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Write a 3 page essay on Business environment.1.CustomersThese are the main stakeholders in a business since goods and services are made in a way that their needs can be satisfied. They affect a busine
Write a 3 page essay on Business environment.
1.Customers
These are the main stakeholders in a business since goods and services are made in a way that their needs can be satisfied. They affect a business such that their needs form the basis of the business’ plan to make goods that satisfy these needs. Customers’ tastes and preferences are also key to the business such that as diverse as their tastes and preferences are, so does the business diversify its products. The business has control over the customers such that the business can influence the customers’ decisions through pricing, packaging and adding new features to products.
2.Employees
Employees in an organisation are the very important. This is because the employees help the business management to be able to make products and provide services to its customers. They influence a business by providing the business with work force to undertake their operations. In a situation where the employees down their tools, the organisation is not able to provide any goods and services to its customers. However, the business has control over them by making policies, rules and regulations, attractive salaries and social welfare. If the business management uses such control, the employees of the organisation become effective.
These are also stakeholders of a business, who provide a business with the raw materials or finished goods that the organisation needs to carry out its business. They affect the business by maintaining a supply chain of making goods available to the business as needed.
