MGST 217 Chapter Notes - Chapter Chapter 6: Financial Independence, Financial Institution, Tax Avoidance
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MGST 217 Full Course Notes
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Since their small businesses extend into personal lives, it"s important to take care of their families. Every business is affected by its external environment - whether it meets critical success factors. Entrepreneurs and small business owners have a major effect on the economic environment as well. They experience the integrative nature of business because they start off handling all aspects and are responsible for the critical success factors. and health as well. Both social and economic face a lack of advancement opportunities for women and members of minority groups. Many create their own opportunities and businesses - creating at a much faster rate than national average. Innovations from trends - flexible scheduling, family-like environments, more socially responsible business practices. Demographics are changing - mostly younger, technologically literate. Small businesses tend to be more flexible and to react more quickly as customer needs change in response to the external environment.