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Priya posted an Question
March 20, 2021 • 17:33 pm 30 points
  • UGC NET
  • Commerce

What is ecological environment and how it effects our business?

what is ecological environment and how it effects our business?

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  • Rucha rajesh shingvekar

    Ecological factors influencing business are connected to actions and processes necessary to protect natural environment and in the same time maintain or increase efficiency of the corporation. ... There are several ecological factors influencing management decision, business and environment goals

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    Ronak kumari upadhyay best-answer

    Dear student The ecological environment includes both abiotic features, as climate, salinity, soil type, or availability of water, and biotic factors, as food supply, prey, predators, parasites, or conspecifics. Ecological factors influencing business are connected to actions and processes necessary to protect natural environment and in the same time maintain or increase efficiency of the corporation. Ecology often take form of so-called corporate environmentalism, i.e. all actions promoting sustainability, gaining consumer appreciation of eco-friendly products and services, creating image of responsible corporation. There are several ecological factors influencing management decision, business and environment goals. Proper identification of natural environment and its influences during strategic analysis (STEEP analysis, SWOT analysis, TOWS analysis) could lead to better strategic alignment of company to ecosystem and state regulations.

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