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Report on Financial Information for Business Sustainability

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Added on  2020-05-01

Report on Financial Information for Business Sustainability

   Added on 2020-05-01

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Financial information for business sustainability 1Financial information for business sustainabilityInstitutional affiliationCourse idStudent nameDue date
Report on Financial Information for Business Sustainability_1
Financial information for business sustainability 2Financial information for business sustainability Business industry around the globe is changing after every dawn, this changes in thebusiness industries are encouraged by different factors that affect how business activities areconducted. It is important for the business organization to recognize the impacts of both internaland external business factors. The internal and external business environmental factors areconsidered to entail several aspects that affect nature of business operations[ CITATION Sch \l1033 ].According to Drury 2016, global competition, new technologies as well as the increasingsocial and cultural environmental factors are the affecting how business activities are operated.The success of a business organization is based on how the internal and external business factorsare collectively correlated[ CITATION Sam17 \l 1033 ]. The business industries are advocated toidentify the environments which operate and devise relevant policies that could help indesignating new business reforms that are relevant to the changing business environment.Understanding the current situationBusiness environment constitutes factors that affect the internal and external activities ofbusiness enterprises. Business enterprises have a role to understand the business environmentswhich they operate, the organizational top management has to comprehend the current businesssituations. By understanding the current business situations, an enterprise management will ableto project on different business aspects and prepare for possible reforms. For instance, thebusiness enterprise should consider comprehending the current business competition, it is theresponsibility of the business management to implement on measures will allow the particularorganization to gain competitive advantage[ CITATION Rez17 \l 1033 ].Understanding Change
Report on Financial Information for Business Sustainability_2

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