lcm-mba business environment analysis
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Business
Environment
Analysis
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DefinitionThe Environment of Businessconsist of all of those things towhich it may be influence
directly or indirectly Reinnecks&
Schoell
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Nature Factors vary from
Country to Country
Necessary for ProperBusiness Management
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Significance Internal Business Environment
Government Policies
Optimum Use of Resources
Market Study
Long-term Business Strategy
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Parts of
Environment
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Economic
InternationalDomestic
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Social
&
Cultural
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Political
&
Legal
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Natural
Atmosphere
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Environmenta
Scanning
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First Step of Environmental Analysis
Involves General Environmental Factors
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Environmental
Scanning
Process
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Monitoring
Assessment
ForecastingScanning
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Monitoring
TrackingEnvironmental
Trends
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Scanning
Frequently Following
Signals & Indicators
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Forecasting
Projecting Direction and Scopeof Environmental Change
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AssessmentIdentification and Evaluation
ofEnvironmental Changes
and
Effect on Business
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Capitalism
&
Socialism
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Capitalis
m
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Also Known as
Free Market Economy
Free Enterprise Economy
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Economic System in Which
most of the means ofproduction are privately
owned and production isguided and income distributed
largely through the operationof markets.
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Principals of CapitalismPeople are free To choose how they use their capital
resources
To do what they wish with their
property
Own Property Discover new solutions to old
problems and develop new products
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Characteristics
of
Free Enterprise
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Division of Labor
Individuals Undertaking Various tasks
Efficiency in Producing Goods
Specializations
Grater Creation of Wealth
Diversity of Product and Services
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Price ControllingFactor
Keep Up Demand
Order of Economic Exchange Rotation System for Factors of
Production
Fair Means of Allocation ofFactor
of Production
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RulesDirection Agreed By
the Whole System Prevent Illegal Transaction Validity of Business
Protects the Rights of
Transacting Parties
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Unplanned Order
Establishment of Society based on
Market Relationship
Result of Spontanous Human
Actions
Not Dependent on People
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Goods and ServicesGoods manufacturedarticles or products
ofart or craft Tangible
provide the basic wealth ofsociety
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Goods and ServicesServices Function of Serving for
ConsiderationsMay Use Goods
Signal of Wealth
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Goods and ServicesA motion picture, is a
product
Showing it on
projector, and atheater, is Service
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Variantsof
Capitalism
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Open Market economic decisions are made in
the marketplace.
right to own a business or to work buyers and sellers fixes the price
Competition between businesses
economic system combined with
high levels ofgovernment
regulation
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Mixed Economy
Free-enterprise System with
a Modified Socialism
Essential Industry Owned by
Govt.
Private Sector Heavily
Regulated and Taxed
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Advantages of Capitalism
Economic freedom is the most
basic of human liberties Greater opportunities for
advancement
Based on individual effort and
ability
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Critics of Capitalism
Lacks Security and
Stability
Failed to achieve a high
standard of living Inequalities of wealth
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Socialism
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System of social organization
in which property and the
distribution of income are
subject to social controlrather than individual
determination or marketforces.
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Principals' of Socialism
Nationalizations of
Means of Production Delegation of decision-
makingauthority
Workers' control
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Principals' of Socialism
Equal distribution of
National Income Levelling of status
differences Redistribution of Property
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Variantsof
Socialism
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Utopian Socialism(18th Century)
Henri de Saint-Simon
Charles Fourier
Robert Owen.
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Utopia No Place
Ideal Human SocietyIt is possible to create a
harmonious, cooperative humansociety in which everyone is an
owner of private propertythat is,the means of production of
wealth.
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Industrialism and Technology as
the means to a better worldMaximum use of the potential
of every member.
Unity And Cooperation
Self-Sufficiency
Principals of Utopian Socialism
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Imp
lementation-Hutterian Brethren. (Canada)
-Owens's New Harmony Inc(U.S.A)
-Biotechnic Research andDevelopment (Ireland)
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Christian Socialism(19th-century)
Frederick Denison Maurice
John Malcolm Ludlow
Charles Kingsley
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a new order that would
rest on the Christian
principles of equal rights
and democratic distribution
of economic power.- Walter Rauschenbusch
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Concern for the poor
Promoted partnership in productionand profit sharing in industry
Encouraged workers' and
consumers' cooperatives
Workers' education
Principals of Christian Socialism
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Imp
lementation-Europe 18th Century
-United States 19th
Century
Owens's New Harmony Ind.
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Democratic Socialism(19th century)
Karl MarxGeorge Bernard Shaw
BeatriceSidney Webb
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Gradual evolution of society from
capitalism to the worker state Education of the public and
peaceful political change.
Social Legislation
Gradually take over all production
ofgoods
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Revolutionary Socialism(20th century)
Adolf Hitler
Mao ZedongVladimir Ilich Ulyanov (Lenin)
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Use of Violence for Economic
Justice Equal distribution of land and
income. Organizations of workers
seizing the means of
production from the capitalists
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Criticisms of Socialism Economic calculation impossible
Economic Planning on the basis of
guesswork All prices for goods were simply
set by the government and frozen
there No proper allocation of resources
is ever possible
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