THE ENVIRONMENT OF BUSINESS

The Environment of Business



The Environment of Business

Introduction

Business environment encompasses all those factors that affect a company's operations, and includes customers, competitors, suppliers, stakeholders, regulations, industry trends, other government activities, social and economic factors and technological developments.

Macro environment

The company macro environment consists of forces that shape opportunities and pose a threat to the company. These forces include demographics, economics, and the natural, technological, and cultural policies (Butler, 2011).

Laws and regulations both protect and restrain organization

The state regulations governing economic activity in employment, competition, adopting a more or less restrictive in terms of credit, for many companies, this ...