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Context In Business Assignment Sample

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Added on  2021-01-01

Context In Business Assignment Sample

   Added on 2021-01-01

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Context In Business
Context In Business Assignment Sample_1
ContentsContents...........................................................................................................................................2INTRODUCTION...........................................................................................................................1MAIN BODY..................................................................................................................................1LO1 The dynamic and changing nature of business and the consideration of the future oforganisations within the global business environment................................................................1LO2 The need for individuals and organisations to manage responsibly and sustainably andbehave ethically in relation to social, cultural, economic and environmental issues..................3CONCLUSION................................................................................................................................3REFERENCES................................................................................................................................4
Context In Business Assignment Sample_2
INTRODUCTIONIn business scenario, business might be understood as the effective ad arranged efforts of anorganisation to produce and supply goods and services to customer in order to produce profits(Chang, Yeh and Liu, 2015). In today’s world’s modern business is dynamic so business entityare required to spend more time on different aspect such as research and development so thatactual needs and trends of customer and market can be analysed in order to survive for long inmarket. In this project, proper understandings of the micro and macro have been discussed. Apartthese, the determination of needs of an individual and an organisation to respond any issue aredescribed in this project. MAIN BODYLO1 The dynamic and changing nature of business and the consideration of the futureof organisations within the global business environment.In recent time, almost every company is a part of business environment within which itruns their operations. It is observed that no firm could function in isolation due to many elementsto forces that are closely surround business that is commonly termed as business environment. Itis mainly divided into two factors named micro and macro environment. Microenvironment has astraight impression on the business happenings and on the other side macro environment are kindof broad business environments that impact the business groups at large. With the dynamicnature of environment it is very important for the manager to ensure these factor and analysethem, properly has it have changed nature of companies operating at global level. These factorsare discussed below:Customer: With the increasing demand and requirement of customer it is important for anorganisation to make sure that these needs are analysed in specific manner so that appropriategoods are produced as per the requirements (Kew and Stredwick, 2016). They are consider to beking for businesses as their demands keeps on changing it has also impact the business operationof customer as companies have to look closely to their demands in order to manufacture relevantproduct. For example, customer needs more advance feature in automobile, then manager ofToyota needs to produce cars with high and advance technology that support to increase salesand more number of customer are satisfied. 1
Context In Business Assignment Sample_3

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