International Journal of Modern Social Sciences, 2013, 2(1): 34-43 International Journal of Modern Social Sciences ISSN: 2169-9917 Florida, USA Journal homepage: www.ModernScientificPress.com/Journals/IJMSS.aspx Article Environment & PEST Analysis: An Approach to External Business Environment Abhishek Gupta Administrative-cum-Accounts Officer & Head of Office, Sardar Swaran Singh National Institute of Renewable Energy (Ministry of New & Renewable Energy, Govt. of India), Wadala Kalan
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from unethical behavior * Each has problems 1. Relativism * There is no universal standard by which morality can be judged * What is correct for one society may be wrong for another * Ethics and morality are relative ( is it ethical to pay bribes) Relativism – Problems * There are no absolutes - murder, slavery, torture, rape OK * What is meant by a society? Sub-societies, country, subsountry, block, indv * Leads to conclusion - each person’s opinion is correct
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Business environment Introduction Business environment is the combination of two factors internal and external. These two factors influence a company’s operating situation. In other words business environment is the sum of living person, location and natural resources. In business environment internal factors include five M’s such as, man, material, money, machine and management. These internal factors change the function of business. External factor are those factors which are beyond the control
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Chapter 1 Strategic Leadership: Managing the Strategy-Making Process for Competitive Advantage Opening Case Wal-Mart Wal-Mart is one of the most extraordinary success stories in business history. Started in 1962 by Sam Walton, Wal-Mart has grown to become the world’s largest corporation. In the financial year ending January 31, 2004, the discount retailer whose mantra is “every day low prices” had sales of nearly $256 billion, five thousand stores in ten countries (almost three thousand are in
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development of hi-tech communication media and rapid transportation facilities, the hole world has squeezed and people have come closer to one another. Now we can learn in an instant what is happening in the farthest corner of the globe. In fact, globalization is currently understood mainly in terms of mutual relationship of nations and region of economic domain, in particular, trade, financial flows and traditional corporations. In other words globalization is seen as an economic parallel to internationalization
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To what extent is corporate social responsibility a source of competitive advantage Suffering from air pollution and water contamination, citizens gradually demand businesses to take action on social responsibility. As a result, corporate social responsibility (CSR), which came into general use in the late 1960s and early 1970s (Harvard Kennedy School,2008), has become a vital portion in business model. There are a large number of definitions on corporate social responsibility. According
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can ignore the importance of education to society. Education is a tool that will allow people to achieve every goal they set for their lives. Learning opens doors to a great world of possibilities that will most likely lead to success. People who are not fortune enough to receive a formal education will have to face a road full of difficulties throughout their lives. It is not a secret that the more education people have, the better standard of living they will enjoy. Globalization has brought an
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background dating as far back as the 19th century. It is possible to assert that globalisation has transformed our world giving rise to many opportunities although there are numerous risks. However, globalisation has much significance as it affects all our lives. It has benefited many as barriers have been lowered and it has fostered the increased integration of economies. According to Allen and Thomas (2000) ‘Globalisation is a ‘process which embodies a transformation in the spatial organization of social
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cooperation among nations. Globalization has become a catch world for international development endeavors throughout the world. With globalization borders between regions and nations are no longer important. A final component of the general environment is actions of other countries or groups of countries that affect the organization. Governments may act to reserve a portion of their industries for domestic firms, or may subsidize particular types of businesses to make them more competitive in the international
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the state of being poor. In a broad perspective, there are two types of poverty. There is relative poverty which refers to people who live in poor accommodations, cannot afford certain necessities, and struggle to make ends meet. In most cases for theses people, there is welfare available to help them so it would be rare for them to go without somewhere to live or to go starving. The other kind of poverty is known as absolute poverty. This is the kind of poverty that you would see in third world
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