COMPONENTS:
COMPONENTS CONCEPTUAL KNOWLEDGE [FUNCTIONAL KNOWLEDGE] GENERAL AWARENESS [BUSINESS KNOWLEDGE]
EFFECTIVE COMMUNICATION SKILLS
AIM:
AIM IT IS NOT THE STRONGEST SPECIES THAT SERVIVE, NOR THE MOST INTELLIGENT, BUT ONE MOST RESPONSIVE TO CHANGE.
What is business environment??:
What is business environment?? The external things (out of organization) that affect a company
BASIC GOAL OF ENVIRONMENT ANALYSIS:
BASIC GOAL OF ENVIRONMENT ANALYSIS Awareness of current and potential changes; Input for strategic decision making; and Facilitation and fostering the strategic thinking in an organization to promote a rich source of idea and understanding of context within which a firm runs. Challenging the current wisdom by bringing fresh view-point into the organization.
NEED TO STUDY:
NEED TO STUDY Development of broad strategies to frame long term policies of the firm; Development of action plan to deal with technological advancements; Development of foresight of impact of socio-economic changes at the national and international levels on the firm stability. Understanding competitors’ strategies in order To formulate effective counter measure.
CHARACTERISTICS OF ENVIROMENT:
CHARACTERISTICS OF ENVIROMENT Complex; Dynamic, constantly changing; Multi faced; and Far reaching impact.
What are the variables/ factors that affect environment?:
What are the variables/ factors that affect environment?
VARABLES/FACTORS:
VARABLES/FACTORS Political; Economic; Social; Technological; Legal; and