International Bulletin of Business Administration ISSN: 1451-243X Issue 12 (2011) © EuroJournals, Inc. 2011 http://www.eurojournals.com/IBBA.htm External and Internal Environments of Businesses in Nigeria: An Appraisal Obiwuru Timothy Chidi Department of Actuarial Science, University of Lagos, Nigeria E-mail: sirtimmyo@yahoo.com Oluwalaiye, Olusola Babatunde Department of Economics, Banking and Finance, Babcock University, Nigeria E-mail: falaiyeolusola@yahoo.com Okwu, Andy Titus Department of Economics, Banking and Finance, Babcock University, Nigeria E-mail: aokwu@yahoo.com Abstract This paper appraised business external and internal environments, with specific reference to the Nigerian business environment. The methodology adopted …show more content…
Political considerations are also of significant relevance as they have direct impact on the functioning and success of the business. Political and regulatory changes are usually manifestations of the social and economic conditions and issues. Equally of primary concern to the businesses, their customers and stakeholders are economic considerations which often focus on the direct effects of the exchange of goods and services, the flow of money and the relationships between the participants. Customers are either satisfied, dissatisfied or have a neutral opinion (KPN Report, 2007). Economic considerations also cover indirect implications of economic activities such as hidden costs of transactions and the externalities borne by the society. In this regard, the most crucial economic questions often pertain to environmental-related impacts. Usually, they are some of the multifaceted negative and unintended outcomes of products, processes and operations. The foregoing implies that the environment of a business is the pattern of all the external and internal conditions and influences that affect its life, growth and development. Consequently, since growth
Centre Parcs are one of the UKs leading family, self-catering holiday destinations. This report aims to analyse the company using one of the key tools available to guide strategic decision making – A PESTLE Analysis. A good way for companies to establish where they are leading or failing in the competitive market is to perform a PESTLE Analysis’ on themselves. It allows companies to asses a whole list of different factor’s that
The environmental scan of the industry is based on the internal and external sections of the environment. The internal is what a business has influence over and controls that section of the environment. The external part is the opposite of the internal. The business does not have the influence over the section of that environment, nor does it have the ability to control it. “The surveying of a variety of indicators in order to gauge the overall business, economic, social, political, or financial conditions that could affect a project’s development”, Moschetti, T, 2015. This part of the outline I will go over issues that can affect the movement within the industry and at the same time decide the fate of any business.
Thank you for your letter and alerting us to the problem you have been having with our brand in advertising part. I am so sorry the advertisement of Tiger Woods engaged your concerns with our brand. I certainly understand your concerns at one of our celebrity branding Tiger woods with the tagline: “Winning solves Everything.” I knew that his public scandal caused by his unethical behavior in his personal life might made many people disappointed about him. In the following, I will explain my actions for your concerns.
This assignment is about the factors that influences the business environment in different ways. This is about environmental analysis which is dynamic process that comprises scanning, monitoring, disseminating and forecasting. There are different factors which influences the business in 21st century. Somehow these factors have impact on the business in favour of the business and sometimes have an adverse impact in the business.
Peter B. Southard, Soongoo Hong, Keng Siau Department of Management College of Business Administration University of Nebraska-Lincoln Lincoln, NE 68588-0491 USA
Copyright © 2009 Harvard Business School Publishing. No part of this publication may be reproduced, stored in a retrieval system, used in a
Required Resources Boone, L. E. & Kurtz, D. L. (2012 Update). Contemporary business (14th ed.). Hoboken, NJ: John Wiley & Sons. WileyPLUS access code. Note: Students are emailed a
Bachelor Degree Project in Business Administration 15 ECTS Spring term 2007 Authors: Damien BADIER and Carole ROUSSET Supervisor: Desalegn ABRAHA Examiner: Marianne KULLENWALL
2009, Icfai Center for Management Research. All rights reserved. No part of this publication may be
International Bulletin of Business Administration ISSN: 1451-243X Issue 6 (2009) © EuroJournals, Inc. 2009 http://www.eurojournals.com
By: Toni Hilton, PhD Westminster Business School, UK and Warwick Jones, PhD University of the West of England, UK
Description: India has experienced a steady GDP growth rate of 8% during the last five years. The subcontinent’s economy is expected to continue its growth momentum over the next five years. Strong domestic demand and a burgeoning middle class are expected to continue driving the Indian economy to new heights during the forecast period of 2012-2017. Lucintel, a leading global management consulting and market research firm, performed a Political, Economical, Sociological, Technological, Legal, and Environmental (PESTLE) analysis of India, and presents its findings in “PESTLE Analysis of India 2012.” India is the second-most
The economic and social factors play a crucial role in determining monetary climate that the business operates in and the nature of consumption habits that prevail within that particular area concerning lifestyles. These social aspects help a business organization to evaluate potential changes brought about by their products in the market. Evans and Richardson (2007), insist that an enterprise must factor in technological solutions that it can introduce within the market it seeks to establish itself and research initiatives it can introduce to help improve its operations. The environmental factors should be assessed to establish potential impacts of the activities carried out by the organization in the environment. It is important for any enterprise to be familiar to all
A DISSERTATION SUBMITTED TO THE DEPARTMENT OF BUSINESS STUDIES, CHRISTIAN SERVICE UNIVERSITY COLLEGE IN PARTIAL FULFILMENT OF THE REQUIREMENTS FOR THE AWARD OF THE DEGREE OF BACHELOR OF BUSINESS ADMINISTRATION.
A dissertation submitted in partial fulfilment of the requirements of the University of Chester for the degree of Masters of Business Administration