benefit from a business degree.
Identify which virtual campus resources you found to be of particular value to you in learning the unit content.
In your own words, describe the basicenvironments (legal, social, economic) in which a businessoperates. You are encouraged to use the library...
Example: Rogers Communications now has more than 65 channels broadcasting in more than 20 languages across Canada
CONSUMERISM • Consumerism Social force within the environment that aids and protects the consumer by exerting legal, moral, and economic pressures on business and...
Points Possible: 140
Date Due: Friday, Oct 08, 2010
Objective: •Describe the basicenvironments (legal, social, economic) in which a businessoperates.
•Explain the basic concepts of management and recognize problems faced in operating a business enterprise.
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The mission of Pestel-Analysis.com is to provide access to the top international risk analysis information. One must use accurate and relevant information when analyzing the Political,Economic, Social,Technical, Environmental, and Legal aspects of an organisation.
PESTEL is an...
describe the influence of two contrasting economicenvironments on business activities within a selected organisation describe how political, legal and social factors are impacting upon the business activities of the selected organisations and their stakeholders. M2 compare the challenges to selected...
Unit 5 Individual Project
December 10, 2011
After evaluating and conducting extensive research we should be acclimated with the functions and operations of basiclegalenvironment, socialenvironment and economicenvironments as it pertains to...
. This makes it necessary to integrate social and environmental
concern into the business activities. Later definitions provide different meaning of CSR in
The macro environment
The micro environment
The internal environment
• The Macro environmenteconomic, socio-cultural...
, globalization has developed and changed the economicenvironment deeply. Globalization describes a process by which national and regional economies, societies, and cultures have become integrated through the global network of trade, communication, immigration and transportation ( Manu R. Shroff, 2000). Due...
. business organisation. An external environment affects businesses as much as they are affected by the competitors. Global factors influencing business are legal, political, social, technological and economic. All this factors have a large impact in how the business develops. • Social factors are...
* Political factors – Essentials of Marketing (2002) says that many of the legal, economic and social developments in society is nothing more than political decisions put into action. The political climate is of great significance to the marketing firm and has a direct...
• Availability of power and water
• Availability of sites and buildings
• Availiabity of Capital
• Personal Preferences
• Local Authority
• SocialEnvironment – Education, medical services, shopping
• Existing businessenvironment (banks)
Legal forms of ownership in South...
, and the
Figure 1 Economic and Legal Components of Corporate Social Responsibility
legitimate, had to address the entire spectrum of obligations business has to society, including the most fundamental—economic. It is upon this four-part perspective that our pyramid is based. Economic...
whichbusiness must operate. As a partial fulfillment of the "social contract" between business
and society firms are expected to pursue their economic missions within the framework
of the law. Legal responsibilities reflect a view of "codified ethics" in the sense that they
fulfillment of the "social contract" between business and society firms are expected to pursue their economic missions within the framework of the law. Legal responsibilities reflect a view of "codified ethics" in the sense that they embody basic notions of fair operations as established by our lawmakers...
requirement, the legal and environmental factors would not describe in this paper. However, legal and environmental factors are significant in PESTLE model.
The simple acronym ‘PESTLE’ stands for political, economic, social, technological, legal and environmental factors. PESTLE...
, packaging changes, as well as modifying advertising
LegalEnvironmentLegal Factors affecting all Companies
General legal framework: contract, – Basic ways of doing business, negligence proceedings
Criminal Law – Theft, Insider trading, bribery, money laundering
Company Law – Directors and...
, individualism and democracy to authoritarianism. 6.1.2 The influence of different political systems in the shaping of the economic and legal frameworks with which the global operator must comply, with knowledge of their origins. 6.1.3 Key elements of different legal systems in terms of protection of...
syllabus begins with examining the purpose and types of businesswhich exist, the key stakeholders and the rights and responsibilities that businesses have in connection with them, exploring the external influences that affect the business in its environment, including economic, legal, social and...
in business strategy, organizations have to have a solid view of who their basic stakeholders are and how they should be treated in terms of ethics. The literature suggests CSR to take place in 4 distinct layers: economic, legal, ethical and philanthropic.
The cases of the JohnLewis Partnership...