Nov Essay 1 Business Environments Flashcards
Introduction 1
South African businesses face a unique set of socio economic challenges that impact on businesse operations.
Introduction 2
All socio economic issues present both challenges and opportunities for entrepreneurs.
Socio economic issues
Include discrimination and poverty , inclusivity , unemployment, an unproductive labor force , HIV and AIDS , gambling, piracy counterfeiting, strikes , Violence and crime.
Socio economic issues 2
Are difficulties that social and economic factors in the macro environment can cause in thr business
Discrimination of socio economic issues
HIV & AIDS
There are extremely high figures of people with HIV & AIDS
HIV & AIDS
Causes strain on healt care and social services infrastructure
Discrimination of socio economic issues
Piracy
Shows that a product comes from a particular source
Piracy
Patent is an exclusive right to a particular product or invention for a period of time
Discrimination of socio economic issues
Strikes
Usually the result of a labour dispute
Strikes
Takes place if workers refuse to work
Discrimination of socio economic issues
Inequality and poverty
Poverty is when a person is unable to satisfy his or hers basic human survival needs
Inequality and Poverty
Person is deemed extremely poor if he or she is unable to afford food , water and shelter
Impact of socio economic issues on business
HIV & AIDS
This disease leads to a decline in the productivity of the affected employees
HIV & AIDS
There is a decrease in demand owing to a decrease in customers
Impact of socio economic issues on business
Piracy
Deprives the origin artist of his or her income.
Piracy
People who buy pirated copies contribute to the problem
Impact of socio economic issues on business
Strikes
Result in loss of production
Strikes
Result in loss of income as a result of damaged property
Impact of socio economic issues on business
Inequality and poverty
Poverty affects consumers spending as poor people have ability to buy to goods
Inequality and poverty
If people cannot spend money business enterprises cannot grow
Importance of inclusivity in the workplace
Aims to redress the imbalances of the past
Importance of inclusivity in the workplace 2
Aims to ensure that businesses do not exclude anyone from consideration
Importance of inclusivity in the workplace 3
Aim is to ensure that businesses follow employment practices that are fair
Importance of inclusivity in the workplace 4
Also should try ensure that employees are representative of the demographics of the country
Importance of inclusivity in the workplace 5
Aims to have workplaces of diffrent races , cultured, genders , religions , abilities , languages and beliefs can work together effectively for the good of the business.
Conclusion
Socio economic issues impact businesses negatively.
