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...roducts and services. Organization's environment includes all the elements of the direct and indirect impact outside it which are relevant to its functio ==Types of business environment==

...sions in the business world, since it can significantly affect the success of a [[product]], [[service]], or [[organization]]. This environment can be broken down into several components:

'''Emergent [[strategy]]''' is a business approach that is evolved over time as a response to changing [[market]] con The main elements of emergent strategy include:

'''Clusters''' are geographic concentrations of interconnected companies, specialized suppliers, services, companies operat ...results in the division of labour and the creation of specialized factors of [[production]].

...multi-faceted and complex set of factors, depending on the characteristics of the project, such as: * [[cost]] of the project,

...al environment to identify any changes that could affect the effectiveness of existing strategies. Based on this analysis, strategy maintenance may invol ==Example of strategy maintenance==

...ic context, the contingency approach relies on four main components: the [[environment]], the organization, the leader, and the [[technology]]. ...implement different strategies than a company operating in a more relaxed environment.

...ible and efficient way, as well as to leverage the collective intelligence of the agents within the system. ==Example of complex adaptive system==

...uals and teams [[work]] together and get things done. To ensure successful business operations, it is essential to understand the role emotions can play in you ...and respond in a given context. As a manager, it is important to be aware of these emotions and how they shape the atmosphere in your [[company]].

.... It is an important tool for managers to understand the global business [[environment]] and make informed decisions. ==Example of international business research==

...s can be undertaken. The goal of a Technology Park is to provide the right environment and incentives for technology-based companies to grow and succeed. The core elements of a Technology Park include:

Strategic [[marketing]] is a [[process]] consisting of: ...analysis]] of the [[environment]], [[competition]] and factors shaping the business units

...a sustainable, responsible approach to tourism that minimizes harm to the environment, local communities, and culture. ==Example of negative tourism impacts==

...e requires resolving the situation within the company in relation to the [[environment]], careful [[planning]] and [[decision making]]. The success of anti-crisis measures is dependent on many different factors, among which th

...ers [[creativity]] and new ideas, encourages collaboration and the sharing of different perspectives, and can ultimately lead to better decision-making, ==Example of types of diversity==

...ating an [[environment]] of inclusion and respect for everyone, regardless of differences. This can bring fresh perspectives and different experiences to ...to measure the levels of diversity in their organization. Different levels of diversity can be identified, such as gender, racial, or ethnic diversity.

...the creditworthiness of counterparties. It is often claimed that this type of risk includes everything that is not classified as other risks. ==Sources of risk==

Scenario is an expected picture of the situation in the future. Scenarios created for enterprises represent th ...w you to provide various types of phenomena that can occur in a changing [[environment]], which will help prepare them.

...s, such as companies and governments. Rating agencies evaluate the ability of a borrower to meet its financial obligations, including [[bond]] payments. ==Example of Rating agency==

...sment of the organization's impact, and a focus on the long-term interests of [[stakeholders]]. ==Example of corporate social performance==

...the processes and tools used to make them. The main types of decisions in business are strategic, tactical, operational, and financial. ...ting. An important feature of this division is to emphasize the importance of decisions made by the individual managers.

...ages [[creativity]] and problem-solving. Intellectual diversity fosters an environment where everyone feels valued, respected, and accepted. ==Example of intellectual diversity==

...ty to think beyond the norm, to think in unconventional ways and break out of traditional thought patterns. ...ure of [[innovation]] and collaboration. They [[need]] to provide a safe [[environment]] for their team to express their ideas and be open to new solutions. They

...ting objectives and strategies, and developing and implementing a [[plan]] of action. ==Example of Planning process==

...ing [[relationships with customers]], as it helps to create an environment of mutual respect and understanding. ...ding '''organizational trust, interpersonal trust, [[customer]] trust, and business partner trust'''. It is important to understand each type and how they can

...ors. The theory of innovation emphasizes the importance of developing an [[environment]] that encourages [[creativity]] and innovation, as well as understanding t ==Example of theory of innovation==

...s. Strategic agility requires an organization to have a deep understanding of the current market, trends, and the [[capability]] to quickly react and adj * '''Resilience''': The ability to maintain a competitive edge in the face of change.

...ion and care are both expressions of empathy that involve an understanding of the other person's feelings and a desire to help them. ...re help to create a collaborative [[work]] atmosphere and foster a [[sense of belonging]], which leads to increased productivity and better results.

...e promotion of the company, and the image is often perceived as the effect of Public Relations activities. ==Types of company image==

...and interests, providing opportunities for growth, and creating a [[sense of community]] in the workplace. ==Example of motivation at work==

...gement]] perspective, economic shock can cause significant disruption to a business’s operations, as it can lead to a decrease in [[demand]], a decrease in p ==Example of economic shock==

...tial of internationalization, companies must develop the right combination of strategies and tactics, such as global branding, international market segme ==When to use process of internationalization==

...ative impact on productivity and morale, as well as on the overall success of the organization. ==Example of silo mentality==

Decentralization is the [[process]] of transferring decision-making powers down the organizational [[hierarchy]], ...s down the ladder. Is an expression of confidence in relation to the skill of lower-ranking managers and staff.

...te changes in the [[market]] [[environment]]. This can be due to a variety of factors, including: ...s, so they may choose to stick with the same prices even when the [[market environment]] changes.

...of the variation and determine its impact on the overall [[system]]. Cause of variation analysis can help managers determine if the variation is due to n ==Example of cause of variation==

There are many '''factors affecting business''' described in literature and examined during [[strategic management proce ...ctors affecting business''' or so called '''external factors of [[business environment]]'''

...e equitable and diverse [[workforce]], and the importance of creating an [[environment]] where everyone can thrive. ==Example of shattering glass ceilings==

...ructure shows how each division of a business is set up, the [[hierarchy]] of who reports to whom and how [[communication]] flows throughout the organiza ==Types of Organizational Systems==There are four main types of organizational structures===Functional organizational structure===

...ccess to physical and mental health resources, and creating a supportive [[environment]] where employees can reach their full potential. Additionally, by promotin ==Example of health and wellbeing==

...nd the sustainability of economic welfare. It also stresses the importance of policies that help to ensure that the economy runs at its full potential. ==Example of new keynesian economics==

...te realistic scenarios and to allow participants to experiment and develop business strategies. ==Example of business simulation game==

...imately, the goal of organizational learning theory is to foster a culture of change, [[creativity]] and [[continuous improvement]]. ==Example of organizational learning theory==

...sful and profitable business. SRB involves looking at the long-term impact of decisions, rather than just the short-term gains, as well as considering al ==Example of socially responsible business==

...technologies in order to make them more efficient or effective. '''Drivers of innovation''' can be divided into two categories: internal and external dri ...an organization’s control, such as changes in the political or economic [[environment]], [[customer]] demands, or technological advances.

...[[profit]]s of the [[company]]), as well as to protect and multiplication of [[social welfare]] ...business in creating social welfare. [[Business ethics]] is important part of corporate social responsibility]]

...members to connect, learn, and grow in their field of expertise. Community of practice can be used in organizations to facilitate collective learning, en ==Example of communities of practice==

...desired future state. Strategy also involves monitoring and [[evaluation]] of progress, as well as responding to changing conditions. ==Example of strategy of the organization==

...unt of capital to get started. Micro-enterprises can be found in a variety of industries, including retail, food and beverage, transportation, constructi ...]]. As the business is small, the overhead costs are minimal, and the risk of losses is minimized. Micro-enterprises also provide entrepreneurs with an o

...tand the behavior of employees in a [[workplace]], as well as the behavior of customers in a retail setting. ==Example of social influence theory==