ADM 1301 Lecture 1: Chapter 1

• School: University of Ottawa
• Department: Administration
• Course: ADM 1301
• Professor: Rumaisa Shaukat

Document Summary

Business affects, and is affected by society in which it operates. For managers to operate effective, an understanding of business" domestic macro-environment is essential. Technology advances facilitate misinformation and disinformation but also puts business in society"s spotlight. It must be acknowledged that in order to succeed as a business and to sustain competitive environment- one must understand the environment. Only 5% of new business survive their first five years. Business interact their environment- they are influenced by their environment and they influence their environment as well. Thing have changed- business now have to work together to achieve their goals. The modified boulding triangle: a way to depict the canadian macro-environment. Civil society- ngo, charities, organisation that operate within society and may hold string beliefs that they stand by. Government- government organisations whether federal, provincial, or municipal they all have contain different legislation. Province has authority to regulate and manage business organisation.