Question

The Astro News has experienced a decline in the number of subscriptions to its printed newspaper over the last 5 years. It seems people prefer news feeds sent directly to their smartphones than a printed paper delivered to their homes.
a) Which component in the external environment may have caused it? Write in detail (Please mention and highlight the name of that element in bold).

b) If you think it’s a demographical change, write down all the detail of its further elements for instance age, gender, family size etc. Also discuss what and how each of it has created a change in the environment. If no, suggest some other factor.

Its CEO perceives his organization could be more profitable if it could respond to customers more quickly so he has decided to remove some management layers and increase the remaining managers' span of control.
(c) Which management function would be considered for this?
(d) Please write in detail and give reasoning also.
He further decided the installation of the new equipment.
(e)Please relate all of the above changes (CULTURAL AND ENVIRONMENTAL BOTH) with what you studied in chapter and briefly discuss it.

Answer 1

Answer:

Business has various social responsibilities towards different interested groups. identify the relevant interested groups in the following cases

1.entrepreneur should act according to well accepted values of the society.

2.Business should provide fair return on their in capital investment.

3. Business should avoid any type of pollution

4. Business enterprises must pay taxes regularly and honestly.

5. Business suit supply good quality products at reasonable price.

6. They should be proper and safe working condition