Read more about Business
The business environment encompasses various components such as customer demands, supply, management, clients, suppliers, owners, government actions, technological innovation, social trends, market trends, economic changes e.t.c. It is important to note that all of these components have an impact directly and indirectly on how business functions and even determines the longevity of a business, and is altered by them as well. Being a business owner means that you have to monitor how these components and factors affect your business as well as develop methods for overcoming these challenges. A business environment can be classified into internal and external environment, where internal business environment refers to things such as products, organizational culture, manufacturing quality, value system, bad resource, poor staff quality, external business environment on the other hand refers to factors which may affect business growth, and are independent of the workings of a specific organization.
Sign up to the Connect Nigeria daily newsletter
HOW BUSINESS ENVIRONMENT AFFECTS SMALL BUSINESSES
- Political Factors
- Economic Factors
- Legal Factors
- Taxation
- Tariffs
- Employment law
- Import restrictions
- Intellectual property law
- Social factors
Got a suggestion? Contact us: editor@connectnigeria.com
You might also like:
- How To Market Your T-shirt Business Offline
- Consumer Technology: Smartphone Penetration in Nigeria
- 10 Tips for Starting a Dropshipping Business in Nigeria
- Tips for Managing Your Business’s Financial Records
You’re so cool! I do not suppose I’ve read through something like this before.
So nice to find someone with a few original thoughts on this subject matter.
Really.. many thanks for starting this up. This site is one thing that
is needed on the internet, someone with a little originality!
I have to thank you for the efforts you have put in writing this site.
I really hope to check out the same high-grade content from you in the future as well.
In fact, your creative writing abilities has encouraged me to get my own blog
now 😉
My web site special
Hey there, I think your site might be having browser compatibility issues.
When I look at your blog in Ie, it looks fine but when opening in Internet Explorer, it has some
overlapping. I just wanted to give you a quick heads up!
Other then that, awesome blog!
Also visit my blog post tracfone special