Socio cultural environment
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Socio-cultural environment. Business in socio-cultural setting. Business & society. Business functions, innovations, transmission & diffusion of ideas, information, attitudes and outlooks. Business. Society. Manufacturing & marketing of goods & services, business strategies,

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Socio-cultural environment

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Socio cultural environment

Socio-cultural environment


Business in socio cultural setting

Business in socio-cultural setting


Business society

Business & society

Business functions, innovations, transmission & diffusion of ideas,

information, attitudes and outlooks

Business

Society

Manufacturing & marketing of goods & services, business strategies,

rules & regulations, governing business, values & norms


Changing concept of business

Changing concept of business

  • Traditional view of profit maximization

  • Radical change in concept of business

    • As a social institution forming an integral part of the social system

    • Social mission

    • Influence on way people live and work together

  • Business in relation to society

    • Values – belief systems of businesses

    • Viability – drive to live & grow

    • Visibility – public image


Business culture

Business & culture

  • What is culture?

    • set of shared attitudes, values, goals, and practices that characterizes an institution, organization or group

    • an integrated pattern of human knowledge, belief, and behavior that depends upon the capacity for symbolic thought and social learning

  • Elements

    • Knowledge & beliefs

    • Ideals

    • Preferences


Impact of culture on business

Impact of culture on business

  • Culture creates people

  • Culture influences what is demanded

  • Determines attitude to business & work

  • Collectivism or individualism

  • Scientific mindset

  • Orientation towards new ideas

  • Religious dimension


Contd

Contd…

  • Cultural adaptation – manner in which institutions and systems fit into physical or social environment – essential for survival

  • Cultural shock – strangeness of new environment

  • Cultural transmission – transfer of elements

  • Cultural conformity – conform to norms or deviate

  • Cultural lag – time taken for readjustments


Important socio cultural factors

Important socio-cultural factors

  • Religion

  • Ethnicity

  • Language

  • Consumer preferences & habits

  • Etiquettes

  • Demographic and social trends

  • Technological progress and resultant social change


Current socio cultural environment

Current socio-cultural environment

  • Dynamic changes in value systems, attitudes

  • Society in transition

  • Relative prosperity, progress in some areas

  • Regressive behaviour

  • Urban bias

  • Pressing issues


Mdgs to be achieved by 2015

MDGs (to be achieved by 2015)

  • Eradicate extreme poverty and hunger

  • Achieve universal primary education

  • Promote gender equality and empower women

  • Reduce child mortality

  • Improve maternal health

  • Combat HIV/AIDS, malaria and other diseases

  • Ensure environmental sustainability

  • Develop a global partnership for development


Where do we stand

Where do we stand?

  • Population below 1$ PPP = 41.6%

  • Growth rate of GDP per person employed = 5.4%

  • Employment to population ratio (%) = 55.4 (overall), 77.2 (males), 32.3 (females)

  • Youth unemployment (15-24 yrs) = 10.5%

  • Share of women in wage employment (non-agri) = 18.1%

  • Population undernourished = 21%

  • Children below 5 yrs underweight = 47.8% (moderate), 15.2% (severe)


Contd1

Contd…

  • Under five mortality (per 1000) = 72

  • Infant mortality (per 1000) = 54

  • Maternal mortality (per 100,000 live births) = 450

  • Enrolment in primary education = 94.3%

  • Literacy rate = 82.1%

  • Gender parity index in enrolment = 0.96 (primary), 0.83 (secondary), 0.72 (tertiary)


Contd2

Contd…

  • Population using improved drinking water source = 89%

  • Population using improved sanitation = 28% (urban 49%, rural 18%)

  • Population living in slums = 34.8%

  • Telephone lines per 100 = 3.37

  • Cellular subscribers per 100 = 19.98

  • Internet users per 100 = 6.93

  • PCs per 100 = 3.17


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