PPT-The Economic Environment of Business – Lecture 4

The Economic Environment of Business Lecture 4 Trade ICE Trade 2nd May 2014 Why do we trade Why trade Different factor endowments some economies are rich in natural resources while others have relatively little Trade enables. IB Business Management. Prepare a STEEPLE analysis of an organization. Explain the consequences of a change in any of the STEEPLE factors for a business’s objectives and strategy. Goals for the Chapter. INTRODUCTION. The term international business is very wide because it involves wide range of activities across national boundaries. An enterprise has to operate business activities with all these factors which exist outside or near any unit. This is called environment. . Assessment . of the . Environment. . (Internal and External. ). Ms. Faith . Moono. . Simwami. mo.simwami@gmail.com. 1. THE MEANINING OF THE BUSINESS ENVIRONMENT. The external environment is everything outside an organization that might affect it. . Contents. Definition. – Business Environment. 2. . Classification of Business Environment. 3. . Micro Environment. – Suppliers, Business Associates, Customers, Regulating Agencies, Competitors, Investors and Stakeholders, Laborers. WHO . prequalified. . medicines. Arab Union of the Manufacturers of Pharmaceuticals and Medical Appliances. Amman, Jordan, 13 . June. 2013. Jacqueline Sawyer. Outline. General medicines environment. La gamme de thé MORPHEE vise toute générations recherchant le sommeil paisible tant désiré et non procuré par tout types de médicaments. Essentiellement composé de feuille de morphine, ce thé vous assurera d’un rétablissement digne d’un voyage sur . ENVIRONMENT. Environment - the social and cultural forces that shape the life of a person or a population.. ENVIRONMENT. How can environment impact human response?. Past Environment. “I come from …….. Environmental economics-. Environmental economics is a sub field of economics that is concerned with environmental issues. According to the national bureau of economic research environmental economics undertakes theoretical or empirical studies of the economic effects of national or local environmental policies around the world. The particular issues include the costs and benefits of alternative environmental policies to deal with air pollution, water quality, toxic substances, solid waste management and global warming.. Entrepreneurship Development and Industrial Consultancy (DBM-421). What is business? It . is referred to as an organized effort of enterprise to supply consumer with goods and services for a profit. .. The business cycle is the downward and upward fluctuations of the productivity level of the economy, along with its natural growth rate over a long period.. When businesses are increasing production, they need more employees. As a result, more people are hired, there is more money to spend, and businesses make more profits and can focus on growth.. Some benefits of understanding your marketing environment include:. Assisting you in understanding the company's competitors and the market. Supporting you in identifying your current and potential customers. Nature and Significance of environmental analysis for business decisions.. Dimensions of Business Environment.. Economics. Technological. Socio-Cultural. Political. Legal-Regulatory. Demography. Environmental and Societal . By. S.Vijayalakshmi. .. Assistant Professor. C.P.A.College,Bodinayakanur. International Business Environment. Meaning. :.          . International Business Environment is multidimensional including the political risks, cultural... Microenvironment. Also known as . task environment . and . . operating environment. It includes. Consumers / Customers. Competitors. Organization. Market. Suppliers. Intermediaries. More intimately linked with the company than macro factors.