The definition for global environment

Answer 1

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.

Answer 2

A global business environment refers to the ability to create a system that can handle multiple business subsidiaries across a multinational business. With a robust system, the business can remain connected to every employee, regardless of their location.

Answer 3

Business can be termed as an economic activiy of generating the income through buying and selling, manufacturing and rendering various services.The system of business is made up of all environemntal which requires the business to adopt new strategy.

In other words, a business environement can be defined as the climate or a set of conditions inlcuding social,economic, technological and political situations in which business activties are conducted.

A sucessful business management must be capable of adapting the changes to the environment.The envionmental knowledge comprises of:

1.Capitalizing emerging opportunities.

2. Image builing.

3. Basics of Strategy.

4. Intellectual stimulation.

5. Continous learning.

The business environment can be categorised into two ways: Internal business environment and External Business Environment.

An internal business environment is the combination of 5 M's i.e; man, material, money, machinery and management. Business can make changes in these fcators as per the requirement and the change in the functioning of enterprise.

External Environment comprises of such factors which are beyond the control of business enterprise. It includes Government and Legal Factors, Geo-Physical Factors,Political Factors, Socio-Cultural factors,Demographical Factors.

Thus, we can say that the business environment is the combination if internal and external factors that influences a company's operating situation.

Answer 4

The business environment refers to the combination of both the internal and external factors that influence a companyÃ?s operating situation. Both of these forces, external: clients, suppliers, competition and internal: technology, improvements, employees have great impact on the businessÃ?s situation.

Answer 5

what is the definition of business enviornment

Answer 6

global environment can be defined as the environment about our nature and the surroundings that influence worldwide scale.a global environment could be a desert or polar land .

Answer 7

business environment include customers compiteters goverment

Answer 8

business environment is the constraints and opportunities that surround our businesses