ABSTRACT
Understanding
the environment within which the business has to operate is very important for
running a business unit successfully at any place. Because, the environmental
factors influence almost every aspect of business, be it its nature, its
location, the prices of products, the distribution system, or the personnel
policies. Hence it is important to learn about the various components of the
business environment, which consists of the economic aspect, the socio-cultural
aspects, the political framework, the legal aspects and the technological
aspects etc.
This research work assess business
environment and its impact on organizational growth with special reference to
Capital Oil and gas industries Nigeria.
The research discussed the concept of businessenvironment, its nature and
significance and the various components of the environment.
Three hypotheses
were formulated, each of the research hypotheses were all treated and accepted.
The data collected were analyzed and the result of analysis revealed some of
the fact relating to business environment.
However, the
summary of the major finding includes the following:
· That business
environment plays significant roles in the growth of an organization.
· That one of the
major determinant of business environment is competitor or competition
· That government
policy is a determinant of business environment
· Business
environment is the sum of interrelationship within the business and between the
business and society.
· The effect of
business environment varies from one situation to another
· Ability to
identify, evaluate and react to environment change will have considerable
impact on organizational growth
· Business
environment do not operate in vacuum. They must be exploited for profitability
and or minimized against adverse effect.
· Nigeria oil down stream
business environment have opened more opportunities for investment.
TABLE OF CONTENTS
CHAPTER ONE
INTRODUCTION
1.0 Background of the Study
1.1 Statement of the Problem -
1.2 Purpose of the study
1.3 Relevant Research Question
1.4 Testable Hypothesis
1.5 Significance of the Study
1.6 Scope and Limitations of the Study
CHAPTER TWO
LITERATURE REVIEW
2.1 Introduction
2.1.1 Sole Proprietorship
2.1.2 Partnership
2.1.3 The Joint Stock Company
2.1.4 Publi9c Enterprise
2.1.5 Co-operating Society
2.2 Models and Theories Relevant to the Study
2.3 Current Literature Based on such of the
Relevant
Variable of the Model/Theory
2.3.1 Strategic Environment Analysis
2.3.2 Handling Different Environment Condition
2.3.3 Historical Background of the Organization
Downstream Oil and Gas and Refining in
Nigeria
2.4 Summary of Literature
CHAPTER THREE
RESEARCH METHODOLOGY
3.1 Introduction
3.2 Research Design
3.3 Restatement of Research Question and Hypotheses
3.4 Sample of Data
3.5 Methods of Data Collection
3.6 Sample and Data Use
3.7 Validity of Research
3.8 Analytical Procedure
CHAPTER FOUR
DATA PRESENTATION ANALYSIS AND INTERPRETATION
4.1 Introduction
4.2 Respondents Characteristics and
Classification
4.3 Presentation and Analysis of Data According
To Research Hypothesis
CHAPTER FIVE
SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATION
5.1 Summary of Findings
5.2 Conclusion Drawn from the Findings
5.3 Suggestions for Further Studying
Bibliography
CHAPTER
ONE
INTRODUCTION
1.0 BACKGROUND OF THE STUDY
Many
approaches have been used in the past to explain how organizations operate the
classical organic and quantitative schools focus on aspects of organization,
which manager could influence directly.
The approach has been criticized for being too restrictive and
inadequate since these schools failed to account for the varying environmental
factors that dictate the fortunes of organization.
For
instance, in the past organization focused mainly on profit maximization, however,
recent challenges posed by external groups such as government unions and public
have created the need for maintaining an equitable working balance among these
interest groups. The system and the
contingency approaches to management have offered a useful suggestion by
emphasizing on the whole organization and the inter relationship of it is
parts. The major implication of these
schools approach is that an organization must be examined as a whole, including
its parts or sub-systems and as a part of the enviro.nment around it.
In
management, the word ‘environment’ does not necessarily mean physical
surrounding, but it is used to describe all those influences that bear upon the
individual organization. Since business
makes demand on the business, managers in any organization must interact with
and respond to environment factors internal and external to their
organization. The sum of these
interrelationship within the business and between the business and the society
is what management partitions called “THE BUSINESS ENVIRONMENT”
Although,
managers find it difficult to change most of these forces effectively however,
the ability, to evaluate and react to these changes will have considerable
impact on organization’s effectiveness.
For example, the failure of some manufacturing concerns in Nigeria
should not be attributed to government policies only. These companies should also be blamed for
their inability to effectively identify, evaluate and react to the changes
witnessed in the Nigeria
economy since 1980. the need for
studying business environment is important considering the fact that business
organization do not operate in vacuum and effective management in complex and
dynamic society requires the assessment of strengths and weakness of the
organization and the opportunities and threats posed by the challenges of the
eternal environment. For the survival
and growth, orgnisation must adopt to these challenges. In addition, the changes have been classified
into three ways namely;
a.
Classification based on the rate of
change
b.
Effect of the environment
c.
External of control