Examlex
Personal Wellness
Angela has been working for a local small business called Personal Wellness for the last three years.It is a retail business that sells sporting goods equipment.When she started to work there, she noticed several things that were possibly the cause of the business not doing as well as it hoped it would.Angela has been thinking of starting her own small business because she feels she has learned much working for Personal Wellness.
Angela's manager asked her to create a business plan for Personal Wellness.The manager hoped that this plan would put things into perspective to help the company do better.After creating the plan, Angela suggested that Personal Wellness contact a group of senior and graduate students to provide management counseling for the company.Angela wants to make sure that her leaving does not become the cause of the company going under.
-Refer to Personal Wellness.When Angela suggested that the company contact a group, what type of group was she referring to?
Competitive Environment
The dynamic external system in which businesses compete against each other for market share and profitability.
Legal/Regulatory Environment
The framework of laws, regulations, and guidelines in which a business operates.
Sociocultural Environment
The environment that encompasses social and cultural factors which influence the behavior, beliefs, and practices of individuals within a society.
Identifiable Influences
Factors or circumstances that can be recognized and have an impact on outcomes or behaviors.
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