Download - Griffin Introduction to Business Chapter 02
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ChapterChapter
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Understanding theUnderstanding theEnvironments ofEnvironments ofBusinessBusiness
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Chapter OutlineCha
pter Outline
Organizational Boundaries &Organizational Boundaries &EnvironmentsEnvironments
Economic EnvironmentEconomic EnvironmentTechnological EnvironmentTechnological Environment
Political-Legal EnvironmentPolitical-Legal Environment
Sociocultural EnvironmentSociocultural EnvironmentBusiness EnvironmentBusiness Environment
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Organizational BoundariesOrganizational Boundaries& Environments& Environments
Eternal EnvironmentEternal Environment
Organizational Boundar!-Organizational Boundar!-Separates Organization "romSeparates Organization "rom
EnvironmentEnvironment
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#imensions of#imensions ofEternal EnvironmentsEternal Environments
TheThe
BusinessBusiness
OrganizationOrganization
EconomicEconomic
TechnologicalTechnological
PoliticalPolitical-Legal-Legal
BusinesBusines
ss
SocioculturalSociocultural
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Economic EnvironmentEconomic Environment
Business C!cleBusiness C!cle
$ggregate Output$ggregate Output
Standard of LivingStandard of Living %ross #omestic Product %#P'%ross #omestic Product %#P'
(eal(eal
)ominal)ominal
%ross )ational Product %)P'%ross )ational Product %)P'
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ExpansionExpansion
ContractionContraction
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* %#P Change* %#P Change"rom Previous Period"rom Previous Period
Source: U.S. Department of Commerce, Bureau of EconomicAnalysis
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U+S+ %#P & (eal %#PU+S+ %#P & (eal %#P
(In $(In $
Billons)Billons)
Source: U.S. Department of Commerce, Bureau of EconomicAnalysis
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%#P & %#P Per Capita%#P & %#P Per Capita
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Purchasing Po,er Parit!Purchasing Po,er Parit!Big ac .nde Based On $t ar/et Echange (ate 01203245'Big ac .nde Based On $t ar/et Echange (ate 01203245'
S Big !ac " $#S Big !ac " $#%erage%erage
(%erage o& ' Cities)(%erage o& ' Cities)
Source: The New Yor Times, !Bi" #ac $n%e&', Dec. ()th, *++. http:--www.economist.com-marets-i"mac-%isplayStory.cfm/story0i%123+2)(
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%#P * Change "rom%#P * Change "romPreceding PeriodPreceding Period
Source: U.S. Dept. of Commerce4 Bureau of Economic Analysis
Expansion %s ecession %sExpansion %s ecession %s
*epression+*epression+
5
,#,#rr.uarter /00'.uarter /00'
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* %#P Change vs+* %#P Change vs+* La6or Productivit! Change* La6or Productivit! Change
Source: U.S. Department of Commerce, Bureau of Economic Analysis U.S. Department of 6aor4 Bureau of 6aorStatistics
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U+S+ BalanceU+S+ Balanceof Trade 1443'of Trade 1443'
S Bu1s $23S Bu1s $23Trillion o&Trillion o&
4oos5Ser%ices4oos5Ser%ices
S Sells $20S Sells $20Trillion o&Trillion o&
4oos5Ser%ices4oos5Ser%ices
S Balance o&S Balance o&TraeTrae
-$300 Billion-$300 Billion
Source: U.S. Census Bureau4 7orei"n Tra%e Statistics 8*++2 Annual 9i"hli"hts, http:--www.census."o;-forei"n4tra%e-statistics-hi"hli"hts-annual.html
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U+S+ )ational #e6tU+S+ )ational #e6t
57or To%ay
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Economic Sta6ilit!Economic Sta6ilit! .nflation- 7idespread Price.nflation- 7idespread Price
.ncreases .n $n Economic S!stem.ncreases .n $n Economic S!stem
Unemplo!ment- LevelUnemplo!ment- Levelof 8o6lessness $mongof 8o6lessness $mongThose $ctivel! See/ing 7or/Those $ctivel! See/ing 7or/.n $n Economic S!stem.n $n Economic S!stem
(ecession vs+ #epression(ecession vs+ #epression
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U+S+ Consumer Price .ndeU+S+ Consumer Price .nde#ec+- $ll Ur6an Consumers'#ec+- $ll Ur6an Consumers'
267/-267'- " 200267/-267'- " 200
Source: U.S. Department of 6aor4 Bureau of 6aor Statistics
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U+S+ Unemplo!ment (ateU+S+ Unemplo!ment (ateSeasonall! $d9usted on 01230'Seasonall! $d9usted on 01230'
,,, 225#050', 225#050'
Source: U.S. Department of 6aor4 Bureau of 6aor Statistics,http:--%ata.ls."o;-=D?-ser;let-Sur;ey>utputSer;let
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anaging the U+S+anaging the U+S+
Econom!Econom! "iscal Polic!- #etermines :o,"iscal Polic!- #etermines :o,
%overnment Collects2Spends%overnment Collects2Spends
(evenues (evenues
onetar! Polic!- #eterminesonetar! Polic!- #etermines
Size of )ation;s one! Suppl!Size of )ation;s one! Suppl!
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onetar! Polic!onetar! Polic!
Interest atesInterest ates
SpeningSpeningTighTigh
tt
Interest atesInterest ates
SpeningSpeningEas1Eas1
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U+S+ Prime .nterest (ateU+S+ Prime .nterest (ate8an+0'8an+0'
"o#rce$ %oar& o' (o)ernor* o' the +e&eral e*er)e "y*te
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Technological EnvironmentTechnological Environment
Product2ServiceProduct2Service
TechnologiesTechnologies
Business ProcessBusiness Process
Technologies- EnterpriseTechnologies- Enterprise(esource Planning(esource Planning
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Earnings & EducationalEarnings & Educational$ttainment 0
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Political-Legal EnvironmentPolitical-Legal Environment
(egulation- #efines(egulation- #efines
(elationship Bet,een(elationship Bet,een
%overnment & Business%overnment & Business
%overnment = Pro vs+%overnment = Pro vs+
$nti-Business Sentiment$nti-Business Sentiment
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"oreign #irect .nvestment"oreign #irect .nvestmentConfidence .nde Oct+ 1445'Confidence .nde Oct+ 1445'
Source: A.T. @earney Consultin", http:--www.atearney.com-main.taf/p13,2,(,
Corporate In%estors Con?enceLo> Con?ence @igh Con?ence@igh Con?ence
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Sociocultural EnvironmentSociocultural Environment
Customer Preferences2Tastes- >ar!Customer Preferences2Tastes- >ar!
.nternational.nternational
)ational)ational
Ethical Compliance &Ethical Compliance &
(esponsi6le Behavior(esponsi6le Behavior
EnronEnron
$rthur $ndersen$rthur $ndersen
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Business EnvironmentBusiness Environment
(edra,ing Corporate Boundaries-(edra,ing Corporate Boundaries-
Core CompetenciesCore Competencies
Challenges2OpportunitiesChallenges2Opportunities
OutsourcingOutsourcing
>ertical .ntegration>ertical .ntegration
>iral ar/eting>iral ar/eting Business Process anagementBusiness Process anagement
Post-