In: Operations Management
1) Write the characteristics of the Global Business environment
Global Business Environment
Global Business Environment is described as the environment across
the various countries. It has factors which are usually exogenous
to home environment.
Characteristics of the Global Business environment are-
1) Totality of the external forces
Global business environment includes the factors that are available
outside of the business and the business has usually no control
over it.
2) Dynamic nature
Global business environment has the mixture of many factors and it
has been seen that changes in some of the factors takes place with
time.
3) Relativity
Global business environment are usually related with the local
conditions. So, the environment are different in the different
countries of the world.
4) Uncertain
Conditions in the global business environment are constantly
changing. So, it becomes very uncertain to predict
something.
5) Complex
The global business environment has a lot of factors, events which
arises from the variety of sources. So, it becomes difficult in
understanding factors which affects the global business
environment.