Business influence refers to the ability of a firm or organization to influence decisions, actions, and outcomes in its environment. This effect can manifest itself in several ways:
Market Influence: The ability of a company to influence market trends, consumer behavior, and the competitive landscape. This could be through innovation, pricing strategies, or brand reputation.
Legislative Influence: The ability of a business to apply policies and legislation. This may include lobbying efforts, contributions to political campaigns, or joining legislative business groups.
Social Impact: How a business influences society’s norms, values, and behaviors. This could be corporate social responsibility (CSR) initiatives, sustainability efforts, or influence through advertising and media.
Economic Impact: The impact of a company on the economy, including job creation, economic growth, and its role in the supply chain. Large projects can affect economic conditions locally, nationally, or even globally.
Cultural Influence: The ability of a business to shape culture, whether through its products, services, or company characteristics. Technology companies, for example, have had a profound impact on today’s communication and work culture.
Internal Impact: The impact a business has on its employees, shareholders, and stakeholders. This includes leadership styles, corporate governance, and decision-making processes that shape company dynamics.
Specifically, performance impact relates to the ability and extent to which a firm can shape its environment, both internally and externally.
how exchange-rate movements influence business decisions
Trade unions influence a business by trying to get businesses to buy certain products. Trade unions also try to influence the amount a person is paid.
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Socio-economic issues influence business operations in the sense that they direct what direction businesses take in their marketing efforts and operations.
they influence a business by that they give them ideas to get more people to go to them
its influence by love
how exchange-rate movements influence business decisions
It spread American influence through business.
Over using it
Wilson's administration simply counteracted big business influence - bs!
Trade unions influence a business by trying to get businesses to buy certain products. Trade unions also try to influence the amount a person is paid.
In these interviews use your business skills to influence the interviewer.
identitfy and discuss factors that influence the location of your business?
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Five factors that can influence the choice of for of business ownership?