Discuss the the five elements of the business environment and how they impact the business you have chosen.|Business Finance – Management
Provide a 100+ word response for each of the following question – Include references where appropriate.
1 There are five elements discussed in this presentation. What are your initial thoughts to share about 1 or more of the five elements? To recap, here is a list of the five elements:
a. Economic and Legal Environment
b. Technological Environment
c. Competitive Environment
d. Social Environment
e. Global Business Environment
2 How outsourcing outside of the United States affects the American consumer. How smaller, local nonprofit organizations contribute to the community’s quality of life
3 Why human resource management is important to organizational goals of business.
4 How can being involved with volunteering through a nonprofit improve an applicant’s marketability?
5 Why is brand important to an organization’s business strategy?
6 What goes into the development of a new product, and how does that fit into a business’ strategy?
