essay #2 - Marko Urlic Business & Society 09 -07 -2010...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Marko Urlic 09 -07 -2010 Essay #2 The seven environments of business are: - Economic - Technological - Cultural - Governmental - Legal - Natural - Internal The first one, economic, consists of forces that influence market operations. What characterizes the global economic environment is continuing long-term growth in output, consumption, and investment. Also, there are two basic subtrends; 1) rising trade and 2) major expansion of foreign direct investment by transnational corporations. The technological environment is the second one. One example of this environment is nanotechnology, which is technology that is developed on the scale of a nanometer, which is one-billionth of meter. The big change in business has also been influenced by digital telecommunications that now creates a global network of computers, software, and electronic devices. A culture is a system of shared knowledge, values, norms, customs, and rituals acquired by social learning. Because of this
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This document was uploaded on 03/06/2011.

Page1 / 3

essay #2 - Marko Urlic Business & Society 09 -07 -2010...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online