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Business in its environment - Essay Example

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Customer requirements and consumable resources-such as raw materials, money, and information are transformed into goods, services, and business outcomes for the customers' benefit when appropriate events and conditions trigger action, The objective of most 21st century organisations emphasise on service and customer retention, regardless of the nature of the delivered result…
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Business in its environment
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Business in its environment

Download file to see previous pages... (Principles of Business Process Management, www.adaptive.com/Resources/bpm_ch3).
In analyzing the business environment using the PEST analysis, the key environmental influences that are laid out because these are important factors in studying the summary of external forces that affect organizational transformation, namely: 1.) political 2.) economic, 3.) social, and 4.) technological influences.
By listing down the detailed factors indicated by political, economic, social and technological influences, an organisation can identify "smaller" parts of these influences that could be addressed in either short-term or long-term transformation. (Business Policy Module 3: Environment of Business, http://www1.ximb.ac.in/users/fac/dpdash/dpdash.nsf/pages/BP_M3.) ...Download file to see next pagesRead More
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