This presentation discusses the positive and negative impact of macro environment on business enterprises. It covers the internal and external analysis of strengths and weaknesses, and how to integrate them with external macro factors. The conclusion emphasizes the importance of evaluating the business environment carefully.
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Business And Business Environment Task 2
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Table of Contents Introduction Positive and negative impact of macro environment Internal and external analysis of strengths and weaknesses Integrate strengths and weakness with external macro factors Conclusion References
INTRODUCTION Business environment is basically composed of two words 'Business' and 'Environment'. Business means primarily the human activities such as manufacturing, buying or extraction or sales of goods and services which are performed to earn money. At the other hand, environment refers the aspect of surroundings. It consists of two elements like internal and external factors. Internal may involves mainly 5 M's such as management, money, machinery, material and man.
Positive And Negative Impact Of Macro Environment Macro environment can be described as general factors of surroundingsthatcanaffectworkingofallbusiness enterprises.Therearevariouselements likePolitical, economic, social, legal, environmental and technological.
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Continue... Positive impact:- These factors prevent to do something inappropriate and carefully working so that it will results in better outcomes.
Internal and external analysis of strengths and weaknesses Strengths:- This aspect concentrated on prospective customers, current brand image and constantlyperforming on them to improve its presence in market scenario. It also existing effecting research and development team, increased employee satisfaction. It is important to know about the strong points of an enterprise because that can be utilised to improve productivity or reduce the negative affects on organisation.
Internal and external analysis of strengths and weaknesses Strengths:- This aspect concentrated on prospective customers, current brand image and constantlyperforming on them to improve its presence in market scenario. It also existing effecting research and development team, increased employee satisfaction. It is important to know about the strong points of an enterprise because that can be utilised to improve productivity or reduce the negative affects on organisation.
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Continue... Threats:-Many companies with largeprofileandperforming effectively or efficiently over globetherealwaysexits vulnerability.
Integrate Strengths And Weakness With External Macro Factors There is requirement to conduct SWOT analysis to know about the strengths, weaknesses, opportunities and threats in order to deter,mine requirement of organisation. Any enterprise can utilise its strong points and chances to utilise them in correct manner as per need and situational demand.
Conclusion Theabovereporthadconcludedthattherearevariouskindof organisation in business era such as public, private and voluntary having their own policies and aims. They have different kind of structures as per their dissimilar purposes to perform regular tasks and activities to generatedesired outcomes.Every firm have to conductevaluationthebusinessenvironmentverycarefullyin proper manner.
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References Agarwal, R., Grassl, W. and Pahl, J., 2012. Meta-SWOT: introducing a new strategic planning tool.Journal of Business Strategy.33(2). pp.12-21. Aterido,R.,Hallward-Driemeier,M.andPagés,C.,2011.Big constraints to small firms’ growth? Business environment and employment growth across firms.Economic Development and Cultural Change. 59(3). pp.609-647.