Name: | Unit 1: Business Environment | Lecturer: | Date Issued: | Completion Date: | Fail Pass Merit Distinction P1 | P2 | P3 | P4 | P5 | P6 | P7 | P8 | P9 | P10 | P11 | P12 | P13 | P14 | P15 | P16 | M1 | M2 | M3 | D1 | D2 | D3 | | Learning Outcomes:On successful completion of this unit a learner will:1. Understand the organizational purposes of businesses2. Understand the nature of the national environment in which businesses operate3
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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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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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Olympics were eventually granted to Australia’s Channel 9. • In 1956‚ Melbourne hosted the Olympic Games. This fostered a great sense of national pride and cast the international spotlight onto Australia like never before. • It was the first time the games had been held in the Southern Hemisphere. • Australia had rapidly recovered from then ravages of World War II • This was considered to be a contributing factor to Melbourne’s successful Olympic bid. • The prelude to the Melbourne Olympics was
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In this report we will explain and discuss the inflation rate that happened in Australia for the last three years. The issues uncovered will allow us to see the reasons behind the decreasing in inflation rate in Australia. Lastly we will discuss the type of inflation that will happen after the collection of carbon tax that started in the beginning of July 2012. In the table and chart below are some of statistics that we obtained from several sources to aid our explanation: 1. Euromonitor International
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SHORTAGE AND ANALYSIS OF ALTERNATIVE OPTIONS TO OVERCOME THE ISSUE IN AUSTRALIA INTRODUCTION Nurses form an integral part of the health work force of a nation. They are responsible in maintaining the health standards and the quality of health of the most valuable asset of the country‚ human resource. Hence‚ the shortage of nurses has posed serious threats to nations all over the world‚ especially the developed ones like Australia‚ USA‚ Canada etc. Addressing this problem and attaining self-sufficiency
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(1)What is a Business Environment? Answer A Business Environment is the physical and operational factors‚ both internal and external‚ that affect the flow of activities in a business. They include; customers‚ competitors‚ suppliers‚ distributors‚ industry trends‚ substitutes‚ regulations‚ government activities‚ the economy‚ demographics‚ social and cultural factors‚ innovations and technological developments. (2)What Are the Types of External Business Environments? Answer There are many types
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MICRO ENVIRONMENT/ INDUSTRY ANALYSIS The environment which is close to business and affects its capacity to work is called micro or operational environment. Industry is a group of companies which offer same or similar product or services. These products and services are close substitutes of each other. It consists of: 1 Suppliers Supplier are the people who supply raw materials and required components to the companies. Increasing prices and reducing the quality of their products are potential
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Lead and The Environment Some materials are so commonplace that we take them for granted. One of those materials is a grayish metal that has been with us for thousands of years. That metal is lead‚ still one of the world’s most useful substances‚ and one that never ceases to find a role in human society. Lead has the atomic symbol of Pb (for plumbum‚ lead in Latin). The atomic number for lead is 82 and the atomic mass is 207.19 AMU. It melts at about 327.502 oC and boils at 1740 oC. Lead
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Chapter 4 The External Environment The Environmental Domain Organization Environment is composed of all elements that exist outside the boundary of the organization that have the potential to affect all or part of the organization. Its domain is the chosen field of action. The environment comprises several sectors or subdivisions of the environment that contain similar elements (ie. industry‚ raw materials‚ human resources‚ market‚ technology‚ financial resources‚ economic conditions‚ government
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