Elements of Small Business Environment
THE ELEMENT OF THE SMALL BUSINESS ENVIRONMENT
Entrepreneurship Individual Assignment
THE ELEMENT OF THE SMALL BUSINESS ENVIRONMENT
Entrepreneurship Individual Assignment
NGUYEN THAI HA B0074 - BA505
ETR401 | LECTURER: MR. NGHIAHT
NGUYEN THAI HA B0074 - BA505
ETR401 | LECTURER: MR. NGHIAHT
CONTENTS I. INTRODUCTION of ENVIRONMENT II. INTERNAL ENVIRONMENT III. EXTERNAL ENVIRONMENT 1. Task Environment 2. General Environment IV. CONCLUSION V. PREFERENCES
I. INTRODUCTION
In order to start up or become effective, each new and current companies have to use a number of elements within the environment to gauge the path by which they ought to steer. So what is environment? “Environment is the sum total of forces outside of the entrepreneur and the firm”
According to BRIE, the entrepreneur have to create a “Boundary within the environment, setting firm apart from the rest of the environment”. The Resources, says, knowledge, money are gathered from the environment. It is also at the core of Exchange because Exchange is the firm/entrepreneur dealing with the atmosphere – buying, selling, trading, etc.
In short, a firm’s operation activities always involves with environment or environmental factors.
It’s divided into 2 elements: Internal and External Environment. The Task & the General Environment are subset of External Environment.
II. INTERNAL ENVIRONMENT
In accordance with the definition of Internal environment in the text book, “Internal environment are the people & groups within the boundary of firm, including the owners, managers, employees, and board members of the firm”.
Understanding the Internal context is essential to confirm that the risk assessment approach meets the needs of the firm and of its owner. It is the environment in which the firm operates to achieve its objectives and which can be influenced by the firm to manage risk. The internal context is
Entrepreneurship Individual Assignment
THE ELEMENT OF THE SMALL BUSINESS ENVIRONMENT
Entrepreneurship Individual Assignment
NGUYEN THAI HA B0074 - BA505
ETR401 | LECTURER: MR. NGHIAHT
NGUYEN THAI HA B0074 - BA505
ETR401 | LECTURER: MR. NGHIAHT
CONTENTS I. INTRODUCTION of ENVIRONMENT II. INTERNAL ENVIRONMENT III. EXTERNAL ENVIRONMENT 1. Task Environment 2. General Environment IV. CONCLUSION V. PREFERENCES
I. INTRODUCTION
In order to start up or become effective, each new and current companies have to use a number of elements within the environment to gauge the path by which they ought to steer. So what is environment? “Environment is the sum total of forces outside of the entrepreneur and the firm”
According to BRIE, the entrepreneur have to create a “Boundary within the environment, setting firm apart from the rest of the environment”. The Resources, says, knowledge, money are gathered from the environment. It is also at the core of Exchange because Exchange is the firm/entrepreneur dealing with the atmosphere – buying, selling, trading, etc.
In short, a firm’s operation activities always involves with environment or environmental factors.
It’s divided into 2 elements: Internal and External Environment. The Task & the General Environment are subset of External Environment.
II. INTERNAL ENVIRONMENT
In accordance with the definition of Internal environment in the text book, “Internal environment are the people & groups within the boundary of firm, including the owners, managers, employees, and board members of the firm”.
Understanding the Internal context is essential to confirm that the risk assessment approach meets the needs of the firm and of its owner. It is the environment in which the firm operates to achieve its objectives and which can be influenced by the firm to manage risk. The internal context is
References: Jerome A. Katz, Richard P. Green II. 2011. The element of the small business environment. China: The McGraw Hill. Ch.2. Figure 1.Jerome A. Katz, Richard P. Green II, 2011. Four elements needed to get your business started. Entrepreneurial Small Business Figure 2