Business Environment Mba Notes
Business Environment Mba Notes Online
Business Environments.1.What do you mean by BusinessEnvironment?? The environment of any organization is “ the aggregate of all conditions,events and influences that surround and affect it.” In other words, business environment is individual and organisation thatexists outside the business and have influence direct and indirect to thebusiness.Why study Business Environment??The success of every business depends upon adapting itself to the environmentwithin which it functions.For Example:1. Lego star wars clone wars cheats ps4. When there is a change in government policies, the business has to make thenecessary changes to adapt itself to the new policies.2. Change in technology may render the existing products obsolete, introduction ofcolour T.V television replaced the black and white T.V or introduction ofcomputers replaced type writers.3. Introduction of Jeans affected traditional wear. Etc.All these aspects are external factors that are beyond the control of business.Hence it is very important to have a clear understanding of concepts of businessenvironment in order for business units to adapt themselves to the BE.Importance Of Business Environment Firm to identify Opportunities and getting the first mover advantage. Maruti for small cars. Firms to identify threats and early warning signals. Multinational entering Indian market. Continuous learning: Environmental analysis makes the tasks of managers easier in dealing withbusiness challenges. Image Building: By showing their sensitivity towards the environment.
Mba Lecture Notes
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