Internal and External Business Environment
refers to the factors or elements affecting a business organization. It may be divided into the External and Internal
Business Environment
Which of the two (SWOT or PEST) is all about the EXTERNAL FACTORS that affect the business?
PEST
This type of cultures are more flexible as regards time; accomplishing many different things at once is also common for these cultures.
Polychronic Cultures
total process which includes not only economic growth or the increase in the given amount of goods and a service produced by the country’s economy, but also considers the social, political, cultural, and spiritual aspects of the country’s growth.
Economic Development
What are the two types of Business Organizations according to Robbins and Coulter?
Traditional and Open/Flexible
governing body of the company who is elected by stockholders, and they are given the responsibility for overseeing a firm’s top managers such as the general manager.
Board of Directors
A PEST factor that is concern about the immediacy and spread of online retailing, IT in energy and the impact of things like net metering, distributed generation and clean power, web platforms
Technological factors
the degree to which society is uncomfortable with risk and change
Uncertainty Avoidance
the first “development economist.”
Adam Smith
business organization whose design eliminates vertical, horizontal, or external boundaries, and is described to be flexible and unstructured; there are no barriers to information flow and, therefore, completion of work is fast.
Boundaryless business organization
collective behavior of members of an organization and the values, visions, beliefs, habits that they attach to their actions.
Organizational Culture
Give one Social factors that affect a School Business (private schools, daycare, etc)
Age demographics, lifestyle choices, population growth rate, etc, answers may vary
part of local Filipino culture and practiced by some Filipino workers which is counter productive since it encourages the postponement of performing tasks that can be done immediately to another day
mañana habit
In this stage, economic and technical progress dominates. Multiple industries expand and new industries or businesses take root.
Stage 4: Drive to Maturity
What are the the three main types of business organizations?
Sole/Single Proprietorship
Partnership
Corporation
Inflation, rates of interest, changing options in stock markets, and people’s spending habits are some examples of factors/elements of _____
economic situations
These are positive attributes that give you an advantage over competitors. They’re the things that you do well, you’re proud of, and help you stand out.
Strengths
a wide-ranging taxes, tariff, and trade treaty that often includes investment guarantees. It exists when two or more countries agree on terms that help them trade with each other.
trade agreement
ensures that the present needs of a particular generation are fully met without endangering the ability of future generations to also fully meet their own needs.
Sustainable Economic Development
Collection of people working together to achieve a common purpose in relation to their organization’s mission, vision, goals, and objectives, sharing a common organizational culture.
Business Organization
refer to national or local laws, international laws, and rules and regulations that influence organizational management.
Politico-legal situations
These are unfavorable situations or conditions that can harm your business. They’re risks or challenges you need to recognize.
Threats
This is an international or global environment where we are enabling business without barriers in a borderless world.
Global Outsourcing
What does MDG stand for?
Millennium Development Goals
Made up of a small group of full-time workers and outside experts who are hired on a temporary basis to work on assigned projects
Virtual Business Organization