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Essay Details:
Essay text:
One aspects of business ecosystem is the social environment. Decision to invest in a certain location (either community, region or state) should consider to what degree the social environment at a particular location is conducive for business development.
There are three main aspect social environment. They are:
• Values held by a community
• Potential impact of interactions among subgroup in a community (accommodation, cooperation, assimilation, and conflict).
• Social change as influenced by globalization.
Values of community
To be successful in doing business a businessman should have sound understanding about the communities’ values...
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