Bus Management.

The designer of Sies!isablle(fashion brand) has asked us to identify and discuss the different sub-enviroment that have an influence on her business that will also help improve her business.Here is our explanation on how to help her understand the business environment and to help her improve her business.

Macro-enviroment is an external environment that is the most influencial in the threat and opportunaties in a business.
This consists of the following distinct components and variables:
*Physical environment – it consists of all natural resources as a wealth exp. Development in community and infrastructure
*International environment – whereby all foreign and local trends effect business and market environment
*Technological environment – where there’s always development/improvement in change and innovation
*Economic environment – factors such as exchange rates,recession and inflation influences the success of the business
*Social environment – the different cultures have certain demands on organisation,particulary through consumerism.

Characteristics of business environment
*There’s interrelatedness of the environment factors – a change in the external factors may be the reason of change in the micro environment.This may result in economic change including interest rates.It may lead to technological problems and consequently broker and company can loose revenue.
*Increasing instability and change – it is a sense of independence in a community.Although the general rate changes the flunctuation is greater for some industries than others.
*Enviromental uncertainty/not predictable – it depends on the inflation or statistic of the environment.If the statistic is uncertain the uncertainty of management about the environment will increase.
*Complexity of the environment – the number of external variables to wich a business will have to respond.
These characteristics are important to understand as it will help understand the environment and management...