DD: Business Environment
Crossposted from Ditzy Derivatives here . Business: An organized activity to achieve certain predetermined goals. Predetermined goals of business can include: Making profit Important position in society Supply of goods and services Creation of job opportunities Offering better quality of life Contributing to the economic growth of society Change is an important part of business, and the success of every business depends on adaptation . Specific and general forces affect enterprises - the former (investors, customers, competitors) affect the day to day functioning of enterprises, whereas the latter (sociopolitical conditions, laws) are common to all enterprises and are probably indirect in nature. First mover advantage: early recognition of opportunities Threat identification: corrective and improvement measures to survive competition. Adaptability : coping with rapid changes caused by the dynamic natur...