Explain What a Business Environment Is and What Factors Within

question 9

Short Answer

Explain what a business environment is and what factors within the environment put pressure on the business.

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Definitions:

Brainstorming

A method of generating creative ideas by encouraging free thought and discussion within a group.

Groupthink

A psychological phenomenon where the desire for harmony or conformity in a group results in an irrational or dysfunctional decision-making outcome.

Social Facilitation

The tendency for individuals to perform tasks better when they are in the presence of others.

Delphi Technique

A structured communication technique or method, which relies on a panel of experts to forecast or make decisions through rounds of anonymous questionnaires.