Business Environment: Local vs. Global Business - Group Presentation

This presentation provides an overview of the business environment, differentiating between local and global businesses, private and third sectors. Local businesses serve a restricted geographical area, while national businesses operate within a single country. Private sectors are controlled by private firms, and the third sector encompasses non-governmental organizations. Examples of local and global businesses are provided, such as Marshfield Bakery and Unilever plc, respectively. The presentation references academic sources to support its analysis of the business environment, organizational structures, and market dynamics. Desklib offers a variety of study tools, including past papers and solved assignments, to aid students in their studies.

Business
environment

Local business
It is related to those type of organisation of the market which has provided their
goods and services to local population. Their scope of business are restricted to
single geographical area.
National Business
It refers to those organisation of the market which sells and purchase their goods
and services in national level. The business functions of these type of organisation
are limited to single country or the nation.

Private sectors
It refers to those sector of the economic system under which the main control are lies in the
hands of private firms of the market.
Third sectors
It is related to those sector of the market under which different type of non governmental
organisations has operated their business.
Example of local and global business
The scope of business of Local business is limited to th local market or the area and the
example is Marshfield Bakery.
The global business has conducted their business in international markets and example of the
same is Unilever plc.

REFERENCES
 Betti, N. and Sarens, G., 2020. Understanding the internal audit
function in a digitalised business environment. Journal of Accounting
& Organizational Change.
 Nam, V.H. and Bao Tram, H., 2021. Business environment and
innovation persistence: The case of small-and medium-sized
enterprises in Vietnam. Economics of Innovation and New
Technology, 30(3), pp.239-261.
 Khajeheian, D., Friedrichsen, M. and Mödinger, W., 2018. An
introduction to competitiveness in fast changing business
environment. In Competitiveness in emerging markets (pp. 3-11).
Springer, Cham.