Purchase Solution

interaction of business environments on evolution of business theories

Not what you're looking for?

Ask Custom Question

The assignment is a final simulation project, requiring students to assess the interaction of all business environments and their effects on the ongoing evolution of business theories.

Purchase this Solution
Solution Summary

The following problem helps with a simulation problem regarding business environments and their effects on the ongoing evolution of business theories.

Solution Preview

Introduction

The business environment is a mix of several internal and external elements that directly affect the business process of an organization. Business environment can be dynamic, interdependent, uncertain, media of social change etc. that have various effects on a business (Kaschek, 2008). It is divided into two categories such as macro environment as well as a micro environment that can help a firm to make economic development and provide a way to reach the society. In this paper, there will be a discussion of the concept of the business environment to evaluate the interaction of all environmental factors with business. At the same time, several effects of interaction of all business environments on the evolution of different business theories will also be discussed.

Evaluation of Business Environments

In this context, micro environment describes the relationship between the firm and various driving forces that are assessed by conducting Porter's five force analysis of the industry. By using PESTLE analysis, macro business environment, as well as their effects on business environment, can be assessed (Allen, 2001). The business environment contains different types of environments such as political, economic, social, technological environment etc. that has positive and negative effects on the overall business environment within a country.

In this context, evaluation of different business environments by conducting close and continuous interaction between business and various environmental forces help to identify opportunities and threats to a business in the country. All the macro environmental factors have interaction between each other that creates changes in traditional business theories (Keim & Hillman, 2008). In addition, political as well as economic factors are connected to each other due to impacts of changes in the political environment on the economic condition of a country that affects economic or business development.

At the same time, technological factors or forces such as availability of advanced technologies, ...

Purchase this Solution
Free BrainMass Quizzes
Six Sigma for Process Improvement

A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.

Academic Reading and Writing: Critical Thinking

Importance of Critical Thinking

Social Media: Pinterest

This quiz introduces basic concepts of Pinterest social media

Understanding the Accounting Equation

These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.

Organizational Leadership Quiz

This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.

View More Free Quizzes
Related BrainMass Solutions

  • Article on Diversity and Human Capital

    The interactions generate new patterns of mutually beneficial relations among heterogeneous elements. There is evolution through interaction.

  • Climate Effects on Human Evolution

    The evolution of human skin coloration. Journal of Human Evolution. 39, 57-106. Smithsonian Institute. (2012). Climate Effects on Human Evolution. National Museum of Natural History.

  • Evolution

    analysis of the theory of biological abrupt appearance, see Volume I of "The Origin of Species Revisited: The Generally speaking, theories of abrupt appearance postulate that scientific data on origins can be explained through "discontinuous abrupt

  • concept of collaboration

    We believe companies will increasingly scrutinize internal and external business interactions for two factors: the degree to which the process depends on person-to-person collaboration, and the efficiency of the interaction.

  • Applying Ethical Theory to Human Resource Practices

    Running Head: BUSINESS ETHICAL THEORIES AND HUMAN RESOURCE PRACTICES Business Ethical Theories and Human Resource Practices Business Ethics and HR Practices at Global Level As the world has entered into the new millennium and the business practices

  • Theories of Rotter and Mischel

    He argues that "human behavior is based largely on the interaction of people with their meaningful environments.

  • Theories of Human Development

    An Introduction to Theories of Human Development. Sage Lerner R. (2001). Concepts and Theories of Human Development. Taylor and Francis Thomas, R.M. (1999). Human Development Theories: Windows on Culture.

  • Leadership Theories: The Evolution of Context

    Reflect on the challenges of developing contextual theories of leadership and how you think that these challenges can be met. Leadership Theories: The Evolution of Context What is Context?

  • Theories widely accepted in the scientific community

    The current theory of gravity, as a force attributed to masses pulling on each other, is widely accepted as present and due to curvature of space and time, an extension of Einstein's theory of general relativity.

View More Related Solutions