Relation between business & enviornment
- 1. RELATIONSHIP BETWEEN BUSINESS & ENVIORNMENT INDIAN BUSINESS ENVIRONMENT Submitted By: DHANANJAY SINGH
- 2. CONTENTS C1 Business C2 Business Goals C3 Business Environment C4 Types of Business Environment Factors C5 Environment – Business Relations
- 3. C1.BUSINESS? • Business may be understood as the organized efforts of enterprise to supply consumers with goods and services for a profit. • Businesses vary in size, as measured by the number of employees or by sales volume. But, all businesses share the same purpose: to maximise profits.
- 4. C.2 BUSINESS GOALS • Profit • Growth • Power • Employee satisfaction and development - Business is people. • Quality Products and Services - Persistent quality of products earns • Market Leadership • Challenging • Joy of creation • Service to society
- 5. C.3 BUSINESS ENVIRONMENT • 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. • The business environment poses threats to a firm or offers immense opportunities for potential market exploitation.
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- 7. . • Social and culture Environment It refers to people’s attitude to work and wealth; role of family, marriage, religion and education; ethical issues and social responsiveness of business. • Political Environment A stable and dynamic political environment is indispensable for business growth.
- 8. .• Legal Factors Legal factors relate to new laws or directives governing how businesses behave. This can be in relation to other businesses, customers or the environment. • Demographic Factors Demographics play a crucial role in the success of businesses, as learning consumer characteristics helps a business owner determine what products and services to create and how to market them.
- 9. . • Economic Environment Business obtains all its needed inputs from the economic environment and it absorbs the output of business units. • Technological Environment Technology changes fast and to keep pace with it, businessmen should be ever alert to adopt changed technology in their businesses.
- 10. C5.ENVIRONMENT – BUSINESS RELATIONS • There is symbolic relationship between business and its environment and among the environmental factors. • These environmental forces are dynamic. They keep on changing as years roll by, so does business. • A particular business firm, by itself, may not be in a position to change its environment. But along with other firms, business will be in a position to mould the environment in its favor.