An

Environmental Introduction
Analysis and
to Business
Role of SMEs Studies
Student Name:
Student Roll No

SR #
Q# 1

1.1
1.2
1.3
1.4
Q# 2

Q#3

3.1
3.2
3.3
3.4
3.5
4
5

Table of Content
Explain STEEP analysis and discuss the
importance of analysing environmental
factors (STEEP) for an organization
Political
Economical
Social-Cultural
Technological
Discusses briefly the benefits of small
business and outline its role in general for
the growth and development of a nation
Define Entrepreneurship and explain briefly
some the entrepreneurial qualities and traits
with examples that Ahmed should have to get
success in his ventures
Communication
Branding
Sales
Strategy
Finance
Conclusion
Bibliography

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3

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Introduction:
Study statement demonstrates that there is a mounting number of SMEs in every country. Instead
of this, it is also experiential that numerous SMEs are unproductive and some are clogged down.
The most important dilemma of those SMEs gives the impression to be the short quality of their
manufactured goods and increase in antagonism in the market. Vanity may consequence in the
bolting up of possessions, consumption of capital possessions failure of production and
escalating joblessness. In adding together the unproductive units are mostly exaggerated by the
lessening of loan-able funds by monetary institutions.

Q #1)Explain STEEP analysis and discuss the importance of analysing

environmental factors (STEEP) for an organization
1.1 Political / legal:
Political/legal features comprise legislation on business, levy, service and any other district that
can have comportment on commerce. They can have a consequence on a businesss glowing
being or smooth continued existence.
1.2 Economical
Economic features comprise the monetary cycles, the countrywide GNP, significance charge,
currency contribute, price rises, joblessness and non-refundable proceeds etc. As understandable,
they influence on projects and businesses. For example, a jagged augmentation in interest rates
decrease business, distressing particularly businesses that depend on rented resources and with
low down revenue limitations.
1.3 Socio-cultural
Socio-cultural features comprise such gauge like inhabitants demographics, profits allocation,
communal mobility, way of life revolutionizes, approach towards effort and spare time, level of
edification and consumerism etc. They also influence a project and business. For example, where
there is a inclination for middling development, there may be a increasing stipulate of best and
top products.

1.4 Technological
Technological features wrap such belongings as technological innovations and infiltrate
impending through from investigate, the management prominence on Research & Development,
and way of obsolescence etc. A technical revolutionize can swing the production land. For
example, with computer issuing made probable by PCs, the printing manufacturing business was
trailing profitable enterprises in printing product advertising material, catalogs, coaching
research and studies etc.
Q#2) Discusses briefly the benefits of small business and outline its role in

general for the growth and development of a nation

Benefits:
Reimbursements of SMEs make available improvement to the fastener level and each place of
the financial system. Financially viable development is speed up by the SMEs, as SMEs are
industrious and vivacious supplier to the economy. SMEs productions nurture with advanced
momentum than the huge industrial subdivision. Employment production in SMEs is higher, 0.5
million employments per year. SMEs are thirty three percent more services rigorous than the
complete of the financial system in use collectively. Sell abroad of SMEs are rising and falling
speedy and its contribute to be over forty two percent. In addition these resources strength is
fewer. Speculation in unchanging advantage in SMEs is now 1/4th of that of significant business
area. Apart from this the employment fascinating capability of huge range industries is restricted
and has been dilapidated over an era of moment due to the reality that it flattering supplementary
resources rigorous. Likewise, augmentation in agriculture assist by watering system was
employment intensive in the preliminary phase but become capital intensive afterward and was
escorted by abridged labor amalgamation. Moreover, the pressure of inhabitants on land is
previously elevated and escalating and has resulted in a large excess of labor in pastoral areas.

Q# 3) Define Entrepreneurship and explain briefly some the entrepreneurial

qualities and traits with examples that Ahmed should have to get success in his
ventures
Entrepreneur and Entrepreneurship:
'Entrepreneur' An human being who, somewhat functioning as an member of staff, operate a
diminutive business and imagine all the jeopardy and recompense of a given industry endeavor,
plan, or superior goods or service offered for rummage sale.
3.1. Communication. When youre a solely owner who runs operations for profit and loss
purpose, you may imagine communiqu is a smaller amount of a problem, since you dont have
personnel to interrelate with. But youve tranquil got to sustain obvious appearance of
communication with your clientele via electronic message and cellular phone as well as make
certain that the message you hurl through your website and social-media side view is the one you
desire.
3.2. Branding (personal and business). Whether youre determined to brand name your business
or appearing to launch physically as an connoisseur in your diligence, significantly how to do so
online is indispensable to your achievement. Branding name starts with being vigorous on
community medium, and is wrought through satisfied periodical. Its vital to be on familiar terms
with how to convey content and possessions that your objective of spectators needs and will
stumble on precious things.
3.3. Sales. You might not spot with sales individuals but the truth is, if you scuttle a production,
youre concerned in garage sales. You might have sales players that knobs all of your companys
profit and loss, but each time you distribute your winch pitch about your commerce, youre
drumming into sales proficiencies.
3.4. Strategy. Its easy to imagine about the immediately facet of your production, because the
consequences are effortless to distinguish. But what, concerning the larger depiction, longstanding confronts and objectives. Without a steady judgment on your business approach and

accomplished evaluation of that tactic comparative to the business and your antagonism, you
cant anticipate to cultivate it over time and stay behind aggressive in the marketplace.
3.5. Finance. The more contented you are with all of this information, the more convinced
youll be, and the enhanced verdicts youll make. You have an accountant to knob all the number
chomping. Thats excellent, but dont use them as a prop to keep you from excavating in and
actually sympathetic where your moneys going. Its your responsibility to restraint in costs,
maximize competence and find ways to nurture profits.

Conclusion:
SMEs play a vital responsibility in supporting a mounting nations continued existence and
enlargement. The endeavor of this study was to examine the level to which the SWOT factors
have been accomplished in SMEs with meticulous allusion to the chosen companies. The
experiential data was composed and practitioners estimation was scrutinized to evaluate the
genuine state of affairs with the development principles or other rule. The study demonstrates
that antagonism and increase in anticipation of Customers is the most important external
subject for the SMEs. The major threats observed are opposition from bulky & international
businesses, monetary strictness and technological obsolescence.

Bibliography
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Environmental Innovation Decisions ."
Henriques, Irene and Perry Sadorsky. (2006). Environmental Policy and Corporate
Behaviour","Environmental Management Systems and Practices:."
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Management and R&D."
Johnstone, N., M. Glachant, C. Serravalle, N. Riedinger and P. Schapecchi. (2006), Environmental Policy
and Corporate Behaviour."Direct and Indirect Policy Incentives to Improve Environmental Performance."

Labonne, J. and N. Johnstone. (2006). Land Economics ,"Environmental Policy and Economies of Scope in
Facility Level Environmental Management."