The paper 'Feasibility of Malaysian Business Environment" is a great example of a business case study. All businesses of all kinds have to carry out their activities in a particular environment. Due to its social nature, the business has to interact and integrate with its environment. The business ensures that it maintains a healthy relationship with its environment in order to achieve the main objectives of maximum returns and overall growth. The way in which the interaction occurs is the point at which the business meets the environment. At that particular point, the two shall be benefiting from each other through the interaction.
This defines the interdependence relationship between the environment and the business. The always transforming environment, in which a particular business carries out its activities, creates the opportunity for the business to effectively expand, develop, and acquire economic wealth. At the same time, the environment also has challenges in it that are exposed to the business. The original factor to be considered is the mode in which the business impacts on the people and the environment through its activities of production or servicing.
The mode should be essential as it functions to satisfy the consumers, shareholders, stakeholders, and other parties involved. Through the development of core shareholder and stakeholder relationships among government entities, customer entities, environmental organizations, and other parties, a business can expect and manage matters and concerns that might have not been easily identified resulting in major business-oriented environmental challenges. Therefore, this calls for an extensive examination and analysis of both the internal and external business environmental factors. Business is exposed to problems of social consideration that is based on particular issues that relate to their activities and interactions with workers, consumers, stakeholders, suppliers, etc.
In addition, this type of consideration involves the health and safety protection of the public, preventing any harm to the natural business environment, creating and using ethical standards and practices. Other social consideration activities include; observing the cultural and social regulations, creating a balance between the publics’ interest and the business’ s interest, and also becoming a proactive entity (Chidi et. al. ). Another essential consideration is the political environment as it directly affects the actual operations and effectiveness of the particular business.
Political and controlling changes are usually influencing the social and economic factors and concerns. It is also a primary objective of the business to the consumers, shareholders, and stakeholders. In this case, the economic considerations which most of the time focus on the direct impact of the transactions involving goods and services, money flow, and the relationship between parties involved. Consumers of the products or services of a business can be satisfied, either disappointed or have a neutral response. The economic considerations also involve the indirect effects of the economic business environment factors that include unidentified costs of transactions and the external effects brought about by the immediate community.
In this context, the most essential economic queries often relate to environmental oriented effects. Usually, they are some of the diversified negative and unexpected results of products, operations, and eve services. This shows that the business environment is the pattern of all the external and internal factors and influences that impact on the life of the business, its economic improvement, and development.
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