Business Environment Analysis: Examining Forces on Canadian Businesses

This report provides a business environment analysis focusing on the impact of various environmental forces on Canadian businesses, particularly in light of the COVID-19 pandemic. It examines the economic and technological factors affecting businesses, noting the negative economic impacts of COVID-19 such as inflation and increased taxation, alongside the positive influence of technological advancements like online shopping platforms. The analysis also addresses ethical implications arising from the pandemic, including challenges in patient management and resource allocation. The report concludes that understanding these environmental forces is crucial for Canadian businesses to navigate the challenges posed by COVID-19 and other current issues, with both government and public efforts playing a vital role in mitigating negative impacts.

Business Environment
Analysis

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Considering environmental forces impacting business................................................................3
Ethical implications involved in covid........................................................................................4
CONCLUSION................................................................................................................................4
REFERENCES................................................................................................................................1

INTRODUCTION
A business environment analysis refers to the report that collets or gather the data and
information and also examines the information of the factors internally or externally impact the
business activities (Zhang and Cao, 2020). These reports carry the positive as well as negative
effects of the factors on the organization. This report shows the impact on the Canadian
businesses of various environmental forces related to the current issues.
MAIN BODY
Considering environmental forces impacting business
There are various environmental forces that gave positive or the negative impact on the
business. These forces include factors such as political, social, legal, economical, technological,
environmental and also there are some factors that affect the internal environment like
opportunities, threats, power of buyers and suppliers, etc.
ECONOMICAL FACTOR: Economical factor is related to the economic condition or the
situation of the company (Sołoducho-Pelc and Sulich, 2020). Now a day the economic condition
of Canada is not so good. Canada faces the problem of currency inflation, higher interest rates,
increased taxation level, etc. covid-19 is responsible for the economic condition of Canada and
even of the whole world. The impact of this factor on businesses is that the profit percentage,
productivity, sales and production of organizations is continuously decreasing. This directly
affect the economy and the growth of the Canadian businesses and many enterprises suffer
losses.
TECHNOLOGICAL FACTOR: Technological factor refers to the new technologies that are
introduced in the market. It also includes the social media platform mainly the online shopping
websites. These technological factors are affecting the production and sales of the company's
product (Gaganis, Pasiouras and Voulgari, 2019). As various Canadian businesses also use the
online platform for the customers so this factor give a positive impact on the organizations of
Canada. After the pandemic most of the customers prefer online shopping for them and it
becomes favourable for the businesses in order to increase the sales of the company and helps
them in minimising the negative effects of covid-19. As there is no sales from the stores because
of covid-19. The only one way to increase the sales is through the online platform. So the
organization is getting positive impact and results through the technological factors such as

digitalization. This will help the company in finding the temporary solution to overcome the
crisis situation.
Ethical implications involved in covid
In this crisis situation issues related to the patient management, transfer of the patient
from one place to another, lack of availability of beds and the increased density of work, etc. are
the main ethical issues (Carracedo, Puertas and Marti, 2021). On the other hand the family of the
patients are not allowed to touch the bodies and there are no places left to buried the dead bodies.
However, some people came forward to help the patients as well as the poor people. Government
as well as public put hard efforts to overcome these ethical situation by supplying free food and
free treatment of the covid patients and also tries to get every citizen vaccinated.
CONCLUSION
From the above report, it can be concluded that there are many general environment
forces that gave impact on the Canadian businesses related to the issue of covid-19 pandemic
situation and also the ethical implications that are involved in covid-19 and some other current
issues of the business.

REFERENCES
Books and journals
Carracedo, P., Puertas, R. and Marti, L., 2021. Research lines on the impact of the COVID-19
pandemic on business. A text mining analysis. Journal of Business Research. 132. pp.586-593.
Gaganis, C., Pasiouras, F. and Voulgari, F., 2019. Culture, business environment and SMEs'
profitability: Evidence from European Countries. Economic Modelling. 78. pp.275-292.
Sołoducho-Pelc, L. and Sulich, A., 2020. Between sustainable and temporary competitive
advantages in the unstable business environment. Sustainability. 12(21). p.8832.
Zhang, L. and Cao, C., 2020. Control power of senior executive, business environment and
entrepreneurship. International Journal of Sustainable Development and
Planning. 15(7). pp.1127-1136.
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