Searchlight Logo
special_image

    • News
      • Front Page
      • News
      • Breaking News
      • Press Release
      • Features
      • Special Features
      • From the Courts
      • Sports
      • Regional / World
    • Opinions
      • Editorial
      • Our Readers’ Opinions
      • Bassy – Love Vine
      • Dr. Fraser- Point of View
      • R. Rose – Eye of the Needle
      • On Target
      • Dr Jozelle Miller
      • The World Around Us
      • Random Thoughts
    • Advice
      • Kitchen Corner
      • What’s on Fleek this week
      • Health Wise
      • Physician’s Weekly
      • Business Buzz
      • Hey Rosie!
      • Prime the pump
    • ePaper
    • Obituaries
      • In Memoriam / Acknowledgement
      • Tribute
    • Contact Us
      • Advertise With Us
      • Letters To The Editor
      • General Contact Information
      • Contact our Webmaster
    • About Us
      • Interactive Media Ltd
      • St. Vincent & the Grenadines
    • Subscribe
    • News
      • Front Page
      • News
      • Breaking News
      • Press Release
      • Features
      • Special Features
      • From the Courts
      • Sports
      • Regional / World
    • Opinions
      • Editorial
      • Our Readers’ Opinions
      • Bassy – Love Vine
      • Dr. Fraser- Point of View
      • R. Rose – Eye of the Needle
      • On Target
      • Dr Jozelle Miller
      • The World Around Us
      • Random Thoughts
    • Advice
      • Kitchen Corner
      • What’s on Fleek this week
      • Health Wise
      • Physician’s Weekly
      • Business Buzz
      • Hey Rosie!
      • Prime the pump
    • ePaper
    • Obituaries
      • In Memoriam / Acknowledgement
      • Tribute
    • Contact Us
      • Advertise With Us
      • Letters To The Editor
      • General Contact Information
      • Contact our Webmaster
    • About Us
      • Interactive Media Ltd
      • St. Vincent & the Grenadines
    • Subscribe
Features
June 23, 2006

The Business Environment

The business environment has been described as the framework within which a business operates and competes. There are two main facets to the business environment-the internal environment and the external environment. The internal environment covers aspects of the business that deal with the utilisation of resources from the external environment to manufacture products which are then sold to its customers.{{more}} The external environment consists of all outside institutions and forces that influence or can influence the business’ ability to achieve it goals and objectives. Some of the main factors in the external environment are competitive, economic, political, technological and cultural forces.

A business manager should be skilled in knowing how to analyze and improve the ability of his business to survive and develop in the changing business environment. He must be able to identify, evaluate, and respond to the various opportunities and threats in the environment.

Having a sound management system enables the manager to have the right tools to analyse the occurrences that are taking place in the business environment and at the same time help him to meet the needs of his customers. It is necessary that constant monitoring and adjustment to the environment take place if the enterprise is to survive. It must be noted that any instability in the business environment has the ability to either threaten the existence of the firm or create for it new opportunities. It is therefore, necessary, that managers be able to anticipate changes in the business environment and come up with the right strategy to create the best fit between the business’ strengths and the opportunities in the environment. Where adjustments are needed, it is expected that the manager will be able to make the necessary accommodations in the business environment without compromising the viability of the business.

– Submitted by the Centre for Enterprise Development Inc. (CED) a non-profit company that provides business development services to the local private sector.

We are located on the 1st Floor, Methodist Building, Granby Street. Kingstown. Telephone 784-451-2235/6. Email cedsvg@vincysurf.com or cedsvg@hotmail.com.

  • FacebookComments
  • ALSO IN THE NEWS
    12 left homeless in mid-day fire at Richland Park
    Front Page
    12 left homeless in mid-day fire at Richland Park
    Webmaster 
    September 5, 2025
    A fire that destroyed a multi-family complex in Richland Park over the weekend has left at least 12 people homeless, including a 23-year-old mother of...
    PM responds to US military strike on small boat off Venezuela
    Front Page
    PM responds to US military strike on small boat off Venezuela
    Webmaster 
    September 5, 2025
    Prime Minister, Dr Ralph Gonsalves has responded to reports by the United States administration that its military had carried out the bombing of a boa...
    Building material disappear from the Mary Hutchinson Primary School
    Front Page
    Building material disappear from the Mary Hutchinson Primary School
    Webmaster 
    September 5, 2025
    Police investigators on Union Island are said to be looking into the “disappearance” of building materials that were sent to the Southern Grenadine Is...
    What’s new at Fitz Hughes Government School?
    Front Page
    What’s new at Fitz Hughes Government School?
    Webmaster 
    September 5, 2025
    by Grace Francis After sharing a small space for over a year, children and teachers at the Fitz Hughes Early Childhood Centre went into brand new prem...
    MRI-6 donates over $70,000 for school meals for vulnerable students
    Front Page
    MRI-6 donates over $70,000 for school meals for vulnerable students
    Webmaster 
    September 5, 2025
    Several secondary schools and special needs institutions across St Vincent and the Grenadines (SVG) have received $5,000 donations towards meals for s...
    Minister of Information Technology  emphasises the importance of Cybersecurity
    News
    Minister of Information Technology emphasises the importance of Cybersecurity
    Webmaster 
    September 5, 2025
    Robust cybersecurity must be at the heart of the digital transformation that is currently taking place in St Vincent and the Grenadines (SVG) says Min...
    News
    Minister of Information Technology  emphasises the importance of Cybersecurity
    News
    Minister of Information Technology emphasises the importance of Cybersecurity
    Webmaster 
    September 5, 2025
    Robust cybersecurity must be at the heart of the digital transformation that is currently taking place in St Vincent and the Grenadines (SVG) says Min...
    Entities team up to boost disaster communication capacity
    News
    Entities team up to boost disaster communication capacity
    Webmaster 
    September 5, 2025
    The Climate Change Resilience Network (CCRN) in collaboration with the Youlou Radio Movement (YRM) recently embarked on a disaster preparedness initia...
    Ministry of Health to get more dialysis machines
    News
    Ministry of Health to get more dialysis machines
    Webmaster 
    September 5, 2025
    The Ministry of Health, Wellness and the Environment, is to obtain three more Heamodialysis machines as part of the revolution in the healthcare secto...
    PM Gonsalves heads delegation to Ethiopia
    News
    PM Gonsalves heads delegation to Ethiopia
    Webmaster 
    September 5, 2025
    Prime Minister, Dr Ralph Gonsalves, is leading a delegation to the East African country of Ethiopia; the delegation left the state on Wednesday, Septe...
    New Port to be opened on October 24- PM Gonsalves
    News
    New Port to be opened on October 24- PM Gonsalves
    Webmaster 
    September 5, 2025
    The modern port in Kingstown is expected to be handed over to the government just before this country celebrates its 46th anniversary of political ind...

    E-EDITION
    ePaper
    google_play
    app_store
    Subscribe Now
    • Interactive Media Ltd. • P.O. Box 152 • Kingstown • St. Vincent and the Grenadines • Phone: 784-456-1558 © Copyright Interactive Media Ltd.. All rights reserved.
    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok