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UNIT 6: BUSINESS AND ECONOMIC POLICY - Coggle Diagram
UNIT 6: BUSINESS AND ECONOMIC POLICY
1.1 Interaction between Business and Economic Environment
Economic environment
GDP
Inflation
Unemployment
Exchange rate
Economic policies
Business adaptation
Reduce risks
Use opportunities
Adjust strategies
Business influence
Creates employment
Boosts demand
Transforms markets
Environmental analysis
Trends
Regulations
Technology
Consumers
1.2 Economic Cycles and Strategic Planning
Economic cycles
Expansion
Peak
Recession
Recovery
Strategic planning
Set objectives
Prepare scenarios
Reduce risks
Recession
Reduce costs
Improve efficiency
Protect liquidity
Recovery
Resume investments
Expand operations
Find opportunities
1.3 Economic Policy and Business Decisions
Economic policy
Fiscal
Monetary
Exchange rate
Trade
Labor
Business impact
Investment
Pricing
Hiring
Financing
Fiscal policy
Taxes
Public spending
Incentives
Monetary policy
Interest rates
Credit
Investment
1.4 Uncertainty and Innovation
Uncertainty
Economic changes
Technological changes
Social changes
External risks
Innovation
New products
New processes
New business models
Tools
Scenario analysis
Risk management
Market intelligence
Prototypes
Business culture
Adaptation
Creativity
Continuous learning
1.5 Business Ethics and Economic Sustainability
Business ethics
Integrity
Transparency
Responsibility
Legal compliance
Sustainability
Long-term value
Efficient resource use
Financial stability
Social and environmental impact
Corporate Social Responsibility
CSR
ESG criteria
SDGs
Benefits
Trust
Reputation
Resilience
Competitiveness