Enterprise and its Environment (1) (Herriot-Watt University) PDF
Preview Enterprise and its Environment (1) (Herriot-Watt University)
PEARSON CUSTOM PUBLISHING Enterprise and its Environment (1) c17Eb hEriot watt E n t e r p r i s e a n d i t s E n v i r o n m e n t 1 A01_MCGI9311_01_CUS_PR.indd 1 13/07/2012 14:40 PEARSON CUSTOM PUBLISHING E n t e r p r i s e a n d i t s E n v i r o n m e n t 1 We work with leading authors to develop the strongest learning Compiled from: experiences, bringing cutting-edge thinking and best learning practice to a global market. We craft our print and digital resources to do more to help learners not only understand The Business Environment their content, but to see it in action and apply what they learn, Sixth Edition whether studying or at work. by Ian Worthington and Chris Britton Pearson is the world’s leading learning company. Our portfolio includes Penguin, Dorling Kindersley, the Financial Times and Understanding the Business Environment our educational business, Pearson International. We are also a Third Edition leading provider of electronic learning programmes and of test development, processing and scoring services to educational by Claire Capon institutions, corporations and professional bodies around the world. The International Business Environment: Pearson Custom Publishing enables our customers to access a Challenges And Changes wide and expanding range of market-leading content from world- Second Edition renowned authors and develop their own tailor-made book. You by Ian Brooks, JamieWeatherston and GrahamWilkinson choose the content that meets your needs and Pearson Custom Publishing produces a high-quality printed book. Managing in a Business Context: An HR Approach Every day our work helps learning fl ourish, and wherever learning fl ourishes, so do people. First Edition by Huw Morris, Brian Willey and Sanjiv Sachdev To learn more please visit us at: www.pearsoncustom.co.uk Exploring Strategy Ninth Edition by Gerry Johnson, Richard Whittington and Kevan Scholes Harlow, England • London • New York • Boston • San Francisco • Toronto • Sydney • Auckland • Singapore • Hong Kong Tokyo • Seoul • Taipei • New Delhi • Cape Town • Sao Paulo • Mexico City • Madrid • Amsterdam • Munich • Paris • Milan A01_MCGI9311_01_CUS_PR.indd 2 13/07/2012 14:40 PEARSON CUSTOM PUBLISHING E n t e r p r i s e a n d i t s E n v i r o n m e n t 1 We work with leading authors to develop the strongest learning Compiled from: experiences, bringing cutting-edge thinking and best learning practice to a global market. We craft our print and digital resources to do more to help learners not only understand The Business Environment their content, but to see it in action and apply what they learn, Sixth Edition whether studying or at work. by Ian Worthington and Chris Britton Pearson is the world’s leading learning company. Our portfolio includes Penguin, Dorling Kindersley, the Financial Times and Understanding the Business Environment our educational business, Pearson International. We are also a Third Edition leading provider of electronic learning programmes and of test development, processing and scoring services to educational by Claire Capon institutions, corporations and professional bodies around the world. The International Business Environment: Pearson Custom Publishing enables our customers to access a Challenges And Changes wide and expanding range of market-leading content from world- Second Edition renowned authors and develop their own tailor-made book. You by Ian Brooks, JamieWeatherston and GrahamWilkinson choose the content that meets your needs and Pearson Custom Publishing produces a high-quality printed book. Managing in a Business Context: An HR Approach Every day our work helps learning fl ourish, and wherever learning fl ourishes, so do people. First Edition by Huw Morris, Brian Willey and Sanjiv Sachdev To learn more please visit us at: www.pearsoncustom.co.uk Exploring Strategy Ninth Edition by Gerry Johnson, Richard Whittington and Kevan Scholes Harlow, England • London • New York • Boston • San Francisco • Toronto • Sydney • Auckland • Singapore • Hong Kong Tokyo • Seoul • Taipei • New Delhi • Cape Town • Sao Paulo • Mexico City • Madrid • Amsterdam • Munich • Paris • Milan A01_MCGI9311_01_CUS_PR.indd 3 13/07/2012 14:40 C O N T E N T S Pearson Education Limited Edinburgh Gate Harlow Essex CM20 2JE Chapter 1 Business Organisations: the External Environment 1 And associated companies throughout the world Visit us on the World Wide Web at: Chapter 1 from The Business Environment, Sixth Edition www.pearsoned.co.uk by Ian Worthington and Chris Britton This Custom Book Edition © Pearson Education Limited 2012 Chapter 2 The External Environment 17 Compiled from: Chapter 1 from Understanding the Business Environment, Third Edition The Business Environment, Sixth Edition by Claire Capon by Ian Worthington and Chris Britton ISBN 978 0 27371 675 4 Chapter 3 Strategy and the Changing Environment 33 © Ian Worthington and Chris Britton 1994, 1997, 2000, 2003, 2006, 2009 Chapter 18 from The Business Environment, Sixth Edition Understanding the Business Environment, Third Edition by Ian Worthington and Chris Britton by Claire Capon ISBN 978 0 27370 814 8 Chapter 4 The Composition of the External Environment 63 © Pearson Education Limited 2009 The International Business Environment: Challenges And Changes, Second Edition Chapter 2 from Understanding the Business Environment, Third Edition by Ian Brooks, JamieWeatherston and GrahamWilkinson by Claire Capon ISBN 978 0 273 72566 4 © Pearson Education Limited 2004, 2011 Chapter 5 The Global Context of Business 117 Managing in a Business Context: An HR Approach, First Edition Chapter 3 from The Business Environment, Sixth Edition by Huw Morris, Brian Willey and Sanjiv Sachdev ISBN 978 0 273 65174 1 by Ian Worthington and Chris Britton © Pearson Education Limited 2002 Chapter 6 Gobalisation, Challenges and Changes 133 Exploring Strategy, Ninth Edition by Gerry Johnson, Richard Whittington and Kevan Scholes Chapter 9 from The International Business Environment: Challenges And Changes ISBN 978 0 273 73549 6 by Ian Brooks, JamieWeatherston and GrahamWilkinson © Simon & Schuster Europe Limited 1998 © Pearson Education 2002, 2011 Chapter 7 The Political Environment 165 All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, Chapter 4 from The Business Environment, Sixth Edition mechanical, photocopying, recording or otherwise, without either the prior by Ian Worthington and Chris Britton written permission of the publisher or a licence permitting restricted copying in the United Kingdom issued by the Licensing Agency Ltd, Saffron House, 6–10 Chapter 8 The Macroeconomic Environment 207 Kirby Street, London EC1N 8TS. Chapter 5 from The Business Environment, Sixth Edition ISBN 978 1 78134 931 1 by Ian Worthington and Chris Britton Printed and bound by CPI Group (UK) Ltd, Croydon, CR0 4YY A01_MCGI9311_01_CUS_PR.indd 4 13/07/2012 14:40 C O N T E N T S Pearson Education Limited Edinburgh Gate Harlow Essex CM20 2JE Chapter 1 Business Organisations: the External Environment 1 And associated companies throughout the world Visit us on the World Wide Web at: Chapter 1 from The Business Environment, Sixth Edition www.pearsoned.co.uk by Ian Worthington and Chris Britton This Custom Book Edition © Pearson Education Limited 2012 Chapter 2 The External Environment 17 Compiled from: Chapter 1 from Understanding the Business Environment, Third Edition The Business Environment, Sixth Edition by Claire Capon by Ian Worthington and Chris Britton ISBN 978 0 27371 675 4 Chapter 3 Strategy and the Changing Environment 33 © Ian Worthington and Chris Britton 1994, 1997, 2000, 2003, 2006, 2009 Chapter 18 from The Business Environment, Sixth Edition Understanding the Business Environment, Third Edition by Ian Worthington and Chris Britton by Claire Capon ISBN 978 0 27370 814 8 Chapter 4 The Composition of the External Environment 63 © Pearson Education Limited 2009 The International Business Environment: Challenges And Changes, Second Edition Chapter 2 from Understanding the Business Environment, Third Edition by Ian Brooks, JamieWeatherston and GrahamWilkinson by Claire Capon ISBN 978 0 273 72566 4 © Pearson Education Limited 2004, 2011 Chapter 5 The Global Context of Business 117 Managing in a Business Context: An HR Approach, First Edition Chapter 3 from The Business Environment, Sixth Edition by Huw Morris, Brian Willey and Sanjiv Sachdev ISBN 978 0 273 65174 1 by Ian Worthington and Chris Britton © Pearson Education Limited 2002 Chapter 6 Gobalisation, Challenges and Changes 133 Exploring Strategy, Ninth Edition by Gerry Johnson, Richard Whittington and Kevan Scholes Chapter 9 from The International Business Environment: Challenges And Changes ISBN 978 0 273 73549 6 by Ian Brooks, JamieWeatherston and GrahamWilkinson © Simon & Schuster Europe Limited 1998 © Pearson Education 2002, 2011 Chapter 7 The Political Environment 165 All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, Chapter 4 from The Business Environment, Sixth Edition mechanical, photocopying, recording or otherwise, without either the prior by Ian Worthington and Chris Britton written permission of the publisher or a licence permitting restricted copying in the United Kingdom issued by the Licensing Agency Ltd, Saffron House, 6–10 Chapter 8 The Macroeconomic Environment 207 Kirby Street, London EC1N 8TS. Chapter 5 from The Business Environment, Sixth Edition ISBN 978 1 78134 931 1 by Ian Worthington and Chris Britton Printed and bound by CPI Group (UK) Ltd, Croydon, CR0 4YY A01_MCGI9311_01_CUS_PR.indd 5 13/07/2012 14:40 Chapter 9 The Market System 247 Chapter 14 from The Business Environment, Sixth Edition by Ian Worthington and Chris Britton Chapter 10 The Demographic, Social and Cultural Context of Business 273 Chapter 6 from The Business Environment, Sixth Edition by Ian Worthington and Chris Britton Chapter 11 Technology 301 Chapter 6 from Managing in a Business Context: An HR Approach, First Edition by Huw Morris, Brian Willey and Sanjiv Sachdev Chapter 12 The Technologial Environment 331 Chapter 4 from The International Business Environment: Challenges And Changes by Ian Brooks, JamieWeatherston and GrahamWilkinson Chapter 13 The Ethical and Ecological Environment 369 Chapter 9 from The Business Environment, Sixth Edition by Ian Worthington and Chris Britton Chapter 14 Ethics 393 Chapter 12 from Understanding the Business Environment, Third Edition by Claire Capon Chapter 15 CSR 407 Chapter 4 (part 4.4 only) from Exploring Strategy, Ninth Edition by Gerry Johnson, Richard Whittington and Kevan Scholes Chapter 16 The Legal Environment 415 Chapter 8 from The International Business Environment: Challenges And Changes by Ian Brooks, JamieWeatherston and GrahamWilkinson Index 459 A01_MCGI9311_01_CUS_PR.indd 6 13/07/2012 14:40 CC hh aa pp tt ee rr oo nn ee BBuussiinneessss oorrggaanniissaattiioonnss:: tthhee eexxtteerrnnaall eennvviirroonnmmeenntt M970811_7M8C13G4I99331111__T0i1tl_eCPUagSe_sC.i0n1d.din d 1d 1 1036//0077//22001122 1146::4000 M01_WORT6754_06_SE_C01.QXD:BUEN_CO1 7/5/09 13:06 Page 3 3 1 Business organisations: the external environment Ian Worthington Businessorganisationsdifferinmanyways,buttheyalsohaveacommon feature:thetransformationofinputsintooutput.Thistransformationprocess takesplaceagainstabackgroundofexternalinfluenceswhichaffectthefirm anditsactivities.Thisexternalenvironmentiscomplex,volatileandinteractive, butitcannotbeignoredinanymeaningfulanalysisofbusinessactivity. Learning Havingreadthischapteryoushouldbeableto: outcomes (cid:31) indicatethebasicfeaturesofbusinessactivity (cid:31) portraythebusinessorganisationasasysteminteractingwithitsenvironment (cid:31) demonstratetherangeandcomplexityoftheexternalinfluencesonbusiness activity (cid:31) identifythecentralthemesinherentinthestudyofthebusinessenvironment Key terms Environmentalchange Immediate(oroperational) Outputs Externalenvironment environment PESTLEanalysis General(orcontextual) Inputs Transformationsystem environment Opensystem M01_MCGI9311_01_CUS_C01.indd 2 13/07/2012 14:40 M01_WORT6754_06_SE_C01.QXD:BUEN_CO1 7/5/09 13:06 Page 3 3 1 Business organisations: the external environment Ian Worthington Businessorganisationsdifferinmanyways,buttheyalsohaveacommon feature:thetransformationofinputsintooutput.Thistransformationprocess takesplaceagainstabackgroundofexternalinfluenceswhichaffectthefirm anditsactivities.Thisexternalenvironmentiscomplex,volatileandinteractive, butitcannotbeignoredinanymeaningfulanalysisofbusinessactivity. Learning Havingreadthischapteryoushouldbeableto: outcomes (cid:31) indicatethebasicfeaturesofbusinessactivity (cid:31) portraythebusinessorganisationasasysteminteractingwithitsenvironment (cid:31) demonstratetherangeandcomplexityoftheexternalinfluencesonbusiness activity (cid:31) identifythecentralthemesinherentinthestudyofthebusinessenvironment Key terms Environmentalchange Immediate(oroperational) Outputs Externalenvironment environment PESTLEanalysis General(orcontextual) Inputs Transformationsystem environment Opensystem M01_MCGI9311_01_CUS_C01.indd 3 13/07/2012 14:40
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