Issues and factors affecting businesses (Ethical (Corporate scandals…
Issues and factors affecting businesses
Corporate scandals involving unethical practices will drive consumers/customers away from investing in the business and it will lose money.
Discouraging harassment in the workplace.
Racial discrimination within the workplace will cause problems within the business and can drive customers away due to it. Also these problems can give your business a bad reputation if they are not taken care of. Also, sexual harassment in the workplace can do the same amount of damage to the business.
Problems with inappropriate post on Social Media
Co-workers posting inappropriate post on Social Media can cause problems with customers wanting to buy from the company.
Businesses have little to no control over environmental issues in the workplace.
These issues happen mostly outside of the work boundaries.
Environmental stability is the rate at which the environment is changed in a business.
Indirect interaction are issues that affect the store over time rather than immediately. A few examples include: new mangers/CEO, minimum wage changes, software updates (specifically for computer bases businesses), shift in demographics, shift in food supply (due to seasonal or other impacts), inflation.
Direct Interaction are issues that directly affect the business. A few examples include a new business opening up and competing for customers, accidents in the store (fires, car crash, etc), bad weather keeping customers from coming in.
religion and culture
Your own unique values and customs make up the social environmental factors that affect retail business. Having more than one persons customs and values can create a multicultural society.
people you know
Societal forces like your family, friends, neighbors, colleagues, and even the media affect your attitude, opinions, and your interests impacting product sales and services by businesses and revenues earned.
Where you live and how you live, how things are ran in your community can affect business.