what is the importance of business environment in modern mangement ?
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ADVERTISEMENTS: Business environment brings both threats and opportunities to a business. Hence, understanding of environment helps the management in future planning and decision making. For example, competition increases with the entry of new firms in the market.
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Importantance of Business environment in modern management
Determining opportunities and threats
continuous Beam awning.
Image Building
Ensures optimum utilisation of resources
Giving direction for Growth
caping with rapid changes
Improving performance & meeting competition Identified firms Strength & weakness
keeping Business enterprise alert
understanding future problems and prospects
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