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picture1_Analysis Ppt 75603 | Business Enviornment 3


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File: Analysis Ppt 75603 | Business Enviornment 3
what is business environment according to the business dictionary the combination of internal and external factors that influence a company s operating situation the business environment can include factors such ...

icon picture PPTX Filetype Power Point PPTX | Posted on 02 Sep 2022 | 3 years ago
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      What Is Business Environment?
      According to the Business dictionary:- The combination of internal and 
       external factors that influence a company’s operating situation. The 
       business environment can include factors such as: 
      clients and suppliers 
       its competition and owners
       improvements in technology
      laws and government activities and market
       social and economic trends”.
     Strategic - Definition
      “The  process  by  which  strategists  monitor  the  economic, 
       governmental/legal,  market  /  competitive,  supplier  /  technological, 
       geographic,  and  social  settings  to  determine  opportunities  and 
       threats to their firms”
      “Environmental diagnosis consists of managerial decisions made by 
       analysing the significance of data (opportunities and threats) of the 
       environmental analysis
      Introduction
       The  term Business  Environment is  composed  of  two  words  ‘Business’  and 
        ‘Environment’. In simple terms, the state in which a person remains busy is known as 
        business.  On  the  other  hand, the  word ‘Environment’  refers  to  the  aspects  of 
        surroundings.
       Business operates in Unique Environment and cannot function in isolation.
       Business is like  open systems which continuously interacts with  environment i.e. 
        Business enterprises exist in and are surrounded by an ‘environment’ called as the 
        business or organisational environment.
       Society and business enterprises are mutually dependent i.e. Business enterprises 
        satisfy societal needs. Relationship between society and business enterprises takes 
        place in a changing environment
      Purpose of Business is to create Customers or 
      Markets which in turn caters to society
       Profitability
       Productive Efficiency
       Growth
       Technological Dynamism
       Stability
       Self Reliance
       Survival
     Business is society organ of economic expansion, 
     growth, and change
      Competitive Strength
      Customer Service
      Financial Solvency
      Product Quality
      Diversification
      Employee Satisfaction and Welfare
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...What is business environment according to the dictionary combination of internal and external factors that influence a company s operating situation can include such as clients suppliers its competition owners improvements in technology laws government activities market social economic trends strategic definition process by which strategists monitor governmental legal competitive supplier technological geographic settings determine opportunities threats their firms environmental diagnosis consists managerial decisions made analysing significance data analysis introduction term composed two words simple terms state person remains busy known on other hand word refers aspects surroundings operates unique cannot function isolation like open systems continuously interacts with i e enterprises exist are surrounded an called or organisational society mutually dependent satisfy societal needs relationship between takes place changing purpose create customers markets turn caters profitability p...

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