Business Environment

A business can be established, but to growth and success of business depend on the resources. Such as the business needs resources like Human Resources, for which it has to depend on Human resource agencies or departments. Acceptance of Political, social, cultural norms, for which it has to depend on Political parties, society, and cultures. Proper market conditions, for which it has to depend on the market. The sale of products/services, for which it has to depend on the customers.

Technological Environment: Types, Component, Relationship

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We are going to discuss the Technological Environment: Types, Component, Relationship with business and human resources. Let’s start with some basics of the Technological Environment. Concept of Technological environment Technology is the making, modification, usage, and knowledge of tools, machines, techniques, crafts, systems, methods of organization, in order to solve a problem, improve a pre-existing solution to … Read more Technological Environment: Types, Component, Relationship

Social-Cultural Environment

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The social-cultural environment is part of the external environment in which social and cultural changes affect the business firm. It is generally referred to as a physical and social setting in which people live and their behavior. Social Cultural Environment is defined as a set of beliefs, values, norms, customs, practices, and behavior that exists … Read more Social-Cultural Environment

Relationship between Business and Government

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relationship between Government and Business image

Today, we are going to discuss Business and government relationship. It is the subtitles of the Political environment. Let’s start with some basics about business and Government. Business and Government Relationship Government and business institutions in a country in many ways are interrelated and interdependent on each other. In today’s global economy, businessmen and entrepreneurs … Read more Relationship between Business and Government

How to Political Environment and its Component can impact You Business

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Political environment image

Today, we are going to study the Political environment and components of the Political environment. Let’s start with the Introduction of the Political environment. Introduction to the Political environment. Political Environment refers to the influence of government institutions, strategies of political parties, policies of state and local government and the relationship between government and business. … Read more How to Political Environment and its Component can impact You Business

Meaning and Process of Environmental Analysis

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Environmental Analysis

Today, we are going to study the meaning of environmental analysis, and the process of Environmental analysis. Let’s start with the Introduction of the business environmental Analysis. Introduction to Environment Analysis Environmental Analysis is a process of identifying the relevant factors that have a direct or indirect impact on the effective and efficient functioning of … Read more Meaning and Process of Environmental Analysis

Important Techniques/Methods, Process, and Definition of Environmental Scanning should be followed for Effective Analysis

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thumbnail of environmental scanning

Today, we are going to study environmental scanning, types of environment scanning, process and methods/techniques of Environmental scanning. Let’s start with the Introduction of environmental scanning. Introduction to Environment Scanning Environmental scanning is an X-ray of the environment. It is defined as the process of understanding the dynamism and trends of the environment. In other … Read more Important Techniques/Methods, Process, and Definition of Environmental Scanning should be followed for Effective Analysis

Main Components of Business Environment

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Main Components of Business Environment should be know before starting Business

Today, we are going to discuss the main components of the business environment that should know before starting a business. Let’s start with some basics of the components of the business environment. Before jump into the components of business environment, Lets revised little bit of business environment. Business environment is a mixture of complex, dynamic and uncontrollable external and … Read more Main Components of Business Environment

Business Environment: Meaning, Features, and Importance

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defination of business Environment and its importance

When I asked someone “What is Environment?”  During my job. He replied, “Everything we depend on.”  I like this statement and since then, my thinking of the environment and its value hasn’t changed much. In the same line of thought let us understand some of the environment and business relations, the definition of the business environment, … Read more Business Environment: Meaning, Features, and Importance