“The Social Environment.”

Imagine a small town in which a new factory is built. Then think about how that business might impact its local community. You may consider the possible job opportunities that the factory will provide to people living in the area, or perhaps you might think of the potential impact to the environment of gases or other chemicals introduced into the air or water supply as a result of production. Or perhaps, that factory, through its corporate social responsibility practices, can provide services that benefit the neighborhoods and families in its local or even global community. No business operates in a vacuum, and whether positive or negative, it is likely to have some kind of impact based on its business practices. Using these resources, you will consider the social and economic impacts of organizations.
• Lumen Learning. (n.d.). The business environment Links to an external site.. In Boundless business. https://courses.lumenlearning.com/boundless-business/chapter/the-business-environment/#:~:text=The%20Social%20Environment

Note: You are only required to read the section titled “The Social Environment.” The time estimate is based on this section only.

In addition to understanding how a business influences the environment in which it operates, it is critical to understand how that environment influences the stability and success of a business. The outside business climate includes financial, political, regulatory, social, and other environmental factors that can have a significant impact on how a business operates and engages with its customers and stakeholders. Remaining aware of the ever-changing needs and influences of society is critical for business leaders so that they can remain competitive in the market while also advancing the organization’s strategic initiatives.
• Duro, K. (2018, March 26). The effects of social environment on business Links to an external site.. Imperium Apps. https://imperiumapps.com/the-effects-of-social-environment-on-business/
Gitman, L. J., McDaniel, C., Shah, A., Reece, M., Koffel, L., Talsma, B., & Hyatt, J. C. (2018). 1.2 understanding the business environment Links to an external site.. In Introduction to business. OpenStax. https://openstax.org/books/introduction-business/pages/1-2-understanding-the-business-environment

Sample Solution

find the cost of your paper

This question has been answered.

Get Answer