ExpertBusiness Organisations, their Stakeholders and the External Environment
Understand the purpose of different business types and how external macro-environmental factors shape their strategies.
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Purpose and Types of Business Organisations
Lessons in this section
1Purpose and Types of Business Organisations
Distinguish between commercial, not-for-profit, public sector, and co-operative organisations.
Stakeholders in Business Organisations
Categorise stakeholders into internal, connected, and external groups.
External Influences – Political & Legal Factors
Identify how political decisions and legal frameworks impact business operations.
External Influences – Macro-economic Factors
Explain the impact of fiscal and monetary policy on businesses.
External Influences – Micro-economic Factors
Understand the laws of supply and demand.
External Influences – Social and Demographic Factors
Analyse how demographic shifts impact business strategy.
External Influences – Technological Factors
Evaluate how technological advancements force structural business adaptations.
External Influences – Environmental and Sustainability Factors
Identify the physical ecological dependencies of businesses.
Competitive Environment — Porter and SWOT
Apply SWOT analysis to assess strategic position.