SIG+Apprentice+-+Business+Environment+Resources

Back to SIG Apprentice Home http://ktomath.wikispaces.com/SIG+Apprentice+-+Business+Environment+Resources =Business Environment=

=You may use the following document to guide your creation of the business environment portion of your business plan: = http://ktomath.wikispaces.com/SIG+Apprentice+-+Business+Environment+Resources

What is the Business Environment portion of the Business Plan?
The combination of internal and external factors that influence a company's operating situation. In another words, every thing is included in the business environment.Such as: clients and suppliers; its competition and owners; improvements in technology; laws and government activities; and market, social and economic trends.

Internal business environment
It includes : labor, material, money, machinery and management. For example, to the manufacturing company, the manager should consider the number of the labor. If they employ too many labor, the productivity will be too much, so the supply will be more than the demand, which will cause the company can't gain enough benefit to pay for the labor. Also investigate the money to what kind of material, or how to manage the company will also affect the benefit and the development of the company.

External business environment
It includes : Government and Legal factors, Geo-Physical Factors, Political Factors, Socio-Cultural Factors, Demo-Graphical factors etc.

It is of two types: micro/operating environment and macro/general environment.

micro/operating environment
consists of Suppliers, Customers, Market Intermediaries, Competitors and Public.

**Macro/General Environment**
consists of creating opportunities and threats to business units. Following are the elements of Macro Environment

Examples:
Google Business Environment: http://www.studymode.com/essays/Google-Business-Environment-1168121.html the kingdom's business environment: http://www.phnompenhpost.com/2013050265368/Business/high-risk-seen-in-kingdom-s-business-environment-report.html

resource:
http://www.thegeminigeek.com/what-is-business-environment/