LOCAL AND INTERNATIONAL BUSS. ENVIRONMENT .pptx

local business environment

1. LOCAL BUSINESS ENVIRONMENT

2. . The Philippine business environment is influenced by a lot of factors both in the microenvironment and macroenvironment. These factors all combine to create a unique business environment to which companies and organizations must adapt in order to become successful. One major consideration for Philippine businesses is the weather.

3. Any adverse weather phenomena, such as typhoons and droughts, may result in the loss of crops which leads to an increase in food prices. Natural disasters such as earthquakes can bring about disruptions in businesses and industries due to property damage and casualties.

4. Aspects of Philippine culture should also be considered by businesses especially when they endeavor to provide products and services in the market. Certain local products, such as native cuisine and handicrafts, may have a strong market in certain areas but may perform weakly in other places in the country. Businesses who wish to bring foreign products into our local market should also be mindful whether these products are acceptable in Philippine culture. Filipinos are often inclined to purchase or patronize Western products, particularly American brands, as evidenced by the popularity of American-made products and services. Other businesses, however, appeal to local sentiments and preferences by featuring local products that use local ingredients or materials .

5. Business opportunities and threats should also be considered in the local environment. At present several BPO companies operating in the Philippines take advantage of the cheap operating and labor costs, as well as the highly skilled workforce among Filipinos. They have reaped much profit from their operations in the Philippines, about 15 billion dollars as of 2013. The industry, in turn, has also greatly contributed to the ye to growth of the Philippine economy. As of 2013, BPO companies have contributed about 5% of the Philippine GDP, and employed almost one million Filipinos.

6. HUMANISM Reported by: Angie T. Verzosa

7. .KNOW YOUR JARGON Externality -a samohiro consequence of any economic activity which affects unrelated third parties . Inflation - an increase am in the prices of goods and a decrease in the purchasing value of money Quotas -restrictions in international trade by limiting the number of exports or imports in a country for a certain period. Tariffs -taxes to be paid in a particular St on import or export transaction

8. INTERNATIONAL BUSINESS ENVIRONMENT

9. The international environment also consists of the political, economic, social, and technological environmental forces. These must be considered when a company decides to expand its business overseas, as different countries provide a variety of opportunities and threats for the business.

10. A company operating with international branches should take note of the political environment, particularly the stability of the government of the country where it operates. Different countries have different trade laws and policies. Taxes, quotas, tariffs, and other trade regulations can affect a company's operations so it is important to monitor the changes in these laws in the country concerned. Copyright laws and patents may also differ from country to country.

11. Many international companies take advantage of lax labor laws in certain countries like China. Other companies take advantage of tax and trade exemptions offered by certain countries. The Philippines, for instance, has established free trade and export zones in Clark,

12. Companies should also consider the economic environment of the country such as presence of infrastructures that support economic activities. Railroads, ports, power plants, schools, commercial establishments, markets, utilities, and communication systems should be evaluated. A country may offer a huge market, but its infrastructure may be less than ideal for business operations. Additionally, companies should also consider the average income of the population. A product may be popular in a certain country, but the general financial situation of the people may prevent potential profitability.

13. The social environment includes cultural differences. Companies entering the international market should learn the proper cultural practices and taboos. Taboos are social or religious customs that prohibit, for example, discussion of a particular practice or association with a particular person, place, or thing. In Japan the Japanese observe a strong group orientation while in Arab countries, women are not given management positions. There are also language differences so managers should understand the colloquial meanings of words when translated in other languages. Misinterpretations may occur if managers are not careful with the use of language. Rewards and punishments given to employees should be carefully studied since people across the world have different and particular methods of motivation depending on their cultural

14. Lastly, a company should also consider the technological factors in the conduct of international business. It should ensure the compatibility of the available local technology with the technology it employs in its operations. A company should also ensure that the country has an available workforce that is sufficiently competent to handle the technologies that the venturing company will introduce. The potential benefits and harm that might result from the introduction of technologies should also be taken into account.

15. The goal of humanistic education is to contribute to the development of energetic, positive, self-respecting, caring human beings who can meet all challenges.  The approach seeks to engage the whole person: the intellect, feeling life, social capacities, artistic and practical skills are all important focuses for growth and development. Important objectives include developing children's self-esteem, ability to set and achieve appropriate goals, and development toward full autonomy. 

16. Thank You For Listening…