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Summary Business Environments and Strategies Notes IEB/DBE Business Studies

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This set of notes cover the IEB/DBE topic of Environments and Strategies. They include pictures and are in-depth notes. These will be a sufficient source to study this section and prepare for your final Business Studies Exam. Note: These notes are recommended for IEB students - as some information may be left out for DBE. Happy Studying! :)

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Business
Environments
IEB Business Studies


Nicola Waite [Course title]

, Nicola Waite Business Studies May 2021




BUSINESS ENVIRONMENTS
Summaries of the Environments:

THE MACRO ENVIRONMENT (external, little control)
• Analysed with a SWOT analysis or using PESTLE(EP) analysis
1. POLITICAL
2. ECONOMIC
3. SOCIAL
4. TECHNOLOGICAL
5. LEGAL
6. ETHICAL
7. ENVIRONMENTAL
8. PHYSICAL

THE MARKET ENVIRONMENT (external, some control)
• Analysed with a SWOT or using the Porters 6 Forces model
1. COMPETITORS
2. CONSUMERS
3. SUPPLIERS
4. INDUSTRY REGULATORS
5. STRATEGIC ALLIANCES
6. TRADE UNIONS
7. NGOS
8. CBOS
9. EMPLOYER ORGS
10. INTERMEDIARIES
11. OTHER


THE MICRO ENVIRONMENT (internal, most control)
The internal factors that will influence the performance of the business.
Business has the most control in this environment, but never absolute control, as
there are always other variables such as personalities of employees, stock
becoming obsolete, etc…




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Connected book
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Karen Borrington, Peter Stimpson Cambridge IGCSE and O Level Business Studies 5th edition
Publisher: 2018 ISBN: 9781510420090 Edition: Unknown

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Business environments and strategies
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Browse related subjects

Subjects

  • macro
  • environment
  • market
  • micro
  • environmental scanning
  • swot analysis
  • porters 6 forces model
  • pestle analysis
  • strategies
  • corporate stra
  • changes in the environments
  • adapting to changes in the environments

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