Example: Rogers Communications now has more than 65 channels broadcasting in more than 20 languages across Canada
CONSUMERISM • Consumerism Social force within the environment that aids and protects the consumer by exerting legal, moral, and economic pressures on business and...
benefit from a business degree.
Identify which virtual campus resources you found to be of particular value to you in learning the unit content.
In your own words, describe the basic environments (legal, social, economic) in which a business operates. You are encouraged to use the library...
Points Possible: 140
Date Due: Friday, Oct 08, 2010
Objective: •Describe the basic environments (legal, social, economic) in which a business operates.
•Explain the basic concepts of management and recognize problems faced in operating a business enterprise.
Submitted Files: Submit Task
Instructor Comments: No comments have been made...
vision in unfamiliar environments.
PEST Analysis is a simple and widely used tool that helps you analyze the Political, Economic, Socio-Cultural, and Technological changes in your business environment. This helps you understand the "big picture" forces of change that you're exposed to, and, from this...
Environmental scanning (Evans, 1998)
-An early warning system for the environment forces which may impact a company’s products and markets in the future.
-Scanning enables a company to act rather than react to opportunities and/or threats.
-Should be long-term (future)
*Change to lead to threat or...
business must operate. As a partial fulfillment of the "social contract" between business
and society firms are expected to pursue their economic missions within the framework
of the law. Legal responsibilities reflect a view of "codified ethics" in the sense that they
the business in a selected
organisation, using examples
P6 describe how political,
legal and social factors are
impacting upon the business
activities of the selected
organisations and their
M3 analyse how political, legal
and social factors have
impacted on the two...
* Political factors – Essentials of Marketing (2002) says that many of the legal, economic and social developments in society is nothing more than political decisions put into action. The political climate is of great significance to the marketing firm and has a direct...
rights enforcement, and peaceful, objective resolution of disputes in accordance with the rule of law4 are public goods that are necessary for viable business transactions. The political and legal system in which a business operates matters to the success of that business, as managers of U.S. MNCs...
syllabus begins with examining the purpose and types of business which exist, the key stakeholders and the rights and responsibilities that businesses have in connection with them, exploring the external influences that affect the business in its environment, including economic, legal, social and...
. business organisation. An external environment affects businesses as much as they are affected by the competitors. Global factors influencing business are legal, political, social, technological and economic. All this factors have a large impact in how the business develops. • Social factors are...
you will create the leaflet on (choose an organisation in which you will be able to research a lot of material on).
II. Identify the two contrasting economic environments you will describe (e.g. growth and a recession)
III. Describe how the first economic climate influenced the business (e.g...
cultural environments shape the behaviour of UK business.
Business and cultural environments have great impact on an organisation. Business environment includes social, political, legal, economic conditions. Anything not related to political and economic system can be considered as social cultural...
in business strategy, organizations have to have a solid view of who their basic stakeholders are and how they should be treated in terms of ethics. The literature suggests CSR to take place in 4 distinct layers: economic, legal, ethical and philanthropic.
The cases of the JohnLewis Partnership...
New Business Ventures in the U.S. and International Markets
This is a glossary of some basic business terminology.
Points Possible: 125
Date Due: Sunday, Aug 30, 2009
Objective: Describe the basic environments (legal, social, economic) in which a business operates...
implemented successfully if the organisational structure makes this possible.
Planning, leading and control are facilitated if management has an effective and dynamic organisational structure.
Factors that influence Organisational Structure:
Environment in which the business operates:
organisation and its environment. Strategies are not necessarily found within a comprehensive, consciously-formulated plan but rather within emerging policies, procedures and programs. A ‘business plan’ is not necessarily strategic; organisations can default to production of a plan which describes...
, Economic, Social, Technological, Legal, International, Environmental, Demographic
• STEEPLE analysis - Social/Demographic, Technological, Economic, Environmental, Political, Legal, Ethical
• SLEPT analysis - Social, Legal, Economic, Political, Technological
• STEPE analysis - Social, Technical, Economic, Political, and Ecological
• ETPS analysis - Economic, Technical, Political and Social - Scanning the business environment...
foreign capital and enterprise, etc., all constitute the environment system within
which a business firm operates. These environmental factors are many in numbers and
various in form. Some of these factors are totally static, some are relatively static and
some are very dynamic – they are...
as ______________ comprising people and _____________ involved in the process of transporting the product from the producer to the consumer.
The macro-environment consist various elements such as demographic, legal, social, economic and technological variables that affect an...
fulfillment of the "social contract" between business and society firms are expected to pursue their economic missions within the framework of the law. Legal responsibilities reflect a view of "codified ethics" in the sense that they embody basic notions of fair operations as established by our lawmakers...
economic development in the business. To improve the quality of life means all the people are
meeting their essential needs, for example in developing countries different people have not
access to meet the basic needs of life like pure drinking water, electricity, food etc.
CSR has become a key part...
describe the influence of two contrasting economic environments on business activities within a selected organisation describe how political, legal and social factors are impacting upon the business activities of the selected organisations and their stakeholders. M2 compare the challenges to selected...
society" is being termed corporate social responsibility.
Corporate social responsibility is a multidimensional construct comprising four subsets of (1) economic; (2) legal; (3) ethical; and (4) voluntary philanthropic responsibilities. The economic responsibilities of a business are to produce...
environment which entrepreneurs operate in are also important and will have lots of influences for them. Culture is the characteristics of a particular group of people, defined by everything from language, religion, cuisine, social habits, music and arts.(Hofstede, 1991). Culture shapes what individuals...
corporate social responsibility of business entails the simultaneous fulfillment of the firm's economic, legal, ethical, and philanthropic responsibilities. Stated in more pragmatic and managerial terms, the CSR firm should strive to make a profit, obey the law, be ethical, and be a good corporate citizen...
Unit 5 Individual Project
December 10, 2011
After evaluating and conducting extensive research we should be acclimated with the functions and operations of basic legal environment, social environment and economic environments as it pertains to...
’ was given by him and it was used to describe economic, technical, political, and social factors. In the early 1970’s, the environmental factor was added in this approach by Arnold Brown. In the 1980s, the model involved in legal factor.(Richardson, 2006). A decade later of Brown’s ‘STEPE’ model...
▪ External environment ( little control e.g. state of economy, govt regulations, legal issues, number & strength of competitors & tech advices
• economic and social factors
o Economic cycles (business cycle) ( period of growth (boom) & recession (bust...
prevailing economic theory, developed over 5
several centuries, argues that the central purpose of business is to maximize profits – and nearly all of the incentives of the current economic model drive profit maximization with little regard for the costs borne by the environment or the community...