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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Presentation Transcript
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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