Unit 2: The Environment of Business Karen Foreman

Open Systems –An open system How does the economy affect a company ’ s values?

Open Systems 1. What happens within an organization when the cost to do business is raised? - What is an important economic influence?

Open Systems How does the housing market affect the stock market? –What about jobs, do they have an affect on any of this?

Any Questions?

Technology How is technology-changing business? - How does this affect human labor?

Technology What are demographics? -How does demographics affect business? -What does this mean for employers?

Technology - - Have we seen this in the past decade?

Any Questions?

Competitive Environment What are the elements of a competitive environment? - Why is it important to pay attention to emerging rivalries?

Any Questions?

Suppliers Who are suppliers? –Supply Chain Management

Customers Who are the customers? –How do customers determine an organization ’ s success? –Who are considered powerful customers? –How could the impact an organization?

Uncertainty How do organizations respond to environmental Uncertainty?

Any Questions?

To do something better; you must work an extra bit harder. I like the phrase an extra bit harder. For me it is not just a slogan, but a habitual state of mind, a disposition. Any job one takes on much be grasped and felt with one’s soul, mind, and heart; only then will one work an extra bit harder. ~ Mikkhail Gorbachev

Good Night! Good Night!