essay on business environment grade 11

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POLITICAL ENVIRONMENT

Political factors, in the context of the external environment in which a business functions, are a type of external constraint acting upon a business. They’re related to actions of governments and political conditions in the location where the business conducts business or seeks to conduct business. Government actions and political realities influence the success of the business.

Political environment can also affect government policies at local to federal level. Companies should be ready to deal with the local and international outcomes of politics. Changes in the government policy make up the political factors. The change can be economic, legal or social. It could also be a mix of these factors.

Change in the political factors can affect business strategy. The stability of a political system can very well decide about the appeal of a particular local market because Government is a major consumer of goods and services. Government is liable for protecting the public interest and thus it views business organizations as a vehicle for social reform. Government pass legislation, which impacts the relationship between the firm and its customers, suppliers and other companies.

Below, is a list of political factors affecting business:

§ Bureaucracy

§ Corruption level

§ Freedom of the press

§ Trade control

§ Education Law

§ Anti-trust law

§ Employment law

§ Discrimination law

§ Data protection law

§ Environmental Law

§ Health and safety law

§ Competition regulation

§ Regulation and deregulation

§ Tax policy (tax rates and incentives)

§ Government stability and related changes

§ Government involvement in trade unions and agreements

§ Import restrictions on quality and quantity of product

§ Intellectual property law (Copyright, patents)

§ Consumer protection and e-commerce

§ Laws that regulate environment pollution

ECONOMIC ENVIRONMENT

A business has many decisions to make – what to produce, how to produce, for whom to produce. However, these decisions will be affected greatly by the economy in which the firm operates. Even if the economy is quite stable, the business always has to monitor its own operations, those of the opposition and any changes to customers’ habits or even lifestyles. Where there is instability in the economy the decisions of the business will be even harder and difficult and even more important.

Economic environment refers to the aggregate of the nature of economic system of the country, the structural anatomy of the economy to economic policies of the government the organisation of the capital market, the nature of factor endowment, business cycles, the socio-economic infrastructure etc.

When the economy becomes unstable, that’s when problems will occur, when services and goods start to become in short supply or the price of the goods and services go so high that people are not able to afford them anymore. A rise in unemployment could mean that the production and supply of goods decrease and the amount of money to purchase the available goods decreases as well – due to wages being reduced. As there are less people in employment, the taxes being paid to the government are less (they need the taxes to fund services such as housing, health e.g. and education, etc.).

Economic factors that affect the business environments are as under:

· Government economic policies

· Rate of interest set by the central bank of any country

· Per capita Income which has a huge impact on business environment by changing their consumption behaviour

· Privatization policy by the government

· Instability in the economy due to bad political conditions in the county affects the business environment

· Customs duty structure

· Airline air freight charges

· Foreign investment in the country

SOCIAL ENVIRONMENT

Social environment of business means all factors around the business which affect it socially. It refers to the nature of social organisation and development of social institutions like caste, religion, customs, and socio-economic factors like class structure, social mobility, women employment etc.

Society is ever changing. The tastes and continuously changing trends are a part of it. It is highly affected by social media and social networking sites.

A business has some responsibilities towards society as it uses resources from society, so it has to return something to the society. Corporate social responsibility (CSR) is a form of corporate self-regulation integrated into a business model. CSR policy functions as a built-in, self-regulating mechanism whereby a business monitors and ensures its active compliance with the spirit of the law, ethical standards, and international norms.

Below is a list of social factors which impact customer needs and size of markets:

§ Lifestyles

§ Buying habits

§ Education level

§ Emphasis on safety

§ Religion and beliefs

§ Health consciousness

§ Sex distribution

§ Average disposable income level

§ Social classes

§ Family size and structure

§ Minorities

§ Attitudes toward saving and investing

§ Attitudes toward green or ecological products

§ Attitudes toward for renewable energy

§ Population growth rate

§ Immigration and emigration rates

§ Age distribution and life expectancy rates

§ Attitudes toward imported products and services

§ Attitudes toward work, career, leisure and retirement

§ Attitudes toward customer service and product quality

TECHNOLOGICAL ENVIRONMENT

Technology has revolutionized the world. It is changing rapidly with newer innovations. It has influenced operations of the business over the world. Its influence is felt in practically all aspects on the day-to-day operations of businesses, both large and small.

Technology has also changed the face and the pace of how business functions. Business processes have been modified and organizations are now working much more efficiently than ever. At the same time, technology has opened a new way of communication, allowing businesses to communicate and collaborate beyond borders.

The growing use of IT and its tools, smartphones and various smart devices have taken the business to a next level. Today, it’s seen that those organizations are higher ranked are usually more advanced in technology. Technology has, in fact, made organizations to go digital.

The rapid development of technology requires quick reaction by businesses in order to survive in an emerging competitive environment and keep up with new trends and innovative services which other competitors might be offering.

These technological factors can include both products and processes and can present opportunities and threats but it is vital for competitive advantage and is a successful driver in globalisation. Products can be marketed in new ways and processes present immense Value to the business.

LEGAL ENVIRONMENT

The legal environment refers to the principles, rules and regulations established by the government and applicable to people. These regulations come through various legislations. The government has passed and enacted various Acts. Now due to globalization of economy, it became necessary to make changes in these Acts.

The legal environment plays a very crucial role in determining the success of a business. The government imposes taxes among other regulatory measures to promote economic growth and to cushion consumers from exploitation. Therefore, before establishing or when running a business, it is imperative to understand the role of regional tax measures and regulatory measures to determine how they affect business.

An understanding of the legal environment of business is relevant—indeed, essential—to functioning well within disciplines like accounting, finance, management and marketing. Additionally, a solid understanding of the legal environment can help avoid liability or at least minimize risk. In business, it is not enough to comport one and one’s business ethically. Business must also ensure that it understands the legal environment in which it is working. Therefore, it is important for the organization, for its employer, and for all the other people who may be relying on business expertise—such as employees and their family—to understand the legal environment. Such an understanding will help to avoid or lessen the likelihood of liability exposure, enabling organization to manage business affairs successfully, unhampered by unmanaged legal liability risks.

Most of the countries have consumer protection laws aimed at making sure that business act fairly towards their consumers. A few examples are

· Weight and Measures Act, 1976: This Act was enacted to establish standards of weights and measures, to regulate inter-State trade or commerce in weights, measures and other goods which are sold or distributed by weight, measure or number, to provide for matters connected therewith or incidental thereto. Goods sold should not be underweight. Standard weighting equipments should be used to measure goods.

· Trade Description Act, 1968: It means deliberately giving misleading impression about the product is illegal. The Act makes it a criminal offence to apply a false trade description to goods. The Act covers descriptions given both verbally and in writing. It covers any factual statement about the physical qualities of the product, e.g. size, capacity, performance, place of manufacture and previous history.

· Consumer Credit Act, 1974: According to this Act, consumers should be given a copy of the credit agreement and should be aware of the interest rates, length of loan while taking a loan. The Act also regulates what may be taken as security, limits the ways in which credit organisations can advertise and gives the county courts the ability to intercede in the case of unfair or unjust credit agreements. It also gives additional rights to the debtor, including certain limited rights to cancel concluded agreements.

· Sale of Goods Act, 1979: According to the Act, it is illegal to sell products with serious flaws or problems and goods sold should conform to the description provided. The Act applied to contracts where property in ‘goods’ were transferred or agreed to be transferred for a monetary consideration, in other words: where property (ownership) in personal chattels was sold.

NATURAL ENVIRONMENT

Business is interconnected with nature in two ways. Firstly, business gets its raw materials from the nature, whose quality and availability can affect the business to a large extent. Secondly, natural calamities which are uncontrollable and uncertain, can bring disaster for the business.

The analysis of the mega environment must also cover aspects like extent of endowment of natural resources in the country, ecology, climate, etc. These constitute the natural environment.

In today’s nature disturbances, upcoming of global warming and other hazardous issues to the environment, companies around the world are integrating environmental interest with business and are becoming proactive in finding ways to reduce environmental impact. Additionally, consumers are favouring businesses that contribute to protecting natural resources. These interconnections are explicit domains where business is heavily implicated.

There are no hard and fast rules with regard to location of plant. In practice, a large number of factors have to be considered while choosing a suitable location. Moreover, these factors differ from situation to situation and from time to time.

ENVIRONMENT SCANNING TECHNIQUES

It is essential for a company to understand the environment in which it is working, in order to stand and survive in the market. The understanding of environment can be meant as environmental scanning. This environmental scanning is used by the companies to judge its position among its competitors. It helps to identify positive points and negative points, that is, strengths and weaknesses of the company. It provides knowledge about the upcoming opportunities and threats to the company. Thus, environmental scanning gives a proper base to the company for looking its current position and improving for the better. It shows the scope of betterment in future.

There are various techniques of environmental scanning, each having its own usefulness but having some drawbacks at the same time.

SWOT ANALYSIS

SWOT analysis is an acronym of Strengths, Weaknesses, Opportunities, Threats. It is the simplest technique of all because it does not take much time and doing it forces the management to think about the company in a whole new way. SWOT analysis is calculated by a SWOT matrix.

SWOT analysis, as per the name suggests, helps company to identify its strengths and weaknesses, understand and grab the opportunities on the way and taking precautions against threats that may harm it.

Strengths and weaknesses are the internal factors of the company which can be changed from time to time but not without some work. Opportunities and threats are the external factors which cannot be changed nor there is any control over them.

Areas typically considered in the internal factors include financial resources, human resources, physical resources, access to natural resources, and current processes.

Some example of strengths, as an internal factor, that a company can consider are patents, strong brand names, good reputation among customers, cost advantages from proprietary know-how, exclusive access to high grade natural resources, favourable access to distribution networks. Some example of weaknesses, as an internal factor, that a company can consider are lack of patent, weak brand names, poor reputation among customers, high cost structure, lack of access to the best natural resources, lack of access to key distribution channels.

Areas typically considered in the external factors include market trends, economic trends, funding, demographics, relationships with suppliers and partners, and, political, environmental and economic regulations.

Some example of opportunities, as an external factor, includes an unfulfilled customer needs, arrival of new technology, loosening of regulations, removal of international trade barriers. Some example of threats, as an external factor, that a company can face include shifts in consumer tastes away from the firm’s products, emergence o f substitute products, new regulations, international trade barriers.

It is important to study SWOT analysis to determine the status of the company and providing for better future.

ENVIRONMENT THREAT AND OPPORTUNITY PROFILE(ETOP)

ETOP is the acronym of Environment Threat and Opportunity Profile. It is an environmental scanning technique in which environment is divided into different sectors and then impact of each sector is analysed separately. The impact is measured on three measures of scale: positive, negative, neutral, marked as +,-,0 respectively.

ETOP considers the environmental information and determines relative impact of threats and opportunities, for the systematic evaluation of environmental canning. It helps organization to identify opportunities and threats and to consolidate and strengthen organization’s position. It provides the strategists of which sectors have a favourable impact on the organization.

Some of the environmental factors that can be covered while undergoing ETOP analysis includes political factors, legal factors, economic factors, social factors and alike.

The strategic managers must keep focus on following dimensions:

· Issue selection

Focus on issues which have been selected, should not be missed as there is a probability of landing at incorrect practices. Some of the important issues may be related to market share, competitive pricing, customer preferences, technological change, economic policies, competitive trends, etc.

· Accuracy of data

Data should be collected from good sources otherwise the entire process of ETOP may fail. The relevance, importance, manageability, variability, and low cost of data are some of the important factors to be kept in focus.

· Flexibility in operations

Due to uncertainty in business situations, a company will be benefited by devising proactive and flexible strategies in their plans, structures, strategy, etc.

· Impact study

It should be conducted focusing on the various opportunities and threats and the critical issues selected. Efforts must be made to make the assessment more objective.

ORGANIZATIONAL CAPABILITY PROFILE(OCP)

OCP is the acronym of Organizational Capability Profile. It is summarized statement which provides overview of strengths and weaknesses in key result areas likely to affect future operation of the organization. Information in this profile may be presented in qualitative terms or quantitative terms.

The organizational capability profile is drawn in the form of a chart. The strategists are required to systematically assess the various functional areas and subjectively assign values to the different functional capability factors and sub factors along a scale ranging from values of -5 to +5.

After the preparation of OCP, the organisation is in a position to assess its relative strength and weaknesses vis-a-vis its competitors. If there is any gap in area, suitable action may be taken to overcome that. OCP shows the company’s capacity. OCP tells about company’s potential and capability. OCP tells what company can do.

STRATEGIC ADVANTAGE PROFILE(SAP)

SAP is the acronym of Strategic Advantage Profile. It is a summary statement, which provides overview of the advantages and disadvantages in key areas likely to affect future operations of the firm. It is a tool for making a systematic evaluation of the strategic advantage factors, which are significant for the company in its environment. The preparation of such a profile presupposes detailed analysis and diagnosis of the factors in each functional area.

SAP describes the organisation’s competitive position in the market place. It indicates what the organisation has done or is doing in comparison to its competitors to generate competitive advantage for itself. It is external-oriented.

INTERACTION MATRIX – PORTER’S FIVE FORCES OF MODEL

Source: www.tutorialspoint.com

The mix, character and power of the competitive forces operating in a company’s industry varies from one industry to another. The most powerful tool used for systematically diagnosing the basic competitive pressures in a market and assessing strength, weakness, opportunities and threats, is the five-forces model of competition.

Five forces model of competition was developed by Harvard Business School’s Michael E. Porter in 1979. It emphasizes on the five important factors that help determine whether or not a business can be profitable on the basis of the present strategy it is following. The strategy the business follows is what ultimately drives competition and profitability and not on what product or services it is providing.

RIVALRY AMONG EXISTING COMPETITORS

In today’s cut-throat market, competitors are prone to use whatever weapons they have in their business to attain better market positions and earn good profits as well as brand loyalty. The challenge is to adopt a competitive strategy that produces competitive edge over rivals. This strategy consists of offensive and defensive moves, action and reaction patterns, adjust and readjust process. Thus, the current leaders of the market cannot be very sure of their continued leadership in future.

Rivalry gets stronger when competitors are active in making strategies against strategies, moves after moves. Competition increases as the products of rival sellers become more standardized and diminishes as the products of industry rivals become more strongly differentiated. Competitors to stand in market, thus, should have diverse strategies and objectives.

THREAT OF NEW ENTRANTS

Val Renault, Section 14. SWOT Analysis: Strengths, Weaknesses, Opportunities, and Threats, Retrieved from http://ctb.ku.edu/en/table-of-contents/assessment/assessing-community-needs-and-resources/swot-analysis/main

Tim Berry, What is a SWOT Analysis?, Retrieved from http://articles.bplans.com/how-to-perform-swot-analysis/

SWOT Analysis, Retrieved from http://shodhganga.inflibnet.ac.in/bitstream/10603/59535/7/07_chapter%201.pdf

Smriti Chand, Environmental Threat and Opportunity Profile, Retrieved from http://www.yourarticlelibrary.com/organization/environmental-threat-and-opportunity-profile-%D0%B5%D1%82%D0%BE%D1%80/23557/

ETOP Analysis, Retrieved from http://www.bbamantra.com/etop-environmental-threat-and-opportunity-profile/

BMS Team, Organizational Capability Profile, Retrieved from http://www.bms.co.in/organizational-capability-profile-ocp/

Strategic Management – Environmental Scanning Techniques – Notes – Business Management, Study notes for Business Administration. Banaras Hindu University,Business Administration, Retrieved from http://www.docsity.com/en/strategic-management-environmental-scanning-techniques-notes-business-management/52577/

Jim Makos, Political factors affecting business, Retrieved from http://pestleanalysis.com/political-factors-affecting-business/

Alex Pirouz, The Impact of Technology in Business, December/January 2012 issue of Business Review Australia magazine

Andrew J. Hoffman and Susse Georg, INTRODUCTION TO BUSINESS AND THE NATURAL ENVIRONMENT A history of research on business and the natural environment: conversations from the field, Retrieved from http://webuser.bus.umich.edu/ajhoff/pub_academic/2013%20Routledge%20Intro-2.pdf

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Business Studies Grade 11 Exam Guide Questions: Influences And Challenges Of The Business Environments

Business Studies Grade 11 Exam Questions: Influences And Challenges Of The Business Environments:

Influences And Challenges Of The Business Environments Exam Questions

• Outline the components of the micro, market & macro environments. (Recap) 
• Explain the reasons why businesses has more control over the micro environment/less control over market environment and less control over macro environment. 
• Identify the challenges of the business environments from scenarios/case studies/statements and examine the extent of control a business has over these environments. 
• Discuss/Explain/Describe how businesses can control the business environments. 
• Recommend/Suggest ways in which businesses can be involved in the macro environment. 
• Outline/Name/Discuss/Explain the challenges of the micro environment. 
• Identify these challenges from given scenarios/statements. Quote from scenarios/Statements to support your answer. 
• Differentiate between strikes and go-slows. 
• Outline/Name/Discuss/Explain the challenges of the macro environment. 
• Recommend ways in which businesses can overcome competition in the market. 
• Identify the impact of socio-cultural factors on businesses from scenarios/case studies and make recommendations on how businesses can address this challenge. 
• Outline/Name/Discuss/Explain the challenges of the market environment. 

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The Business Environment, Essay Example

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The business environment is ever changing; thus, presenting a number of challenges to businesspersons around. Therefore, this business environment will demand managers and business leaders to come to terms with the changes by adopting the needed changes. The managers should garner the needed experience and management skills to meet these growing challenges. I believe that the Master of Business Administration (MBA) from Henley School of Business will enable me to play a leading role towards changing the future businesses not only in South Africa, but globally.

The MBA program has provided me with the necessary tools that will allow me to understand, as well as implement business and management principles. The business and management principles are important in the modern business environment because I will use them to better my managerial skills and that of others. Since I have working for more than 8 years in challenging positions with mining companies and non-governmental organizations, I will be able to increase my knowledge towards understanding the problems that businesses and markets face nowadays. This will offer me an opportunity to address these challenges, thus making the future of the businesses bright. I believe also that leadership is a core principle while pursuing MBA program. Therefore, with my program I will encourage businesses to adopt a culture of effective leadership among their managers and other leaders. If the businesses understand that leadership is about influencing others, they will succeed in their everyday operations.

Decision-making and strategic planning are important elements towards the success of the business. The MBA program equipped me with knowledge regarding the role of business investing in strategic planning and decision-making approaches to make the needed changes in an organization. The strategic planning will ensure that the business develop effective mission and objectives and develop and implement approaches to realize the mission and work towards objectives. This can be carried out through adopting market research, feasibility studies, or cost-benefit analysis. MBA provides all these tools and by encouraging companies to adopt these strategies will ensure that the businesses will survive in future.

In the present business environment and in future, coordinating the works of others in a team is important towards attaining the goals of a business. Thus, the MBA program will equip me with team skills and knowledge that I will use to influence others. I believe that teamwork is an important component of any given business because it boosts motivation, hence increasing productivity among the team members. Teamwork permits businesses to be more flexible and responsive. In addition, teams also motivate workers to be more creative, to develop a broader view of objectives, and to contribute across the whole business. Thus, with my MBA, I will emphasize and encourage businesses to adopt teams. . With my MBA, I believe that the companies will be effective in meeting their goals if they embrace teams that are multi-cultural team. This is because cross-border mobility has become widespread, which forces managers to form multi-cultural teams. MBA program has thought me to encourage businesses to develop effective communication strategies that will allow them to communicate effectively with different teams and departments. The communication process should be two-way to make sure that every activity in the business and avoids duplication of responsibilities.

Globalization is another principle that I believe with my MBA program, I will be able to encourage businesses to adopt. It has a reality that business should go past their boundaries to global arena through expansion strategies to reap the full benefits of markets. The business will realize the benefits of going global since they will increase their market share and diversify their businesses, thus reducing potential risks. When businesses move to global environments, they will gather more experiences, because they will meet diverse persons form different cultures. In addition, through the MBA program I will be in a position to encourage the business world to create and adopt multi-cultural environment. Multi-cultural environment will allow the business to have diverse workforce that will allow the company to increase productivity through diversity.

MBA stresses the importance of technology and information systems in the present business environment and in future. The present business environment demands businesses to adopt latest technologies in business in order to survive. It is no doubt that technology and information systems play a vital role to the success and future of the business .MBA programs demands that business should be at par with technologies to remain relevant in the market. Technology has emerged to key drivers in the world that business should become part of this changing trend. I will ensure that I stress the importance of technology wherever I will work and in business forums and workshops. The managers should be equipped with better ways of managing employees through technology and information systems in a business to realize the full potential of the business. Technology should integrate with the element of creativity and innovation. I believe that encouraging businesses to adopt innovation and creative strategies are important towards fashioning an enabling environment that enhances problem-solving skills and developing outstanding strategies to pursue business strategies.

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Grade 11 Business Studies Past Papers and Memos (South Africa)

This page contains Grade 11 Business Studies past exam papers and memos (South Africa). You can browse and download question papers and memos for your revisions (2019, 2018 May/June, October, November).

Table of Contents

Critical Topics for Term 1 Revision

• Influences on and control factors influencing business environments.
• Challenges in business environments
• Adapting to challenges in business environments
• Impact and challenges of contemporary socioeconomic issues on business operations
• Business sectors
• Benefits of a company versus other forms of ownership
• Avenues of acquiring a business

Critical Topics for Term 2 Revision

• Creative thinking and problem solving Stress, crisis and change management
• Transform a business plan into an action plan Starting a business venture based on an action plan Professionalism and ethics
• Presentation of Business Information

Critical Topics for Term 3 Revision

• Assessment of entrepreneurial qualities in business Citizenship roles and responsibilities
• Marketing activities, marketing in the formal and informal sectors Use of technology for marketing
• Imports and exports
• Foreign marketing
• The alignment of foreign marketing and the production function Production function
• Team Stages, dynamics theories and conflict management
• Introduction to the Human Resources function

Download Grade 11 Business Studies Past Papers and Memos

Business studies grade 11 2017 exams (english and afrikaans) question papers:.

• BUS STUDIES GR11 QP NOV2017_Afrikaans
• BUS STUDIES GR11 QP NOV2017_English
• BUS STUDIES GR11 MEMO NOV2017_Afrikaans
• BUS STUDIES GR11 MEMO NOV2017_English

Business Studies grade 11 2016  Exams (English and Afrikaans) question papers:

• Gr11-BSTD-N16-QP-Afr
• Gr11-BSTD-N16-QP-Eng
• Gr11-BSTD-N16-MEMO-Afr
• Gr11-BSTD-N16-MEMO-Eng

More Grade 11 Study Resources

• Grade 11 Computer Applications Technology Study Guides Available for Free Download
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• Grade 11 Religious Education Study Guides Available for Free Download
• Grade 11 Computer Literacy Study Guides Available for Free Download
• Grade 11 Tourism Study Guides Available for Free Download
• Saturday school for grade 11 by Sci-Bono
• Grade 11 English Home Language Study Guide Free Download
• Grade 11 Business Studies Study Guides Available for Free Download. 

Download all Grade 11 Previous Question Papers

Hello Grade 11 Learners. Modern Classroom has everything for you needed to pass your exams, tests, assessments, research tasks and assignments under CAPS Curriculum . Feel free to explore all resources for grade 11, such as Study Guides, DBE Past Exam Papers with Memos , and Speech Topics. That’s if you want to know how to pass grade 11 with distinctions in South Africa

Why passing Grade 11 is very important

Grade 11 ultimately prepares you for Grade 12. You regard Grade 11 as your last trial run for your Matric year because most of the work covered in the syllabus will prepare you for Matric anyway. Passing your Grade 11 very well, is usually a sign that you may pass very well in Matric.

What can you do with your Grade 11 marks in South Africa?

• You can apply at a South African University using your Grade 11 marks
• You can already apply for university bursaries using your Grade 11 marks

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Can you please send business grade 11 in afrikaans.

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T1 W3 Gr 11 Business Studies Lesson: Adapting to challenges of the Business Environments

2021 FET Term 1 Week 3 Gr 11 Business Studies Lesson: Adapting to challenges of the Business Environments

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Business Studies Grade 11: Influences on business environments

Good day students, 

I hope you find this Webquest in good health!

The Covid-19 pandemic has had a big impact on the operation of businesses during the year 2020. Many had to close their doors due to national lockdown. Lots of business owners had to either consider selling their businesses or developing an alternative way of being function within the rules of the government. Each and every of the Business environments were affected due to the rapid change.

Please click on the link below for a short introduction to the business environments.

https://www.youtube.com/watch?v=nJC6lsCHM4g

Business Studies Assignment 

Due: 4 June 2021

Topic: Influences on the Business environments 

Please click on the links below to answer the questions that follow:

https://www.youtube.com/watch?v=bYn4CyL3r5w

https://www.accenture.com/za-en/about/company/coronavirus-business-economic-impact

https://abcnews.go.com/Business/businesses-adapting-coronavirus-pandemic-economy/story?id=69748107

1. How was  each of the business environments influenced during the Covid-19 pandemic. (3x2)

2. Explain the effect the micro environment has on the market environment. (3x2)

3. Explain how the macro environment influence both the market and micro environment. (3x2)

Part 2 

Case study 

Jolene is a young entrepreneur who just opened her first store called Africa Taste in year 2018. See designs her own clothing range as well as custom made clothing but what really makes her store unique is that some of her clothing and cosmetics are imported from Nigeria. As she was building her clientele her business took a huge turn with the Covid-19 pandemic. It had huge impact on her business and she had to rethink her business strategy in way of staying operational within the government rules and regulations or else she will have to close her doors permanently. She decided to tap into her macro environment and look into PESTEL.

1. What is PESTEL about? (1x2)

2. Jolene decided to look into three aspects of PESTEL to keep her business functional which are the physical environment, technological environment and socio-economic environment.

2.1 Describe the market business environment and name four variables. (5x2)

2.2 How can these each of these three environments help save Africa Taste. (5x2)

Read the introduction of the Webquest carefully as it will give you an idea what the assignment is about. 

Use the link provided to awaken your prior knowledge .

Read the instruction before answering the questions.

The assignment needs to be completed in MS word.

Provide a detailed cover page. (Write your name please!!!!!!!!)

Double check your before submission.

Do not copy from each I will notice similarities.

Submit work via the email provided.

                                                                                                                                                                                           Total: 40 marks

In conclusion, the lesson we have looked at were intended to show the interaction the business environments  has on each other and how they interact. 

We will be looking further into this topic of business environment. Please follow in your textbook on page 15, challenges in the business environments.

Also look at the link below.

https://www.youtube.com/watch?v=rFUs1wYKtKI  

3.  https://www.accenture.com/za-en/about/company/coronavirus-business-economic-impact  

4.  https://abcnews.go.com/Business/businesses-adapting-coronavirus-pandemic-economy/story?id=69748107  

5.  https://www.youtube.com/watch?v=rFUs1wYKtKI   

The importance of the lesson was for you as the learner  to conduct your own research and explore how relevant real life situations are and how they relate to  the subject Business Studies. As this is our first term assessment I am looking forward to working with you Grade 11 and I hope we will make this a very successful year. 

Kind Regards

Miss Tamara Langhtrey

Student number: 217063101

Email: [email protected]

Contact number: 0624870682

Essay on Environment for Students and Children

500+ words essay on environment.

Essay on Environment – All living things that live on this earth comes under the environment. Whether they live on land or water they are part of the environment. The environment also includes air, water, sunlight, plants, animals, etc.

Moreover, the earth is considered the only planet in the universe that supports life. The environment can be understood as a blanket that keeps life on the planet sage and sound.

Importance of Environment

We truly cannot understand the real worth of the environment. But we can estimate some of its importance that can help us understand its importance. It plays a vital role in keeping living things healthy in the environment.

Likewise, it maintains the ecological balance that will keep check of life on earth. It provides food, shelter, air, and fulfills all the human needs whether big or small.

Moreover, the entire life support of humans depends wholly on the environmental factors. In addition, it also helps in maintaining various life cycles on earth.

Most importantly, our environment is the source of natural beauty and is necessary for maintaining physical and mental health.

Get the huge list of more than 500 Essay Topics and Ideas

Benefits of the Environment

The environment gives us countless benefits that we can’t repay our entire life. As they are connected with the forest, trees, animals, water, and air. The forest and trees filter the air and absorb harmful gases. Plants purify water, reduce the chances of flood maintain natural balance and many others.

Moreover, the environment keeps a close check on the environment and its functioning, It regulates the vital systems that are essential for the ecosystem. Besides, it maintains the culture and quality of life on earth.

The environment regulates various natural cycles that happen daily. These cycles help in maintaining the natural balance between living things and the environment. Disturbance of these things can ultimately affect the life cycle of humans and other living beings.

The environment has helped us and other living beings to flourish and grow from thousands of years. The environment provides us fertile land, water, air, livestock and many essential things for survival.

Cause of Environmental Degradation

Human activities are the major cause of environmental degradation because most of the activities humans do harm the environment in some way. The activities of humans that causes environmental degradation is pollution, defective environmental policies, chemicals, greenhouse gases, global warming, ozone depletion, etc.

All these affect the environment badly. Besides, these the overuse of natural resources will create a situation in the future there will be no resources for consumption. And the most basic necessity of living air will get so polluted that humans have to use bottled oxygen for breathing.

Above all, increasing human activity is exerting more pressure on the surface of the earth which is causing many disasters in an unnatural form. Also, we are using the natural resources at a pace that within a few years they will vanish from the earth. To conclude, we can say that it is the environment that is keeping us alive. Without the blanket of environment, we won’t be able to survive.

Moreover, the environment’s contribution to life cannot be repaid. Besides, still what the environment has done for us, in return we only have damaged and degraded it.

FAQs about Essay on Environment

Q.1 What is the true meaning of the environment?

A.1 The ecosystem that includes all the plants, animals, birds, reptiles, insects, water bodies, fishes, human beings, trees, microorganisms and many more are part of the environment. Besides, all these constitute the environment.

Q.2 What is the three types of the environment?

A.2 The three types of environment includes the physical, social, and cultural environment. Besides, various scientists have defined different types and numbers of environment.

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