Economic and Socio-economic Factors
Table of Contents
ACKNOWLEDGEMENT 2 EXECUTIVE SUMMARY 4 GLOBAL BUSINESS ENVIRONMENT FORCES 5 ECONOMIC AND SOCIO-ECONOMIC FORCES 7 LEVELS OF ECONOMIC DEVELOPMENT 9 ECONOMIC DIMENSIONS 13 SOCIO-ECONOMIC DIMENSIONS 22 CONCLUSION 24 BIBLIOGRAPHY 25
This report analyzes the practical implication and analysis of some of the important aspects of Organizational Behavior in two organizations - Buddha Air and Yeti Airlines and presents some recommendations on motivation, use of technology and other aspects. The analysis and interpretation of the report is solely based on the small survey, …show more content…
Many economic policies together may make upheavals in many societies. Again, there are many societies where social values, beliefs and philosophies lead to considerable alterations of the economic system of the society. Moreover, there are many societies, where the impact of the economic and socioeconomic forces has been immense with all their effects on the society on the whole. Hence, the impacts of these forces are variable and are controlled by numbers of additional factors. Below there is discussion on the economic and social forces that lead to changes in the societies.
Economic forces correspond to the nature and course of the economy within which the business operates. Economic factors always have their tremendous impacts on the business for organizations. The common state of the economy for instance, depression, recovery, or prosperity, recession, interest rate, stage of the economic cycle, fiscal policy, balance of payments, monetary policy, are some of the key variables in corporate employments, investment, and the pricing decisions.
The effect of growth or turn down in GNP or the gross national product and increases or decreases in the interest rates, inflation, and the price of the dollar are held as the prime instances of considerable impact on the business operations.
In order to evaluate the local situation, an organization may seek information relating to the