Presentation Transcript
Ten Elements of the External Business Environment : Ten Elements of the External Business Environment
1. Government Regulation : 1. Government Regulation Traditional Industry Regulation - ICC, CAB, FCC
New Regulation - CPSC, OSHA, EEOC
Markets and Competition - Anti-Trust
2. Energy and the Physical Environment : 2. Energy and the Physical Environment EPA- Environmental Protection Agency
3. Labor and Human Resources : 3. Labor and Human Resources Labor Movement
Diverse Workforce
Immigration Policy
Public Sector Unions
4. Technology : 4. Technology Robotics and Plant Automation
Computers in the Office
Elimination of Jobs
5. Welfare and the Provision of Public Services : 5. Welfare and the Provision of Public Services Public Service Provision - Roads, Sewer, Water, etc..
Welfare - Welfare Reform
Social Security
6. Inflation, Unemployment and the National Output : 6. Inflation, Unemployment and the National Output Overall Economic Conditions
GDP, Unemployment Rate, CPI, i rates, Stock Market
Fiscal Policy
Monetary Policy
7. Regional and Local Issues : 7. Regional and Local Issues Politics and Public Policy
Growth and Development or Decline
New Industry
8. International Events : 8. International Events Globalization of Industry
International Trade
End of Communism
Wars, International Strife
9. The Political System : 9. The Political System Public Policy Affects All Elements of the External Environment of Business
Course of Public Policy is Crucial
Liberal, Conservative
Democrat, Republican, Independent
10. Social Responsibility and Ethics : 10. Social Responsibility and Ethics Concerns Business Response
Social Responsibility - What is it?
Ethics
Implications for Management : Implications for Management Planning
Organizing
Controlling
Staffing/Rewarding
Pullman Standard Corporation : Pullman Standard Corporation Largest Railcar Manufacturer in US
1980
Sales $800 Mill per Year
5,000 Employees
1982
Sales $0
25 Employees
How Could This Happen? : How Could This Happen? 1972 Russian Wheat Deal
Grain Backed Up at Gulf Ports
ICC - Allocated Hopper Cars to Small Shippers
Tax Shelters
Oil Price Increases
Result - Tremendous Increase in Demand for Railcars : Result - Tremendous Increase in Demand for Railcars Pullman Produced Railcars as Fast as it Could
1980’s Changes : 1980’s Changes Soviet Invasion of Afghanistan
Wheat Deal became Grain Embargo
1980’s Changes : 1980’s Changes ICC Removed Restrictions on Grain Hopper Cars
Staggers Rail Act of 1980
Tax Laws Changed
Economy - Recession
End to Increase in Oil Prices
Internal Factors
Result : Result Pullman Closed its Doors in Two Years
25 Employees
Zero Sales
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