The ICFAI center for management research state that the global business environment can be defined as the environment in different sovereign countries, with factors exogenous to the home environment of the organization, influencing decision making on resource use and capabilities. This includes the social, political, economic, regulatory, tax, cultural, legal, and technological environments.
The political environment in a country influences the legislations and government rules and regulations under which a foreign firm operates. The economic environment relates to all the factors that contribute to a country's attractiveness for foreign businesses.
Every country in the world follows its own system of law. A foreign company operating in that particular country has to abide with its system of law as long as it is operating in that country. The technological environment comprises factors related to the materials and machines used in manufacturing goods and services. Receptivity of organizations to new technology and adoption of new technology by consumers influence decisions made in an organization.
As firms have no control over the external environment, their success depends upon how well they adapt to the external environment. A firm's ability to design and adjust its internal variables to take advantage of opportunities offered by the external environment, and its ability to control threats posed by the same environment, determine its success.
First of all, please spell it correctly. ' Global environment'.
The global capacity to think rationally, act purposefully, and deal effectively with the environment. Source:Visualizing Psychology Second Edition
global scanning
to be aware of the global issues and dificulties.
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definitions of diplomacy
Global System Mobile :-)
The definition of global technology is a way of producing and diversifying analysis or experiments around the world. Technology has changed the global economic structure and technology has played a huge part in that.
A global organization
pelagic environment is the worst environment in the ocean
Global Positioning System