Re: business environment influences business management -
August 3rd, 2008
influencing business environment are many aspects
change of technology
consumer base - demand; change in customers behavior - their financial soundness
government rules, regulations, laws, acts, taxation, professional liabilities,
ethics, business fair practices,
advertisement, promotional aspects,
behavior of workmen, their adaptability to enhancing demand on technological requirement
natural calamities, force majeure,
inflation, recession, global environment
and many more aspects.
keeping up the promise to stake holders (share holders)
how they influence affect, the management --
nothing will affect the management - provided they know how to restructure to the changed environment -
OTHERWISE there will not be any establishment/corporates who survives successfully for hundreds of years.
the management who believes today's world cannot sustain.
management should know crisis management, failure analysis, and changing strategy