Please enable JavaScript.
Coggle requires JavaScript to display documents.
3 Layers of Environment of the Entrepreneurial Venue - Coggle Diagram
3 Layers of Environment of the Entrepreneurial Venue
Physical Environment
Climate, Physical Resources, Wildlife
Must consider the climatic condition of the area before you open a business
Must evaluate the availability of raw materials if sufficient enough for the long-term operation
His/Her business must contribute to the ecological preservation
Societal Environment
Change in the physical environment have an impact on the societal environment
Especially in terms of resources availability and cost
Environmental Scanning
The critical evaluation and thorough study of the environment where the business operates
Industry Environment
The environment where the business conducts its various entrepreneurial activities
Macro-environment;
General environment thay you asses
Macro-environment
Define the appropriate ways for your product to thrive in the industry where it is belong to
General environment that you asses kung saan gagalaw yung business
Government
Refers to the system or institution that handles the affairs of a particular country
Suppliers
Refers to individual persons that can sustain and continuously provide what you need
Costumers
Are buyers of goods/services;
Important asset of the company
Competitors
Are forces existing in the industry environment that produce, sell or render products/services thay is similar to the business
2 Types:
Direct Competitors - sells similar product (Ex: Coke = Pepsi
Indirect Competitors - Sells substitute products