Business Environment (Byte Size)
All organisations, whatever their size and whether in the public or private sector, operate in a constantly changing environment. As it changes, this business environment offers organisations the opportunities they need to develop and grow. It may, for example, offer new markets to exploit, new technology to develop new products and new processes, ideas on how to manage operations better, new sources of raw materials or new ventures with new partners. The changes also, however, may present threats to organisations. These may be new competitors, changing fashions and tastes, new technology making existing products and processes obsolete, changing terms of trade making imported inputs expensiv…
Frequently asked questions
All organisations, whatever their size and whether in the public or private sector, operate in a constantly changing environment. As it changes, this business environment offers organisations the opportunities they need to develop and grow. It may, for example, offer new markets to exploit, new technology to develop new products and new processes, ideas on how to manage operations better, new sources of raw materials or new ventures with new partners. The changes also, however, may present threats to organisations. These may be new competitors, changing fashions and tastes, new technology making existing products and processes obsolete, changing terms of trade making imported inputs expensive, and government policies changing the competitive or operating environment. The legal implications of what organisations do are extensive and varied; effectively, the legal infrastructure constrains their activities.
All successful organisations continually monitor the environment in which they operate, both formally and informally, in order at least to react to the changes taking place through reactive management. At best, organisations seek to anticipate and take advantage of changes through proactive management. Any actions need to match an organisation's basic philosophy and its resources and abilities. We look at how an organisation does this, but the first step is recognising what is happening in the environment and evaluating its importance.
After participating in this course, you should be able to:
- monitor changes to the business environment and appreciate their significance for an organisation
- identify potential environmental opportunities and threats for particular organisations
- describe the components of a PEST or STEEP analysis
- detail the structure of the social and demographic environment
- detail the structure of the economic environment
- identify relevant factors in the industrial environment
- assess the implications of government policies for an organisation
- identify relevant factors in the political environment, including the law, society and international trade
- identify significant technological developments driving organisational and competitive change.
Section 1: Environmental Opportunities and Threats
1.1 The organisation and its environment
1.2 Environmental analysis
Section 2: Social Environment
2.1 Demographics and organisations
2.2 Social structures and behaviour patterns
Section 3: Economic Environment
3.1 Macroeconomy and governments
3.2 Industrial environment
3.3 Changing economic policies
Section 4: Political Environment
4.1 Politics and power
4.2 International business environment
4.3 Environmentalism and social responsibility
Section 5: Technological Environment
5.1 The new industrial revolution
5.2 New products and processes
Course Review Activity
Tutor Marked Question Paper
On completion of your course, you will receive the dual award:
Award 1 is issued by Stonebridge Associated Colleges: Business Environment (Byte Size) Certificate
Business Environment (Byte Size) Certificate issued by Stonebridge Associated Colleges, to view a sample of the college’s award, please click here.
Requirements for Entry
There is no experience or previous qualifications required for enrolment on this course. It is available to all students, of all academic backgrounds.
In order to offer our students the most convenient and flexible distance learning courses, Stonebridge Associated College offers you the option to study for your course via two methods:
- 1. Via the traditional paper-based method.
- 2. Through the online method via ElearnUK.
If you do not have Internet access, or would prefer to study this course via the traditional paper/postal based study method, you can find more information on the course by clicking on the link below.
Studying by Post. If you would like to pay by instalments, we do offer an affordable interest free payment plan scheme which allows you to spread the cost of your course over a number of months. However, to use this option you will need to study for your course using the traditional paper-based method. For more information on our payment plans please visit our website at www.stonebridge.uk.com
The reason why the course fee is less if you choose to study online, is because with online study there are no costs associated with postage and printing etc. and thus we are able to offer the course at a reduced rate.
The total amount payable over the term's period, is no more than
the total cash price of the course.
(APR = 0%). Written quotations are available on request.
This is only an approximate figure and is dependant upon how much time you can dedicate to your studies and how well you grasp the learning concepts in the course material. Furthermore, at the end of each lesson there is a question paper that needs to be completed and returned to your tutor. You should allow at least 1 - 2 hours of study to complete each question paper.
The approximate amount of time required to complete the course is: 20 hrs.