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External Constraints That Influence A Business

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Executive Summary
Business environment is the sum total of all external and internal factors that influence a business. You should keep in mind that external factors and internal factors can influence each other and work together to affect a business. For example, a health and safety regulation is an external factor that influences the internal environment of business operations. Additionally, some external factors are beyond your control. These factors are often called external constraints. The research unit provides learners with an understanding of different organizations, the influence of stakeholders and the relationship between businesses and the local, national and global environments.
Businesses operate in an environment shaped by …show more content…

This may not only consist of the value of the stock increasing over time, but it may also include getting periodical dividend payments based on profitability.
Organizational Objectives: These are specific commitment to complete a measurable result within a given time frame.
Objectives of different stakeholders:
 Owners: Owners are thought of as most important stakeholders because they set up the business and put a lot time in the company.
 Employees: They want for the company to provide them with livelihood. They want security of employment, good rate of reward and also important opportunities
 Suppliers: They want to feel valued by the company and requires orders with om- time payments.
 Customers: They basically want good service and value for their money. They demand good quality in exchange of money.
 Trade Unions: Group of employees who seek to secure higher wages and better working conditions for their members.
 Government: The Government wants businesses to become successful; this will create jobs and also they want these companies to be successful to pay …show more content…

Concepts from planning fiction and organization theory are used in order to conceptualize collective agency and the organizational structures. Cooperate social responsibility is an organization’s moral responsibility stakeholder groups that are affected directly or indirectly by the organization’s action. An organization can adopt a narrow or broad stance on social responsibility
Strategies
Operating strategies are usually very special given that the good plans are very clear and focused. Strategies are specific programs, initiatives, and decisions which will require resources allocated to them. Every effort should be made to keep the strategies up to date, without making major changes. Major change can also result in the termination of projects that are only partially completed and or have not become totally effective. It should be apparent that many strategies are generated by many different functions, supporting the business

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