Factors Affecting Business Environment[1]

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    Presenter:

    ISMATULLAH BUTT

    Ph.D. (Scholar)Mohammad Ali Jinnah University

    Islamabad

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    Presentation Plan:

    1. Basics of Management

    2. Business Environmental factors

    3. Ever-changing world

    4. How to mismanage managers

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    OrganizationA systematic arrangement of people brought

    together to accomplish some specific purpose;applies to all organizationsfor-profit as well as

    not-for-profit organizations.Where managers work (manage)

    Common characteristicsGoals

    Structure

    People

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    ManagementThe process of getting things done, effectively and

    efficiently, through and with other people

    Efficiency Means doing the thing correctly; refers to the relationship

    between inputs and outputs; seeks to minimize resource costs

    Effectiveness Means doing the right things; goal attainment

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    Management process:

    planning, organizing,

    leading, and controlling

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    Conceptual skills A managers mental ability to coordinate all of the

    organizations interests and activities

    Interpersonal skills A managers ability to work with, understand, mentor,

    and motivate others, both individually and in groups

    Technical skills A managers ability to use the tools, procedures, and

    techniques of a specialized fieldPolitical skills A managers ability to build a power base and

    establish the right connections

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    Internal

    Environment

    Business

    Decision

    External

    Environment

    Types of Business Environment

    Value System

    Mission and Objectives

    Management Structure and Nature

    Internal Power Relationship

    Human Resources

    Company Image and Brand EquityOther Factors

    Micro Environment

    Suppliers

    Customers

    Competitors

    Marketing

    IntermediariesPublics

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    Political/L

    egal

    Political/L

    egal

    EconomicEconomic

    TechnologicalTechnological

    GlobalGlobal

    DemographicDemographicSocioculturalSociocultural

    CompetitiveCompetitive

    EnvironmentEnvironment

    Industry

    Environment

    Industry

    Environment

    Components of the General EnvironmentComponents of the General Environment

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    MACRO

    ENVIRONMENT

    ECONOM

    IC

    FACTOR

    S

    INTERNATION

    AL

    FACTORS

    SUPP

    LIER

    SMICRO

    BUSINESS

    ENVIRONMENT

    DEMOGRAPHIC

    FACTORS

    NATURAL

    FACTORS

    MARKETING

    INTERMEDIARIES

    PUBLICS COMPETITORS

    SOCIO

    CULT

    URA

    L

    FACT

    ORS

    POLITICAL&GOVT

    FACTORSCUSTOM

    ERSInternal

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    You are bound to fail if you fail to changewith the change.

    (Shakespeare)

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    Strengths

    Weaknesses

    OpportunitiesThreats

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    Make him responsible for too little.

    Make him responsible for too much.

    Never define his responsibilities.

    Make him responsible without giving him authority. Set unrealistic targets for his achievements.

    Assume that everythings always his fault.

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    Be intolerant when it really is his fault.

    Set out to Keep him on his toes.

    Give unsought for assistance.

    When he does seek help, make sure hedoesnt like the help he gets.

    Start doing his job for him.

    Keep checking up on him.

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    Have cosy chats with his staff about him.

    Let him tell the bad news.

    Criticise a manager in front of his men or

    better still ridicule him.Have too many levels of such managers.

    Reorganize your managers often.

    Divide and rule.

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