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Identify the future of business environment …

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Identify the future of business environment from following Statment: 1. It is very difficult to predict future happenings, especially when environment change are talking place too frequently 2. business environment keep on changing whether in terms of technological improvement, shift in consumer preferences or entry of new competition in the market 3. Business environment is aggregative in nature as it is sum total of all things external to business firms 4. Business environment differs from country to country and even region to region. 5. Business environment have a some forces which effect business firms directly but some factors affect them indirectly 6. Business environment is easy to understand in part separately but it is difficult to understand in totality. 7. All the forces/factors of a business environment are closely linked and get affected by each other 8. Demand for sareesay be high in India but almost negligible in Europe 9. Increase in literacy rate (social experiment) lead to increase in demand for books and stationery (economic environment
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Amrit Kumar 10 months, 3 weeks ago

It enables the firm to identify opportunities and getting the first mover advantage instead of losing them to its competitors. It helps the firm to identify threats and early warning signals which are likely to hinder a firm’s performance and take timely actions.
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