Jaycen Swedeen Unit 5 Individual Project

Jaycen Swedeen Unit 5 Individual Project - Unit 5...

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Unit 5 Individual Project Running head: Unit 5 INDIVIDUAL PROJECT BUSN105-1003A-289 BY JAYCEN SWEDEEN ORGANIZATION WILBE ORTIZ August 21, 2011 1
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Unit 5 Individual Project ABSTRACT We will discuss the organization of a business such as the basic legal, social and economic environments. Also, we will emphasis on the basic structure, operational issues and financial issues of a business. Furthermore, we will discuss the technological advancements in businesses today. 2
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Unit 5 Individual Project ORGANIZATION For any business, the key for success is the organization of the company. It is crucial for a successful business to have a plan of action. A business plan acts as the blue print which can stem from marketing, sales, environment and even the type of employees you hire. Further planning consists of the industry you are in, competitors, regulations, goals and investors/lending sources. (The Business Plan, 2007-2009) Knowing what influences a business is essential in leading the organization structure such as the basic-legal, social and economic environments are just a few. (Money Instructor, 2002-2009) The competitive environment is when a company is trying to keep up with what their competitors are doing. This can include productivity, pricing, employment and many other aspects of what the competition is doing. The economic environment is effected by what the economy is doing. For example gas prices, it seems to me when the economy is at a low the gas prices go up and vice versa. The political-legal environment is composed of laws that can create new opportunities for businesses. For example, mandatory recycling laws have given the recycling industry a major boost and spurred the creation of dozens of new companies making new products from recycled materials. Just as a law can create opportunities as this one it can also make it difficult for business opportunities. Technological environment is an important key to growth in these times. As new one company
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Jaycen Swedeen Unit 5 Individual Project - Unit 5...

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