Page 29 - DMGT401Business Environment

Business Environment

Notes 2. Its Quality: ETOP aims to maintain high standards and wants to exert a positive impact on
continuing education by holding a strong commitment to quality for the sustenance and
advancement of excellence in working atmosphere to make it informative.

3. Its Services: ETOP has decided to commit itself to render excellent services to its member
organizations by maintaining excellent relationships that are responsive and flexible to
industry requirements, needs and interests.
4. Its Collaboration: ETOP works simultaneously in tandem with the fellow joint labor
management organizations and is committed to the sustenance and advancement of learning
at workplace. Besides, ETOP's sister concerns include other organizations, which are also
committed to accrual learning, these include professional organisation and institutes of
higher education at local, state, regional, national, and international levels, which
collaborate for the advancement of learning at workplace.
5. Its Contribution to Learning: ETOP's incessant endeavour is to enhance its operations by
seeking continuous appraisal. For the purpose it collects information to improve its
operation and support teamwork, and provides learning opportunities for its staff and
collaborating organizations. It works with its members to promote an environment
enhancing acquisition of learning and skills.
For the purpose of the enhancement of learning ETOP programs are conducted on-site at
enhanced learning centers.

The workers don't need to waste their time in traveling to far off locations, which are
rather inconvenient. These learning centers include classroom settings; individual,
computer-equipped study carrels; and private areas for career and related counselling. It
has established learning centers at its participating employer organization's manufacturing
facilities. These centers are generally located adjacent to the production area. Ease of
access increases usage of the center. Services provided in the center range from educational
advising, career development counseling, and computer skills training to on-site credit
courses, test preparation, workplace skills, and preparation for General Education Diplomas
(GED). All centers are equipped with modern infrastructure and library facilities etc.
6. Its Local Joint Committees: The ETOP local joint committee is an advisory body that
functions as ambassadors for ETOP programs. There is a separate Local Joint Committee
established at each location. It consists of equal Union and Management participation. The
Local Joint Committee works closely with the ETOP staff, as well as, the National Office to
improve outreach and support structure for the ETOP Learning Center. Their tasks are to
promote life-long learning and encourage participation in ETOP programs.
1.3.3 PESTLE

In business PESTLE analysis role is very important. PESTLE analysis is a useful tool for
understanding the “big picture” of the environment, in which you are operating, and the
opportunities and threats that lie within it. Originally it is designed as a business environmental
scan; this analysis is an analysis of the external macro environment in which a business operates.
By understanding the environment in which you operate (external to your company or
department), you can take advantage of the opportunities and minimize the threats. These are
factors which are beyond the control or influence of a business, however are important to be
aware of when doing product development, business or strategy planning.
A PESTLE analysis is a business measurement tool, looking at factors external to the organization.
It is often used within a strategic SWOT analysis. The PESTLE analysis headings are a framework
for reviewing a situation, and can also be used to review a strategy or position, direction of a
company, a marketing proposition, or idea.

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