LCCI_Chapter_2 pptx

Chapter 2 Profit & Non-profit Organisations Public Ownership Private Ownership Profit Nationlised Industry Commercial Organisations Non-Profit National/Local Government Voluntary Sector STEEPLE The STEEPLE factors are: S Social and cultural T Technological & product competition E Economic and market competition E Education, training & employment P Political L Legal E Environmental Protection Social and cultural influences Language, culture, attitudes and behaviors differ. Technological and product innovation Managements must keep up with the new technologies if their product offerings are not to become outdated. Economic and market competition Economic activity and market competition are closely linked. When economic conditions are weak, the less efficient businesses are forced to close. Improved economic conditions encourage consumer confidence and willingness to spend. This stimulates business expansion. Education, Training & Employment Educational achievement is important to the long-term economy. In some countries literacy levels are falling, and attention spans are getting shorter. Political Government, legal and voluntary frameworks control and influence behavior. National and local government have a direct effect on our lives. In the EU there is an ever-growing range of standardization agreed by the member states. Legal There are laws to control such issues as competition and unfair trading practices, consumer protection and consumer legislation. How effective they are depends upon national attitude and the degree of control and its efficiency. There is a need to know, understand and comply with all relevant control measures. Ignorance of the law is no defense. Environmental protection Each country has evolved different environmental control regulations. There is growing international concern with global environmental protection, air, water and land usage. The Green Movement it active across the world to encourage government, organizations and individuals to introduce and strict measures to protect the environment. . Chapter 2 Profit & Non-profit Organisations Public Ownership Private Ownership Profit Nationlised. but individuals can brainstorm for themselves. This is how it works: Ensure that there will be 20 to 30 minutes’ uninterrupted time Create a relaxed atmosphere Give an outline description of