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environment
Lecture 01
Business
environment
Lecture 01
Unit abstract
Organizations have a variety of purposes
that depend on why they were established.
Some operate for profit, whilst others do
not. Organizations structure themselves
and operate in ways that allow their
objectives to be met. Every organization
has a range of stakeholders whose
interests need to be satisfied, but
stakeholders have competing interests that
may be hard to reconcile.
Unit abstract
Businesses operate in an environment
shaped by the government, competitors,
consumers, suppliers, and international
factors. Learners will understand that some
influences on the business environment are
direct and clear, for example taxation policies
on corporate activities. Other influences are
less clear, perhaps coming from the
international arena and sometimes with
only an slanting impact on the national
business environment.
Unit abstract
It is within this business environment that
organizations function and have to determine
strategies and a modus operandi(a particular way or
method of doing something.) that allow them to
meet their organizational purposes in ways that
comply with the relevant legal and regulatory
frameworks. In addition, business markets take
various forms and the structure of a market enables
an understanding of how organizations behave. In
this unit learners will consider how different market
structures shape the pricing and output decisions of
businesses, as well as other aspects of their
behaviour.
What is organization
An organization is a social arrangement
which pursues collective goals, which
controls its own performance and which
has a boundary separating it from its
environment.
CATEGORIES OF ORGANISATION
CATEGORIES OF ORGANISATION
GOVERNMENT
VOLUNTARY ORGANISATION
CO-OPERATIVE
CO-OPERATIVE
CO-OPERATIVE
CHARITABLE
SECONDARY SECTOR:
The secondary sector of the economy is comprised
of the manufacturing industries. The manufacturing
industries take raw materials and produce products.
For example, the steel can be used to manufacture
cars. Carpenters take wood and make homes,
furniture. Not all manufacturing companies
manufacture a complete product. Semimanufacturing companies produce parts to be used
in other products that have several stages of
production, such as automobiles.
TERTIARY SECTOR
The tertiary sector involves the supplying of
services to consumers and businesses. This
sector
provides services to the general population and
business, including retail, sales, transportation
and restaurants. The types of workers in this
sector include restaurant bartenders,
accountants and pilots..