Management and Operations

Different types of entrepreneurial ventures
MANAGEMENT
AND
OPERATIONS
PROCTER & GAMBLE

Table of Contents
Factors of business Environment..........................................................................1
External Factors ........................................................................................................... 1
Internal Factors............................................................................................................. 2
Factors of business environment
There are various internal as well as external factors in business
environment which affects the decision making process by leaders and
managers in an organization. These factors are explained below in
detail:
Internal Factors
External Factors
External Factors
Technological Factors
There are various advancements and up gradation in technology that
need to be understood by every enterprise. As per the current or
present market situation, every business organization bring timely
changes in their technological aspect. In this context, Procter & Gamble
managers and leaders ensure that they choose such tools, techniques
and technologies, which are aligned with the current trends, preferences
and development exist within marketplace.
Competitor efficiency and flexibility: Every business
organization is required to follow some practices, which help in
developing a healthy working culture that encourages enterprise to
maintain its position at competitive marketplace. Managers and leaders
of Procter & Gamble adopt various approaches and practices, which
helps in ensuring the sustainability and profitability of an organization
for a long period.
Suppliers: Suppliers provide raw materials or inputs to the
organisations, which help them in producing the finished goods.
Managers and leaders of Procter & Gamble should aware about different
policies use by suppliers, which will affect the profit margins and overall
sale of the company. Along with this, managers ensure that company
have more than one supplier, so that if changes occur in policies of one
supplier does not affect the production process of the company.
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Internal Factor
These factors occur within the business premises. Internal factors of a
business environment affect the working of an organization. Some of the
internal factors are as follows:-
Employees
One of the most important asset of a company is their employees.
Managers of Procter & Gamble are responsible for recruiting such
employees who has the potential and capability to carry out all activities
in an effective manner. As a result, company can gain a competitive
advantage at the marketplace. In context with Procter & Gamble,
management team hire skilled and technically knowledgeable staffs,
which can help organization in the achievement of its goals and
objectives.
Owners:
In order to obtain some profit or margin, some people made
investments in business entities, these people are known as
shareholders. Managers of Procter & Gamble are accountable for making
rules, regulations and policies for the overall growth or development of
the company
If leaders and managers within the company effectively implement these
decisions, it will help them in enhancing their sustainability at
competitive marketplace. As a result, more and more persons will be
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