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MN 20448 Business and the Natural Environment

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This MN 20448 Business and the Natural Environment course provide an introduction to business and the environment. We start with an overview of the triple profit concept, in which companies look at social and environmental performance in addition to financial performance. We then focus on today's environmentally related business activities. We will discuss the natural environment's role in business management and strategy, operations, supply chain, product innovation, and marketing.

Market environment or business environment is a marketing term for factors and forces that affect a company's ability to establish and maintain successful customer relationships. The business environment is defined as "the sum of physical and social factors that are directly considered when people in an organization make decisions.

The three levels of the environment are as follows:

  • Internal Environment: Internal elements used by an organization to create, communicate and deliver marketable products.
  • External microenvironment: The external forces of small companies that affect the company's ability to serve customers.
  • External macro environment: The external macro environment is a large social force that affects the survival of an organization.

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