Mr Flannery MyEdAp Home Learning 2 New quests Contribution to the economy due by Friday Business Environments Due by Friday Will only take you 510 minutes each quest Be prepared to discuss answers in class ID: 611740
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Slide1
Internal Environments of a business
Mr
FlannerySlide2
MyEdAp + Home Learning
2 New quests
Contribution to the economy (due by Friday)
Business Environments (Due by Friday)
Will only take you 5-10 minutes each quest
Be prepared to discuss answers in class
Intro AOS1 quest – Due on Friday!!
Summarise
(in your own words) each of the
stakeholders (
pg
21 22Slide3
Brainstorm (5 minutes)
In a small group, brainstorm the elements that determine the environment of your Business Management class
Here’s some ‘bubbles’ for you
Temperature, Lighting, Posters, Moods,
Behaviour
You have 5 minutes, then we will move on. But keep your answers handy.Slide4
Business Management Timeline
Tuesday
9-Feb
100
Internal and External (1.5 and 1.6)
Wednesday
10-Feb
Thursday
11-Feb
Advisory Program - no class
Friday
12-Feb
Advisory Program - no class
Saturday
13-Feb
Sunday
14-Feb
Monday
15-Feb
Tuesday
16-Feb
100
Revise 1.5 & 1.6 and start Macro 1.7 + 1.8
Wednesday
17-Feb
Thursday
18-Feb
50
Business Ethics (1.8)
Friday
19-Feb
100
Revision
Saturday
20-Feb
Sunday
21-Feb
Monday
22-Feb
Tuesday
23-Feb
100
Prac Sac / Revise
Wednesday
24-Feb
Thursday
25-Feb
50
Revise Prac SAC - Q's and Notes Sheet
Friday
26-Feb
SACSlide5
Key Knowledge - the internal and external (operating and macro) environments of a businessSlide6
Business Environments
The surrounding conditions in which the business operates are called the
This can be divided into two broad categories.
internal and external
Business environmentSlide7
The internal (Micro) environment of a business
The
internal environment
, or the micro environment, includes those factors over which the business has some control, such as -
employees
managers
management style
corporate culture
company policiesSlide8
The external environment
The
external
environment includes those factors over which the business has little control
economic conditions
government policy
competitors and technologySlide9
The operating external environment and the macro environment
It may be further divided into the operating environment (see section 1.6) and the macro environment (see section 1.7).Slide10
Conditions which businesses operate within
Internal environment
= factors within the business over which the business has some control
External environment
= factors outside the business. Two areas:
Operating environment
– external factors who have a direct impact on the business
Macro environment
– broad operating conditions (forces) which all businesses operate under but have no control over.
Business environmentsSlide11
Business environments
Internal:
Employees
Management & Management styles
Corporate culture
Policies
Management structure
Owners
Operating:
Customers
Suppliers
Competitors
Regulatory bodies
Interest groups and trade unions
Macro:
Economic
Legal
Environmental
Social
Political
TechnologicalSlide12Slide13
Internal Environment
The internal environment is made up of elements created by the people within the business.
The internal environment of your classroom, for example, is determined by the interactions of the people within it.
Teachers and students can shape and influence what occurs.Slide14
The internal environment
Read page 19 (The internal environment) and
summarise
in 10 words or less the following elements that make up some of the internal environment
1. Employees
2. Managers
3. Management Style
4. Corporate Culture
5. Company PoliciesSlide15
One of your employees is rude and provides poor customer service all the time. How can this affect your business?
Your
business has a strong culture – all staff follow policies and procedures, objectives are clear and sales targets are always met. How does this affect your business?
Internal EnvironmentSlide16
External operating environment of a business
Mr
FlannerySlide17
Key Knowledge - the internal and external (operating and macro) environments of a businessSlide18
External Operating Environment
A business’s operating environment, sometimes called the task environment, is made up of stakeholders external to the business who have a direct impact on the operation of the business. The four main stakeholders are:
Customers
Suppliers
Competitors
I
nterest groups Slide19
Read Pages 20 & 21
Summarise
(in your own words) each of the stakeholdersSlide20
Internal or External Factor?
Bus Man Class
Internal Factor
External FactorSlide21Slide22
MyEdAp
Start Environments Quest
Then go onto Contribution of Small Business
Then finish AOS1 QuestSlide23
MyEdAp
AOS 1 – Introducing Business
Well done to Justin, Ashley, Patrick, Sean, Cameron, Adam, Noah, Jos, Sophie, Tim, Janet, Jarrod for completing
Business Environments
Well done to Justin, Ashley, Pat, Sean, Cameron, Noah, Jos, Sophie, Bella, Tim, Sunday, Suzanna, Janet, Jarrod for completing
The contribution of small business to the economy
Well done to
Justin, Ashley, Pat, Sean, Cameron, Noah, Jos, Sophie, Bella, Tim, Sunday, Suzanna, Janet, Jarrod
for completingSlide24
Staying back each night until it’s finished
Jason,
Sait
, Nick, Fatima, David, Maua, Bella,
Renae
, Sunday, Suzanna
Meet me in 600’s computer lab at 3.05-3.35pm each night until it is done.Slide25
Feedback so far - MyEdApSlide26
Let me check your business notes
You were supposed to finish
summarising
the chapter before today’s class
Open your books to show me pleaseSlide27
Quick Check of your knowledge so far
What is meant by the term business environment?
Using an example, explain the difference between the internal and the external business environments
What is meant by the term external operating environment?
List the four main stakeholders in the external operating environment
Which sort of group attempt to directly influence or persuade an
organisation
to adopt particular polices?Slide28
Remember.......
Internal environment
– deals with everything that goes on INSIDE the business
External Environments – Operating and Macro
– deal with things that affect the business from the OUTSIDESlide29
Recap from last lessonSlide30
Business Environments
The surrounding conditions in which the business operates are called the
This can be divided into two broad categories.
internal and external
Business environmentSlide31
The internal (Micro) environment of a business
The
internal environment
, or the micro environment, includes those factors over which the business has some control, such as -
employees
managers
management style
corporate culture
company policiesSlide32
The external (Operating) environment
The
external
environment includes those factors over which the business has little control
economic conditions
government policy
competitors and technologySlide33
Business environments
Internal:
Employees
Management & Management styles
Corporate culture
Policies
Management structure
Owners
Operating:
Customers
Suppliers
Competitors
Regulatory bodies
Interest groups and trade unions
Macro:
Economic
Legal
Environmental
Social
Political
TechnologicalSlide34
External Operating Environment
A business’s operating environment, sometimes called the task environment, is made up of stakeholders external to the business who have a direct impact on the operation of the business.
The
four main stakeholders are
: who?
customers
suppliers
competitors
interest groupsSlide35
The external macro environment of a business
The macro
environment is the wider environment in which the
organisation
operates.
The
organisation
has less control over these factors than internal environment factors.
Nevertheless
,
organisations
need to be able to adapt to change caused by these external macro factors when they occurSlide36
Your job now – Present how you like
You have 30 minutes to teach
Mr
Flannery about
Macro Environment Factors
Chapter 1.7
Political Forces - Sunday, Cameron, Patrick, Jos,
Economic Forces –
Sait
, Tim, Ash, Suzanna,
Koresi
Legal Forces – Nick, Jason, David, Bella, Adam
Technological Forces – Justin, Sean,
Renae
,
Sofie
Social Forces – Janet, Maua, Fatima, NoahSlide37
Video
http://teachingbubble.com/lecture-3-business-
environments