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8/6/2019 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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