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
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Business Law – Unit 15 Task 01-a A legal system in a country embodies both the law of that country and the mechanisms the country has in place for regulating and enforcing those laws. A legal system incorporates: * The country’s law * The legislature: the law making body * The judiciary: the body that sits in judgment on disputes about laws * The prosecution system: the system that seeks to ensure the criminal law in enforced and people who break the law are prosecuted * The
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businesses might have difficulty limiting the effects of their actions to a relatively small geographic area. * The legal concept of jurisdiction on the Internet is still unclear and ill defined. The relationship between geographic and legal boundaries is based on four elements: power‚ effects‚ legitimacy and notice. These elements have helped governments create the legal concept of jurisdiction in the physical world. Because the four elements exist in somewhat different forms on the Internet
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intro I have one question. Have you ever wondered about ancient times if people had governments? Well I can tell you this Ancient Greece certainly had government all right. REPORT Greece had no central government. In fact Greece was even considered one whole group. Each city-state had its own government and was also known as a polis. There were 3main types of government: Monarchy‚ oligarchy‚ and democracy. Each city-state made their own laws. The hierarchy was always the government or
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monitor the environment is known as environmental scanning. It allows marketers to understand the current state of the environment‚ so that the organization can predict trends. The Macro Environment There are a number of common approaches for how the external factors‚ which describe the macro environment‚ can be identified and examined. These factors indirectly affect the organization but cannot be controlled by it. One approach is the PEST analysis. The PEST analysis is a political‚ economic
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Macro environment Our product and all of the other actors operate in a large macro environment of forces that shape opportunities and pose threats to the company is known as macro environment. Six largely uncountable external forces influence our product’s marketing activities. And also it influences decision making‚ and affect its performance and strategies. These factors include the economic‚ demographics‚ legal‚ political‚ and social conditions‚ technological changes‚ and natural forces Elements
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CHAPTER 3 The Competitive Environment Learning Objectives Upon completing this chapter‚ you should be able to: Identify the structural characteristics of the environment faced by the firm and how these drivers influence both competition and value creation Choose the appropriate level of specificity in environmental analysis‚ depending on the locus of the decision-making group Predict how changes occurring in the environment might influence future competition and value creation Incorporate understanding
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LEGAL BASES OF PHILIPPINE EDUCATIONAL SYSTEM MAJOR LEGAL BASES The Philippine Constitutions 1. 1935 CONST. Article XIV Section 5 2. 1973 CONST. Article XV Section 8 (1-8) 3. 1987 CONST. Article XIV Sections 1-5(5) THE 1987 CONSTITUTIONS Article XIV Sections 1-5(5) Section 1. The state shall protect and promote the right of all the citizens to quality education at all levels and shall take appropriate steps to make such education accessible to all. Section 2. The state shall:
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inherent battles for social surplus produced by workers and accumulated by a capitalist class. This is a crisis of a capitalist greed that is forever in search of possibilities to exploit and accumulate‚ through whatever means possible‚ be they be legal or not‚ be they moral or immoral. The centre of gravity of this all-round economic crisis has been the advanced capitalist countries of the North‚ but with even more devastating impacts for the countries of the South. World unemployment stands
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CHAPTER 1 Business Environment Contents • Introduction • Business • Objectives of business • Environmental influences on business • Environmental analysis • Characteristics of business environment • Components of business environment • The micro and macro environment • Competitive environment • Porter’s five forces model–competitive analysis Learning Objectives The present chapter aims at: • Definitions and objective of business • Examine environment analysis‚ characteristics
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