Business Environment and Economic Principles Presentation

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MGT 501 BUSINESS
ENVIRONMENT

INTRODUCTION
 This presentation provides information
about the business and their
environment.
 It also focuses on the
economic principles.
 This presentation also concludes
about the professional goal and their
development.

DEFINITION OF BUSINESS
 Business is defined as the
involvement of any organization
or person who is indulged in
the commercial industrial
activities.
 As per my learning the business is
risk which a person takes for
the success of his in the long
run.

ECONOMIC PRINCIPLES
People face trade offs
People made response to incentives
The cost of something what you give up to get it
Trade contains the power to make everyone better
off
Prices increase when government creates too much
money

BUSINESS ENVIRONMENT
 I normally understands about the
environment in which business is
situated.
 But now I have learnt that the internal
and external environment which can
influence the business.
 It includes numerous factors such
as competitors, social and
economic needs, technological
improvements etc.

PROFESSIONAL GOALS
 Improving work
performance.
 Expanding Professional
Knowledge& Training.
 Strengthening Professional
relations.
 High job roles and increase
in earnings.

LEARNING'S &
PROFESSIONAL
DEVELOPMENT
Present
 It provide proper
learning which helps
in attaining the
goals and
objectives.
 It helps in dealing
with the difficulties
which may create
performance
hindrances.
Future
 The professional
development is
related with the
experience one has
gain in his time of
working.
 It is considered as
the process of
continuous
improvement and
increasing the
capabilities.

LEARNING'S EXPERIENCES
 I have learnt from my experiences
which help me in encouraging social
learning's and practices.
I want to be more professional for
better future job roles.
Focusing on learning new things and
gaining experiences.

PROFESSIONAL
DEVELOPMENT OTHER
THAN STUDIES
 It helps in developing sophistication
and the manner to deal in
business meetings and
Conferences.
 The time management will help
to fulfil my job responsibilities
 It helps in maintain effective
social relations and collaborations
for business which will be effective for
business.

CONCLUSION
 It provides the information related
to the importance of business.
 This presentation summarizes
about the development of a
professional and their goals.
 It also concludes about the
business environment.

REFERENCES
 Tokuoka, K., & International Monetary Fund. Asia and Pacific
Department. (2012). Does the business environment affect
corporate investment in India?(Imf working paper, wp/12/70).
Washington, D.C.: International Monetary Fund. (2012).
Retrieved August 12, 2019, from INSERT-MISSING-DATABASE-
NAME.
 Valentine, S. (Ed.). (2014). Organizational ethics and
stakeholder well-being in the business environment(Ethics in
practice). Charlotte, North Carolina: Information Age
Publishing. (2014). Retrieved August 12, 2019, from INSERT-
MISSING-DATABASE-NAME.
 Whitfield, R., & McNett, J. (2014). A primer on sustainability :
In the business environment(First ed., Environmental and
social sustainability for business advantage collection) [First
edition.]. New York, New York (222 East 46th Street, New York,
NY 10017): Business Expert Press. (2014). Retrieved August
12, 2019, from INSERT-MISSING-DATABASE-NAME.