Question

The Task Environment

Your textbook defines the external environment as the forces(customers, suppliers, competitors, labor force, distributors, corporate partners, subcontractors, unions, professional supports, lenders, government, interest groups and the media), institutions and people outside the boundary of the firm. The external environment is further divided into the general and task environment. Identify one or more sectors in the task environment which helps to create opportunities for entrepreneurs in the United States. Support your choice with a specific example.

Answer 1

THE TASK ENVIRONMENT INCLUDES GOVERNMENT, TRADE ORGANISATIONS, AND INVESTORS.

EXAMPLES CAN BE THE POLICIES OF THE GOVERNMENT THAT CAN BE CHANGED SO THAT ENTREPRENUER'S WORK IS FACILITATED AND THEY GET A CHANCE TO GROW. THE POLICIES CAN BE RELATED TO THE INTEREST RATES THAT LENDERS CAN CHARGE FROM ENTREPRENEURS. THIS WILL HELP THE ENTREPRENEURS TO TAKE LOANS AND GROW THEIR BUSINESS.

IN US IN 1996, CONGRESS HAD PASSED A TELECOMMUNICATION ACT THAT DEREGULATED THE TELECOMMUNICATIONS INDUSTRY. THIS CREATED NEW OPPORTUNITIES FOR MOBILE TECHNOLOGIES TO GROW AS THE COMPETITION INCREASED AND THE BOUNDARIES (TRADITIONAL) BECAME BLURR.