The Importance Of The Business Environment

Introduction Economic growth and revolution in any society and at all periods has been consequence of many, complicated and interconnected factors. These factors consist of political, social, financial, legal and ecological factors. In some situations, one factor could have been in control for both positive economic development and change. In some situation though, some components may be in control for either positive or negative development or change but not for both.
All business organizations works inside an environment, known as the business environment. An individual business organization lasts and grows within the margin of its environment. An organization is only a part of a large environment, and so there are only a small number factors

They can be factors of economic, social, political and technological factors. These forces are outside the control of the business. The business can do very little to nothing to change this. There is a close and continuous collaboration between a business and its environment. This collaboration helps in the solidification of a business and using its possessions more efficiently. The business environment is multifaceted, dynamic and difficult in nature and has a wide-ranging influence on the existence and development of a business. To be more precise, appropriate understanding of the factors mentioned above helps the business environment in the following ways:
Constant learning: Business environment examination makes the work of supervisors easier in dealing with business tasks. The supervisors are encouraged to increasingly update their knowledge and skills to meet the projected changes in the business environment.
Opportunities and Threats recognition: The collaboration between the environment and business would help recognize prospects and threats to the business. It aids the business organization for meeting the tasks

The over-all economic intentions of colonization were attainment of raw resources for economic growth in the colonial countries. Colonialism brought cash economy. Colonies, Tanzania included, turn into suppliers of raw resources like minerals and agricultural commodities and buyers of processed manufactured goods. The economic structure that was established by the colonial powers has had many and far reaching implications almost fifty years after the independence of many African countries. For an account of some of these effects, see Rodney (1972). For German colonial policies and their influence on development and exploitation in mainland Tanzania for the period 1884 – 1914, see Sunseri