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Constituents Of Business envo.
Transcript of Constituents Of Business envo.
Chaitrali Walawalkar Areas Of Social Responsibilities Of Business -Amit Patil Social And Cultural Environment -Pranav Nanekar Competitive Strategies -Prashant Singh Michael Porter,Bishop William Lawrence University Professor at Harvard School Of Business. A leading authority on company strategy and competitiveness of country's and region.
He is the author of 18 books , one consisting of "Competitive Strategy:Techniques for Analyzing Industries and Competitors".
Book describes the 3 strategies generally applied by firms to survive in competitive business environment:-
a. Cost Leadership Strategy
b. Differentiation Strategy
c. Focus strategy CONSTITUENTS OF BUSINESS ENVIRONMENT-2 Presented By:-
Pranav Nanekar 7203
Amit Patil 7213
Ruhi Rakhe 7223
Chaitali Sawardekar 7233
Prashant Singh 7243
Shwetal Tayade 7253
Chaitrali Walawalkar 7263 -FYBMS BATCH-B Cost Leadership Strategy An attempt of a company to gain an advantage by reducing its cost of production compared to its competitors is known as cost-leadership strategy.
b. Mc Donald's
d. Southwest airlines Differentiation Strategy A strategy that calls for the development of a product or service that offers unique attributes which are not offered by the competitors. EXAMPLE :-
WATER SAVER JEANS BY (SHOW YOUR GREEN INSIDE) FOCUS STRATEGY The Focus strategy concentrates on a small segment and attempts to achieve either a cost advantage or differentiation. EXAMPLE:- CONCLUSION This is how the constituents of business environment works taking the phase of business from many ups and downs thus giving it either a strong "GOODWILL" to survive or showing the doors to "SHUTDOWN"
All this depends upon the business firm's capacity to survive and ability to take decisions and adapt to changing competitive environment thus giving rise to the above "Constituents".
"DREAM TO THE EDGE AND BEYOND" THANK YOU DeFiNiTiOn Of SoCiAl ReSpOnSiBiLiTiEs Of BuSiNeSs As per Keith Davis “ Social responsibilities of business is defined as the decisions taken by the managers to protect and improve the welfare of the society as a whole along with their own interest”. Definition Of Business culture Culture is defined as sum total of knowledge, belief , art, morals, law, customs, ethics,
capabilities and habits acquired by individuals and groups as element of society.Culture frames the attitude of individuals towards life and society. It also defines their consumption pattern and lifestyle. Indian Culture Western Culture Difference Of Culture In America people tend to work only 8 hours a day i.e from 8 AM to 4:30 PM or early.
When it comes to importance of work, people consider work as just work and not LIFE and even they do not worry about work after they go home or even working on weekends.
They work when supposed to work and get their job done on right time. American Culture Indian Culture In India mostly people work for 12 hrs i.e from 9am to 9pm .
People work late hours, they sometime work on weekends because Work is viewed as the thing in Life trying to succeed and get promotion .
There is nothing wrong with it is just the culture that shapes the environment Social Responsibilities of Business towards WORKERS Payment of wages
Providing best possible working condition
Follow all welfare labor measures recommended by law
Proper training and development programs for employees
Opportunities for promotion
Install proper grievance handling system SRB Towards Customers Produce and supply quality goods
Do research and improve product quality
Introduce new product
Remove interruption in distribution
Reveal truth in advertisement
Proper after sales service SRB Towards Shareholders Safeguard the
capital Good public image Appreciate capital invested by people Reasonable Dividend Maintain proper records Bonus shares Social responsibilities Of Business Towards
SOCIETY To prevent pollution Preserve ecological
balance Protect natural
resource Develop backward areas Improve efficiency of the product quality Create employment opportunities Michael Porter's Five Forces
Analysis are:- Supplier Power
Threat Of Substitution
Threat Of New Entrant Low Bargaining Power
Commodities and easy
to purchase in market
Choose their suppliers
based on their needs
Low switching cost
of suppliers 1.Number Of Customers
2.Size Of each Order
4.Ability to Substitute
5.Cost of changing 1.Number of competitors
6.Cost of leaving
market 1. Substitute
2. Cost Of Change 1. Threat and cost of entry
2. Specialist knowledge
3. Economies of scale
4. Cost advantages
5. Barriers to entry Dr.Khushpat Jain,Business Environment,Himalaya Publishing House
Google-For Images References THANK YOU Features Of Culture are:- 1. Learned.
5. Adaptive. The Levels Of Culture
National culture is the dominant culture that distinguishes people of one political boundary from the other. National culture exercises tremendous influence on every individual and institution in the country.
Business practices are the extension of national culture. In management, culture influences, and sometimes even determines policy, style and structure of the organization. BUSINESS CULTURE NATIONAL CULTURE ORGANIZATIONAL CULTURE Organization culture refers to philosophies, ideologies, values, assumptions, beliefs, exceptions, attitudes and norms that knit an organization together and are shared by the employees. The cultural environment mean a environment which affect the basic values, behaviors, and preferences of the society-all of which have an effect on consumer marketing decisions.
Factors which effect social and cultural environment
Attitude of people. Social Responsibility.
Technological Factor. Taste & Preference
Taste & Preference. Income & Life Style.
Education Family Family
Natural Factor. CULTURAL ENVIRONMENT Microsoft have changed a small part of our culture that is connected to the computer.Earlier the Microsoft developed operating system that were windows-driven, computer user had to utilize some other program & type in each command, rather than clicking on windows.
Earlier the software name was command line interface. SOCIAL ENVIRONMENT Social environment of business means all factors which affects business socially .
Social environment includes customs, traditions, tastes & preferences ,buying and consumption habits of the people.
A business cannot ignore the social needs as it itself is an important constituent of the society.
”Acting with concern and sensitivity, aware of the impact of your actions on others, particularly the disadvantaged”
In a country like India the concept of social responsibilities of business plays a important role in the economic growth and industrialization of the nation. SOCIAL RESPONSIBILITY OF BUSINESS SRB Towards Itself Achieving fundamental objectives
Ensuring long term success
Making optimum use of production capacity
Building competitive strength NATION COMPETITIVE ADVANTAGE Firms Strategy, Structure and Rivalry
Related Supporting Industries
Factor Conditions Example:-
The rising demand for iron and steel in India has put a pressure on iron and steel producing firms to find more and more new reserves for increasing production Mining Companies Government departments Utilities
(water and power) Financial
Institutions Unions Supply Chain R&D Organization Tertiary & vocational