Different forces of business environment are interrelated to each other.pptx

ppt

1. How are the different forces of business environment are interrelated to each other Done by: Kishore Kumar G AB23MBA043

2. Different forces of Business Environment are interrelated to each other Complex relationships Internal and external factors Dynamic interactions Informed decision-making Adaptability and competitiveness

3. 1. Complex Relationship Highlights the intricate connections and dependencies that exist within the business environment Relationships can be between various internal and its external factors Essential for effective management and decision-making .

4. 2 . Internal and External Factors Encompasses both internal and external factors Internal factors refer to the elements within the organization External factors refer to the elements outside the organization

5. 3. Dynamic Interaction Relationships between different factors are not static but evolve over time. Changes in one factor can trigger a chain reaction of effects on other elements . For example : A shift in consumer preferences

6. 4 . Informed Decision Making: Interrelatedness of the business environment is essential for making informed decisions . By analyzing they can go with different courses of action

7. 5. Adaptability and Competitiveness: Proactively respond to changes and take advantage of emerging opportunities . By continuously monitoring the dynamic interactions and adjusting their strategies and operations

8. Thank You