The competitive dimension
A business organisation responds to changing business environment by strategic alliance,mergers,brand building,restructuring,modernisation,expansion in its vulnerabilty within the dimensions of the social,political,economic,technological,legal environment by SWOT analysis.(strength,weakness,opportunities ,threats) of all levels & components of the business environment.
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External environment refers to institution or forces that are outside the organisation and can potentially affect the prganisation's performance. The external environment of an oraganisation cosists of two majors :General environment and Task environment.There are 5 major dimensions of general environment :-International dimension-Technological dimension-Socio-cultural dimension-Economic dimension-Legal political dimensionThe task environment includes Customers, Competitors, Supplier and Labour market.Internal environment refers to managers work includes corporate culture, physical facilities, production technology , and organisation structure.Symbols, stories, slogan, heroes and ceremony is included in Internal environment as well
Environment is affected by business
the corporate cultural environment
the corporate cultural environment
The competitive dimension
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What are the practical and theoretical problems firms face due to the changing business environment with reguards to reward policies
It means that the business can react to situations and oppurtunities by changing how it operates to better fit the new environment.
A business organisation responds to changing business environment by strategic alliance,mergers,brand building,restructuring,modernisation,expansion in its vulnerabilty within the dimensions of the social,political,economic,technological,legal environment by SWOT analysis.(strength,weakness,opportunities ,threats) of all levels & components of the business environment.
Yes- if you are in the market economy based country.
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The environment is not changing petroleum.
The business environment faces many challenges. Technology is one challenge because it is rapidly changing and businesses need to stay up-to-date. Another challenge for the business environment is the direct impact of the overall economy like interest rates and international markets.
information presented to the management is estimated to have its dimension in terms of cost, business and technical issues involved. various dimension of information system(MIS) are- 1) economic dimension. (a) cost of information, (b) value of information, 2) business dimension. 3) technical dimension.