business environment may be defined as a set of conditions – social, legal, economical, political or institutional that is absolutely controllable in nature and affects the functioning of organization.
an organization’s internal environment is composed of the elements within the organization, including current employees, management, and especially corporate culture.
external factors can also affect a company’s business environment and the business has more control over these factors.
the elements that make up the internal environment include organizational mission statement, company policy, formal structure, organizational culture, organizational climates, resources, managerial philosophies, and managerial leadership styles.
the process by which organizations monitor their environments and identify the opportunities and threats affecting their business is known as environmental watching.
the only form of entrepreneurship is starting new businesses.
successful entrepreneurship depends on many factors. of primary importance is money.
even today, there is no widely accepted definition of entrepreneur and entrepreneurship.
in general, entrepreneurs should search for ways to delegate some of their leadership tasks rather than their management tasks.
management of an entrepreneurial organization requires policies that encourage innovation and rewards those who innovate.
your notes should include： 1. the definition of terms; 2. factors included in every aspect; 3. relations between these aspects; 4. language points: terms and sentence structures.
there is no correct corporate culture for all organizations.
in normative culture, every employee tries hard to satisfy his clients.
when leaders motivate by making rewards on performance, the corporate culture tends to be people-oriented.
a company's culture is inevitably linked with the personality, background, and values of its founder(s).
corporate culture is the collective behavior of people that are part of an organization, it is also formed by the organization values, visions, norms, working language, systems, and symbols, and it includes beliefs and habits.
the values of a corporate culture can only influence the top managers' behaviors.
a strong corporate culture exists where staff respond to stimulus because of their respect to organizational values.conversely, there is weak culture where there is little respect to organizational values and strict control must be exercised.
national culture is the values and attitudes shared by iniduals from a specific country. it has no influence on the corporate culture.
corporate culture may impact the level of employee creativity and the strength of employee motivation.
the basic principle to make money is to adopt the right approach.
business is all about tricks, win-lose deals, and dishonesty.
one key to a successful enterprise is to satisfy people's needs.
a new and all company should not compete with the big companies on the issue of price.
compared with other forms of structure, sole proprietorship has to shoulder heavier tax burden.
a partnership must consist of three or more iniduals who co-own the business.
owners of a corporation are known as shareholders.
a franchisee is granted to a certain level of independence to conduct the business operation.
before you register a business name and get your license, you'd better check with the local administration of industry and commerce to make sure the name you chose is not already taken.
once you have raised the money to start or expand your business, you don't need to have a business plan any longer.
organizational structures should be shaped and implemented for the primary purpose of making more money for the company.
employees within a functional department of an organization tend to perform a specialized set of tasks, for instance, the engineering department would be staffed only with engineers.
the virtual structure is a special form of boundaryless organization. a virtual organization does not physically exist, but enabled by software to exist.
there is one structure, set of systems, or method of staffing that is appropriate for all organizations.
the formal organization is the network of social interactions among its employees.the informal organizations can be seen and represented in chart form.
there are two broad categorizations of recruitment: internal recruitment and external recruitment.
recruitment at schools and universities is most appropriate when the vacant positions are high level like senior management positions.
employment agencies or executive recruiters are sometimes simply known as “head hunters” and their main job includes searching for the right candidate to fill a vacant position existing in a firm.
training should be limited to new employees only.
there are two primary training approaches which organizations may adopt in respect to new employee: on-the-job training and off-the-job training.
in economics, production just means the manufacturing of physical goods with exchange value. it doesn't include the provision of services.
the basic factors of production in an economy include labor, capital, and natural resources.
products generally fall into two categories: consumer products and industrial products.
the first stage in the new product development process is idea generation. in this stage a company is basically involved in the systematic search for new product ideas within the company.
a product life cycle refers to the time period of producing a product from beginning to end.
marketing involves selling products and services, but that doesn’t mean marketing is limited to sales activities.
an organization’s marketing and selling activities should be carried out under a well-thought-out philosophy of efficiency, effectiveness, and socially responsibility, which is just the concept of marketing.
the marketing mix is the set of ideas that the firm has in doing its marketing.
the function of marketing is only about selling and buying of products or services.
market segmentation is the process of iding a broad consumer or business market into sub-groups of consumers.
as the economy develops and businesen have been exerting ever-growing influence, more and more people demand businesses to behave more ethically and become more responsible toward the society.
the objective of corporate social responsibility is to encourage actions that promote activities that have a positive impact on employees, stakeholders, clients and the environment.
social responsibility is very important to the short-term business success.
for a business to be socially responsible it means that the business is conscious of the environment in which it operates.
a company can shoulder its social responsibility in different ways, such as giving fair wages to workers, sponsoring sporting events, or helping the public solve common problems.
consumers should know about the practices of the companies whose their products they buy most often.
electronic business is commonly referred to as e-business, or an internet business. it may be defined as the application of information and communication technologies (ict) in support of all the activities of business.
e-business is nothing but buying and selling of goods on the web.e-commerce is a little different as it is not limited to commercial transactions, but it also provides other services.
click-and-click retailers are those e-business companies that sell products only via the website.
brick-and-click retailers are those companies that sell products both via a web site and via a physical store.
a website following b2b business model sells its product directly to a customer.
as the technology gets more advanced, less expensive and more available, it has become even cheaper to start a business on line.
the success of an e-business depends largely on the success of the delivery channel partner.
even today the security problem is still one of the biggest concerns for both buyers and sellers in online shopping.
the type of website an e-business company builds only depends on its budget.
eventually, every business has to adopt e-business practices in order to ensure survival and success, be it partially or completely.
national culture is the values and attitudes shared by iniduals from a specific ______.
______are the resources available to an economy for the production of goods and services.
when buying ______ consumers often do a lot of comparison based on cost, brand, and style.
______ is to obtain the information about the current market situation and future perspectives.
all of the following are elements in a marketing mix except ______ .
which type of organizational structure can be categorized based on different products?
________ is the effort or inclination to increase the well-being of humankind, as by charitable aid or donations.
which is the advantage of external recruitment?
_________ commonly referred to as “ebusiness” or “e-business”, or an internet business, may be defined as the application of information and communication technologies (ict) in support of all the activities of business.
________ environment includes factors like economic conditions of public, economic policies of the country, and economic system.
entrepreneurship is characterized by ______ solutions to old or overlooked problems.
in the four stages of a product life cycle, ie. ①market growth, ②market introduction, ③market decline, and ④market maturity, what is the proper order?
______ is a fee that a person pays to operate a franchise branch of a larger company and enjoy the profits therefrom.
______ basically seeks to find new employees through consultation with existing employees.
one way for a business to give back to the stakeholders is to participate social activities, including all the following except______.
what is the advantage of e-business?
_____ is the total sum of the values, customs, traditions, and meanings that make a company unique.