Impact of Environmental Changes on Various Industries.

Business Environment is a dynamic concept. It means two things, that the business environment is ever-changing and that the same business environment can be favourable for one industry and at the same time be adverse to another industry. In this ripple, we shall discuss the impacts of changes in the business Environment for three major industries: Education, Automobile and Retail Industry.

Change is inevitable. No one knows what change might bring. Change is the most critical factor for a business entity. This is because, the external environment of a business is dynamic. It keeps on changing, which creates room for new innovations, ideas and informations. Change might be favourable for your business, with the slight chance that it may bring you a disaster.

let's discuss some changes in the business environment and the impact they have on the performance of various industries.

All the environmental forces impact industries in varying degree. Over a period of time these may change and oscillate between dominant factors and insignificant factors.

Followings contain the name of the industry and the changes in the business environment which impacts their performance.

Retail Industry

Rapid change in production process and product innovation.
availability of Foreign Direct Investment and policies thereon.
Changes in Direct and indirect taxes of the land
Inflation, interest rates and taxes
Changes in employment / labour laws.
Change in attitude of people towards health.
Developments in IT. This can help in supporting the supply chain management, logistics and transportation.

Automobile Industry

New research and development.
Anti- pollution pressures. Use of eco-friendly cars.
Use of alternative fuels.
Change in the Population growth and age mix
Rural urban ratio.
Changes in family structure.
Changes in income levels.
Changes in Import & Excise Duties.
Foreign Direct Investment.
Financing facilities at low interest rates.

Education Industry.

Changes in government policies. Proposed Higher Education and Research outlays.
Privatisation of Higher Education.
Availability of soft loans for higher / professional education.
Attitude of the society towards education.
Mobility of students.
Change in the Income standard of people.
New Job opportunities.

If you have any queries, please feel free to comment. Thank You

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Impact of Environmental Changes on Various Industries.

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Change is inevitable. No one knows what change might bring. Change is the most critical factor for a business entity. This is because, the external environment of a business is dynamic. It keeps on changing, which creates room for new innovations, ideas and informations. Change might be favourable for your business, with the slight chance that it may bring you a disaster.let's discuss some changes in the business environment and the impact they have on the performance of various industries.All the environmental forces impact industries in varying degree. Over a period of time these may change and oscillate between dominant factors and insignificant factors.Followings contain the name of the industry and the changes in the business environment which impacts their performance. Retail Industry<ul><li>Rapid change in production process and product innovation.</li><li>availability of Foreign Direct Investment and policies thereon.</li><li>Changes in Direct and indirect taxes of the land</li><li>Inflation, interest rates and taxes</li><li>Changes in employment / labour laws.</li><li>Change in attitude of people towards health.</li><li>Developments in IT. This can help in supporting the supply chain management, logistics and transportation.</li></ul> Automobile Industry<ul><li>New research and development.</li><li>Anti- pollution pressures. Use of eco-friendly cars.</li><li>Use of alternative fuels.</li><li>Change in the Population growth and age mix</li><li>Rural urban ratio.</li><li>Changes in family structure.</li><li>Changes in income levels.</li><li>Changes in Import &amp; Excise Duties.</li><li>Foreign Direct Investment.</li><li>Financing facilities at low interest rates.</li></ul> Education Industry.<ul><li>Changes in government policies. Proposed Higher Education and Research outlays.</li><li>Privatisation of Higher Education.</li><li>Availability of soft loans for higher / professional education.</li><li>Attitude of the society towards education.</li><li>Mobility of students.</li><li>Change in the Income standard of people.</li><li>New Job opportunities.</li></ul> If you have any queries, please feel free to comment. Thank You

Change is inevitable. No one knows what change might bring. Change is the most critical factor for a business entity. This is because, the external environment of a business is dynamic. It keeps on changing, which creates room for new innovations, ideas and informations. Change might be favourable for your business, with the slight chance that it may bring you a disaster.let's discuss some changes in the business environment and the impact they have on the performance of various industries.All the environmental forces impact industries in varying degree. Over a period of time these may change and oscillate between dominant factors and insignificant factors.Followings contain the name of the industry and the changes in the business environment which impacts their performance. Retail Industry<ul><li>Rapid change in production process and product innovation.</li><li>availability of Foreign Direct Investment and policies thereon.</li><li>Changes in Direct and indirect taxes of the land</li><li>Inflation, interest rates and taxes</li><li>Changes in employment / labour laws.</li><li>Change in attitude of people towards health.</li><li>Developments in IT. This can help in supporting the supply chain management, logistics and transportation.</li></ul> Automobile Industry<ul><li>New research and development.</li><li>Anti- pollution pressures. Use of eco-friendly cars.</li><li>Use of alternative fuels.</li><li>Change in the Population growth and age mix</li><li>Rural urban ratio.</li><li>Changes in family structure.</li><li>Changes in income levels.</li><li>Changes in Import & Excise Duties.</li><li>Foreign Direct Investment.</li><li>Financing facilities at low interest rates.</li></ul> Education Industry.<ul><li>Changes in government policies. Proposed Higher Education and Research outlays.</li><li>Privatisation of Higher Education.</li><li>Availability of soft loans for higher / professional education.</li><li>Attitude of the society towards education.</li><li>Mobility of students.</li><li>Change in the Income standard of people.</li><li>New Job opportunities.</li></ul> If you have any queries, please feel free to comment. Thank You

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Impact of Environmental Changes on Various Industries.