...both markets. However, in terms of the quickly growing and ever expanding mobile market Microsoft has done very little to win over handset makers and create an environment in which individuals are writing apps for their platform. In this case Apple has become the predominant leader and the standard methods of competing are not producing the results needed to remain competitive in the long-term market. For this reason I would recommend that Microsoft make a significant departure and start writing apps for the Apple IOS platform. While it may seem counterintuitive to develop apps that will run on other hardware Microsoft is currently faced with the issue of taking a beating in terms of the app market. Creating apps that run on iOS will allow Apple users to see the Microsoft products that are available and hopefully create additional revenue such that they can fund and create new opportunities in their own potential app store for Windows based phones. This is basically the last significant chance Microsoft has in order to salvage the potential for the mobile OS and app market. The opportunity is a single as it hopefully prevents the downfall of their mobile market altogether. There is a risk that it won't sway consumers but that isn't an option at this point. Exxon Even though Exxon has made a commitment to the environment after the Exxon Valdez spill in Prince William Sound in Alaska they have somewhat abandoned many of...
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...Unit 5 Elements in Business Jean Juisto AIU Online Abstract The basic concepts of management and some problems faced in operating a business enterprise. Here are basic concepts in management and some factors that must be addressed whenever problems arise. Basic legal environment include relevant laws and regulations that relate to a business. These laws are governed by state, country, and international authorities. A few basic legal principles to everyday business issues include the minimum wage, and child labor laws. Equal opportunity is a big issue along with overtime. Social environment refers to the cultural environment developed by mankind. Social environments are the immediate physical and social settings in which we live and work. Issues involving social environments are living and working conditions, income levels and educational backgrounds. Economic environment is how the environment can impact the economy. External factors that could affect the economic environment include inflation, interest rates and unemployment. Inflation had a negative effect on the economic environment due to consumer spending. Global warming and ozone layer also affect the economic environment. The management structure for my small business is quite easy to explain. I am the owner of this business; there are no other employees so I am the boss. I make all decisions with...
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...organization come the categories of basic level environment, social environment and economic environment. In this report one will describe the categories, along with management structure and issues that one may encounter when dealing with operational as well as financial situations. Being that technology is an always changing implement, one will identify the impact of potential change factors in the role technology plays along with any other factors that may have an impact. There are three aspects that build up an organization, basic legal environment, social environment and economic environment. Country, state and international laws are what govern the basic legal environment of an organization. This is where prohibited items of production and sales can be found. Also included are employee protection laws that protect individuals from being discriminated based on race, sex, religion or age. Financial laws and included laws that deal with taxes and ethics of a business all fall under the basic legal environment. Consumers are also protected, ensuring satisfaction by making sure items are weighing in at the price they are being sold at or making sure that product descriptions are not misleading. Social environment of an organization is where all that impacts a business is covered. Since society is where businesses operate, factors such as family, education, religion etc. impacts the way a business is conducted. Economic environment within a business organization...
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...Basic concepts of management Olugbemiga T. Williams AIU University The basic legal environment of business is governed by state, country and international laws. This includes laws on what can or cannot be formed or sold, consumer and employee protection laws, tax and other financial laws, as well as many rules and protocols with respects to business ethics, when and how to seek legal assistance in case of differences. The production or sale of a certain goods is illegal or at least strictly regulated in many countries. This includes, among others, selling of dangerous drugs, guns and explosives. Employee protection protects laws against unfair perception based on race, color, religion, sex, or age; laws against partial removal and sexual or other harassment; health and safety laws and laws regulating minimum wages. The social environment consists of the sum total of a society's beliefs, customs, practices and behaviors. It is to a large extent, a fake construct that can be compared with the natural environment in which we live. Every society has ideas about their own social environment. Some of the customs, beliefs, practices and behaviors are similar across cultures, and some are not. For example, an American traveling to Britain will find many familiar practices but not so much if traveling to China. This is a social environment created by a society at large in which a business functions can be bring up to as its external social environment. If a business runs in a multicultural...
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...TYPES OF ENVIRONMENTS In the business world there are many resources that all organizations provide and receive from other organizations. To keep up with the technology they consume and sell the community and all over the world. The basic legal environment can be tough to follow by the regulations of the book. The social environment can be a hassle to provide the best and cheap products. The economic environment needs to provide better and interesting products to the environment. Let’s talk about the legal, social, and economic environments about management structure, operational issues, financial issues, and the impact of potential change factors including the role of technology. The basic legal environment in an organization has to reflect on the management structure. To make sure that the manager is following by the legal rights towards the customers, and make sure that the employees are making sure that customers are always right to keep the customers coming back for different products. The manager has to be able to read each employee and be able to train new employees in a professional manner; so that the operation is going smoothly and correctly. The organization has to meet the requirements to establish financial help, but if the goods are selling and the profit is good then they shouldn’t need any financial help. As the technology changes; the organization has to keep up with the changes. If the company can’t make immediate change on the technology...
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...the economic environment on business How economic environment affects different businesses Content The economic environment consists of External factors in a business' market and the broader economy that can influence a business. You can divide the economic environment into: • The microeconomic environment - which affects business decision making - such as individual actions of firms and consumers(Market size, Demand, Supply, Competitors, Suppliers and Distribution chain, such as retailer stores) • The macroeconomic environment - which affects an entire economy and all of its participants. Many economic factors act as external constraints on your business, which means that you have little, if any, control over them (Interest rates, Taxes, Inflation, Currency exchange rates, Consumer discretionary income, Savings rates, Consumer confidence levels, Unemployment rate, Recession and Depression) • Describe at least two economic environment micro or macro. • Comparison of two contrasting economic environment - challenges business face • Describe how political factors impact on business activities during an economic environment(recession) i.e. recruitment of staff • social factors impact on business activities i.e. ethics( the business social responsibility policy) and suppliers and distribution chain • and legal factors impact on business activities i.e. employment law during recruitment of staff • Compare and contrast the political and social environment in two...
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...Environment of Business Tamie Martz American Intercontinental University Abstract Creating a business can be an adventure, but it can also be a challenge. When you think of how you would fund your business. And what kind of structure management you would have. Operational issues and planning you will work with. Technology so many different types of software Company’s use. Technology is changing every day. And so many working environments to consider, like basic legal, social, and economic environments within a business. Environment of Business Basic legal environment this introduces the American legal system with particular emphasis on the relationship of laws with business. Which includes development of law, the judicial system, contract agency, Partnership Corporation, and government trade and labor regulations. All aspects of legal environment include business organization. Start with top management; they are production, and transportation, marketing, finance and accounting, and personal. Understand the law and key functions of the legal system. The legal environment, the legal environment of business law refers to a code of conducts that defines the behavioral boundaries for many business activities. (The Legal Environment of Business By Roger E. Meiners, Al H. Ringleb, Frances L. Edwards) A person of social environment includes they way people live. Their living and working conditions, income level and education background...
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...Intercontinental University Abstract In this paper the author will describe the organization. He will describe the basic legal, social and economic environments of the organization. The author will describe the management structure. Also, he will describe the operational and financial issues. Finally the author, will identify the impact of the potential change factors including the role of technology. Breaking down My Business I have chosen to write about my clothing boutique “Placar”. Placar is a boutique that sells unique business clothing. The store is designed to catch the eye of the fashionable business individuals. It is a smaller, unique New York and Company. The basic legal environment is a sole proprietorship business. There is one owner who accepts all profits and loss of the company. The business and owner’s personal tax return are one and the same. If the owner decides to sell there are no meetings held because the owner makes all of the business decisions. The owner is consider the business. It is a neighborhood business staying trendy is the most valuable method for the business to remain ahead of the game in the social environment. Staying aware of all the national, state, and city laws and policies of buying and selling merchandise is what it takes to avoid legal challenges. Knowing the competition’s rates and what sells well is an economic tool. The store operates hours are 12p to 8p, 5 days a week. There are 3 employees, 1 full-time, 1 part-time, and...
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... What is the basic legal environment? What is social environment? What are the operational and financial issues? What are the potential change factors? I will explain how the different business environments work and the impact they have on society. There are many stages a business must go through to ensure success and growth. Business operates within a frame work of laws and economic forces. The basic legal environment of business is governed by state, country and international laws. It includes laws on what can or cannot be produced or sold. Consumer and employee protection laws, taxes and other financial laws. As well as many other rules and regulations with regards to business ethics. It also covers the when and how to seek legal advice in case of disputes. They are numerous legal constraints on business and the requirements and duties for a company. There are different correspondences about the international legal environment, especially the laws that affect multinational companies. These laws vary between countries, but generally regulate accountancy practices, interest rates on loans and taxes. Businesses are expected to provide sufficient documentation of income and expenditures. They usually are looking for an acceptable return on investment. This is money gained from taking a business venture risk and the investment of time is important to business people. One aspects of business ecosystem is the social environment....
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...organization. It will also describe several items organization, basic legal environment, social and economic environment. This paper will explain the management structure, operational issues and financial issues. Last this paper will identify the impact of potential change factors including the role of technology. Tradeshows Tradeshows is an exhibition organized so that companies in a specific industry can showcase and demonstrate their latest products service, study activities of rivals and examine recent market trends and opportunities. I have been doing tradeshows since 1986. Basically we set-up and dismantle shows. I am in a union. The union I am with is Local 834. Basic Legal Environment In our capitalist societies, we work properly with the support by the government, which set some ground rules for all to follow. These are some laws and government agencies that affect U.S business they are as follow: Occupational Safety and Health Act (OSHA), Equal Employment Opportunity Commission (EEOC), Sherman Antitrust Act, Clayton Act, Contract Clause. Occupational Safety and Health Act require that business provide a safe working environment and implement methods and standards to prevent work- related injuries, illnesses and fatalities. In the tradeshow business, we have a safety meeting before we work. Social Environment In the social environment, there are factors that influences sociocultural environment. Some of the factors are demographic makeup, growing diversity...
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...MAN3025 Summer B 2016 Ch 1-4 Test Chapter 1—Managing and the Manager's Job 1. The News Corporation, Smile Train, Delta Airlines and Gucci are all examples of a. bureaucracies. b. corporations. c. organizations. d. managerial hierarchies. e. centralized units of operation. 2. Which of the following is an example of an organization? a. The Department of Education b. Princeton University track team c. Starbucks d. Swoopo, online auction site e. All of these choices 3. Amy, Frank, Puz, and Tiaro started a Bible study group. They are engaged in a. starting a corporation. b. starting an organization. c. creating a managerial hierarchy. d. creating a bureaucracy. e. creating an organizational matrix. 4. All of the following are physical resources EXCEPT a. raw materials. b. a robotic welder. c. labor used in production. d. an inventory of finished goods. e. an office building. 5. In the National Football League, the players are a(n) ____ resource. a. physical b. financial c. human d. information e. intellectual 6. Managers use all of the following types of resources to achieve organizational goals EXCEPT a. international. b. physical. c. human. d. financial. e. information. 7. In the National Football League, the stadiums are a(n) ____ resource. a. international b. physical c. human d. financial e. information 1 8. In the National Football League, the ticket revenue is a(n) ____ resource. a. international b. physical c. human d. financial ...
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...Brief | Title of Qualification:Edexcel BTEC Level 4 HNC in Business | Unit title: Unit 1 Business Environment | Unit code(s): Y/601/0546 | Learner:Nuraiym Azygalieva | Assessor:Dinara Bobusheva | Internal Verifier:Talant Asan uulu | Title of Assignment:Organizational purposes of Business and effective strategy in context of Business start-up.Grading criteria: P1.1, P1.2, P1.3; M1; D1.Related learning outcomes:LO1: Understand the organizational purposes of businesses. | Assignment Number:__1__of __3__for this Unit | Date assigned:November 1, 2013 | Date of review:November 8, 2013 | Date for final submission:November 15, 2013 | Learner declaration:I confirm that this assignment is my own work and any assistance received has been acknowledged and all sources have been stated.Signature: Date: November 15, 2013 | Scenario:In order to facilitate the interactive teaching technique due to accepting the basic findings of Interactive Business Situations Analysis conducted during the seminars and independent students’ study, the following two alternative scenario have been proposed for designing the required Assignment # 1 as follows:Scenario # 1:Primary terms of Business start-up to be organized as “Skull-Up” company are determined as Business partnership with full liabilities legal form. Business specialization of considering enterprise is Restaurant service providing. This company...
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...Protection: Recognizing the Human Right Human rights, these are the basic fundamental rights guaranteed to every human under the Universal Declaration of Human Rights and rights guaranteed to every citizen of India under the constitution of India. Article 21 of the India constitution has often been referred to as the spirit of Indian constitution, the article states that “Nobody shall be deprived of his Right to life and personal liberty except by the procedure established by law”. Prima facie the Article seems to be very concise but through various precedents and judicial dictions the Indian judiciary has recognized various facets pertaining to the article. The article briefly explains the duty of State to provide safe and healthy environment to its citizens as the part of Directive Principle of State Policy provided under Article 36-51 of the Indian Constitution. This paper seeks to marginalize the relation between human rights and Environmental protection by seeking the relation between environment and its effect on human life. The paper also adjudicates the same on the basis of legal dictions given on the same in famous precedents like M.C.Mehta case, Bhopal Gas Tragedy and the recent developments in the sphere through formulation of National Green Tribunal, Western Ghaats Environment and Ecology Panel. It also discuses India’s stand in the Global scenario in recognizing right to safe environment as the basic human rights through treaties and...
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...through the virtual campus I found the interactive reading and activities to be the most useful to me. This was because it helped me understand the content and practice what I learned. There are three basic business environments(legal, social, and economic) that affect the success of a business. The legal environment of a business is the law as it affects a business and is governed by state, country, and international laws. This includes laws on what can and can't be produced or sold, consumer and employee protection laws, tax and other financial laws, as well as many rules and regulations with regards to business ethics, code of conduct, arbitration, and when and how to seek legal advice. The social environment of a business is the factors that affect a business socially. Every business works in a society and different factors such as family, educational institutions, and religion affect a business. Other social factors such as demographics, racial diversity, and social financial issues also affect a business. The economic environment of a business is the factors that affect a business economically or influence the buying behavior of consumers and institutions such as employment, income, inflation, productivity, economic conditions such as wealth and poverty, economic...
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...UNIT 5 INDIVIDUAL PROJECT BUSN105 – Introduction to Business by La’Ketica T. Moore AIU Online April 22, 2013 Abstract In this unit I was asked to describe an organization basic legal, social, and economic environment. I am asked to describe the management structure and its operational and financial issues. Research and identify the impact of potential change factors including the role of technology. UNIT 5 IP Introduction The organization that will be discussed in this paper is healthcare this organization is important to this writer because it is her chosen field of employment. It is important to learn about healthcare because of all the recent changes to the law on a state, local, and federal level. This writer feels in order to learn about the healthcare regulations you need to learn about your rights as either a provider or as a patient. Basic Legal Environment The healthcare industry has come up on several changes over the past years that lead to lawsuits. Some of the legal issues that the healthcare has to deal with would be HIPPA which is the Health Insurance Portability and Accountability Act which protects the privacy of individually identifiable health information. OSHA assures the safe and healthful working of men and women by setting and enforcing standards and providing training, outreach, education and assistance. Patient documentation and communication which sparked the malpractice lawsuits over a decade ago, in keeping the patient informed...
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