External and internal business environments, Business Management

Research the external and internal business environments for the business you have chosen.  You should use your text book or another reputable Management text book to identify the environmental factors that affect any business organisation.  You then should use this knowledge to investigate the business environment of the specific business you have chosen.  The businesses operate in different industries having a Specific Environment for each.  The General Environment impacts on all businesses and any changes will have a mixture of good, bad or indifferent outcomes on the business you choose.  Your objective is to understand how managers' behaviours adapt the business operations to changes in the external and internal environments.

The External Environment

"Those factors and forces outside the organisation that affect the organisation's performance."  Robbins et al; p. 83

 

It consists of:                                           The Specific Environment

                                                                  The General Environment

 

Part One - The Specific Environment

The Specific Environment (has four (4) components - see pages 83 to 85 of the course textbook) for more information about them.  These factors influence directly managers' behaviours: read chapter 3 of your textbook.

One (a) Referring to the four (4) components of the Specific Environment as they relate to the business you have chosen from the list above identify and describe two (2) examples for each component that have changed significantly over the last five (5) years.

You must explain why this change is relevant to the business and describe the impact it has had on the business.

One (b) Choose only one (1) example of a change out of the Specific Environment components and suggest one suitable response by a business manager that would ensure the business adapts successfully to that change.  Your answer should be realistic and explained sufficiently.

Part Two - The General Environment

Two (a) Research the components of the general environment as they relate to the business chosen and describe one example, for each component, of a change that has had an impact on the business within the last five (5) years.

Two (b) Describe the actions of a manager that could help the business successfully adapt to each of the changes you have described in Two (a) above.

Posted Date: 2/22/2013 12:42:37 AM | Location : United States







Related Discussions:- External and internal business environments, Assignment Help, Ask Question on External and internal business environments, Get Answer, Expert's Help, External and internal business environments Discussions

Write discussion on External and internal business environments
Your posts are moderated
Related Questions
calculate point elasticity of demand for demand function Q=10-2p for decrease in price from Rs.3 to Rs.2

10. State Z’s automobile manufacturing industry is one of the largest and most highly regarded in the world. The industry is concerned that it may lose some of its domestic market

What is oral business communication? Explain its benefits to the organisation and to the individual employee.

QUESTION 1 Planning is important for the success of an organization. Yet several organisations are reluctant to be involved in the planning process. Discuss the validity of thi

Question 1: In analysing managerial approaches to IR, one of the key concepts that need to be considered is managerial style. Discuss Fox's typology of managerial styles. Q

b) An knowledge and awareness of multiculturalism may foster improved communication because: Employees can communicate better with one another in order to achieve organisati

Academicians are constantly pursuing ways for reforming the strategies and systems in education in view to improve its quality as well as its outcome. Developing efficacy to addres

QUESTION The Importance of Effective Communication The Building Societies Association (BSA) is the trade association for all the UK's building societies. A building societ

Question 1 Explain the basic steps in dressing up the full size mannequin Question 2 Explain types of display settings Realistic setting Environmental setting

Question 1: a) Explain how a business could carry out market research. b) Describe the difference between selling and marketing. c) Describe the 4 main international mark