Business Environment Lecture 1 Business & its Environment What is Business? Business is a way of dealing with the problem of scarcity Business involves the transformation of inputs into outputs to meet particular needs or wants of consumers Business is not just The Private Sector it is also The Public Sector and Societies have to choose the balance between the public and private sectors The Private Sector (Pg 7-11) Consists of all business in some form of private ownership COMPETITON
Premium Economics Social responsibility Corporate social responsibility
MICROENVIRONMENT Micro environment means the environment with in the organization/company which is totally under the control. a. The company itself (including departments). b. Suppliers. c. Marketing channel firms (intermediaries). d. Customer markets. e. Competitors. f. Publics. 1. The Company’s Microenvironment a. The Company The first factor is the company itself 1). Top management is responsible for setting the company’s mission‚ objectives‚ broad strategies‚ and policies
Premium Customer Public Marketing
Communication is Key In order for a team to work well together there is a fundamental necessity to communicate in an efficient manner. Without communication‚ teams would not exist. There are many forms of teams and many ways that teams may be formed. The University of Phoenix website advertized an important question to ask when building a team: What kind of team is needed? One mistake people often make is thinking that a team is just a team. There are different kinds of teams for different
Premium Leadership
SECTION C The business environment 273 03-BusinessforCSEC-SectionC-cpp.indd 273 09/02/2011 11:46 Chapter 8 THE ROLE OF GOVERNMENT IN AN ECONOMY omy In this chapter we discuss responsibilities of government‚ including environmental protection‚ zoning and conservation‚ and external (international) boundaries. We also look at laws to protect consumers‚ consumer organizations and standards. We consider the ways in which governments interact with business activity in the private and
Premium Tax Progressive tax
2.0 THE PROJECT ENVIRONMENT 2.1 The Projects: Projects are products of ideas initiated to fulfill a need or exploit an opportunity. The Project Environment also known as Project World are the external factors influencing projects. The single most important influence on any project is whether or not it is being carried out by Public Sector usually undertaken by government to provide public service or Private Sector usually undertaken by individual companies or consortia to
Premium Project management
Marketing Environment Analysis An underlying assumption of the introduction to marketing course is that students learn best and retain more when they actively apply and work with the concepts presented in the course materials rather than simply read about them. Therefore‚ the purpose of this assignment is to apply concepts and knowledge learned in class to real situations to enhance your understanding. A marketing environment analysis is an examination of the major external forces and trends that
Premium Marketing Typography The Core
INTRODUCTION TO BUSINESS ENVIRONMENT Chapter Outline : • Introduction • Meaning of Business • Business Objectives • What is Business Environment ? • Nature of Business Environment • Components of Business Environment • Determinant of Business Environment • Review Questions • References Introduction : Business environment is becoming highly complex‚ unstable and unpredictable in the globalised economy of today. The environment is the result of changing
Free Economics Macroeconomics
ABSTRACT Care for the environment is often portrayed as detrimental to economic growth. For too long economics and environment have seemed like players on rival teams. There is a long-standing debate on the relationship between economic development and environmental quality. Sustainable development emphasizes the need for integration of economics and environment‚ as well as promoting intra and intergenerational equity. From a sustainable development viewpoint there has been a growing concern that
Premium Air pollution Aluminium Environmentalism
au/dingo Biodiversity is an important contribution the the environment because it affects the biotic and abiotic factors in the particular environment.
Premium Ecology Canis Australia
defined in numerous ways. There are heroes like Superman and Batman‚ but then there are the men and women that fight for our freedom. There are also individuals who are your friends or family that may seem to be your hero. In Tatiana de Rosnay’s Sarah’s Key‚ Sarah expresses her heroic self by exhibiting bravery‚ determination‚ and trustworthiness. Whether you call it daring‚ bold‚ spunky or audacity‚ Sarah had it. Bravery is a way of fearlessness‚ which she embodied. Sarah displayed courage by putting
Free Hero Courage Virtue