Domestic and Business
Domestic and global business environment covers entire factors inside the country of operation and it’s outside including those of production, marketing, finance and administration. A model business has two significant activities one is production or purchase of goods and services and the second one is its sale for profit. During that entire process whatever a company has to face at domestic and global fronts is its environment where it has to survive with other competitors.
Domestic business environment
There is a difference between domestic and internal business environments. Latter is one where business operate like its management, staff, machines, building, furniture, fixtures, visitors, meetings, sitting arrangements, equipment, lighting etc and most of these factors are under full control of the business.
The domestic business environment means the environment of the country where business is operating. It includes country’s climate, business policies, business facilities, business regulations and rules, logistic, political setup, style of governance, culture, traditions, belief system, economic system etc. Most of these factors are completely out of control of the business and it just has to be so vigilant to face them and update its procedures as and when any change occurs in any of such factors.
Global business environment
Similarly some people may take global and external business environment as similar. However, there is wide difference between the two. External business environment means all factors which are external to a business including its regulator, price trends, industry norms, competitors, supply constraints, political problems, cultural values etc while global business environment means all factors outside the country of operations of a business.
There are various factors a business has to face globally if it supplies goods and services to international market. There are international rules and regulations to work in a global market of
Domestic business environment
There is a difference between domestic and internal business environments. Latter is one where business operate like its management, staff, machines, building, furniture, fixtures, visitors, meetings, sitting arrangements, equipment, lighting etc and most of these factors are under full control of the business.
The domestic business environment means the environment of the country where business is operating. It includes country’s climate, business policies, business facilities, business regulations and rules, logistic, political setup, style of governance, culture, traditions, belief system, economic system etc. Most of these factors are completely out of control of the business and it just has to be so vigilant to face them and update its procedures as and when any change occurs in any of such factors.
Global business environment
Similarly some people may take global and external business environment as similar. However, there is wide difference between the two. External business environment means all factors which are external to a business including its regulator, price trends, industry norms, competitors, supply constraints, political problems, cultural values etc while global business environment means all factors outside the country of operations of a business.
There are various factors a business has to face globally if it supplies goods and services to international market. There are international rules and regulations to work in a global market of