This section is concerned with understanding of the purpose and reputation of business activity and the factors that influence and constrain business conduct and ratiocinations. It provides the basic framework around which the other sections of the syllabus ar developed. It also provides a means for integrating business activities, which should incessantly be seen as a whole rather than as individual parts. Central to the understanding of Business and its environment is the fancy that the world in which business operates is constantly changing and this requires businesses, if they argon to be successful, to adapt and respond to these changes.
The development of mission and objectives involves abridgment and appraisal of environment. The results of internal and external appraisals will help managers visit what goals and mission they drop or should adopt, and the strategic options that atomic number 18 available.
Therefore, in formulating a strategy, the effective general manager makes strategic choices which are consistent with environmental factors. The biases or preferences for action shape the decision makers view of the situation.
In spite of these decision-making biases, there are many(prenominal) common elements in the environment that decision makers analyze in their strategic decision making processes.
Moreover, there are some common relationships between the strategic choices and the environment.
This chapter attempts to show how all organizations move with and are affected by the environment in which they function.
Organizations do not exist in a vacuum. Many factors figure into the forming of a companys strategy. Each exists within a complex communicate of environmental forces.
These forces, conditions, situations, events, and relationships over which the organization has little control are referred to collectively as the organizations environment.
In general terms, environment can be broken down into three areas:
1. the macroenvironment, or...If you want to modernize a full essay, order it on our website: Orderessay
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