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There are a number of social factors that affect business in any environment. Some of the common factors include age, education level, income and culture among others.
the key word are ; P.E.S.T.L.E [Politics , economics ,social ,technology ,legal and environment ]
=> Trade Unions => Economic factors => Social factors => Psychological factors => Public policy & legislations => Business Cycle =>Political environment =>Technological fators
In the PESTLE analysis framework, "social" refers to the sociocultural factors that influence an organization's environment. This includes demographics, cultural trends, lifestyle changes, consumer behaviors, and social values. Understanding these elements helps businesses adapt their strategies to meet the needs and preferences of their target audience, ultimately affecting their market success. Social factors can also impact employee relations and organizational culture.
Social factors affecting curriculum include cultural norms, societal values, student diversity, and community needs. These factors can influence what is included in the curriculum, how it is taught, and the relevance of the content to students' lives. Educators must consider these social factors to ensure that the curriculum is inclusive, engaging, and meaningful to all students.
The two interacting environments that influence an organization's operation are the internal environment and the external environment. The internal environment includes factors such as organizational culture, structure, resources, and employee dynamics, while the external environment encompasses economic, social, political, technological, and competitive factors. Together, these environments shape decision-making, strategic direction, and overall organizational performance. Understanding their interplay is crucial for effective management and adaptation.
technological factors,economic factors and social cultural factor
Factors affecting social mobility include education level, socioeconomic background, access to opportunities, discrimination, and personal choices and abilities. Higher levels of education, access to resources, and a supportive environment can increase upward social mobility, while barriers such as discrimination, economic inequality, and limited opportunities can impede it.
General environment is the types of External environment that affect the performance of Business organization indirectly, it comprise the following factors: 1.Political factors 2. Economic factors 3. social cultural factors 4. Technological factors 5.Demographic factors Task environment is the types of External environment that affect the performance of Business organization directly, it comprise the following factors: 1.Customers 2.Suppliers 3.shareholders 4.Environmentalist 5.Government agencies 6.Competitors 7.Media etc.
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The general environment of an organization includes factors such as economic conditions, technological advancements, political and legal regulations, sociocultural trends, and demographic changes. These external influences can impact the organization's operations, strategies, and overall performance. Understanding and adapting to changes in the general environment is crucial for the long-term success and sustainability of the organization.
monetary problems social supprt