MODULE: BUSINESS ENVIRONMENT LEARNING OUTCOME ONE | ASSESSMENT CRITERIA | Understand theorganisational purposes ofbusinesses | 1.1 identify the purposes of different types of organisation1.2 describe the extent to which an organisation meets the objectives of different stakeholders1.3 explain the responsibilities of an organisation and strategies employed to meet them | What is a business? It is a system whose performance is influenced by a whole range of phenomena in its environment. It is
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B. External Environment External environment includes all those factors which influence business and exist outside the business. Business has no control over these factors. The information about these factors is important for the study of the external environment. Some of these factors are those with which a particular company has very close relationship. However‚ there are some other factors which influence the entire business community. Micro environment means that environment which includes
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a. 1. Private property-the right to own resources and bequeath property 2. Freedom of enterprise-own a business 3. Freedom of economic choice-work/not work‚ spend/not spend 4. Role of self-interest a. People are by nature economic creatures b. Self-interest is a fundamental characteristic of people 5. Competitive market system a. Many buyers and sellers b. Market participants‚ buyers and sellers‚ have little control over price c. Competition performs the organizing
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Unit 1 Global Business Environment Structure 1. Introduction 2. Meaning of Globalisation 1.3 Driving Forces of Globalisation 1.4 Dimensions of Globalisation 1.5 Stages of Globalisation 1.6 Introduction to Theories of International Trade 1.6.1 Absolute Advantage Theory 1.6.2 Comparative Cost Advantage Theory by David Ricardo 1.6.3 Factor Endowment Theory (Heckscher-Ohlin Thesis) 1.7 Trading Environment of International Trade 1.7.1 Tariff and Non-tariff Barriers 1.7.2 Trade Blocs
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Silk Industry in India and China -A Comparative Business Environment Analysis 2/18/2009 Goa Institute of Management Submitted by- Kanishka Belani-2008017 Mariam Noronha – 2008021 Neha Gupta – 2008026 Parikshit Bhinde -2008028 Soutik Sarkar - 2008052 Silk Industry in India and China -A Comparative Business Environment Analysis Group Members (5A): Kanishka Belani-2008017 Mariam Noronha – 2008021 Neha Gupta – 2008026 Parikshit Bhinde -2008028 Soutik Sarkar – 2008052 Submitted
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Aleishia Wiley 07/11/2011 Marketing Fundamentals External Macro Environmental Factors of the Starbucks Brand It’s been 40 years since Starbucks was founded in 1971‚ and a lot has changed since they first opened their doors as a small store front is Seattle’s Pikes Place Market. Their headquarters is still based out of Seattle where they got their start but Starbucks has built a brand that is recognized throughout 50 countries across the globe. Despite small changes over the years the Siren
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generation and comprehend the exchanging condition and client conduct. Macro environmental factors These elements are not firmly identified with the association but rather it has dependable and devastative effect on the association. Full scale ecological components focus the dangers and chances of the association. Full scale natural components are social‚ demographic‚ political‚ monetary‚ innovative and normal. Demographic Factors: It incorporates clients’ occupation‚ age‚ sex‚ thickness‚ area thus
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forces. This ascent supported worldwide business as legitimate framework too has been progressed. International financial specialists or investors look for business in China for the most part as a result of the span of the business sector‚ the low cost of labour‚ and its development potential. This paper examines the strengths of China’s Macro-environment and for this reason PEST analysis is directed as it is an important tool which evaluates the macro environment of the country. PEST Analysis Political:
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5 factors to further promote business in India 1. Strong Economy: According to the estimates by the Ministry of Statistics and Programmed Implementation‚ the Indian economy has registered a growth of 7.4 per cent in 2009-10‚ with 8.6 per cent year-on-year (y-o-y) growth in its fourth quarter. The growth is driven by robust performance of the manufacturing sector on the back of government and consumer spending. GDP growth rate of 7.4 per cent in 2009-10 has exceeded the government forecast of
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exists. However‚ according to Business Dictionary‚ labor is the aggregate of all human physical and mental effort used in creation of goods and services. It is a primary factor of production. The size of nation’s labor force is determined by the size of its adult population‚ and the extent to which the adults are either working or are prepared to offer their labor for wages. Labor and employment plays a major role in the economy. There some labor and employment factors that people cannot notice that
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