WEEK 9
This environment which covers the nature of the political system and how that influences business and includes such attributes as political risk, political instability, and trade agreements and alliances.
What is the Political Environment?
This environment can cover areas where systematic unfairness can be at play and examine behaviours and attitudes to sustainability and guardianship of resources for future generations.
What is the Ethical/Environmental environment?
This social value means that people accept inequality in power among institutions, organisations, and people.
What is Low Power distance?
This social value reflects a society's preference for a loosely knit social framework in which individuals are expected to take care of themselves.
What is individualism?
This means that people accept inequality in power among institutions, organisations, and people.
What is high power distance?
This environment includes issues of economic structure, such as the relative proportion of the economy devoted to each of agriculture, mining, manufacturing and services. In general in a growing economy, more people are working and wages are growing. More goods and services are brought and sold.
What is the economic environment?
This environment includes the legislation, regulations, and court decisions that govern and regulate business behaviour and the people that live in that society.
What is the Legal environment?
This social value that members of a society feel uncomfortable with uncertainty and ambiguity, and thus support beliefs that promise certainty and conformity.
What is high Uncertainty avoidance?
This social value reflects a preference for a tightly knit social framework in which individuals look after one another and members protect their members interest.
What is collectivism?
This social value means that people in a society have high tolerance for the unstructured, the unclear, and unpredictable.
What is low uncertainty avoidance?
This environment includes the cultural values of society have an influence on business strategy and practice. It includes the demographic, general behaviours, attitudes, and beliefs of people in that society.
What is the socio-cultural environment?
This environment includes how new or changing technology is the knowledge, tools, and techniques used to transform inputs (raw materials, information, and so on) into outputs (goods and services and by-products).
What is the Technological environment?
This social value means a society's acceptance for valuing behaviours such as achievement, heroism, assertiveness, work centrality and material success and therefore acceptance of stress
What is Masculinity?
This social value reflects a society's preference for valuing such behaviours such as cooperation, group decision making and quality
of life
What is femininity?
This social value reflects a society's concern for for the future and highly values thrift and perseverance.
What is Long-term time orientation?
Civil unrest, riots, and frequent changes of government could be indicative of red flags in this environment.
What is the political environment?
A country's physical facilities such as roading, freighting, ports, airports, and safety help determine the strengths and weaknesses of this environment.
What is the economic environment?
This global project value dimension reflects that a society encourages toughness, assertiveness, and competiveness
What is high assertiveness?
This global project value dimension reflects that a society values tenderness and concern for others before competiveness.
What is low assertiveness?
This social value reflects a society's concern for with the past and present and places value on traditions and meeting social obligations.
What is short-term time orientation?
The kinship patterns and changing composition of the population but the skill base of the population help determine the strengths and weaknesses of this environment.
What is the socio-cultural environment?
The access to AI, security in cryptography, and and reliable cellphone networks or fast, secure, and reliable internet connectivity help determine the strengths and weaknesses of this environment.
What is the technological environment?
This global project value dimension shows in this society women tend to have higher status and play a stronger role in decision making.
What is low gender differentiation?
This global project value dimension shows in this society there is a high emphasis on performance and rewards for people who obtain excellent results.
What is high performance orientation?
This global project value dimension shows in this society men to have higher social, political, and economic status.
What is high gender differentiation?
Health and Safety and employment legislation plus contract law and laws stipulating how business interact with the environment help determine the strengths and weaknesses of this environment.
What is the legal environment?
Disposal of waste, and use of energy plus access to housing, education, and health help determine the strengths and weaknesses of this environment.
What is the ethical/environmental environment?
This global project value dimension shows in this society people pay less attention to excellence and performance and more to loyalty, belonging, and background.
What is low performance orientation?
This global project value dimension shows in this society their is more value on helping others and being kind.
What is high humane orientation?
This global project value dimension shows in this society expects people to take care of themselves.
What is a low humane orientation?