Question

How would you argue that the success of a business enterprise is significantly influenced by its environment?​

Answer 1

hey!!

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•°☆Answer:-•°☆

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(1) It Enables the firm to Identify Opportunities:-

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• Environment provides numerous opportunities for business success. Early identification of opportunities helps an enterprise to be the first to exploit them instead of loosing them to competitors.

example:-

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• Eureka Forbes introduced Aquaguard and took away the cream of demand.

(2) It Helps the Firm to Identify Threning

Signals:-

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• Environment happens to be the source of many threats. Environmental awareness can help managers to identify various threats on time and serve as an early warning signals.

eXAMPLE:-

• Lakme took serious steps to impr0ve the quality and types of products as foreign multinational cosmetics companies started coming to India after 1991.

HOPE HELP.U!!!

Answer 2

It is important for business organisations to understand their environment because of the following reasons. ... (ii) It Helps the Firm to Identify Threats and Early Warning Signals Environmental awareness can help managers to identify various threats on time and serve as an early warning signals..
Liberalisation (or liberalisation) is any process whereby a state lifts restrictions on some private individual activities. ... The term "liberalization" is most often used in discussing economic liberalization, which refers to the reduction of state involvement in the economy, but it can be used in other contexts as well....