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An Analysis of Business Environments and Organizational Structures

Discusses the impact of economic, social, and legal factors on business environments and organizational structures.

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An Analysis of Business Environments and Organizational Structures:Economic, Social, Legal Influences, and Forms of Business OrganizationsQuestion :-Describe the basic environments (legal, social, economic) in which a businessoperates.Solution :-BUSINESS ENVIRONMENTThe business has got two dimensional relationship with the environment. On the one hand itaffects the social, political and economic environment and on the other hand it is affected bycountry’s social, political, economic and legal environment. The competent and successfulmanagement must be capable of adapting to the environment. The knowledge of the environmenthelps in capitalizing emerging opportunities, activating management and image building of theorganization.COMPONENTS OF BUSINESS ENVIRONMENTBusiness, these days is vitally affected by the economic, social, legal, technological and politicalfactors. These factors collectively from business environment.Business environment as such isthe total of all external forces, which affect the organization and operations of business. Theenvironment of an organization has got internal, operational and general levels. Managers mustbe aware of these three environment levels, their relationship and importance.ECONOMIC BUSINESS ENVIRONMENT

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Business Management

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