The Business Approaches To The Nature Of Business Environment

According to ASC 805-10-55-4 a business consists of inputs and processes applied to those inputs that have the ability to create outputs. Although businesses

1. Complete the table below with a description of the products and services for at least two commercial organisations, public organisations and third sector organisations.

Lawrence, Anne (2010). Business and Society: Stakeholders, Ethics, Public Policy. 13th Edition. McGraw-Hill Learning Solutions, 2010. VitalBook file. Bookshelf.

The background, mission, financial reporting standards, service targets, unique standing of the organization is discussed below. The financial statements and audited

1. Complete the table below with a description of the products and services for at least two commercial organisations, public organisations and third sector organisations.

Many believe that business entities should have an ethical duty to be socially responsible, to work towards increasing its positive effects on society while decreasing its negative effects. Many organizations look for opportunities to be socially responsible while also creating shareholder wealth.

We will use our best resources in order to research and present valuable information to our client. Current-day statistics, sites, and articles from trusted sources will be utilized to reach the goal of obtaining the needed information.

What is the business model? What industry are they in? How big are they (numbers of employees, number of locations, sales, market share, industry rankings, number and size of direct competitors)? How long have they been in business: is this a “traditional” or “new” organization? Are they publicly traded or privately owned? Who owns them? Describe the vision and mission statements, and organizational goals. Do these define the business? Are they appropriate, inappropriate? In the appendix, include information like recent financial results, ownership structures, board of directors’ names and backgrounds, market share information, etc.

Every business has a social responsibility toward society. That means to maximize positive affects and minimize negative affects on the society. Social responsibilities includes economic-to produce goods and services, that society needs at the price, that satisfy both-business and consumers, legal

3.Business to External Environment. Because businesses exist within a community from which they take resources, businesses have ethical responsibilities to the community. This obligation to protect and enhance the society is called Social Responsibility. This also includes responsibilities to the customers from which they earn profits. The main areas of Social Responsibility are:

In continuation, Duncan’s framework for assessing environmental uncertainty, which examines the environment from environmental change and complexity perspective, will be used to further analyze the type of external environment and thus methods to overcome and adapt to it. All resources from external environment will be adopted to Fayol’s 4 management functions starting from planning, organizing, leading and controlling. The aftermath of this adoption would result in completing best performance for the organization and thus compete effectively. The model is shown at the figure below:

The sources of information from which the author has obtained required data and descriptions of methods used to collect the information

It is a way for individuals to provide goods and services to consumers, and at the same time, produce a profit for themselves. Businesses are not only important because they provide goods and services for consumers, but they also improve the economy and increase jobs for people within society which is an additional fact producing a higher standard of living. To measure our societies standard of

In today's world, no business operates in isolation without interacting with the environment where it operates. Irrespective of the nature of business whether public or private organization; manufacturing; service industry; local or international firm, its operations are inhibited by the environment in which it operates.

Business is loosely defined as buying and selling. However business is both an economic and social activity which is done to acquire wealth and serve the society through the provision of goods and services which the society needs.