudes are shaped by experience of the product‚ the opinions of friends‚ direct dealings with the company‚ and the advertising and other representations of the company. Irrespective of whether a
Premium Marketing