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
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Leaders felt as though they were justified in ruling in any way that they wanted‚ even if it caused harm to their people. France and Spain both had absolutist monarchies for significant amounts of time‚ the Bourbon house in France and the Hapsburg dynasty in Spain. The most strongly absolutist rulers of those families were King Louis XIV in France and King Philip II in Spain. Although King Louis XIV of France and King Philip II of
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Transport and the environment The chapter examines how transport affects the environment; how its impact can be quantified in economic terms; and how economic incentives can be used to reduce the environmental cost of transport‚ as well as addressing other externalities associated particularly with car use‚ such as congestion. The environmental impacts of transport “Transportation services are essential component of economic activity‚ and are one key to its growth. Transportation has a number
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Technological change is an increase in the efficiency of a product of a product or process that result in an increase in output. Structural unemployment occurs when a firm is looking for a worker and an unemployed worker is looking for a job‚ but the particular characteristics the firm us looking for do not match up with the characteristics the worker offers. Technological change is one source of structural unemployment. First‚ the impact of technology on employment is that there will be massive
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Blue Ridge Spain This case is about a joint venture between the American company Blue Ridge which is owned by Delta Foods and the Spanish company Terralumen in Spain. Problems arose because of disagreement concerning the future growth rates set by Delta which are considered as unrealistic by Terralumen. Mikael Södergran is the young VP of Europe for Blue Ridge and wants to see the joint venture perform in the short run as this is the task he was given by Delta. He is very direct‚ getting
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STRATEGIC MANAGEMENT CHAPTER 2: The General Environment The external environment facing the organization consists of both: a. A general environment‚ often referred to as the macro-environment because changes that occur here will have an effect that transcends firms and specific industries. b. A competitive environment‚ consists of the industry and markets in which an organization competes. In order to scan and monitor their environment‚ firms require tools of analysis that will allow
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PHYSICAL ENVIRONMENT Philippines: Pearl of Orient “The Philippines is a country of many names. Maniolas - named by Claudius Ptolemy Ma-I or Mayi – Chinese Traders Archipelago of Saint Lazarus – Ferdinand Magellan Islands of East‚ Islands of the west – European Writers Philippine – Given by Rey Lopez De Villalobos in Honor of Prince Philip II : King of Spain Pearl of Orient Seas – the most romantic named given by the Spanish Jesuit Origin of the Philippines Location: The Philippines lies in Southeast
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vast majority of the highly successful business people I’ve met over the past 25 years do one thing in common – and they do it extraordinarily well. They monitor their business environment to predict future market trends. They analyse external forces‚ such as their competitive environment‚ economic conditions‚ technological possibilities‚ political and legal forces‚ changes in demographics‚ seasonal factors‚ as well as shifts in social behaviour”. Basically they engage their crystal ball and they
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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
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executives have protested that the chain isunfairly singled out for criticism. The chain has also been accused by Greenpeacewith contributing to the destruction of the worlds rainforests with unsustainablysourced cardboard and paper packaging.Internal Environment:1 Employees: According to data published by Yum! Brands‚ the proprietarycompany of the KFC brand‚ there are over 455‚000 KFC employees around theworld Altogether. • 2. 2 Management team:• Training and motivating team members.• Preparation of products
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