Preview
Preview

The Business Environment Essay

No Works Cited
Length: 1258 words (3.6 double-spaced pages)
Rating: Orange      
Open Document
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

The Business Environment

Introduction

 An organisation does not exist in a vacuum. It exists in its environment, which provides resources and limitations.

 If an organisation adapts to its environment, it will prosper, otherwise it will fail.

 An organisation and its environment are interdependent and interact very intensively.

o The organisation depends upon its environment for the resources and opportunities necessary for its existence.

o The environment contributes resources to the organisation only if the organisation returns desired goods and services to it.

Effects of the Environment on the Organizations

Environmental factors affect an organisation in 2 ways. They set limits and pose threats and they also provide opportunities and challenges. A change in the government export policy may suddenly threaten an export oriented organisation. A reduction in the rate of interest may provide cheap finance to an organisation.

Effect of Organization on the Environment

Effects of the organisations on its environment are quite obvious in the case of cigarette manufacturing; liquor manufacturing, film making, pharmaceutical companies, etc. These organisations have an obvious impact on its environment.

Elements of the Environment

The business environment that firms operate in can be divided into the internal environment and the external environment.

A. Internal Environment

This refers to all the factors or forces that affect the day to day activities of the business.

1. Customers

• As Peter Duckers has put it, "The ultimate aim of all business organisation is - to create a customer". These days, for most products and services, the market belongs to the buyer. The customers e...


... middle of paper ...


...uct safety
• Misleading advertising
• Complaints from customers

3. The environment

• Pollution
• Noise
• Restoration of land to natural uses

4. Financial honesty and openness

• Bribery and corruption
• Company control and ownership
• Executive pay and compensation
• Contributions to political parties

Conflict between Social Responsibility and Profitability

1. Money invested in social responsibility comes out of the company's profits.

2. If shareholders do not receive what they believe to be a fair return on their investment they are unlikely to contribute to the future requirements of the company.

3. Managers of the business are evaluated strictly upon economic performance; rewards go to managers who keep costs down.

Therefore, social responsibility cannot be left to the whims of individual firms and managers must be enforced by law.


Click the button above to view the complete essay, speech, term paper, or research paper








This essay is 100% guaranteed.


Title Length Color Rating  
The Business Environment Essay - The Business Environment Introduction  An organisation does not exist in a vacuum. It exists in its environment, which provides resources and limitations.  If an organisation adapts to its environment, it will prosper, otherwise it will fail.  An organisation and its environment are interdependent and interact very intensively. o The organisation depends upon its environment for the resources and opportunities necessary for its existence. o The environment contributes resources to the organisation only if the organisation returns desired goods and services to it....   [tags: Organization Environment Business] 1258 words
(3.6 pages)
Good Essays [preview]
Overivew of China's Business Law and Environment Essay - Introduction Since 1979, China has opened up its purely socialist, state-run economy to include elements of the free-market system. By doing so, China is paving the way towards becoming an economic superpower. Nowadays, an increasing number of foreign investors are conducting business either with or in China. To do this successfully, foreign businessmen and professionals must prepare themselves by learning about the business environment in China. In addition, business regulations affect accounting work directly....   [tags: Business Environment, Private Sector Regulation]
:: 6 Works Cited
1921 words
(5.5 pages)
Better Essays [preview]
Influences of Business Environment Essay - The business environment is constantly changing as time goes by. There are several factors that affect the aspects of the business environment such as benefits, costs, and risks of conducting business. The type of business, economic, government, and legal influences are major contributors to the business environment, Riordan Manufacturing, Huffman Trucking, Kudler Fine Foods, McBride Financial Services, The Elias Group, and Smith Systems are business that are affecting by those influences. Types of business may include sole proprietorship, partnership, limited partnership, corporation, limited liability partnership, limited liability company, c-corporation, and s-corporation....   [tags: Business Environment] 1343 words
(3.8 pages)
Strong Essays [preview]
Essay on Business vs. the Environment - Business vs. the Environment Business today has so many responsibilities. Aside from making a profit, they are forced to take on a different responsibility, one that involves the environment. Even though, they already have many regulations set by the government, they are still being asked to answer to the call of helping out the rest of society take of nature. This essay will discuss the pros and cons of corporate responsibility for the environment through the agent-of-society and agent-of-capital views....   [tags: Business Environment Poverty Economics Essays] 1416 words
(4 pages)
Strong Essays [preview]
Responsibility in The Legal Environment of Business Essay - Under which theory or theories of product liability can Kolchek sue to recover for Litisha’s injuries. Could Kolchek sue Porter or Great Lakes. In the case of Kolchek suing to recover for Litisha’s injuries, she can sure under the negligence liability. Every product should be fully tested in every way possible to see if the product functions correctly and will it injure individuals. There should not have been a whole that is not covered. Like stated in our book The Legal Environment of Business, “if a manufacture fails to exercise “due care” to make a product safe, a person who is injured by the product may sue the manufacture for negligence”....   [tags: Litisha’s injuries]
:: 2 Works Cited
746 words
(2.1 pages)
Better Essays [preview]
Analysis Of The External Environment Of Business Essay - Analysis of the External Environment of Business The Technological Environment The external business environment consists of four elements, they are as follows: Political, Economic, Social and technological. It would be impossible to analyse the whole environment in one essay, I have therefore decided to focus my essay on the technological environment. I have chosen this area to focus on because as Palmer and Hartley point out, it is one area that is forcing immense change in the external business environment....   [tags: Business Technology] 1591 words
(4.5 pages)
Powerful Essays [preview]
Essay on Analysis of the External Environment of Business - Analysis of the External Environment of Business A ‘business' is commonly defined as an organisation which provides goods or services in addition to transforming input into output. Its objectives can either be profitable or non-profitable. One of the main requirements that must be fulfilled for a business to exist is that it must act and react to activities and occurrences beyond that of the organisation. These factors that happen outside of the business are known as external influences or factors....   [tags: Business Technology Analysis] 1681 words
(4.8 pages)
Powerful Essays [preview]
Change in the Business Environment Essay - Many people will approach change in a business environment with pre-conceived anxiety and worries. However, this does not always need to be the case – many employers are using new strategies and tactics to promote business change in a positive light – methods such as empowerment, Kaizen production, and bottom-up change are becoming evermore popular with large companies. First though, I want to examine why workplace change is such a worry for so many staff. The underlying reason for worries about change is the reluctance to give-up the established organisational culture of a particular department or business – in a sense “the way we do things around here”....   [tags: Business Management] 1252 words
(3.6 pages)
Strong Essays [preview]
Essay on Business Environment - Weatherford International Ltd (WFT) a New York Stock Exchange (NYSE) listed company is one of the world’s leading oil and gas field service and equipment providers, its products and services span the oil/gas well’s life cycle, encompassing exploration, drilling, extraction and production of all forms of oil and gas. WFT employs more than 50,000 people and operates in more than 100 countries worldwide geographically segmented into four global regions that cover all major oil and gas-producing areas, North America: Latin America: Europe/West Africa/ Former Soviet Union: Middle East/North Africa/Asia, with four individual headquarters located, Houston, Moscow, Dubai, and Singapore....   [tags: Ethical Environment, Oil, Gas] 1932 words
(5.5 pages)
Strong Essays [preview]
The Environment and Big Business Essay - Since the rise of environmental awareness, business and industry have always considered environmentalism a waste of time, only getting in the way of profits and production. From the perspective of business, environmentalists push for regulations and restrictions on businesses which cost them more money and frequently restrict some of their practices. What business an the economy doesn't know is that they can actually save money by being environmentally responsible, while protecting the very resources they depend on ....   [tags: Environmental Problems, Environment Pollution] 846 words
(2.4 pages)
Strong Essays [preview]