ipl-logo

Positive Impacts Of Environmental Factors On Business

1636 Words7 Pages

Business environment has factors that affect it either in positive or negative impacts, external or internal impacts. What are the positive impacts of environmental factors on business? Thompson J. and Media D. (2014) states, ‘Internal business environment includes factors within your organization that impact the approach and success of your operations’. It means that the internal environment of a business has many factors that affect or impact the success and the tactics of the organization. There arefive positive impacts of environmental factors on business. They are competition, technology, unique mindset,socio-economic, legal or ethical and political and economy.

The first positive impact of environmental factors on business is competition. Competition is one of the most serious impacts that helps the companies to offer good prices and good quality of the products. So the companies can benefit from their competitors. According to Clack A. (2012),’ when developing business philosophies and products, it is helpful to use your strength in quality production, customer service or operational efficiency to build competitive advantages that benefits your customers’. The companies have to know and understand their competitors, whether in small or large industries. Competition between companies make them compete to offer better products and services to the customers.

The second positive impact of environmental factors on business is technology. ‘It can impact a supervisor’s or

Show More
Related

  • Industrial Revolution Dbq Essay

    235 Words  | 1 Pages

    One of the causes were unsafe work habits like it shows in Document

    Read More

  • Disadvantages Of Enviropig

    1337 Words  | 6 Pages

    Introduction: Genetically modified organisms can be defined as organisms in which the DNA has been changed in a way that does not occur naturally by any reproduction procedure. The enviropig is just one of many organisms that they did experiments on to modify it to have specific (needed) outcomes. The reason for genetic modification is to be able to change a product or organism so that it deliver desirable traits. The enviropig was created to solve the problem of pigs not being able to absorb enough phosphorous from their diet, which then in its turn contributes to the larger factor of pollution.

    Read More

  • Political Factors Affecting Adidas

    1394 Words  | 6 Pages

    Part A Macro environment is important factor affecting the development of enterprises. A macro environment is the condition that exists in the economy as a whole, rather than in a specific sector or region.(Macro Environment n.d.) Cultures, politics, technology, nature, economy and demographic are the six major forces in the company 's macro-environment.(Kotler & Armstrong 2014, p96） Political factors Political factors include government regulations and legal issues and define both formal and informal rules.(PEST Analysis n.d.) All the companies have to follow these rules.

    Read More

  • Internal And External Influence Amazon

    1249 Words  | 5 Pages

    In the ever changing business environment, there are both internal and external influences which affect the operations and management of a business. It is up to the business on how they deal with the effects of each influence and this will ultimately determine the success of the company. The internal influences are factors which the business has direct control over, one of these being the location. The location refers to the geographical situation of the business and has a high level of impact over how the business will function. It can become a make or break factor, depending on how well the business utilises and addresses the visibility, cost and their proximity to suppliers, customers and to support services.

    Read More

  • Wal-Mart: Social Sustainability And Social Responsibility

    1475 Words  | 6 Pages

    SOCIAL RESPONSIBILITY As we defined above that social responsibility is to protect and enhance well-being of living things. Every organization is socially responsible to protect the environment and they can do there much which is legally required for the organizations. The very first social responsibility of every business is that to earn enough profit to meet his expenses. If the firm cannot earn profit no social need and social responsibility can be met by the firm the firm fails.

    Read More

  • The External Environment In The Airline Industry

    1563 Words  | 7 Pages

    External Environment Industry Analysis The goal of the industry analysis is to recognize the external environmental factors which have potential impact on the industry. The first part gives an idea about the airline industry profile. Airline industry, in the last decade, has been growing strongly at 7% per year for both through tourism and businesses divisions and is one of the most competitive, globally, contributing to economic growth, trade, investment and tourism.

    Read More

  • Environmental Impact Statement

    1064 Words  | 5 Pages

    What is an environmental impact report or statement? When we think of engineering we usually think of the construction of buildings or roads or even the manufacture of products. We rarely consider what effects these processes have on the surrounding environment or the global impact. In this section of the report I will discuss why an Environmental Impact Statement and Environment Impact Assessment are used in Civil engineering.

    Read More

  • Nike Economic Factors Analysis

    787 Words  | 4 Pages

    The Economic factors are determinants of an economy’s performance that directly impacts a company. These factors include inflation rates, interest rates, exchange rates and economic growth. These affect how businesses operate and make decisions. The economic climate in the country is of major concern to every company as it has impacts on the business and consumer spending. For example, the exchange rates can affect the costs of the supply and price of imported goods and exporting goods in an economy.

    Read More

  • Macroeconomic Factors Affecting Apple Company

    2241 Words  | 9 Pages

    MACRO ENVIORNMENT: Macro environmental factors are those irrepressible external factors that affect the company’s decision making process. These factors include demographic, socio-cultural, economic, political-legal and also the natural factors. Demographic factors – Demographic factors include age, sex, religion, location, thickness, occupation etc. Apple Company has 217 stores in United Stated and about 273 stores worldwide.

    Read More

  • Impact Of External Business Environment On Automobile Industry

    1406 Words  | 6 Pages

    SUMMARY In this report, I am explaining how the impact of External Business Environment on Automobile industry in UAE. Also, how the external environment factors are dominant on the growth of an industry including dimensions of management, human resource, marketing and IT tools used in the Industry. INTRODUCTION

    Read More

  • Value Chain Analysis Of IBM

    1674 Words  | 7 Pages

    Environmental factors: Both consumers and governments penalize firms for having adverse effect on the environment. Few common environmental factors are waste disposal laws, environmental protection laws and popular attitude towards the environment. In environmental dimension, IBM made some of the major technologies like to trace the weather throughout the world, IBM made computers for NASA for astrology that made them to set the satellite, which monitor the environmental changes over the globe. IBM also added some of the revolutionary environment friendly strategies that not just provides environment saving factors, but also cost saving factors like

    Read More

  • Macro Environmental Factors

    774 Words  | 4 Pages

    What macro environmental factors have affected Target’s performance during that period? Economic factor was the macro economical factor that affected Target’s performance during that period. The economic condition over the last few years since 2008 was tough as the economy was in recession and inflation was on rise. With rise in Unemployment, people started to have a sense of monetary responsibility. This led Target to formulate its “Pay Less” strategy and stress aggressively on it.

    Read More

  • 1.3 Explain How To Use Resources Effectively And Efficiently

    463 Words  | 2 Pages

    1.3 explain how to use resources effectively and efficiently Without effective resources an organisation wouldn’t be able to do the job effectively for example, in my organisation we need to have care assistance to care for every individual which in turn need to be trained to do the job correctly, if we didn’t have a resource in place to cover the training needs we wouldn’t be able to function and care for our service users, this also means we need to have a budget of what we can spend on training, staff are also an important resource as we need to make sure we have enough employees to cover each shifts. There are many ways to use resources efficiently and to minimise and adverse impact on the environment. These include how we organise work activities and the use of resources efficiently understanding their impact on the environment, and finding ways to reduce their negative, and increase their positive impact. For example, by being mindful of waste and extravagance by recycling waste materials, by reusing packaging materials, by using double-sided printing

    Read More

  • Advantages And Disadvantages Of Environmental Impact Assessment

    1120 Words  | 5 Pages

    One of the foundations of sustainable development is efficient environmental management (UNEP 2002). However, balancing the needs of current generations without compromising the environment for future generations poses to be quite problematic. A number of environmental decision-making instruments have been developed in an attempt to ensure that development is sustainable. One of the most popular of these is environmental impact assessment (EIA). This essay will be based on the strengths and limitations of an Environmental Impact Assessment.

    Read More

  • Reflection On Globalization

    731 Words  | 3 Pages

    The aim of this assessment is to reflect on what I have learned this semester regarding the module of Business in Global Context; from the lectures with the professor, the case studies done in class and the three previous patchworks that we worked on. We have learned that there are different internal and external components that affect the business environment, from corporate social responsibility to cultural and institutional framework; organizations must take into consideration all the factors related to the different parts of its environment. For the topic discussion, I will be discussing globalization and how it has affected the global business environment along with the key aspects and the different point of views regarding it.

    Read More

More about Positive Impacts Of Environmental Factors On Business

Open Document