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MJ Business Environment

The document discusses how a business's location can impact its operations both externally and internally. Key factors of the business location discussed include the natural environment, demographics of nearby clients and suppliers, and government and economic conditions. The document also provides examples of how to evaluate the strengths, weaknesses, opportunities, and threats of a potential business location.

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Viola Tanada de Guzman
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132 views12 pages

MJ Business Environment

The document discusses how a business's location can impact its operations both externally and internally. Key factors of the business location discussed include the natural environment, demographics of nearby clients and suppliers, and government and economic conditions. The document also provides examples of how to evaluate the strengths, weaknesses, opportunities, and threats of a potential business location.

Uploaded by

Viola Tanada de Guzman
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Business ideas and opportunities are

partly shaped or determined by the


business location.

It affect the external or internal


business operations
Tangible Factors
 Land area available for economics zone
 Physical layout of Barriers (lakes, parks, river end,
building obstruction, transportation network)
 Demography of the clients and suppliers;
competitors in area and availability of technology
to use products
Intangible Factors
 Sub-culture, industry trends, economic and
government activity or political situation on the
area
Demography
Natural and Physical Potential target Culture, subculture,
Environment. Living client, migration
race, emotional
conditions, facilities, pattern
environment
business

BUSINESS

Government Economy
regulations Technology
National Trend
policies Intrenational Production
competitors
 Physical location
 Manmade and natural structures
 Living condition- serves as a standard for the
ambience you want to create for your store.
 Clustering- where a particular type of product
is offered within the same area.
Clustering quiapo bridge-crafts store
Banawe ared- car accessories
 Visibility of your intended store to the
potential clients
 Number of people living in the area their
age, gender,socio economic, status,family
size,religion and even growth trends.
 Invaluable into that can help entrepreneur in
matching their products to the target market
in, deciding for the marketing strategies,
pricing and product packaging among others.
 Changes in the lifestyle which is brought by
changes in the population demography and
the economy also affect a business.
 Women’s participating in the world of the
work.
Government regulations

Good for big business


Bad for small business

Protect environment
workers,consumers often lead to
innovation
1. Personal hobbies and interest
2. Everyday experiences,travel and adventures
3. Suggestions from family members and
friends
4. Problems that need solutions
5. Problems with existing products
6. Books,magazine,news
7. Observing,listening around you
These are the criteria that needed to meet:

1. Personality and personal preferences


a. Personal preferences
b. Education, skills, and experience
c. Work experience
d. Support from family and friends
2.characteristics of a good business
a.) demand for product
b.)availability of skills,raw materials,technology and capital
c.)profitability
 to determine strengths, weakness,
opportunities and threats of your potential
business
POSITIVE NEGATIVE

CONTROLLABLE STRENGHTS WEAKNESSES


FACTORS Positive factors that Set of problems
contribute to the Difficulties or
favorability of a shortcomings
business encountered by the
opportunity business
Examples: Examples:
Cheap raw materials Inexperienced
Skilled employees owner
Ease of Lack of working
management Capital
Small capital outlay Poor location
OPPORTUNITIES THREATS

UNCONTROLLABLE Positive factors that are Negative factors that are


FACTORS not within the control of beyond the control of the
the business business
Examples: Examples:
Absence of similar Rising costs
products in the market Raw material
New markets being Shortages
developed Too many competitors
Growing demand for
similar products
Favorable government
policy

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