What you’ll learn to do: identify the external forces that shape the business environment

You have now looked at some of the internal parts that run this machine we are calling business—accounting, human resources, and management, just to name a few. You also identified stakeholders who have some personal or professional interest in the continued success or operation of the business. But, you also know that businesses do not operate outside of the external environment in a vacuum where they are immune to the forces that shape our everyday life. Just like people, businesses interact with their surroundings, and just like people, businesses react differently to their environment. In this section you’ll consider some of the external forces that have an impact on business operations and decisions.

LEARNING ACTIVITIES

The learning activities for this section include the following:

• Reading: External Forces
• Self Check: External Forces

Take time to review and reflect on this activity in order to improve your performance on the assessment for this section.