Environment Of Business

1. Analyze the components of the business environment.
2. Apply environmental scanning techniques.
3. Evaluate the impact of political and legal factors.
4. Assess the role of economic forces.
5. Understand ethical and social responsibility issues.
6. Develop strategies for international business.

13 weeks, about 48 hours in total. Yours will differ.

1. Week 1Module 1: The Nature of Business Environment and Environmental Scanning

   • Unit 1: The nature of business environment · 3 hours

     Define the business environment and its components.. Distinguish between internal and external factors.. Analyze the roles of owners, directors, and employees.. Examine the physical work environment and organizational structure..

2. Week 2Module 1: The Nature of Business Environment and Environmental Scanning

   • Unit 2: The task environment · 3 hours

     Identify suppliers, distributors, customers, and competitors.. Analyze their impact on organizational performance.. Evaluate the effects of changing distribution methods.. Discuss the importance of customer satisfaction..

3. Week 3Module 1: The Nature of Business Environment and Environmental Scanning

   • Unit 3: Environmental Analysis · 3 hours

     Explain the meaning of environmental analysis and scanning.. Compare irregular, regular, and continuous scanning systems.. Apply techniques such as scenario planning and forecasting.. Understand the limitations of environmental analysis..

4. Week 4Module 2: The General/External Business Environment

   • Unit 4: Political Environment · 3 hours

     Describe political systems and their effects on business.. Explain the functions of government and their impact.. Analyze the electoral, party, and representative systems.. Discuss checks and balances in democracies..

5. Week 5Module 2: The General/External Business Environment

   • Unit 5: Legal Environment · 3 hours

     Identify types of laws and their sources.. Explain the legal system and its components.. Discuss business organizations and the law.. Understand contract law and agency..

6. Week 6Module 2: The General/External Business Environment

   • Unit 6: The Economic Environment · 3 hours

     Explain economic scarcity and alternative economic systems.. Illustrate income flows in a market economy.. Analyze the role of government in the macroeconomy.. Identify key international economic institutions..

7. Week 7Module 2: The General/External Business Environment

   • Unit 7: The Technological Forces · 3 hours

     Define technology and its impact on business.. Discuss information technology and its effects.. Explain the relationship between technology and investment.. Understand innovation and research and development..

8. Week 8Module 2: The General/External Business Environment

   • Unit 8: The Demographical Forces · 3 hours

     Explain the meaning of demography and its importance.. Analyze age and sex distribution of the population.. Discuss population change and its drivers.. Understand the social context and influences..

   • Unit 9: The Cultural Environment · 3 hours

     Explain the meaning of culture and its components.. Discuss sub-cultures and their impact.. Understand market segmentation and its application.. Analyze cultural differences..

9. Week 9Module 3: Ethics and Social Responsibility

   • Unit 10: Ethics · 3 hours

     Define ethics and its importance.. Discuss areas of managerial ethics.. Explain ethics in an organizational context.. Understand ethical behavior and decision-making..

10. Week 10Module 3: Ethics and Social Responsibility

    • Unit 11: Social Responsibility · 3 hours

      Explain the meaning of social responsibility.. Discuss areas of social responsibility.. Analyze arguments for and against social responsibility.. Understand organizational approaches to social responsibility..

11. Week 11Module 3: Ethics and Social Responsibility

    • Unit 12: Managing Social Responsibility · 3 hours

      Discuss formal organizational dimensions.. Explain informal organizational dimensions.. Understand ways of evaluating social responsibility..

12. Week 12Module 4: The International Business Environment

    • Unit 13: The nature of International Business · 3 hours

      Explain the meaning of international business.. Discuss stages of global organizations.. Understand the structure of the global economy..

    • Unit 14: Environmental challenges of international Business · 3 hours

      Explain the international economic environment.. Discuss the international political/legal environment.. Understand the international cultural environment..

13. Week 13Module 4: The International Business Environment

    • Unit 15: Global comparative management · 3 hours

      Explain factors influencing managing in Western countries.. Discuss management in Korean.. Understand management in Japan.. Analyze management in Germany..

    • Unit 16: Management challenges in a Global Environment · 3 hours

      Discuss planning in an international environment.. Explain organizing in an international environment.. Understand leading in an international environment.. Analyze controlling in an international environment..