• Identify the external social and economic impacts of the organization.
• Examine how the social environment can influence the organization’s business strategy. Be specific, including what factors are most conducive to influencing.
• To support your assertions, research and locate at least two organizational examples of business practices that have shown success factors. For each example, do the following:
o Briefly describe each organization (including what type of company it is, what sector/industry it is in, etc.).
o Provide at least one specific example of how each organization employs (or employed) these factors in its business practices.
Imagine a small town in which a new factory is built. Then think about how that business might impact its local community. You may consider the possible job opportunities that the factory will provide to people living in the area, or perhaps you might think of the potential impact to the environment of gases or other chemicals introduced into the air or water supply as a result of production. Or perhaps, that factory, through its corporate social responsibility practices, can provide services that benefit the neighborhoods and families in its local or even global community. No business operates in a vacuum, and whether positive or negative, it is likely to have some kind of impact based on its business practices. Using these resources, you will consider the social and economic impacts of organizations.
• Lumen Learning. (n.d.). The business environment Links to an external site.. In Boundless business. https://courses.lumenlearning.com/boundless-business/chapter/the-business-environment/#:~:text=The%20Social%20Environment
Note: You are only required to read the section titled “The Social Environment.” The time estimate is based on this section only
